Today's market crash is brought to you by Kraken's malfunctioning trade matching engine.
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Hi Kevin, I'm a fan of but don't you think it's irresponsible to make misleading, disparaging and libelous statements on the basis of your own speculation, without any direct information? I'm sure you can think of a plausible alternative. Hope you issue a correction.
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Then you should *immediately* account for *exactly* what happened with today, what you plan to do about it, and how you'll make it right with your customers. You guys have had *zero* communication with your clients about this today - leave it to the internet to guess.
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What do you mean what happened? Selling drives the price down. Buying drives the price up.
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Specifically, why was your API latency more than 2k during the event so that your clients could react, and why did you go down for maintenance?
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Latency could be related to high load. Could also be widespread network/Internet issues. Maintenance was for funding upgrades. There’s a misconception that queued orders matching is something that can be reacted to. You can’t insert new orders in to the middle of processing stack
This *literally* sounds word for word the answer I would get if I called the Comcast help desk.
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If Kraken does not make the BTC price at least $80K in the next 24 hours, I am closing my account and never coming back to this exchange.
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