OKex limits the size of market orders and forces multiple orders and/or limit orders based on the thickness of the book, some of these things have been honed and polished up for years I am more turned off by the lack of concern from Jesse, I guess to him it isn't an issue ?
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We do the same but if you jump through the hoops and want to dump anyway, we don't stop you. Should we?
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1. No, 2. Yes (someone took the other side of every trade) but I'm sure people who sold at a price lower than the current best bid would prefer a do-over, 3. what would "handling" it be? Everything appears to have operated as expected. The event was entirely predictable.
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Most people don't use stop market orders, and most people don't trade with margin, and those who trade with margin aren't usually collateralizing their long position with the same asset they're long, setting themselves up for a double whammy when the price dips.
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Good to know how your users are valued on a case by case basis. Looking forward to exiting.
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I wasn't even impacted by this, but the fact that your defense of the circumstances is based on the percent of users in x leveraged position vs not, is telling.
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Is it "cool"? Ideally, all markets in the world are at all times in perfect sync. Do we know that markets aren't perfectly sync'd? Yes. It's not that I don't care (I do) -- it's just that people who were affected by this aren't noobs and should have known that desyncs happen.
I still don't see this as a valid response to even the concerns questions... so now because they apparently weren't noobs they are fully aware of Kraken dislocating 50% from the rest of the market on major pair ? come on now
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Have people been taught that all the markets stay in sync? I'm not sure where this expectation that all the markets across all exchanges all over the world would remain in sync, and to what degree can they be expected to be in sync? At all times, no matter what?
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But you still have no explanation why this “desync” happened across multiple coins and all during a system outage. It’s painfully obvious something went wrong on the part of your exchange.