Quote from: DoubleSwapper on March 15, 2015, 12:13:53 PM

I figure but tell me why would anybody do this unless they had a plan in mind and why hasn't this happen in like ever before? Don't tell me there are people that expect the FRR to rise above 0.6 in the next two days lmao. Look at the rate when FRR wall was huge. Never was it pierced and now suddenly it happens all the time and gets ridiculous? Look at the orderbook.....Also why would it work this way to begin with? mjr has clearly said multiple times that people are comfortable with lending their money with FRR. You think someone is comfortable with having his money sitting at 0.1172 while funds at 0.7 get taken out? Where is the logic in this?

This makes for a absolutely ridiculous price discovery as well as making predictability of swap market as mess.

Again: This is the next swap manipulation in the making and it will probably again take months until somebody finds out that the guy taking out money at 0.7 was not stupid but knew something most didn't.

EDIT: Interestingly enough the calculation on margin trading for going long and short seems completely botched. Untick "include variable rates" and check and it still says 8050 btc available at 0.11 to 0.43 per day. Couldn't be further from reality.

Maybe someone with big amounts lent on frr thought out he would earn more by increase in frr than he paid in one hour interest in that spike? It doesn't have to be true, he just had to think that. Assuming it was not a mistake.

In the extreme, if literally everyone else was using only frr, you could set frr rates at will by lending $100 to yourself, at the cost of a 15% fee on interest