In the upcoming weeks we will migrate all accounts to an enhanced and more secure system. Affected users will get a new deposit address and be notified via email.
New Features:
- All users who like to trade their position are now able to pull out their money early.
- Unmatched bets will no longer result in a reduction of your balance. This way everyone can be market maker on many markets without being forced to deposit too much money.
- Instead, the funds will be deducted from your balance right before a bet is matched.
- All market makers are required to make sure that they can cover for their unmatched bets. If a market maker fails do so (one of his unmatched orders is about to get matched and he does not have the necessary funds), it will result in a penalty of 0.1mBTC in each case.
This is a bit unclear for me, can you offer an example?
Say a user deposits 10 btc. They can create 10 unmatched bets of 10 btc each for a total of 100btc in market liquidity, right?
Are you saying that after the first 10 btc gets matched, the other 90 btc won't get canceled?
And if another user tries to bet against those remaining 90btc will the system allow a match putting the original user into a negative balance plus 0.1mBTC fee?