Post
Topic
Board Exchanges
Re: [ANN] Tomorrow Exchange
by
RoyalKingdomEnterprise
on 09/08/2017, 16:15:40 UTC
coins on orders are sent in advance?
(meaning severs will store my BTC for an hour or a day or a week... depending on when price meet my target).
I've already mentioned this - it's only like this in the current version. We are going to gradually have more and more security features, and ICO money will help us greatly in this.

Answering your question, we only want to keep the top orders, and only tell the client to send the order when the price meets the target.

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People always tell that "you must not store your coins on a exchange".
But they fail to understand that most of the people that stored coins on exchanges... had these coins in pending orders.
Not passively sitting on the online wallet.
You would be surprised how many did. Because the system does not incentivize them to store them off-wallet. We would need a poll or something to find out, but I suspect that many just stored the money there out of convenience, .

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send the coins only when the transaction is closed.
Not in advance.
Exactly. One of the planned features.

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users hold MtGox accountable ...
we are holding BTCe accountable ...
This does not provide any additional guarantee, unfortunately :\
Yeah, this only provides security from
1) Silently stealing orders from people
2) Not being sure about insolvency (we plan to broadcast incidents like this P2P so that clients temporarily try to recover money asap when even one order is not executed)

It's already a lot, but not a complete security from theft of the order book. But as I said, we will gradually getting there as well.

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Just my two cents, obliviously Smiley
Thank you for your good questions!