please cancel my sell order from the book, thanks, sales completed
Order book updated.
I suppose one way you could do it is to set up a bitcoin address for the order book, all orders must send 0.01 to this address with a message containing trade info and link to bitcointalk profile or something. Once the order is filled they must send 0.0005 (covers the miners fee) from the same address with a message to remove the order, and then 0.005 will be sent back to the same address and the order removed. I suppose there could also be a option to send 0.00006 from the same address with a message if you wished to change the order.
Anyway that's probably all too complicated but just suggestion to think about
If it was me I don't think I'd bother adding fees to place orders as it seems like it will create a lot more work.
Anyway that's probably all too complicated but just suggestion to think about
If it was me I don't think I'd bother adding fees to place orders as it seems like it will create a lot more work. That's a great idea in theory, but it would cause lots of extra work when done manually.
But maybe this could be automated. I'll put that one on my list.
I agree that something like this is the best solution. But this is not really ideal, for example J.R has posted his sell order 1750 MSC @ 0.7, I'm sure the order is still valid after 3 days and I doubt he wants to keep posting it again. Which is why I proposed that all overlapping orders are removed after X days rather than every order.
I also see this as a good solution. The only problem is this: I can't be sure who is the "bad" guy and who is the "good" guy. Let's say I'm a seller and I have an order in the crossed book because there are two buyers at my exact price. I try to contact both buyers but they don't react. After 3 days my order gets deleted because of that even though I would be willing to sell.
So if I remove orders from the crossed book I likely also remove orders from someone who actually would be willing to honor his offer.