Quote from: Helix on December 20, 2013, 03:13:25 AM

Quote from: urwhatuknow on December 20, 2013, 12:15:21 AM

every time I see people getting blinded by their own greediness my heart fills up with sadness....
What you say is blatantly false and you know it.
We had a glitch and we corrected it.
All your theories are just a flash in the pan.
But even if this was true, why the hell would you want to stab Bitfinex in the back?
What is the value of your ethic?
4000 LTC?
Don't you understand what a shame you are making of your reputation?
Don't you see that there must be a point where you stop being a shark and you understand we are a community and only by being nice to each others we can all be successful?

Please think twice before you reply to this post.
Think about what Bitfinex does for you and what you should be doing for Bitfinex.

Have a good day

Giancarlo
Bitfinex Team

Hi Giancarlo,

I just wanted to say that some of us REALLY appreciate all you've done for the Bitcoin community... You've helped me out in the past when I've margin-ed myself up to stupid levels and got decimated. Most of us here understand software is never perfect... I'm wondering here if these kinds of situations can be mitigated in the future? perhaps the platform could freeze all positions temporarily if volatility gets out of hand? maybe bitfinex should increase it's fees and create some kind of reserve fund for situations like this???

Freezing all positions could be very dangerous as well (what if the market keeps going down or up after you freeze the positions, then a small number of unliquidatable positions turn into a huge number). Perhaps it would be interesting to do this if market bids or asks are very shallow compared to open margin positions and/or if the exchange rate deviates from other major exchanges in a big way. The conditions for such a freeze would of course need to be articulated very clearly and a long time in advance of implementation.