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I like that idea.
Some automatic breaker, with the rules published in advance, and a clear message on every page of BitFinex in such a condition.
Please, everybody who still complains, take it to BitFinex email, as they themselves asked for. Or open a thread in "scam accusation", whatever. I don't want to hear it again and again for pages and pages.
To everybody making suggestions here: This sounds like we really can come up with a good plan here. And, as was stated by BitFinex/Giancarlo several times, people who make good suggestions will get some goodies. They are listening to us, lets make the platform go out stronger from this!
Ente
Yeah, a clearly defined and public circuit breaker of some type i think would help ease the market a LOT. I think the half-breaker would be awesome if the details are public because as soon as its turned on buyers would RUSH in and refill the bids because from their point of view, they get to buy coins at 0-5% below bitstamp price with *near certainty* their bids will get filled as the liquidations continue in a controlled fashion.
If we all knew the cascade was about to happen, i think a lot of us with available funds would have set up bid ladders to take advantage. There are few forces more powerful than greed, a half-breaker takes advantage of that.
I sure hope this gets implemented and i get a small bonus!