Quote from: elux on June 14, 2012, 02:36:42 PM

Quote from: zhoutong on June 14, 2012, 08:05:22 AM

Quote from: kokjo on June 14, 2012, 08:02:40 AM

Quote from: XVacant on June 14, 2012, 08:01:25 AM

Zhoutong's opinion was "all short positions can liquidate at 4.94".
https://bitcointalk.org/index.php?topic=81045.msg897877#msg897877

Quote

Current positions will all be liquidated at a settlement price. We haven't decided the price yet, but my personal estimate is 4.98 / 4.94. (All long positions can liquidate at 4.98 and all short positions can liquidate at 4.94, we pay the spread for you.) All unrealized P/L will be settled in USD. If you don't have sufficient USD balance, we will use your BTC to settle, with the mid-point exchange rate (again, we pay the spread).

I suggested the team to pay spread to customers to make everyone happy. At that time the highest-lowest difference was 4 cents. Now it's 1 dollar. So I'm really not sure how the liquidation will be handled.

I have a proposal for an amicable solution to the liquidation price dispute:

Close all open positions at the exact value they were placed. No loss for open positions.

If you opened a long position at 4.30, your position is closed at 4.30.
If you opened a short position at 5.30, your position is closed at 5.30.

Using this approach, the only loss for customers will be opportunity cost. Sounds reasonable?

Sounds good. But excuse me .. You do not understand how it works. They did not have enough money, that would do so.

5 - is a fair decision. (I'm a long, several thousand). And I willing to accept any loss of profits (of course a pity . Cry

.)