Bitcoin Forum
July 23, 2024, 03:24:10 PM *
News: Help 1Dq create 15th anniversary forum artwork.
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How and why to slow down panic trading  (Read 530 times)
cbeast (OP)
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1006

Let's talk governance, lipstick, and pigs.


View Profile
March 29, 2013, 05:57:40 PM
Last edit: March 30, 2013, 01:06:52 PM by cbeast
 #1

Bitcoin is designed to take about ten minutes to be verified and more so to be well verified. I don't understand why exchanges are using the stock exchange model of instant trades when it is unnecessary. Why are we in such a hurry to buy 0.01 BTC? HFT is one factor destroying the stock market, so why are we accepting it in Bitcoin exchanges? I know that it is a "free market" but let's use some reason here. If HFT combined with DDOS attacks is going to plague Bitcoin exchanges, then why not do something about it? If we slow down the ability to "price discover" the exchanges, then HFT will not have the opportunities to exploit DDOS attacks and Bitcoin will roll along smoothly every ten minutes. IMHO Bitcoin price is psychological and not so much a matter of "free market" forces. In psychology we use statistics to create useful behavioral analytical tools. I don't see why we can't do this with Bitcoin.

edit: changing the title.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!