On Thu, Apr 4, 2013 at 11:48 AM, Ben Scott <dragonh...@gmail.com> wrote: > > On Thu, Apr 4, 2013 at 10:42 AM, Peter Petrakis > <peter.petra...@gmail.com> wrote: > > If you can buy puts against this then it's easy money. Why don't they > > suspend trading during a DoS or an institute an uptick rule? > > I thought one of the big things about Bitcoin is that there is no > "they", it's all peer-to-peer. Yes/no? >
stock exchanges are also peer to peer in a sense and have similar polices for trading securities. If there isn't stock in one market, my broker will route the order to another market. So here's an exchange where you can bid on bitcoins. http://www.mpex.co/ If I were up to no good I could buy bucket of put contracts at the current price, issue the DoS order to my *friends* from an [insert unsavory country here] and as it plummets sell my contracts back where demand is higher making an insane profit; or I just buy during the dip and sell after the attack. It's classic market manipulation and it doesn't appear that I can go to the SEC for relief. If the exchanges actually talked to each other they could halt trading during these events which would freeze the price, preserving the value of your investment. This currency just swung like the VIX (tracks market volatility), based on what? > > -- Ben > _______________________________________________ > gnhlug-discuss mailing list > gnhlug-discuss@mail.gnhlug.org > http://mail.gnhlug.org/mailman/listinfo/gnhlug-discuss/ _______________________________________________ gnhlug-discuss mailing list gnhlug-discuss@mail.gnhlug.org http://mail.gnhlug.org/mailman/listinfo/gnhlug-discuss/
