3 ms·
Very good point on the roll-back. However in terms of the hack, Bitcoin is slow - most exchanges require a few confirmations so it's 30+ minutes to land a depo
by pants2 6mo ago
Very good point on the roll-back.
However in terms of the hack, Bitcoin is slow - most exchanges require a few confirmations so it's 30+ minutes to land a deposit in Coinbase/Binance at minimum, and a transfer that huge would instantly set off alarms. Seems unlikely that they would be able to unload that much.
- wmf 6mo agoCoinbase would definitely go into buy-only mode during a major crash but that just means people would scream while they watch futures/perps go to zero. "If you're first out the door, that's not called panicking."