Newegg is now accepting Bitcoin

Re:Newegg is now accepting Bitcoin by wmf on Tuesday July 01, 2014 @10:10AM (#7970744)

IIRC someone implemented this attack (buying or selling small amounts could move the price on BitStamp and Coinbase would offer to buy/sell large amounts at that price), notified Coinbase, and now it's fixed.

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Re:Newegg is now accepting Bitcoin by logicallee on Tuesday July 01, 2014 @01:00PM (#7971987)

Interesting :) Do you know what the fix was?

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Re:Newegg is now accepting Bitcoin by jafaku on Tuesday July 01, 2014 @01:15PM (#7972088)

I think they were using the "last price" instead of the "weighted average", or some stupid mistake like that, and obviously without any sanity checks. Meaning someone could manipulate Coinbase's price by placing a tiny buy order for a very high price or a tiny sell order for a very low price.

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