Egregoros

@sun Idiots and their money are always easily parted.

@phnt

@sun Maybe crypto needs more guardrails, but look up how many idiot corporate traders have entered the dollar value of a trade in the "# of stock" field. Literally happens every day.

@sun so it wasn't slippage, it was just that the user swapped $50 million worth of assets on his phone without checking what he'd get

@lain moron phone user

@sun @lain A market order without a set limit is a fire sale. If it's big enough it will clear the market and buy/sell at a far different price than the "market price" before the order went through. This is true in both the stock market and crypto. Anyone doing million dollar transactions should understand this.