Exchange and hot wallets

3 Reasons Why One Trader Didn't "Manipulate" Bitcoin Price To $20K

"Exchanges use omnibus wallets that pool all customer balances and transactions on and off the exchange. So an analysis that shows that ‘a single wallet’ was involved in flows from Bitfinex to other exchanges is meaningless..."

Currently exchanges do not know the wallet keys for clients and instead run everything through the exchange hot wallet.  The client executes a second operation, in essence, to extract the bitcoin to its own wallet.  The other method is over the counter exchange between trusted parties.

There is another solution, bid the price, then assign the two clients to handle their over the counter exchange, but that requires an intermediate trusted miner to monitor the trade and execute the revoke within timeout function.

SecureID solves the whole mess. A secure ID can guarantee it will complete a bid transaction and the exchange need only run the pit.

This is a bit of a mess, having the extra step and paying the extra fee.  We need Tim Cook to finish his damn job and make SecureID  universally available. Tim, where are you?

Libra would have more options since Libra is pre-embedded into a secure liquidity net.

But this brings up the other point.  Why not have Coinbase simply run an S/L for bitcoin within a secure liquidity net? We have already shown the S/L with bitcoin works just fine in profitless, auto-pricing mode.

Understanding the new money tech is equivalent to understanding sandbox theory.  Someone, besides me, needs to write the book.