So it turns out traditional markets aren’t as stable as everyone thought. The S&P 500 – an index of the 500 largest companies listed on the New York Stock Exchange – dropped 13 points in a matter of seconds earlier today as a result of a hacked AP twitter account. The tweet in question described an explosion that allegedly injured the president. The flash crash was the equivalent of over $100 billion in market cap disappearing almost instantly. For all of the concerns with bitcoin’s price instability, this would have evaporated 100x the bitcoin market cap due to a vulnerability …
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