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Topic: Can bitcoin websites handle a Colbert Bump right now? (Read 1787 times)

legendary
Activity: 2198
Merit: 1311
Did you guys even watch the thing?

He totally butchered Bitcoin.  He said no one should ever buy them.



In context he essentially said that you shouldn't buy them, unless it's with money you can afford to lose, because the exchange rate is all over the place.  I thought it was a pretty fair, albeit very short, discussion about bitcoin.  The bitcoin infrastructure is still in development and so is the protocol.  I do think the value is likely to go up, at this point, even if it does so in violent moves, but let's not forget this is still an experiment.
newbie
Activity: 11
Merit: 0
I wouldn't call it a pump.  Undecided
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
Did you guys even watch the thing?

He totally butchered Bitcoin.  He said no one should ever buy them.

member
Activity: 87
Merit: 10
Bitcoin sites can barely handle Bitcoin users' traffic let alone the public's.
full member
Activity: 151
Merit: 100
Who is Adam Davidson and why he is being called?
hero member
Activity: 490
Merit: 500
... it only gets better...
Why not?
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Not to mention its Colbert report not CNN, half the viewers won't know how to wire money somewhere.
member
Activity: 112
Merit: 100
I think you're overestimating the impact of Bitcoin appearing on colbert.

not sure how you can overstate that, show is huge

Individually it may be large, but not in comparison to the combined media coverage lately.
sr. member
Activity: 448
Merit: 250
[...] I think with all the attention the project has been getting it might be time for website operators to up their bandwidth.


*sniff*
Proudhon, your artful mastery of the understatement brings tears to my eyes

Also,
"YA THINK?"
 Grin Grin Grin

Honestly, I don't know what they're thinking... sitting in their datacenters smoking their silk road reefer rolled in $100 fiat bills... "Hey Don ya think it's time to get some new servers?" "Nahhhh.... bitcoin's gonna crash soon... let's wait just another month." "Hey Don?" "Yeah?" "Uh, I think something just blew up..." "Oh, another DDoS.." "No, just a 10x volume spike." "FUCK. Doesn't this happen every month?"
sr. member
Activity: 448
Merit: 250
Could the Colbert Bump have a significant effect in a few weeks when interested viewers who may have seen it pop up in the press once or twice in the past, decide to fund an exchange account or set up an OTC? Yes.

Might people buy now in anticipation of that? Probably not. People aren't quite ready to trade on news yet, they're still trading on fear  Grin

Could the current infrastructure handle it? HELL NO. Lol. Our current services are hanging on by threads as it is. The script kids who started these websites 2 years ago when bitcoin was a fledgling hobby are way out of their league, they need huge datacenters and IT managers and multiple paid staff and scalability plans and all kinds of fancy shit that they can't even wrap their heads around at the moment.

Heck, even bitcointextmessage was down a couple days ago ;-) can't handle the SMS load, eh? This shit is pitiful.

Nothing like a good kick in the rump to get things going, though. They can't wallow in mediocrity forever or else they'll be left in the dust when the real services start opening up.
legendary
Activity: 2198
Merit: 1311
to da MOON!!!!!

Hopefully not that.  And hopefully the load on websites doesn't bring them down.  Still, I think with all the attention the project has been getting it might be time for website operators to up their bandwidth.
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
to da MOON!!!!!
donator
Activity: 294
Merit: 250
Blockchain.info has been down for over an hour already even before this. I think that the answer is no.
newbie
Activity: 41
Merit: 0
Darn it, I thought I was going to be able to be the first to post about this because I just noticed it and I was already on the site, oh well... What does everyone think will happen due to the Colbert Bump?
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
I think you're overestimating the impact of Bitcoin appearing on colbert.

not sure how you can overstate that, show is huge
legendary
Activity: 2198
Merit: 1311
I think you're overestimating the impact of Bitcoin appearing on colbert.

Maybe so.
member
Activity: 112
Merit: 100
I think you're overestimating the impact of Bitcoin appearing on colbert.
newbie
Activity: 38
Merit: 0
"Now if you don't know what bitcoin is... wanna buy some bitcoin? eh? Are you sure?"
newbie
Activity: 38
Merit: 0
My eyes glow green
legendary
Activity: 2198
Merit: 1311
Bitcointalk.org, bitcoin.org, blockchain.info, bitcoincharts.com.  The exchanges too, but mostly other stuff.
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