Topic: Let me guess, they will blame this correction on a DDoS...... (Read 3798 times)

Mt. Gox needs to consolidate all identical buy orders into one order at the time the order is being placed. There's no reason those shouldn't be lumped into one order @ $167 unless they're using multiple accounts. Limiting the amount of orders to 1 per minute or something like that would also help too.

These are the tiny buys that support the bid/ask that I've discussed on other threads. These always occur during every sell-off. They usually transact much higher than the sells and the bid/ask somehow pops back up to the level of these tiny sells in spite of 100s of coins being dumped much lower. It's bizarre. If these are causing the lag, then they do it to stem panic selling (and not the other way around like everyone's thinking).

I show similar strange buys.

https://bitcointalksearch.org/topic/doing-all-they-can-to-hold-it-above-200-172540

This is not a DDoS. They should easily be able to handle these trades.

https://i.imgur.com/umRmL7b.png

https://i.imgur.com/7d04dru.jpg

A DDOS. There's no reason to do trades like that.

Yes, there is a chance in hell.

As I said, no DDoS.....


https://bitcointalksearch.org/topic/mtgox-statement-on-facebook-172944

As I've posted previously, a correction occurs every day at about 10 AM ET along with a huge lag. You can see them in the charts. When the exchanges figure out how to eliminate the DDOS threat, then the 10 AM drops will go away and the market can correct without outside help.

bitcointalk never went down for me, just got laggy at times. probably due to the all time high users online:
 Most Online:   7150 - Today at 11:12:15 AM

Yeah,not to mention some of the charts so others can't see it.

Why are you still here? Oh yeah, for the only reason you were ever here.

You can blame the DDoS for the lag but not the correction, which would've happened regardless. To blame this correction on the lag/DDoS is ridiculous because that would be saying that half the worth of a currency can be destroyed simply because people have a tough time logging into their forex account. If my equities platform lagged out I would be highly annoyed, but it would not destroy the stock market and force me to liquidate. This thing was headed down well before and independent of this lag....

If this was a DDoS attack, how can that cripple a multibillion dollar market this easily? If it can, then this market is overvalued because there is an extreme level of systematic risk. Is bitcoin (by way of its service providers) really so fragile that it gets cut in half in the blink of an eye simply because Gox lags out massively? That's even scarier than a natural panic sell-off and subsequent lag after a meteoric rise. On the NYSE, they have circuit breakers that halt trading intentionally because that quells panic (which is what I think this lag does, contrary to what most of you think). If anything, a DDoS would prevent the sell-off from being as deep and as fast as it would have been.

If one can truly blame this on an attack, then bitcoin needs Wall Street help (I hate to say it). What's worse, a currency that has a deep and natural sell-off (like this, IMO) or a currency that can be completely wrecked by a hacker? I opt for natural sell-off.....because otherwise we need a very strong and experienced organization (e.g., Goldman et al.) to step in and provide a platform.

Not a chance in hell.

Coordinated DDoS.

I've had 502 errors on Bitcoincharts.com every single day this week.

This could just as easily be thousands of people going to all these sites because they can't get information. Gox lags out so they go to Bitstamp, etc etc. We know that Gox can't handle very much traffic because they lag out every single day. With BTC falling, you can rest assured every BTC owner is going en masse to all of these sites.

I don't care; my limit orders were waiting for this, and I am now a happy owner of few more coins bought cheaply.

Or, simpler, as the price drop tons of people rush on the exchanges and on the forum and this create lag.

I recommend you read this, incidentally posted today hours before the crash, called Bitcoin Should Get Ready for an Attack: http://lewrockwell.com/rosenberg/rosenberg-p14.1.html

that doesn't quite explain bitcointalk getting hit as well as the bitcoincharts.com 502 error. Those sites should've been hit just as hard by speculators during yesterday's rally as they are today.

Whats the price right now? I'm having difficulty finding out.

Also, given the situation, no funny business please :-P

It is (still...) totally a DDoS.

The exchanges, every source of information, this forum.

C'mon, Manticore.  Blame them for not suspending trading (which is what should happen) if you like.  But this is almost certainly the result of a botnet or two being hired to coordinate this shit.  You have to know that's true.

It'll go away after whoever did this has their profit from the noobs.  Me. I've got a three-minute lag just to open one thread here, so later.

"Even if" ? Thanks for outing yourself. Bye.