Let me guess, they will blame this correction on a DDoS...... - page 2.

doobadoo

sr. member

Activity: 364

Merit: 250

Quote from: Piper67 on April 10, 2013, 02:15:16 PM

No, of course not. The top three USD exchanges plus bitcointalk all going down at the same time was just a coinkidink Wink

Yeah its called a DDoS of SELLERs. All the noobs trying for the exit at the same time. Xchanges can't scale fast enough.

Bad for BTC. This poop of not being ready for scale hits us over and over. You'd think the guys at gox would have had plenty of time to triple or quadruple server capacity in the last few months, you know with $10k/day of revenue pouring in.

Manticore

member

Activity: 70

Merit: 10

Quote from: Piper67 on April 10, 2013, 02:15:16 PM

No, of course not. The top three USD exchanges plus bitcointalk all going down at the same time was just a coinkidink Wink

Even if this is a DDoS (or simply increased traffic due to panic), it is not the cause of this correction. This lag is actually stemming the panic selling, not creating it. If there wasn't a lag, the selling would bring this down much farther, much faster. Why do you think NYSE has a circuit breaker and trading curbs?

Aozora21

newbie

Activity: 42

Merit: 0

Thats silly.. they cant handle a sell off true.. but its the volatile people responding to it as a crash, or selling because it hit the daily peak trying to get out and let the panic take hold.. then there is mass sell, then the lag grows, and people start responding to mass panic,causing more lag and more sells. too many of these little incidents will eventually hurt us for real if gox doesnt do something to prevent this.... provided it isnt on purpose

Piper67

legendary

Activity: 1106

Merit: 1001

No, of course not. The top three USD exchanges plus bitcointalk all going down at the same time was just a coinkidink Wink

Manticore

member

Activity: 70

Merit: 10

This was headed down well before any lag.....Gox simply cannot handle sell-offs. It jams up their system. The lag helps stem the sell-off, in fact; it doesn't make it worse. It acts as a circuit breaker. The lag slows the sell-off and then gives them something to blame the correction on.

Topic: Let me guess, they will blame this correction on a DDoS...... - page 2. (Read 3753 times)