Topic: MPOE/MPEx has a monster month (Read 3953 times)

This just in:


Slow clap for Fabian, and please go test his client.

Yes, there will be a .onion later today/tomorrow. This is a good thing to have in general, and will be maintained indefinitely, just, MP did not want to bring it online too soon because of concerns that the ToR network might actually not be able to cope. Yes, it's that big.


It is possible and it is being done, as jurov says above. The thing is the person running the proxy must be trustworthy because otherwise this would be just like running an open proxy. The WoT rating comes into play.

Is it not possible to have a "your own proxy in a box"? Running open proxies will get your server DDoS'd, but why not just run the proxy locally for yourself?

Just to remind that while CoinBr was affected and did have outage yesterday, currently it's online and fully functional for paying customers (both existing and new), with exception of live charts and mpex proxy. Other brokers do likewise so trading on MPEx does not cease. 

Maybe there should be a ddospool, guess the author.

Is starting a Tor hidden service an option?

Some really determined attackers there.. I'm guessing it's from SomethingAwful.

Im inclined to agree. The level of professionalism iv seen amongst the business owners on this forum so far is pretty sad.

Twitter?! LOL!
Level of your stupidity is astounding, pr-fluff. Thank you for the link to FAQ written by a moron and located on site that is still offline. Fkn brilliant PR work! Cheers!


Looks like way more people dislike that insignificant Romanian pervert than I ever imagined.
Up yours, mp!
LOL!

At least that didn't take long. 

Anyway, status update:

I. Better proxies are back online. Talk to mpex.coinbr.com for all your trading needs. These should be significantly more difficult to take offline than the last crop. While not impossible, we collectively welcome the opportunity to create a third generation so, mr attacker man, hit it.

II. MPEx main website (mpex.co) is not back online yet. One of the reasons is that we have a whole pile of hardware being assembled, much of it "nonstandard" and so there are delays. Specifically in this case some of the RAID 6 controllers - after being late to arrive - failed to pass our tests. When confronted the vendor explained that well...maybe they're "marginal". We're having stuff reshipped but apparently good quality controllers are rare. This is just "a taste of adventure", there are myriad other various issues I won't be delving into, mostly because nobody gave me the list. Otherwise I'd love to.

It would be technically possible to get mpex.co back online as it is, but MP made the call to first get absolutely everything assembled, working and tested and then bring the main site online. Since trade is going on normally as it is, this approach has on top of convenience an added benefit: I don't think a ddos-er has ever been this publicly humiliated before in the history of the Internet, nor do I think anyone has had so much fun fighting a ddos before.

MPEx is one with the interwebs. It doesn't even need a website.

III. Mpexbot available for trade via IRC. To quote:


The bot has actually been available since yesterday, when it demonstrated a trade:


This is important because it places an absolute limit on inconvenience, which is lower than the previous (trade by email). With the presence of irc bots we know as a proven fact that no matter what happens, as long as someone somewhere can run an irc server, MPEx will be taking orders.

Generally MPEx remains unwaveringly committed to its goals as summarized in the FAQ:


We welcome challenges of those goals with the secure knowledge that no challenge is anything but an opportunity to be seized.

MPEx is back online.     

Glad to see that you guys were well prepared for this attack. I can't wait until trading starts again, hopefully this caused a little panic in under-informed investors, and the rest of us will be able to grab up some undervalued shares. Growing pains are going to happen, it's how the company responds that matters. I have ever confidence that Mpex is going to return stronger than ever. Thanks for keeping us updated, MPOE-PR.

The S.Dice passthrough on Bitfunder is currently selling really cheap... I was able to grab a few thousand at 30% below what the passthrough on BTC-TC is currently selling for.  

Hopefully Blockchain.info will fix their database problem soon, or I'll have to dip in to one of my cold wallets to get more coins into Mpex.  

Nice - just the info I was looking for (IRC is a PITA on this network here) Thanks for the collection of quotes.

good luck

Because IRC is a fleeting medium, here's a collection of quotes for the record:




To add to that: there was a lot of Call interest open earlier in the week, about 80-90k contracts in total. There was also short Put interest (which in effect is long BTC), to the tune of about 15k contracts (worth something like 25k BTC at the time because of the way long Puts work - these were Puts struck at 75 USD per). Most of it closed without problems during the DDOS. By the time price feeds were unavailable during the craziness yest (and so the MPOE bot was no longer quoting) we were not getting any more orders (this would be 10 or so hours before the last proxy went down and trade was halted). Nevertheless if you are holding significant options exposure that you want to unwind immediately please contact MP on #bitcoin-assets to arrange. Fwiw the bot is quoting right now, mostly to itself. 

MPEx should be back online and fully operational during the course of today (March 8th). If that proves impossible there are failover mechanisms in place to ensure people will be able to trade - and yes we will take it to email if need be.

MPEx is forever.

It was at 0.0035 when I posted that message. Still a gain in USD terms, but not BTC at that time.

Like what I said in another thread, it's like someone ddosing NYSE's website and saying they hacked the exchange.

The main MPEx frontend, http://mpex.com is undergoing a DDoS attack, saturating the traffic uplink and causing  the site to be unavailable. The MPEx is unaffected and is still processing trades. You can get to it through a number of web proxies, including this one: http://mpex.coinbr.com.

Mircea Popescu just redirected traffic to whitehouse.gov as a gag (and it might actually give the attackers pause), since it'll be a while before he can solve the DDoS problem.

Shouldn't this belong in the MPOE or MPEx thread?  They don't warrant multiple threads for their news.  Pretty sure that 95% of the people on this forum could give a shit about MPEx outside of S.DICE.

Whitehouse was hacked.

Why is your site redirecting to the whitehouse?  I thought it was secure?

Since you're probably too retarded to read the actual FAQ, probably the best option for your limited abilities would be twitter.

It also nicely displays the trading continuity during the "downtime".

you keep dazzling us with all sorts of numbers. Is there a real time and aggregated data available from a third party to verify any of that?
Those few lonely trades assbot prints out in IRC, do not tell that "amazing turnover blaa blaa blaa" story at all.

A cursory look at the books will show you that options trade for upwards of 5 cents to the Bitcoin. In point of fact the cost of this ~75k BTC exposure has been in the 10-20k range. That's not "very small", it's quite reasonable.

The fact of the matter is that the future of roughly 75k BTCs is controlled by MPOE issued options, which turn it as you may is more than the monthly trade of plenty of exchanges.

That is not accurate. IPO prices were .0037 and below. At the highest USD exchange rate of about $12. So, IPO prices were around $0.0444 per share.

Current prices are .0048 at around $47 or about $0.2256 per share.

So I am not sure how you are pricing the shares to get the IPO price as neither the BTC nor USD price is anywhere close to the IPO price.

What a load of ego stroking. Most people here have no idea how empty this number actually is. MP abuses this as hard as he can. Did not expect anything else from you 2.

Let me copy paste another fun fact for you, before your bloated head and ego explodes:

 'Notional Value'
The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets because a very small amount of invested money can control a large position (and have a large consequence for the trader).

For example, one S&P 500 Index futures contract obligates the buyer to 250 units of the S&P 500 Index. If the index is trading at $1,000, then the single futures contract is similar to investing $250,000 (250 x $1,000). Therefore, $250,000 is the notional value underlying the futures contract.

So, it only takes a tiny fraction to show HUGE notional value and feed that crap to you all as some kind of big news.

Meanwhile, S.DICE is back at their IPO price. Investors didn't really lose any money in USD terms however.

Another monster month in the making, or straight from the wolf's mouth:

Highlights: ~10k MPOE (6k interest, 4k dividends), ~1k MPEx (huge sign-ups). 9.99% MPBOR. Almost 200k total contracts traded. Third party ownership for the first time over 10%. My salary revealed. Etc.

Full story.