MtGox & Litecoin - Its all a rumor gone out of control - page 4.

matauc12

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Quote from: VforVictory on April 09, 2013, 06:56:36 PM

Quote from: matauc12 on April 09, 2013, 06:55:52 PM

Quote from: VforVictory on April 09, 2013, 06:52:36 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

Quote from: VforVictory on April 09, 2013, 06:35:57 PM

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

When they say things like "we are going to reinforce DDOS and working closely with one of the best DDOS protection company".... Well its probably not only PR. At one point, when the protection is big enough, it profoundly discourages even attempts...

If you guys have so much shit to say about a company that honestly didn't really do anything wrong and has been adjusting to its environment pretty well and also held itself accountable the one time it got hacked. I'm not a fanboi, I don't even have an account there. I just hear people bitch bitch and bitch for not many reasons honestly.

Uhhh, Coinotron says it has protection too...but that doesn't stop attackers. Gox has been down plenty enough too, so whatever claims of protection are probably not working/going to work. Especially once all the DDoSers see that they can earn more attacking MtGox for LTC than the LTC Pools.

DDOS protection is quantitative, not yes/no. You can adapt to it, and also can have a dynamic package once you are a that big client. I am quite positive this was a peak and adjustments aren't hard to make. I just see it getting better, not worse.

But hey, you aren't the first pessimist in this world.

Skepticism is quite healthy, especially in this market.

I agree better safe than sorry, but in what were talking about right now, I don't necessarily the benefit...

VforVictory

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V for Victory or Rather JustV8

Quote from: matauc12 on April 09, 2013, 06:55:52 PM

Quote from: VforVictory on April 09, 2013, 06:52:36 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

Quote from: VforVictory on April 09, 2013, 06:35:57 PM

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

When they say things like "we are going to reinforce DDOS and working closely with one of the best DDOS protection company".... Well its probably not only PR. At one point, when the protection is big enough, it profoundly discourages even attempts...

If you guys have so much shit to say about a company that honestly didn't really do anything wrong and has been adjusting to its environment pretty well and also held itself accountable the one time it got hacked. I'm not a fanboi, I don't even have an account there. I just hear people bitch bitch and bitch for not many reasons honestly.

Uhhh, Coinotron says it has protection too...but that doesn't stop attackers. Gox has been down plenty enough too, so whatever claims of protection are probably not working/going to work. Especially once all the DDoSers see that they can earn more attacking MtGox for LTC than the LTC Pools.

DDOS protection is quantitative, not yes/no. You can adapt to it, and also can have a dynamic package once you are a that big client. I am quite positive this was a peak and adjustments aren't hard to make. I just see it getting better, not worse.

But hey, you aren't the first pessimist in this world.

Skepticism is quite healthy, especially in this market.

matauc12

hero member

Activity: 658

Merit: 500

Quote from: VforVictory on April 09, 2013, 06:52:36 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

Quote from: VforVictory on April 09, 2013, 06:35:57 PM

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

When they say things like "we are going to reinforce DDOS and working closely with one of the best DDOS protection company".... Well its probably not only PR. At one point, when the protection is big enough, it profoundly discourages even attempts...

If you guys have so much shit to say about a company that honestly didn't really do anything wrong and has been adjusting to its environment pretty well and also held itself accountable the one time it got hacked. I'm not a fanboi, I don't even have an account there. I just hear people bitch bitch and bitch for not many reasons honestly.

Uhhh, Coinotron says it has protection too...but that doesn't stop attackers. Gox has been down plenty enough too, so whatever claims of protection are probably not working/going to work. Especially once all the DDoSers see that they can earn more attacking MtGox for LTC than the LTC Pools.

DDOS protection is quantitative, not yes/no. You can adapt to it, and also can have a dynamic package once you are a that big client. I am quite positive this was a peak and adjustments aren't hard to make. I just see it getting better, not worse.

But hey, you aren't the first pessimist in this world.

VforVictory

sr. member

Activity: 280

Merit: 250

V for Victory or Rather JustV8

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

Quote from: VforVictory on April 09, 2013, 06:35:57 PM

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

When they say things like "we are going to reinforce DDOS and working closely with one of the best DDOS protection company".... Well its probably not only PR. At one point, when the protection is big enough, it profoundly discourages even attempts...

If you guys have so much shit to say about a company that honestly didn't really do anything wrong and has been adjusting to its environment pretty well and also held itself accountable the one time it got hacked. I'm not a fanboi, I don't even have an account there. I just hear people bitch bitch and bitch for not many reasons honestly.

Uhhh, Coinotron says it has protection too...but that doesn't stop attackers. Gox has been down plenty enough too, so whatever claims of protection are probably not working/going to work. Especially once all the DDoSers see that they can earn more attacking MtGox for LTC than the LTC Pools.

matauc12

hero member

Activity: 658

Merit: 500

Quote from: VforVictory on April 09, 2013, 06:35:57 PM

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

When they say things like "we are going to reinforce DDOS and working closely with one of the best DDOS protection company".... Well its probably not only PR. At one point, when the protection is big enough, it profoundly discourages even attempts...

If you guys have so much shit to say about a company that honestly didn't really do anything wrong and has been adjusting to its environment pretty well and also held itself accountable the one time it got hacked. I'm not a fanboi, I don't even have an account there. I just hear people bitch bitch and bitch for not many reasons honestly.

VforVictory

sr. member

Activity: 280

Merit: 250

V for Victory or Rather JustV8

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

Tomatocage

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brb keeping up with the Kardashians

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

VforVictory

sr. member

Activity: 280

Merit: 250

V for Victory or Rather JustV8

Quote from: Tomatocage on April 09, 2013, 06:24:05 PM

Quote from: The Koolio on April 09, 2013, 06:14:44 PM

Im sorry but if you think a twit is official you are wrong. Also can I ask whether anyone in their right mind would want to trade something on a site that lags like hell. When ever a buy up happens theres lag, but not on a sell off. Its the gox guys manipulating the markets and most people cant see that. Its stupid. If anyone wanted to buy ltc they would move their btc from gox to btce... so ergo having gox accept it wont make the biggest of differences.

An official statement would be on their site. Not on a twitter or IRC feed. Those are not the channels of the users, more where they can gain a bit of publicity

I disagree. Litecoin is really only utilized by a small segment of nerds among a slightly less small segment of nerds, though the latter is briskly growing to include average investors as articles about Bitcoin begin to saturate mainstream media. Most everybody who knows anything about Bitcoin, even the casual reader of mainstream publications, is aware of MtGox. BTC-E on the other hand -- what's that? When MtGox makes an official announcement of Litecoin and Namecoin support, it's going to open up the floodgates and expose a whole new segment of people to the chains and, in theory anyway, bring in a TON of new money. People are going to want to diversify their eCurrency holdings beyond just Bitcoin and MtGox is going to enable them to do that by offering viable alternatives.

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

matauc12

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Activity: 658

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Quote from: Tomatocage on April 09, 2013, 06:24:05 PM

Quote from: The Koolio on April 09, 2013, 06:14:44 PM

Im sorry but if you think a twit is official you are wrong. Also can I ask whether anyone in their right mind would want to trade something on a site that lags like hell. When ever a buy up happens theres lag, but not on a sell off. Its the gox guys manipulating the markets and most people cant see that. Its stupid. If anyone wanted to buy ltc they would move their btc from gox to btce... so ergo having gox accept it wont make the biggest of differences.

An official statement would be on their site. Not on a twitter or IRC feed. Those are not the channels of the users, more where they can gain a bit of publicity

I disagree. Litecoin is really only utilized by a small segment of nerds among a slightly less small segment of nerds, though the latter is briskly growing to include average investors as articles about Bitcoin begin to saturate mainstream media. Most everybody who knows anything about Bitcoin, even the casual reader of mainstream publications, is aware of MtGox. BTC-E on the other hand -- what's that? When MtGox makes an official announcement of Litecoin and Namecoin support, it's going to open up the floodgates and expose a whole new segment of people to the chains and, in theory anyway, bring in a TON of new money. People are going to want to diversify their eCurrency holdings beyond just Bitcoin and MtGox is going to enable them to do that by offering viable alternatives.

+1 to that, that has been my exact argument word for word for this common comment. And it makes a lot more sense than the comments that prequels this answer.

illpoet

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rumor or not litecoins = yay!

Tomatocage

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brb keeping up with the Kardashians

Quote from: The Koolio on April 09, 2013, 06:14:44 PM

Im sorry but if you think a twit is official you are wrong. Also can I ask whether anyone in their right mind would want to trade something on a site that lags like hell. When ever a buy up happens theres lag, but not on a sell off. Its the gox guys manipulating the markets and most people cant see that. Its stupid. If anyone wanted to buy ltc they would move their btc from gox to btce... so ergo having gox accept it wont make the biggest of differences.

An official statement would be on their site. Not on a twitter or IRC feed. Those are not the channels of the users, more where they can gain a bit of publicity

I disagree. Litecoin is really only utilized by a small segment of nerds among a slightly less small segment of nerds, though the latter is briskly growing to include average investors as articles about Bitcoin begin to saturate mainstream media. Most everybody who knows anything about Bitcoin, even the casual reader of mainstream publications, is aware of MtGox. BTC-E on the other hand -- what's that? When MtGox makes an official announcement of Litecoin and Namecoin support, it's going to open up the floodgates and expose a whole new segment of people to the chains and, in theory anyway, bring in a TON of new money. People are going to want to diversify their eCurrency holdings beyond just Bitcoin and MtGox is going to enable them to do that by offering viable alternatives.

matauc12

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Activity: 658

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Quote from: The Koolio on April 09, 2013, 06:14:44 PM

Im sorry but if you think a twit is official you are wrong. Also can I ask whether anyone in their right mind would want to trade something on a site that lags like hell. When ever a buy up happens theres lag, but not on a sell off. Its the gox guys manipulating the markets and most people cant see that. Its stupid. If anyone wanted to buy ltc they would move their btc from gox to btce... so ergo having gox accept it wont make the biggest of differences.

An official statement would be on their site. Not on a twitter or IRC feed. Those are not the channels of the users, more where they can gain a bit of publicity

Its not official, no. But a confirmation that an official announcement is coming this week by the CEO is good enough for me. You can close your eyes to that if you want. But it makes the word "rumor" weight a lot less.

And why does everything have to be a conspiracy theory? If I'd have to pull a number out of my ass, I'd say about 5% of the time someone calls something a conspiracy that it is true.

But then, I know a lot of people have their tin foil hat handy.

Tittiez

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Quote from: The Koolio on April 09, 2013, 06:14:44 PM

Im sorry but if you think a twit is official you are wrong. Also can I ask whether anyone in their right mind would want to trade something on a site that lags like hell. When ever a buy up happens theres lag, but not on a sell off. Its the gox guys manipulating the markets and most people cant see that. Its stupid. If anyone wanted to buy ltc they would move their btc from gox to btce... so ergo having gox accept it wont make the biggest of differences.

An official statement would be on their site. Not on a twitter or IRC feed. Those are not the channels of the users, more where they can gain a bit of publicity

You sound quite paranoid over MtGox Koolio. MagicalTux said to expect a public statement about alt-coins this week.

Also, don't forget that LTC and NMC have been added into the api.

https://data.mtgox.com/api/2/LTCUSD/money/ticker
https://data.mtgox.com/api/2/NMCUSD/money/ticker

And don't get the wrong idea, I don't really like the fact that MtGox is added it either. I am just in it for the short term spike it may or may not cause, because I'm greedy.

01BTC10

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Confirmed rumour. Now dump all your cheap LTC to me.

Thanks.

The Koolio

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Minds are like parachutes they work best when open

Im sorry but if you think a twit is official you are wrong. Also can I ask whether anyone in their right mind would want to trade something on a site that lags like hell. When ever a buy up happens theres lag, but not on a sell off. Its the gox guys manipulating the markets and most people cant see that. Its stupid. If anyone wanted to buy ltc they would move their btc from gox to btce... so ergo having gox accept it wont make the biggest of differences.

An official statement would be on their site. Not on a twitter or IRC feed. Those are not the channels of the users, more where they can gain a bit of publicity

matauc12

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Activity: 658

Merit: 500

Quote from: VforVictory on April 09, 2013, 06:07:11 PM

Quote from: bitcoiners on April 09, 2013, 06:03:54 PM

Quote from: seleme on April 09, 2013, 06:00:45 PM

There is a link floating that shows mtgox having litecoin api page. Not sure about that Twitter, anyone can setup account there but api page shows that they have plan to do it at some time.

Not sure it is good idea tbh, it will only confuse people who are just getting familiar with bitcoin, they don't need another WTF moment.

It's on their IRC too... Jesus people are dumb.

Not everyone worships MTGox and visits their IRC page, or even knows what IRC is*

its not because you are ignorant about something that its false.

I just can't help it but feel irony when someone calls a claim from a CEO a rumor about his own company.

VforVictory

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V for Victory or Rather JustV8

Quote from: bitcoiners on April 09, 2013, 06:03:54 PM

Quote from: seleme on April 09, 2013, 06:00:45 PM

There is a link floating that shows mtgox having litecoin api page. Not sure about that Twitter, anyone can setup account there but api page shows that they have plan to do it at some time.

Not sure it is good idea tbh, it will only confuse people who are just getting familiar with bitcoin, they don't need another WTF moment.

It's on their IRC too... Jesus people are dumb.

Not everyone worships MTGox and visits their IRC page, or even knows what IRC is*

bitcoiners

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Quote from: seleme on April 09, 2013, 06:00:45 PM

There is a link floating that shows mtgox having litecoin api page. Not sure about that Twitter, anyone can setup account there but api page shows that they have plan to do it at some time.

Not sure it is good idea tbh, it will only confuse people who are just getting familiar with bitcoin, they don't need another WTF moment.

It's on their IRC too... Jesus people are dumb.

seleme

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Duelbits.com

There is a link floating that shows mtgox having litecoin api page. Not sure about that Twitter, anyone can setup account there but api page shows that they have plan to do it at some time.

Not sure it is good idea tbh, it will only confuse people who are just getting familiar with bitcoin, they don't need another WTF moment.

matauc12

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Quote from: ebildude123 on April 09, 2013, 05:44:11 PM

The dude tweeting about it happens to manage mtgox

This.

Those "meaningless" tweet you are talking about would be enough to put them under trouble for market manipulation. Regulated or not, that is not an avenue that seems likely.

As you state with the amount they make, why would they jeopordize with that good income for doing that kind of very obvious shady business.

Less FUD please.

Topic: MtGox & Litecoin - Its all a rumor gone out of control - page 4. (Read 13733 times)