Topic: MTGox vs mysterious Russia - page 5. (Read 36017 times)

Mtgox might be back but the LR withdraw function is broken again. Which isn't too surprising since the LR withdraw function has worked only 2 twice out of the 50+ times I've tried it. You always blame the LR withdraw being broken on LR's API but mtgox is your website and therefore it is your responsibility to make sure it functions as advertised. When you advertise that people can sell bitcoins for LR and then that functionality doesn't work it is very deceptive. You should at least let people know on the front page of your site when the LR withdraw isn't working that way people don't waste their time, and bitcoins/money. Another, alternative would be to do the LR withdraws manually when the automatic withdraw isn't working. I would also suggest looking into other e-currencies so that people have more options. If you keep mtgox is this perpetual state of reduced functionality eventually someone else is going to make a website that works and you will lose my business and everyone else that doesn't want to wait to withdraw their money.

Also, please no one tell me I should use the bank wire instead. First off, I am in the USA so the minimum is $800 which I don't always have in my mtgox account. Even if I did bank wire isn't a good option for me.
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How about Dwolla?

Oh and for LR, we've hit the security global daily limit, which means you'll have to retry tomorrow. If you have an urgent need, please email [email protected] with the details of the transfer you want to do.


Thanks

How about you go and program your own exchange?

Anyway, mtgox is back.
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Mtgox might be back but the LR withdraw function is broken again. Which isn't too surprising since the LR withdraw function has worked only 2 twice out of the 50+ times I've tried it. You always blame the LR withdraw being broken on LR's API but mtgox is your website and therefore it is your responsibility to make sure it functions as advertised. When you advertise that people can sell bitcoins for LR and then that functionality doesn't work it is very deceptive. You should at least let people know on the front page of your site when the LR withdraw isn't working that way people don't waste their time, and bitcoins/money. Another, alternative would be to do the LR withdraws manually when the automatic withdraw isn't working. I would also suggest looking into other e-currencies so that people have more options. If you keep mtgox is this perpetual state of reduced functionality eventually someone else is going to make a website that works and you will lose my business and everyone else that doesn't want to wait to withdraw their money.

Also, please no one tell me I should use the bank wire instead. First off, I am in the USA so the minimum is $800 which I don't always have in my mtgox account. Even if I did bank wire isn't a good option for me.

As a temporary measure you could also try whitelisting all IPs used by users that logged in once - this would at least make people feel more safe about accessing their money.

I think it's very clear:

https://www.bitcoin.org/smf/index.php?topic=6864.msg101352#msg101352

Great work MagicalTux. It looks like volume is picking up again and price has remained relatively stable while the site was offline, so all is well

Cheers!

I wonder why Btcex admin is not here yet to clear things up ?

it's working great, I have already started buying. Thanks.

It's up and responsive for me, I see it behind Blacklotus.

I was just about to privmsg MagicalTux and ask if he had any use for a donated cache (set up similar to Wikipedia's global CDN), but judging by the fact that the new server is at BlackLotus, I'd venture to guess it won't be necessary until attacks start to exceed 3 or 4 Gbits/sec.  Keep up the good work!

DNS TTL is 600 seconds (10 minutes)

Anyway, mtgox is back.

If you've made some DNS changes that may take a while to propagate. But I assume the changes the reason the site is unreachable completely is that there is yet no server listening to requests and not a DNS related problem, no?

Current ETA for mtgox back: before 14:00 GMT (in fact, it should be in less than 2 hours, but never know what can happen)

I am not going to do this, unfortunately I have other things to do. It's an idea for someone else, like MagicalTux to use it, if people decide to like it. I just think that it's a p2p trading in its purest form. You can't go any more decentralized than this. And decentralization is a key to success.

This all could be considered an "extended" bitcoind server, in a modular way. Only those who want to participate would download and use it.


A bit of more explanations:

So whenever you connect to http://localhost:1234 you are first presented with a list of available exchanges (each of them distributed their public key in the network), then you click one of them and can log in, using the your credentials which are also distributed in p2p.

Then you are presented a basic interface for ask/bid/withdraw. Specific information needed for this interface (bank account numbers and other stuff needed to withdraw/add money to this exchange) is also distributed along with public key. Lets say that it has a reasonable size limit to avoid blocking the p2p network, actually few kilobytes of plain text should really be enough, so it would be comparable to the size of a single block.

And maybe uploading a new public key (opening a new exchange site) is costing BTC, to avoid spammers (you can't spam if you must pay for that). The BTC cost of opening a new exchange site could be distributed on all nodes that participate in p2p network - since they have external IP, they can receive BTC based on their IP.

I think that this interface would serve all exchange sites equally good. Then we will have more exchanges like mtgox, becuase there will be a unified platform and interface for all of them! Whether you want to use one or another is just up to you. Whenever a new site springs up - it distributes its public key in the p2p network and joins the exchange p2p layer/interface.

Umm,,how about no. We all know mtgox is da shit and all but I for one do not want mtgox to be given a virtual monopoly or elevated to some holier than holy status. No extra traffic, no modification of bitcoind. What we really need is more exchanges like mtgox!

I have an idea for distributed p2p trading with mtgox as backend. This will require modifying bitcoind server and add extra traffic in our p2p network. I think this can work, please have a look:

- whenever you want to trade you fire up a bitcoind on your PC and connect to localhost,
- bitcoind in p2p traffic is exchanging information about asks/bids (alongside of the block information)
- this information is encrypted with a public mtgox key
- some random/unknown node (impossible to locate), with changing IP is a real mtgox node which has private mtgox key, this is the mtgox node which can perform the transaction and make them really happen
- whenever you place ask/bid it is propagated through the p2p network
- whenever a transaction is made, the mtgox node authorises it with its private key and propagates the transaction to p2p network
- whenever mtgox node gets ddosed it simply changes IP

- for example after starting bitcoind you will just connect to http://localhost:1234 and are presented with basic web interface for trading:
+ you can login with your mtgox credentials (which are beforehand distributed in whole p2p network in encrypted form, confirmed with mtgox private key),
+ you can create a new account on mtgox server and this request as soon as will reach mtgox node will be processed
+ and all other functionality of mtgox.

If done right, with public/private mtgox key pairs it should be impossible to break, and impossible to ddos.

In fact this interface can be used for ALL exchange sites, it's just each of them will be using a different private/public key pairs.

Trading will be as fast as it needs to distribute new transaction in whole p2p network.

how do you think?

Okay, I hope that we will overcome DDoS!

installing new server, stuff will be back shortly~

No wonder we are running out of static IPv4 IPs when so many of them are used for something like this.

Dang!  That's even longer than my Minecraft ban list!