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Topic: MTGox vs mysterious Russia - page 7. (Read 35979 times)

hero member
Activity: 644
Merit: 502
May 02, 2011, 04:41:14 AM
#43
Seems like we really need a decentralized exchange.

Yes, we do really need that. What's the point of having a p2p currency if we have to rely on centralized server to exchange it with other currencies.

We need a p2p forex market for btc. Who's up for this?
I think to an extent it's our own fault - we treat MtGox as the primary exchange for *all* currencies, though it only handles USD. During the recent rally we were calling GBP parity based on the GBP/USD rate and the MtGox USD rate: we were ignoring the GBP exchanges.

I'm tempted to mention bitcoin-otc, but that, of course is (a) an over-the-counter system, not an exchange, and (b) is also somewhat centralised (one website, one IRC server - correct me if I'm wrong). Could bitcoin-otc, or something similar, function on Diaspora? My thinking is, and I've used Diaspora for all of 30 seconds, is that we sign up to various decentralised Diaspora pods (multiple pods mean that the system can't be taken down simply by taking down one pod/server in one jurisdiction) and then create an "aspect" for trading bitcoins, and friend (I think Diaspora calls it "sharing") other bitcoin traders.

This doesn't solve the decentralised exchange issue, but does create a decentralised platform for bitcoin trading.

...or am I just providing a solution to a problem that doesn't yet exist?
hero member
Activity: 868
Merit: 1000
May 02, 2011, 04:31:48 AM
#42
Seems like we really need a decentralized exchange.

Yes, we do really need that. What's the point of having a p2p currency if we have to rely on centralized server to exchange it with other currencies.

We need a p2p forex market for btc. Who's up for this?
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
May 01, 2011, 05:13:04 PM
#41
It seems that someone wanted to reduce the exchange rate to buy bitcoins cheaper. Undecided
hero member
Activity: 840
Merit: 1000
May 01, 2011, 02:28:35 PM
#40
MagicalTux, are you sure it was a DDOS? Your site was featured on the main page of hacker news for half a day, that means A LOT of traffic:

http://news.ycombinator.com/item?id=2501006

Usually it's called "slashdotting": http://en.wikipedia.org/wiki/Slashdot_effect

When bitcoin.org is featured on the HN, it's always down Smiley

On IRC, MagicalTux described the type of requests made and it was clearly a DDoS (SYN flood etc).  The requests also originated overwhelmingly from Russian and Vietnamese Ips.
member
Activity: 98
Merit: 13
May 01, 2011, 02:27:26 PM
#39
MagicalTux, are you sure it was a DDOS? Your site was featured on the main page of hacker news for half a day, that means A LOT of traffic:

http://news.ycombinator.com/item?id=2501006

Usually it's called "slashdotting": http://en.wikipedia.org/wiki/Slashdot_effect

MagicalTux runs an ISP, and is well aware of what slashdotting is.

legendary
Activity: 1764
Merit: 1002
May 01, 2011, 09:36:49 AM
#38
For info ddos has stopped.

I will still move activity to a more proofed server once I find one that fits all the requirements.

cmon Mag, still waiting
newbie
Activity: 31
Merit: 0
May 01, 2011, 09:17:40 AM
#37
MagicalTux, are you sure it was a DDOS? Your site was featured on the main page of hacker news for half a day, that means A LOT of traffic:

http://news.ycombinator.com/item?id=2501006

Usually it's called "slashdotting": http://en.wikipedia.org/wiki/Slashdot_effect

When bitcoin.org is featured on the HN, it's always down Smiley
legendary
Activity: 860
Merit: 1021
May 01, 2011, 09:12:07 AM
#36
Seems like we really need a decentralized exchange.
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
May 01, 2011, 05:36:27 AM
#35
The end result will BENEFIT MtGox AND us all.
Yeah, I think so too. I hope that we all will benefit even from that bad event. Cheesy
vip
Activity: 608
Merit: 501
-
May 01, 2011, 04:22:18 AM
#34
For info ddos has stopped.

I will still move activity to a more proofed server once I find one that fits all the requirements.
newbie
Activity: 8
Merit: 0
May 01, 2011, 04:08:12 AM
#33
seems like this is a problem we'll all face.  would you mind posting what you're doing, provided it won't help btcex evade?

Can you post the list of IP so those of us who run other bitcoin-related websites can block them?

It's disappointing to know people like this have already found our community; particularly so when I use AWS and get charged per-usage
legendary
Activity: 1764
Merit: 1002
May 01, 2011, 01:49:21 AM
#32
everythings good in my acct so i'm happy Cheesy Cheesy
legendary
Activity: 1764
Merit: 1002
May 01, 2011, 01:41:13 AM
#31


you're talking to a non hacker.  explain.

If you're getting the check back in 5 minutes error that's normal still heavy trafic what error are you getting exactly?
[/quote]

actually i'm in now but was getting error "load avg still too high"  or something like that.
[/quote]

way to go MagTux.  i still want instructions in my email executed right away.
full member
Activity: 238
Merit: 100
May 01, 2011, 01:40:56 AM
#30
Yeah that's normal don't worry should be more responsive as time passes.
legendary
Activity: 1764
Merit: 1002
May 01, 2011, 01:39:37 AM
#29


you're talking to a non hacker.  explain.
[/quote]

If you're getting the check back in 5 minutes error that's normal still heavy trafic what error are you getting exactly?
[/quote]

actually i'm in now but was getting error "load avg still too high"  or something like that.
full member
Activity: 238
Merit: 100
May 01, 2011, 01:34:27 AM
#28
Quote

you're talking to a non hacker.  explain.

If you're getting the check back in 5 minutes error that's normal still heavy trafic what error are you getting exactly?
legendary
Activity: 1764
Merit: 1002
May 01, 2011, 01:31:34 AM
#27
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?

Because it [almost] works. I still block when loadavg goes too high, but it somehow works.

so some ppl r getting into your site while most others, like me, cannot?

Are you accessing from a public network or is your ip compromised?

you're talking to a non hacker.  explain.
vip
Activity: 608
Merit: 501
-
May 01, 2011, 01:30:17 AM
#26
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?

Because it [almost] works. I still block when loadavg goes too high, but it somehow works.

so some ppl r getting into your site while most others, like me, cannot?

Are you accessing from a public network or is your ip compromised?
legendary
Activity: 1764
Merit: 1002
May 01, 2011, 01:27:35 AM
#25
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?

bitcoincharts.com last trade  $3.57/BTC
Thanks for the tip.  Smiley

yeah, least its UP

BTC=teflon currency
legendary
Activity: 2100
Merit: 1040
A Great Time to Start Something!
May 01, 2011, 01:25:08 AM
#24
last 50 min about 2 dozen trades since stoppage

From Mt Gox
Last Price: 3.6948 High:4.15 Low: 2.75 Volume: 62903
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