Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 33646. (Read 26713542 times)

Quote from: Ares on May 21, 2013, 08:50:50 PM

Cool. When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

Fitty that cracked me up, thanks for the perfect response to the most retarded comeback to Gox criticism that is thrown around these parts Grin

Sorry, I can only take so many YEARS of bitching and moaning about the same shit before I get sarcastic. You've only had to put up with it for 3 months, so you probably have some patience left. If he had added anything new, I wouldn't complain, but every point he brought up has been beat to death.

ChartBuddy

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MickeyT2008

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Haven't seen one of these posted in a while:

+1 On topic!

Ares

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Haven't seen one of these posted in a while:

notme

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Quote from: fitty on May 21, 2013, 08:06:37 PM

Quote from: old_engineer on May 21, 2013, 07:56:58 PM

Quote from: old_engineer on May 21, 2013, 07:56:58 PM

Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low.

Agreed, they're slower by orders of magnitude than they should be. A friend of mine works for a company that designs & programs custom hardware used by these high speed traders. Order are processed in 1-10 microseconds, not tens of milliseconds. The kicker is that they're been slow for years, which is inexcusable. And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp. I hope the exchange spread lasts until funds arrive.

Thank you.

Plenty of single server databases can do 1000s of queries a second. They've made millions. WTF. Anyone who has done any works on databases, should realize there's a huge problem when the trading engine lags 1 minute, 5 minutes, 10 minutes? Huh?

To show how bad it is, here's a simple example of how you can lag the fuck out of MtGox.

Break MtGox Engine

The fact this works, shows how poorly the whole setup is designed. But wait, I don't own an exchange, I should just be quiet. Despite the fact it's PAINFULLY obvious Gox is a pile of shit. And NotMe should change his sig because he doesn't have a clue about programming, or math. Sorry, you just don't.

LOL... when did I comment on programming or math in this thread? I agree that MtGox is crap, but complaining about it doesn't do any good.

Ad hominems don't make you right, and when they are baseless, they hurt your credibility.

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528BTC wall moved back to $121 now

TheKoziTwo

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They are working on a new trading engine atm, when it's released perhaps you will finally get your ultra fast trading fantasy fulfilled. The only thing they have done so far is to upgrade their servers.

And if they never manage to improve their engine, well, then it's reasonable to assume they will eventually lose their market share isn't it? and when they do you'll still get your trading fantasy fulfilled. It's a win-win situation. Wink

Patience... patience my friend... and if you can't wait for someone else to do all the dirty work, you know what you're free to do.

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510BTC bid wall at $121 now moved to $122

fitty

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Quote from: Frozenlock on May 21, 2013, 08:00:40 PM

Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low.

Agreed, they're slower by orders of magnitude than they should be. A friend of mine works for a company that designs & programs custom hardware used by these high speed traders. Order are processed in 1-10 microseconds, not tens of milliseconds. The kicker is that they're been slow for years, which is inexcusable. And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp. I hope the exchange spread lasts until funds arrive.

Thank you.

Plenty of single server databases can do 1000s of queries a second. They've made millions. WTF. Anyone who has done any works on databases, should realize there's a huge problem when the trading engine lags 1 minute, 5 minutes, 10 minutes? Huh?

To show how bad it is, here's a simple example of how you can lag the fuck out of MtGox.

Break MtGox Engine

The fact this works, shows how poorly the whole setup is designed. But wait, I don't own an exchange, I should just be quiet. Despite the fact it's PAINFULLY obvious Gox is a pile of shit. And NotMe should change his sig because he doesn't have a clue about programming, or math. Sorry, you just don't.

TheKoziTwo

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Cool. When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

You can comment all you want.
Meanwhile, they are there and making money.

If things were this simple, they would have been out-competed years ago.
Or you have an incredible business opportunity.

So... when is your exchange launching? Grin

ChartBuddy

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Frozenlock

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Cool. When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

You can comment all you want.
Meanwhile, they are there and making money.

If things were this simple, they would have been out-competed years ago.
Or you have an incredible business opportunity.

So... when is your exchange launching? Grin

old_engineer

sr. member

Activity: 387

Merit: 250

Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low.

Agreed, they're slower by orders of magnitude than they should be. A friend of mine works for a company that designs & programs custom hardware used by these high speed traders. Order are processed in 1-10 microseconds, not tens of milliseconds. The kicker is that they're been slow for years, which is inexcusable. And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp. I hope the exchange spread lasts until funds arrive.

BitcoinAshley

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Cool. When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

Fitty that cracked me up, thanks for the perfect response to the most retarded comeback to Gox criticism that is thrown around these parts Grin

fitty

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Cool. When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

notme

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