And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33955. (Read 26503358 times)
April 21, 2013, 01:11:26 PM
April 21, 2013, 01:05:40 PM
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough? They simply pull the plug if a selloff is on the horizon.
Nobody except the suckers who can't get out believes it any more.
They might have better tools of predicting that though.
A watchlist for the largest BTC holdings and when they log in?
I don't really like coming up with stuff they can potentially do, but just taking their word for granted isn't either for me.
What kind of sell off do you think they are trying to prevent though? There have been quite a few ~BTC5k sell offs in the past few days that recovered fine
April 21, 2013, 01:01:09 PM
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough? They simply pull the plug if a selloff is on the horizon.
Nobody except the suckers who can't get out believes it any more.
They might have better tools of predicting that though.
A watchlist for the largest BTC holdings and when they log in?
I don't really like coming up with stuff they can potentially do, but just taking their word for granted isn't either for me.
April 21, 2013, 12:55:50 PM
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough? They simply pull the plug if a selloff is on the horizon.
Nobody except the suckers who can't get out believes it any more.
April 21, 2013, 12:53:37 PM
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe". April 21, 2013, 12:30:27 PM
No wonder people don't want to buy on bitstamp right now, there's nothing for sale lol
April 21, 2013, 12:06:01 PM
Quote from: MtGox
April 21, 2013, 11:59:11 AM
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough? They simply pull the plug if a selloff is on the horizon.
Nobody except the suckers who can't get out believes it any more.
April 21, 2013, 11:54:58 AM
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab and CoinSetter arrive, and before BitStamp gets bigger. Once there is more than one big exchange, DDoS of any one will have much less effect. Meanwhile the entire system grows stronger every time it is attacked, with the attackers being rewarded for their services in strengthening the system, effectively paving the way for further growth.
Without the attacks that have been occurring at a billion-dollar market cap, Bitcoin wouldn't be ready for the kinds of attacks that will come at ten and a hundred billion dollars.
Without the attacks that have been occurring at a billion-dollar market cap, Bitcoin wouldn't be ready for the kinds of attacks that will come at ten and a hundred billion dollars.
April 21, 2013, 11:52:29 AM
UPDATE: This again appears to be another strong DDos attack. We are working hard to overcome it and will update when possible. It's currently 2am in Japan so please forgive us if our Facebook/Twitter updates are not as quick, though the team is certainly not taking any breaks. We're very much looking forward to implementing a much stronger solution very soon and will make an announcement to that effect once it's in place.
https://www.facebook.com/MtGox
https://www.facebook.com/MtGox
Quote
Scott Murphy Stop fucking with our coins
2 · about a minute ago via mobile
Dmitry Morozhnikov A plain lie. It was not look like ddos.
2 · 2 minutes ago
2 · about a minute ago via mobile
Dmitry Morozhnikov A plain lie. It was not look like ddos.
2 · 2 minutes ago
It seems people stop eating the crud.
April 21, 2013, 11:50:05 AM
UPDATE: This again appears to be another strong DDos attack. We are working hard to overcome it and will update when possible. It's currently 2am in Japan so please forgive us if our Facebook/Twitter updates are not as quick, though the team is certainly not taking any breaks. We're very much looking forward to implementing a much stronger solution very soon and will make an announcement to that effect once it's in place.
https://www.facebook.com/MtGox
https://www.facebook.com/MtGox
April 21, 2013, 11:46:16 AM
So is this more blatantly-obvious manipulation? DDOS Gox and then dump on other exchanges? Then let the panic set in.
April 21, 2013, 11:39:00 AM
Stop whining and use another exchange already.
+1 April 21, 2013, 11:23:26 AM
Stop whining and use another exchange already.
What other exchanges are there?!
Btce is infested with java exploit links and its based in russia. Could use Bitstamp but they might be overwhelmed and get their bank account shut just as it happened with bitfloor, bitcoin24.
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp are already unprepared for high volumes of transfers ... when it dumped it took 3 days to get my money in. When things quietened down it was there in less than 24 hours.
April 21, 2013, 11:21:52 AM
Stop whining and use another exchange already.
What other exchanges are there?!
Btce is infested with java exploit links and its based in russia. Could use Bitstamp but they might be overwhelmed and get their bank account shut just as it happened with bitfloor, bitcoin24.
I never ever used mtgox, only bitfloor and bitstamp. More variety is good, but mtgox is just unstable and has a crappy UI so I stick to bitstamp now.
April 21, 2013, 11:21:15 AM
LOL, Btc-e.
I guess Gox will follow when it re-opens... *sigh*
I guess Gox will follow when it re-opens... *sigh*
April 21, 2013, 11:20:41 AM
If this goes on I think it will badly damage confidence and the price will go down down down maybe 47.
I definitely not a good thing for Bitcoin. Not saying the price should crash now as a result, just stating the obvious ... that the unreliability, inadequacy and incompetence of the main exchange is not a good advert and makes them vulnerable.
Be very surprised if some of the 'smart money' sitting on the sidelines at the moment is not seriously considering taking a run at them. TBH after all that has just happened, I think that would probably be the best trade at the moment. And the best thing for Bitcoin.
It may be a good business, but is a minefield of strict government regulations, hacker attacks, and being at the mercy of bankers. I know I would never do that business. You can gain, but you can lose it all without notice if some bureaucrat wakes up badly and shuts you down.
I hear you, but without a stable exchange infrastructure, the big bucks are not going to truly flow in, in my opinion
April 21, 2013, 11:19:24 AM
This doesn't look good at all on BTC-e 
April 21, 2013, 11:18:16 AM
Stop whining and use another exchange already.
What other exchanges are there?!
Btce is infested with java exploit links and its based in russia. Could use Bitstamp but they might be overwhelmed and get their bank account shut just as it happened with bitfloor, bitcoin24.
April 21, 2013, 11:18:00 AM
What the heck is going on? I went to sleep and the price was $125/BTC. I wake up 6 hours later and the price is $125/BTC!!!!!!
This is madness!
This is madness!
Nope, sir. It is already 102$ on btc-e, the major (working) BTC exchange.
Or $117 on bitstamp. Btc-e has always been way lower than all other exchanges.
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