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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 83. (Read 1811564 times)

sr. member
Activity: 448
Merit: 250
You clearly think there is some DDOS activity going on, and yet there is no independent evidence of this. It seems rather convenient that these DDOS events did not strike when Bitcoin was soaring, and yet seem epidemic now that the exchanges are having difficulty reinflating the bubble.

Let me explain to you how markets work, since you obviously do not understand. You see, there is this thing called an "incentive." It's like when you were in high school (so, last year) and you were failing economics class and so your mommy said "Revans, if you get at least a C+ in economics, I will raise your allowance by $2.50 a week."
Needless to say, your allowance never got raised.
We don't have independent evidence because the owners of MtGox and Bitstamp and Virtex don't let us log into their admin accounts and check their bandwidth monitoring tools. I'm not sure why they won't let us do this, Revans; maybe you should ask nicely?
However, we do have a clear motivation for someone who is planning a DDoS attack:
(1) Speculators who can DDoS following a massive sell order, making the resultant cascade many times as large as it would have been due to lag panic and resultant high volume
(2) Entire industries that would cease to exist or be significantly downsized were P2P cryptocurrencies (not Bitcoin necessarily, just the skeletal concept of P2P cryptocoins) to succeed on any large scale.

(2) is obviously only a minor consideration at this point and is more of a tip-of-the-tin-foil-hat, but we still have two clear motivations for someone to perform a DDoS.

Now, I agree that blaming all this on a DDoS is extremely naive, which is why I am not doing it. And I agree that their infrastructure should easily be able to deal with both the volume AND the DDoS. But to stick your head in the sand and pretend that throughout all this exchange downtime, DDoSs have not been happening at all - is just as naive. As Wuji pointed out - SNMP graphs were posted - they could have been faked, yes - and Gox also paid a significant sum to hire one of the leading firms in DDoS protection.
 
All the signs point to DDoSs having been carried out - to (1) deny the incentive mechanisms (2) claim the SNMP graphs were faked (3) claim the hired firm was just a cover is a bit of a stretch, at this point you should probably be on Youtube watching Alex Jones and forgetting about BTC completely.
newbie
Activity: 56
Merit: 0
Your naivety is amusing.

A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.

Wow, you are an idiot, your idiocy is amusing, you have absolutely no idea what I said. You seem to think I am excusing the exchanges for being utterly incompetent? Perhaps I think that the exchanges are completely innocent and do not engage in price manipulation? You are a complete idiot and I suggest you STFU and stop putting words in my mouth. I merely mentioned DDoSes and I didn't even mention DDoSes at GOX. Are exchanges getting DDOS'ed? YES. Are they also utterly incompetent and operating below capacity? You can bet your britches they are. Did I say they aren't? No. Did you assume I did? Yes.

THIS IS A FREE MARKET AND INCENTIVE MECHANISMS ARE AT WORK. MTGOX MAKES MONEY DURING PANIC SELLS. OF COURSE they have a massive incentive to continue operating below capacity and causing massive panic sells. They make more money that way.
The only incentive they have to operate at or above capacity is to the extent that people will leave mtgox for better-performing exchanges, and this is simply not happening.

Again, you are an idiot, in this case I agree with you 100% regarding the incentive mechanisms at play here, yet you made assumptions and put words in my mouth. So I had to take you down a notch  Grin Grin Grin dumbass.


You retort is worth its weight in bitcoins

You clearly think there is some DDOS activity going on, and yet there is no independent evidence of this. It seems rather convenient that these DDOS events did not strike when Bitcoin was soaring, and yet seem epidemic now that the exchanges are having difficulty reinflating the bubble.

Well I think DDOS is probably real as there is an independent company helping Mt. Gox deal with. Also network admins last night posted SNMP graphs of switch ports that suddenly were getting massive gigabits of traffic.  Unlikely to be a sell of based on the graphs before it kicked off.  Looks like a DDOS however, exchanges deal with it all the time.  Mt Gox could architect and handle this better.  That can not be done in 12 hours though.
aop
newbie
Activity: 34
Merit: 0
Wow, so Gox is down again due to trading volume, BitFloor is on and off all day due to constant DDoS, and nearly all the other major exchanges are equally spotty due to either DDoS or volume.

But we're STILL holding in the $70-80 range!

Go bitcoin! Lol. Any other day and this behavior would cause panic sells en masse, but I think now people are finally desensitized to the shitty exchange infrastructure.

I can imagine the DDoS attacks are from both the 'powers that be' and from speculators who want to buy cheap coinz before it goes back up. Because there is some serious DDoS action going on, multiple exchanges, fun to watch.


Your naivety is amusing.

A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.
This. The higher they manage to keep the price and volume the more they make money by skimming from the top.
sr. member
Activity: 336
Merit: 250
Your naivety is amusing.

A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.

Wow, you are an idiot, your idiocy is amusing, you have absolutely no idea what I said. You seem to think I am excusing the exchanges for being utterly incompetent? Perhaps I think that the exchanges are completely innocent and do not engage in price manipulation? You are a complete idiot and I suggest you STFU and stop putting words in my mouth. I merely mentioned DDoSes and I didn't even mention DDoSes at GOX. Are exchanges getting DDOS'ed? YES. Are they also utterly incompetent and operating below capacity? You can bet your britches they are. Did I say they aren't? No. Did you assume I did? Yes.

THIS IS A FREE MARKET AND INCENTIVE MECHANISMS ARE AT WORK. MTGOX MAKES MONEY DURING PANIC SELLS. OF COURSE they have a massive incentive to continue operating below capacity and causing massive panic sells. They make more money that way.
The only incentive they have to operate at or above capacity is to the extent that people will leave mtgox for better-performing exchanges, and this is simply not happening.

Again, you are an idiot, in this case I agree with you 100% regarding the incentive mechanisms at play here, yet you made assumptions and put words in my mouth. So I had to take you down a notch  Grin Grin Grin dumbass.


You retort is worth its weight in bitcoins

You clearly think there is some DDOS activity going on, and yet there is no independent evidence of this. It seems rather convenient that these DDOS events did not strike when Bitcoin was soaring, and yet seem epidemic now that the exchanges are having difficulty reinflating the bubble.
sr. member
Activity: 448
Merit: 250


what he said! Smiley

never sold .. will only buy new.. sepa on the way


Moar funny graph plz
legendary
Activity: 2772
Merit: 1028
Duelbits.com
I just wish this bloody thing finally ends, I'm staring at my screen last 30 hours and being able to trade for not more than 2.
hero member
Activity: 602
Merit: 508
calm people... you should love each other.  Smiley
newbie
Activity: 28
Merit: 0
Is gox down again ? I see different prices at gox and bitstamp
sr. member
Activity: 448
Merit: 250
Your naivety is amusing.

A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.

Wow, you are an idiot, your idiocy is amusing, you have absolutely no idea what I said. You seem to think I am excusing the exchanges for being utterly incompetent? Perhaps I think that the exchanges are completely innocent and do not engage in price manipulation? I suggest you stop putting words in my mouth. I merely mentioned DDoSes and I didn't even mention DDoSes at GOX. Are exchanges getting DDOS'ed? YES. Are they also utterly incompetent and operating below capacity? You can bet your britches they are. Did I say they aren't? No. Did you assume I did? Yes. Did I make ANY statement in regards to the ratio of performance issues caused by DDoS vs undercapacity/incompetence/manipulation? No. Did you assume my opinion regarding said ratio? YES. When you assume, you make an "ass" out of "u" and "me." Do you get it? It's a funny joke. Ha, hah. Now don't do it again.

THIS IS A FREE MARKET AND INCENTIVE MECHANISMS ARE AT WORK. MTGOX MAKES MONEY DURING PANIC SELLS. OF COURSE they have a massive incentive to continue operating below capacity and causing massive panic sells. They make more money that way.
The only incentive they have to operate at or above capacity is to the extent that people will leave mtgox for better-performing exchanges, and this is simply not happening.

Again, you are an idiot, in this case I agree with you 100% regarding the incentive mechanisms at play here, yet you made assumptions and put words in my mouth. So I had to take you down a notch  Grin Grin Grin dumbass.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
these api problems are making me mad
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Something like

with x=time, y=price, z=MtGox lag would be awesome!  Grin
oh yeah, that's how i like it. welcome to the future of bitcoin
imagine that stuff in realtime without lag. i think I'd get epileptic shocks watching it.

It wouldn't look like that though. It'd be a single line.

I could be up for some stereoscopy, I just bought a 3D monitor.
sr. member
Activity: 411
Merit: 250


what he said! Smiley

never sold .. will only buy new.. sepa on the way
sr. member
Activity: 336
Merit: 250
Wow, so Gox is down again due to trading volume, BitFloor is on and off all day due to constant DDoS, and nearly all the other major exchanges are equally spotty due to either DDoS or volume.

But we're STILL holding in the $70-80 range!

Go bitcoin! Lol. Any other day and this behavior would cause panic sells en masse, but I think now people are finally desensitized to the shitty exchange infrastructure.

I can imagine the DDoS attacks are from both the 'powers that be' and from speculators who want to buy cheap coinz before it goes back up. Because there is some serious DDoS action going on, multiple exchanges, fun to watch.


Your naivety is amusing.

A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.
hero member
Activity: 700
Merit: 500
sr. member
Activity: 448
Merit: 250
Wow, so Gox is down again due to trading volume, BitFloor is on and off all day due to constant DDoS, and nearly all the other major exchanges are equally spotty due to either DDoS or volume.

But we're STILL holding in the $70-80 range!

Go bitcoin! Lol. Any other day and this behavior would cause panic sells en masse, but I think now people are finally desensitized to the shitty exchange infrastructure.

I can imagine the DDoS attacks are from both the 'powers that be' and from speculators who want to buy cheap coinz before it goes back up. Because there is some serious DDoS action going on, multiple exchanges, fun to watch.
sr. member
Activity: 280
Merit: 250
West coast waking up and selling.

full member
Activity: 128
Merit: 100
Anyway it is better to turn gox off for a moment. This shit just does not work.
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
well shit

this is boring

I'm gonna surf some Pron
full member
Activity: 226
Merit: 100
Market Cooldown: Orders will not be accepted for the moment as we need to upgrade our database to accommodate the trading volume.  However, you may still cancel your pending and open orders.  Trading will resume at 11.00 am JST.

What the hell, cooling down AGAIN?  Another nearly TWELVE hours?  This is a joke.  A complete joke

Well, i'll give it to ya'.
You made me place an order Tongue

I'm not lying, that's what it said, whether they put it up there on accident or not I don't know
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