Bitcoin Forum

The idiocy of Mark Karpeles managed to hurt Bitcoin really badly in 2011. His inability to secure his own system costed Bitcoin a crash that took months to recover from.

Now the piss poor coding of his site shows every time there is a MILD run and volume.

Bitcoin Volume is growing exponentially by bits and bounds. Institutional customers getting interested in some real trading. New people pooring money into the ecosystem every week.

What is going to happen to this awful code in a few weeks/months when the volume quadrupled or tripled? This is the heart of Bitcoin (like it or not) and things don't look good right now.

Mark Karpeles is a hack, we all know that. It will be interesting to see how this all plays out.

Discuss! :)

1. Do it better yourself and built a top-notch trading site

2. Use another exchange

I wonder how the market will change. Will people switch over to other exchanges now that MtGox failed on them? Would be great to see this kind of 'decentralization' happening when people spread out to multiple exchanges again.

who cares, if gox goes down another exchange will emerge. relax and enjoy the ride.

There is nothing wrong with expecting and demanding quality from the top exchange. They set the bar for the entire community and for the media. This thread shouldn't even exist because it shouldn't be a problem.

yea, whats the use of even having the btc value at the top of their site when its not even correct?  are we just supposed to guess how much coins are worth?   something has been smelling fishy with this for a while now.

I agree, but the end result is to vote with your feet or to build a better exchange yourself. Of course, a crashing MtGox will not be favourable to Bitcoin in the short run, but in the long run it will lead to better stuff.

You can see the evolution already taking place with other exchanges front running MtGox nowadays. MtGox's days are already numbered like a Netscape Navigator if they do not improve soon. Indeed, just relax and enjoy the ride.

I recommend Bitstamp. Seems to attract many of the European users.

Drawback might be that they would not be prepared to handle an influx in the amount of users, thus getting to a point where they also become unstable.

It won't stay a problem.  Either Gox will get their shit together or people will finally understand momentum is the only reason people use Gox.  I'm hoping for the latter so we can have a more decentralized exchange environment.

+100, quick support, reliable and often same day SEPA, well designed website...and a constantly growing userbase and volume.

For europe in EUR: https://bitcoin-24.com

rocks!  ;D

All of these problems with Gox today make me wonder how this fits in to the Coinlab plans.
Are the problems cause because of the changeover process? Will things go fubar when they switch over..or will it be better? I do wish the exchanges were more decentralized too.

Your response is idiotic. Linux is a million times better OS than windows, but will never have market share like windows, why? because windows was the first (commercially viable, etc.). BE THE FIRST, BE ON TOP FOR A LONG WHILE.

Bistamp is a good engine I believe, but GOX will continue to dominate, because it is the Windows of the Bitcoin exchange. They own the market, and Karpeles will bring bitcoin down with him.

All coinlab is going to do, in my understanding, is facilitate americans to move money in and out of GOX. The sucky engine and trading will stay the same.

In fact, this is going to be worse because it will bring MUCH more volume to the trading engine.

Yes, Gox will be practically useless without an upgrade.

I have to agree not being about to trade your coins suck  f     mtgox

I must say that Bitstamp was also lagging for me, but not as bad as Mt.Gox.

Mark Karpeles @MagicalTux

"MtGox dealing with its most serious DDoS since more than a year ago. Site is up but some parts are still down."

https://twitter.com/MagicalTux

It does certainly seem like a coordinated attack with so many things going down at once and the selloff of very large amounts. Someone is laughing at the panic somewhere..and laughing all the way to the bank.

Then he should stop trading, but he systematically refuses to do so. In fact, he claims DDOS every time there is a sell off sparking a huge lag.... The man is an imbecile.

Nevertheless, there is a rapidly growing profit opportunity for people to DDoS MtGox when they want to buy in.

...And other such attacks. We better get used to them (for one, but diversifying in exchanges).

Let's swap the hamster that runs Gox's servers with the plutonium that runs Helicopter Ben's printing press.

If you really know what this bold word means, you'll think they have done a pretty good job.

Not that I was around, but as far as I can gather it's not just a recent problem.

In the interests of fairness, for anyone who might read this later and not know what happened...

The excessive lag on this occasion was caused by a DDOS, and was suffered by other exchanges too.

My statement above still stands, but Mt Gox think they know what is causing the slowness and are working to fix it.

AAAANNNNDDDDD Fucking Gox just exploded!! More than an hour lag . Once again, Mark Karpeles and his team of hamsters suck immense camel balls!

you know that the euro trading engine is the same as the usd engine?

you can see this because the lag on both is always the same

got some poor coding skills there at MtGox

but they dont give a shit as they are raking millions per day :D they wont fix it until that status quo is in danger

They just cant keep up with demand. You should be happy about this problem. Unless your only interest is in "cashing out". In which case the problem is with your strat.

EDIT: Didn't realize this thread was a bit older.

Yeah they just don't give a shit. Mark Karpeles is a failed coder that inherited GOX overnight, and has no fucking clue what to do with it, neither technologically or business wise.

AND this is the biggest Bitcoin exchanger, and the most public face for it. It is really fucking scary.

LOL  i love how Mark said its DDOS b4 (practically whenever his exchange got shitty lags)

And now a REAL DDOS hit, his site is frozen.

What a Piece of work there Mark!

mark is a millionaire thx to bitcoin

you are not

Way to reply with a comment that has no point on the topic.

My dick fuck millions girls,

Your dick is a virgin.

If you want a "cum back", go scrap your mom's teeth

Carry on

Wow, it really is true the higher the price gets the more manic and retarded people become.

loled