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Title: MtGox unreliable? Post by: misterbigg on August 19, 2012, 01:36:23 PM MtGox is basically the largest exchange. It's bigger than all the other exchanges put together and accounts for some absurdly high percentage of all BTC currency conversions.
So why is it that every time volume peaks they have some problem with their service? Now it seems the order book is stuck. And the last two days, order processing has been slow. What gives? They certainly aren't lacking for cash... Title: Re: MtGox unreliable? Post by: epetroel on August 20, 2012, 04:07:52 AM Yup, seems their API has been down all day. And of course no announcements on the forum or on their site.
Title: Re: MtGox unreliable? Post by: tvbcof on August 20, 2012, 05:19:56 AM MtGox is basically the largest exchange. It's bigger than all the other exchanges put together and accounts for some absurdly high percentage of all BTC currency conversions. ... On must assume that Mt. Gox cooperates fully with any government investigative body (whether it is the case or not.) It is also rational to believe that a relatively high amount of activity surrounding the use of Bitcoin involves people who are involved in activity which is of interest to various governmental investigative bodies. As evidenced by how many people get scammed, it can also be noted that a fair fraction of the users of Bitcoin lack the knowledge or basic native intelligence to utilize Bitcoin in a truly anonymous way no matter what they might be using it for. These things taken together (with the observation in the OP) give the Bitcoin system and ecosystem the potential, at least, to be a truly remarkable honey-pot. I often wonder if this is some of the reason Bitcoin has gone on as long as it has without being terribly molested by law enforcement. Indeed, some of the members of the U.S. legislature who were once vocal in opposition to Bitcoin seemed to have clammed up and even more interestingly it seemed that for a good portion of the previous year a lot of the mainstream coverage of Bitcoin was surprisingly positive...in my reading of it at least. Title: Re: MtGox unreliable? Post by: bitlane on August 20, 2012, 05:35:20 AM CIA are being fed funds for Non-Oversight Black Ops missions, from Pirate.
The Bitcoin Economy is a good place to get that last $100,000 needed for a few more AK-47s or Russian RPGs. Title: Re: MtGox unreliable? Post by: tvbcof on August 20, 2012, 05:46:27 AM CIA are being fed funds for Non-Oversight Black Ops missions, from Pirate. The Bitcoin Economy is a good place to get that last $100,000 needed for a few more AK-47s or Russian RPGs. I doubt that the entire Bitcoin economy would amount to more than a spec of dandruff compared to the haul from just the narcotics operations. At this point anyway. Going forward it would surprise me very little if Bitcoin were not able to play a useful role in moving value around, but the Bitcoin economy would have to grow significantly before that were to happen. Title: Re: MtGox unreliable? Post by: Herodes on August 20, 2012, 07:03:31 PM MtGox is basically the largest exchange. It's bigger than all the other exchanges put together and accounts for some absurdly high percentage of all BTC currency conversions. So why is it that every time volume peaks they have some problem with their service? Now it seems the order book is stuck. And the last two days, order processing has been slow. What gives? They certainly aren't lacking for cash... Relax, being goxed is not fatal. |