Bitcoin Forum

.

Meh, tons of people swarmed on bitcoin in the last week, no one was ready for that. You can't double your servers in so few days.

Yeah its shameful to say the least. This market is a joke right now in the eyes of big investors. It will be funny money until we show we can handle worldwide load. We cant even handle the niche market trying to get into Bitcoin.  :-\

Yet again a big name media type who knows nothing about the alternative markets in the bitcoin universe - this is actually as big a problem as MTGox are!

Actually you can.

You just need to be hosting with a provider that can scale virtual instances like it was 2013 and not 1996.

But then again, that's only for the grownups.

It would seem to me that anyone who had their website in international media would automatically upgrade their servers to Amazon EC2 but sometimes, common sense just doesn't seem that common!

I'm no defender of Mt. Gox but they are in Japan for a reason.  Renting servers from a US based company could bring problematic legal issues.  Although, coinlab seems to have found a way around it.  Unfortunately the last I saw, they don't plan to come online with Mt. Gox until 2014.

I hate cynics but Lol...

Well if it's unacceptable, then start your own exchange and do better.

Problem solved.

I concur.

Only a matter of time until a proper exchange is established.

+1

I've only casually picked up some (possibly mis-)understanding over the years, but:

1)  I believe that much of the infrastructure that Mt. Gox uses runs under Tiabans which Krapeles had going before he bought Mt. Gox, and much of it is co-located in the US.   Including the forum upon which I am tapping out this note just now.

2)  For all intents and purposes, Japan is a vassal of the US.  If we say jump (or 're-start those fucking nuclear reactors'), the Japanese's only acceptable response is 'how high?'

3)  Mt. Gox operates completely at the pleasure of Proxais...at least when the going gets tough.  And they, like many other critical infrastructure companies, will dance to the tune that the US government calls.

4)  Sufficiently motivated (usually be graft) the US has no trouble bringing huge swaths of the Internet to a full stop.  As Kim Dotcom about how that works.

Sorry for the multiple SIC in names.  I am to lazy to look things up right now.

But it needs addressing and it is being addressed. Centralization of decentralized bitcoins is a contradiction.