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Not that I see much interest, but the website is back up now.
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Mtgox might be back but the LR withdraw function is broken again. Which isn't too surprising since the LR withdraw function has worked only 2 twice out of the 50+ times I've tried it. You always blame the LR withdraw being broken on LR's API but mtgox is your website and therefore it is your responsibility to make sure it functions as advertised. When you advertise that people can sell bitcoins for LR and then that functionality doesn't work it is very deceptive. You should at least let people know on the front page of your site when the LR withdraw isn't working that way people don't waste their time, and bitcoins/money. Another, alternative would be to do the LR withdraws manually when the automatic withdraw isn't working. I would also suggest looking into other e-currencies so that people have more options. If you keep mtgox is this perpetual state of reduced functionality eventually someone else is going to make a website that works and you will lose my business and everyone else that doesn't want to wait to withdraw their money.
Also, please no one tell me I should use the bank wire instead. First off, I am in the USA so the minimum is $800 which I don't always have in my mtgox account. Even if I did bank wire isn't a good option for me.
How about you go and program your own exchange? |
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OKay, everything is intact. They tried to inject some code to our mysql database, but they did not succeed. The database was not compromised, the coins are safe as well.
I am going to publish the list of IPs later on. I am going to bring the server back on line once I put in some additional security measures. I didn't expect an attack that quickly.
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Sorry, can someone move this topic to the relevant section? Thanks
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I just came back from the college to find that bitmarket.eu got down. Going through the firewall and apache2 logs clearly indicates someone performed an attack. I am going to examine the logs closely within the next hour or so. Also, the bitcoin.org website was coming and going today. Are we under some general attack against Bitcoin related websites?
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Dang! That's even longer than my Minecraft ban list! No wonder we are running out of static IPv4 IPs when so many of them are used for something like this. |
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It would be very difficult. While it is possible to code an exchange using a distributed database system (although pretty difficult imo) and just spread this code onto a number of servers, the bank account accepting funds would have to be central. Such a system perhaps would solve the DDoS problem, but not the future problem where the bank account gets shut down by government or something. Hm, maybe it wouldn't have to be central, but the withdrawals would be pretty difficult to organize I think.
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Going back to the subject, we simply need a decentralized solution, as the topic says. If Wikileaks can have their servers everywhere - why can't Bitcoin? There are so many geeks here we surely could come up with something. Besides, the more exchanges the better; some people blame mtgox for being a monopolist (I know this is an exaggeration). Why don't they go ahead and create their own exchange? Instead of complaining just do something.
All these attacks only prove how much we depend on mtgox, we should learn from this and get ourselves together to come up with a decentralized system.
The other night I was thinking about it and come to a conclusion that we need something portable and universal, so that anybody can download it and run it. This piece of software would connect and sync to other nodes and anybody wanting to trade could connect any of these nodes. Unfortunately I don't have the knowledge to implement such system. Is it even feasible? Satoshi! Come back, man. |
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Going back to the subject, we simply need a decentralized solution, as the topic says. If Wikileaks can have their servers everywhere - why can't Bitcoin? There are so many geeks here we surely could come up with something. Besides, the more exchanges the better; some people blame mtgox for being a monopolist (I know this is an exaggeration). Why don't they go ahead and create their own exchange? Instead of complaining just do something.
All these attacks only prove how much we depend on mtgox, we should learn from this and get ourselves together to come up with a decentralized system.
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I don't think it's a coincidence that CoinPal and Morpheus had their accounts frozen at roughly the same time. Paypal is afraid of somethinig.
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I thinking de-linking the USD part from the other makes sense in that if the USD part gets shutdown you'll still be operational with the Euro side of it. But fragmenting a business at such an early stage is not advisable.
If you can somehow keep them under the same umbrella from the customer point of view (single point of contact on web, same website, address, etc) but have them split legally so that a shutdown of one does not affect trading of the other is the ideal solution.
Yeah, the USD will only be available for the Paypal option and with that - we will have nothing to do with the money transfers. I don't see how matchmaking buyers and sellers without making any profit is a crime (unless BTC are made illegal in the EU). By the way, does anyone know what has to happen for BTC to be recognized as a currency (because then I don't think we would be allowed to run such a website)? The bitcoin IS a currency, the only thing needed to make it legally a currency (so that it can be regulated) is some idiot... Of course, since the bitcoin is decentralized (for the most part), you would still be able to continue the bitcoin side of things because it's tough to track and such... That's what I meant. So you say as long as this idiot doesn't turn up it is not a currency by the same terms as EUR, GBP? |
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I have a handful of older games, and always kept the boxes/manuals for them. The only two I can think of off the top of my head are Indy Car Racing II and StarSeige, but I know I have others. Let me know if you're interested. Boxes probably aren't in that great of shape, but I know I have them.
I would be mostly interested in adventure/rpg games from the 90s and the 80s. But also some other classics like Doom, Wolfenstein, Heretic and many others. If you have a list please pm me. |
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How would one go to prove that they are a member of bitcoinmarket.com? I would like to join your site once PayPal has been implemented!
Very easily: If you email me from your email address that you have registered there with then I will check your history with David from BitcoinMarket.com and that's it. |
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I thinking de-linking the USD part from the other makes sense in that if the USD part gets shutdown you'll still be operational with the Euro side of it. But fragmenting a business at such an early stage is not advisable.
If you can somehow keep them under the same umbrella from the customer point of view (single point of contact on web, same website, address, etc) but have them split legally so that a shutdown of one does not affect trading of the other is the ideal solution.
Yeah, the USD will only be available for the Paypal option and with that - we will have nothing to do with the money transfers. I don't see how matchmaking buyers and sellers without making any profit is a crime (unless BTC are made illegal in the EU). By the way, does anyone know what has to happen for BTC to be recognized as a currency (because then I don't think we would be allowed to run such a website)? |
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Also, if all the money is held by an account of your bank we additionally have to trust your bank not to freeze the funds for whatever reason.
The funds will be fine. I have some solicitors hired to make sure everything will be a 100% legal so no one is going to freeze anything, that's why the system is not in place yet (didn't want to take any risks). BitMarket is going to become a Limited company with full address and Terms and Conditions on the site. |
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Both options sound fine to me, but I'm not sure whether it makes sense to split it.
Would you need to introduce fees when implementing the second option ?
There would be fees for withdrawing EUR from us and a limit of minimum 10€ per withdrawal since the bank I am going to use charges a fee for sending a SEPA transfer (yes, Poland sucks). The reason we want to use this particular bank is that there is an API and the payments could be automated. I don't think we would be charging anything for transfers within the exchange; even if, I don't see a fee higher than 0.5-1%. For the time being, it will remain free for sure. |
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We are considering splitting the site in two:
- one: leaving the payment methods and arrangement to the seller and buyer the way it is now (plus the Paypal verification feature we're working on and the feedback system etc). This one would accept USD, AUD and whatever else currencies that people require since we wouldn't be involved in the money transfers in any way.
- second: accepting EUR deposits and doing trades the mtgox way in real time. This one would not accept USD - only: EUR, GBP, PLN and CHF
What do you guys think of this, does it make sense to split bitmarket like that? I don't see liquid trading together with payments taking ~3 days on the same site; the graphs would be all over the place and there would probably be some confusion, but I could be wrong.
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