Bitcoin Forum
September 25, 2024, 04:40:03 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 [60]
1181  Other / Beginners & Help / Re: Today's DDOS / MT.GOX manipulation observation on: April 11, 2013, 05:20:00 AM
I try to imagine this number. 75k accounts in 1 1/2 months and the following consequences.
The rise of created accounts is nearly the same as the exponential price gain of bitcoin in the last weeks.
(despite the drop today)

I'm really stunned by the way this whole experiment is gathering (i still see it as that, because imo the "real" big players are still not in the game and that time will come sooner than later)

I can't wait for the future of bitcoin and what (senseless?) attempts the governments and financial regulators will start to put it behind bars.
The comparison is perhaps kind of naive (i'm just a cgi artist, programming is not really my strength)
but if they really try to ban bitcoin with laws, is it possible to handle the bitcoin system in the same way the piratebay is secured?

Because the only other possibilities would point straight towards a kind of "regulated" (as said if that is even possible) sideway currency integrated into the existing market or bitcoins could only be traded via tax havens (which is perhaps kind of logical because in europe there's a beginning chase for tax refugees and these countries already are the shelter for most betting companies for example).

Perhaps i miss the point or I'm wildly speculating right now after my third cup of tea and 4th cigarette  Grin
but it could be that with the ongoing obsolescence of fiat money, tax refugees really start turning to bitcoins in the future (only as the price rises. right now bitcoins are not the best possibility to transfer such large amounts of money). For tax havens it's much more easier to get some servers running and trading bitcoins instead of doing the old phantom company style and trying to blur the money flow.

...it's kind of sad in a way but bitcoin could become more and more attractive for tax refugees in combination as a eventually side playground beneath existing stock exchange for exactly those speculating assholes who were the reason in the beginning that bitcoin emerged...
(otherwise these pricks could have greater interests in bitcoin as a nonspeculative currency because it's not fluctuating. Perhaps that evolves to a possibility for the little man to finally outwit them and profit on their destructive behaviour towards the society)

oh bitcoin where will your future lay....

it's funny that every bigger step of humanity has always these two faces of a coin in its ecosystem.

but compared to the developement of the internet as it is today in times of partially senseless overregulation in fear of probably pushing the next possible revolutions at a certain point like during the Arab spring, I'm confident that somehow the whole idea will find its way over the centuries.
(It always has! And perhaps no matter what kind of money is put into bitcoin in the future, the more the better.
It's goldrushtime and I hope that hype can regulate itself over the years with a following prosperity for everyone)

uh kind of went off- topic on this one  Roll Eyes, sorry for that and eventual grammatical disasters, don't bash me, I'm just a fascinated overslept excited newbie starting to get into the think tank (perhaps some operator put my post in a "mysterious future monologue"-thread)

.....where were we

ah... Wink

back to mt. gox
1182  Other / Beginners & Help / Re: Today's DDOS / MT.GOX manipulation observation on: April 11, 2013, 03:29:36 AM
sorry for copy and paste from the senior forums, but just wanted to throw in this statement with impressing numbers from mt. gox facebook page (35 min ago):
https://www.facebook.com/MtGox
Quote
Hi everyone, just a quick update on the situation and what happened last night.

First of all we would like to reassure you but no we were not last night victim of a DDoS but instead victim of our own success!

Indeed the rather astonishing amount of new account opened in the last few days added to the existing one plus the number of trade made a huge impact on the overall system that started to lag. As expected in such situation people started to panic, started to sell Bitcoin in mass (Panic Sale) resulting in an increase of trade that ultimately froze the trade engine!

To give you an idea of how impressive things were here are some numbers that we would love to share with you guys:
- The number of trades executed triple in the last 24hrs.
- The number of new account opened went from 60k for March alone to 75k new account created for the first few days of April! We now have roughly 20,000 new accounts created each day.

Due to these facts we have been busy working on improving things since last week and our team has been working around the clock to improve Mt.Gox to catch up with the demand. We will continue to release several updates today and in the coming few days to improve our system overall performance.

Also please note that we may have to close the exchange for two hours in the next 12 to 24hrs to add several new servers to our system.

Thank you for your understanding and continuous support!

I'm curious about the coming months with 75k traders throwing their money on the market, in combination with the big impact on the media and the current situation in europe.
(Slowenia seems to be the next shaky candidate and cyprus perhaps have to sell their gold reserves)  
looks like the rough times have just begun.
1183  Other / Beginners & Help / Re: Today's DDOS / MT.GOX manipulation observation on: April 11, 2013, 02:39:12 AM
Hello there,
it's my first post so please no bashing for some dumb newbie questioning.
I'm relatively fresh to bitcoins, started watching the market for 2 months and went in three weeks ago.
And damn was it a rollercoaster ride until right now!
Just have to state that I'm not in the game because of quick wins with speculation but for longterm investment, since the pensionsystem in germany is going down the drain
and I have some deep faith in the system of bitcoin as a resource (as which I see it now) and hopefully someday a real everyday currency.
but I should get to the point:

so I'm watching the mt. gox chart right now being manipulated by some bots for nearly three hours
and I'm amused by the line crawling up and down like a caterpillar in search of the next branch.
Fortunately I read the forums (thanks for all the information here and the relaxed behaviour with such attacks) and I'm holding strong to my few coins (first thing I learned  Cool).
There's one thing I simply don't understand:

Why do the guys at mt. gox not just simply pull the plug, shut down their market
and take some time for figuring out what to do about it?

The longer this goes on the more the market is disturbed by this stuff. (or is it self regulatory and by the next morning everything's okay again)
Pages: « 1 ... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 [60]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!