One thing's for sure: MTGOX SUCKS!!

[shad0wbitz]

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!

[Wekkel]

Mark Karpeles is a hack

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

2. Use another exchange

[W-M]

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.

[smoothie]

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

[NamelessOne]

Mark Karpeles is a hack

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

2. Use another exchange

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.

[bitcon]

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.

[Wekkel]

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.

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.

[Missionary]

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.

[notme]

Mark Karpeles is a hack

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

2. Use another exchange

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.

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.

[uhoh]

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

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

[Newscastix]

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

rocks! 

[boscorocks]

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.

[shad0wbitz]

Mark Karpeles is a hack

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

2. Use another exchange

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.

[shad0wbitz]

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.

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.

[Dargo]

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.

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.

[moneyforschoolat]

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

[damnek]

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

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

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

[thefiniteidea]

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

[boscorocks]

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.

[shad0wbitz]

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

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.