Gox Should Halt Trading

[NamelessOne]

EDIT April 11: They finally did it! They finally but in a market cool down halt to trading to alleviate the lag garbage!

EDIT 2: I'd like to state that when I originally wrote this, I meant temporary, as it, 10-15 minutes max to sort out the lag and then let trading resume. I don't think turning off trading for 12 hours in beneficial. It seems Gox bad communication is an issue here as they have stated they are upgrading their system today, yet also call it a market cool down. So which is it?

EDIT 3: April 13. The brief cooldown killed the 50 minute lag in about 10 or so minutes, exactly what I was hoping for. I think this is a very good temporary solution to deal with the lag problem until they overhaul their trading engine and entire system.

This is irresponsible. To allow your service to get this gummed up and full of this much panic inducing lag is completely unacceptable and counter productive for Gox's own business and BTC as a whole. When this lag gets this bad its time to take off the pressure, let the shitty ass lag sort itself out and resume later. Seriously lame gox.

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[epetroel]

Agreed, they should at least stop accepting new orders until the order processing engine catches up

[Krabby]

Aren't they making more money than ever?

[Crazy]

What's it have to do with Gox? Other exchanges are ~$200

[NamelessOne]

What's it have to do with Gox? Other exchanges are ~$200

Gox leads the market with like 75% of all trade. All exchanges follow gox. Common knowledge.

[Kazu]

What's it have to do with Gox? Other exchanges are ~$200

It has to do with Gox because they are unable to keep a website running.

[Crazy]

Well since I've seen other exchanges leading Gox more than Gox lead other exchanges, I would challenge that assertion.

[Herodes]

This is irresponsible. To allow your service to get this gummed up and full of this much panic inducing lag is completely unacceptable and counter productive for Gox's own business and BTC as a whole. When this lag gets this bad its time to take off the pressure, let the shitty ass lag sort itself out and resume later. Seriously lame gox.

I am sure they'd upgrade their systems if they knew in advance that it would be this much traffic. As it is, they're working on a new trading engine.

[wopwop]

if mtgox halts now

it will be te final blow to kill themselves

[humanitee]

This is irresponsible. To allow your service to get this gummed up and full of this much panic inducing lag is completely unacceptable and counter productive for Gox's own business and BTC as a whole. When this lag gets this bad its time to take off the pressure, let the shitty ass lag sort itself out and resume later. Seriously lame gox.

I am sure they'd upgrade their systems if they knew in advance that it would be this much traffic. As it is, they're working on a new trading engine.

 
I don't know how you have such a high post count and still believe in Gox. I was sure they would upgrade their systems a year ago.

[DougTanner]

I fully agree, shut that shit down and wait until the new trading interface is ready.

What a disgrace.

[Manticore]

What's it have to do with Gox? Other exchanges are ~$200

Exactly. The lag is not causing this drop.....the drop is causing the lag.

[epetroel]

Bitstamp seems to be having issues too - at least their order book was crossed for a while there.

[esse83]

Sent them a tweet a couple of hours ago recommending what OP is saying - DDOS attack (it's not lag caused by trading) = Take the engine offline to protect morons from themselves. "Mtgox trading engine lag: 2065.03s"

[Piper67]

Whether Gox should stop trading is not even that relevant. People should stop using Gox. That's really all there is to it. There are alternatives out there, use them.

[Surpbitcoin]

HELLLLLNO!!

I've been buying up so many coins, I hope it goes under 100, if so I'm going all in.

[NamelessOne]

This is irresponsible. To allow your service to get this gummed up and full of this much panic inducing lag is completely unacceptable and counter productive for Gox's own business and BTC as a whole. When this lag gets this bad its time to take off the pressure, let the shitty ass lag sort itself out and resume later. Seriously lame gox.

I am sure they'd upgrade their systems if they knew in advance that it would be this much traffic. As it is, they're working on a new trading engine.

 
I don't know how you have such a high post count and still believe in Gox. I was sure they would upgrade their systems a year ago.

36 minutes of lag. This if truly idiotic and very angering. A sell off is one thing. And endless lag induced insanity is completely unacceptable. 36 minutes now!!!

[humanitee]

Whether Gox should stop trading is not even that relevant. People should stop using Gox. That's really all there is to it. There are alternatives out there, use them.

+1

[shkiser]

I agree, BOYCOTT GOX! Theyre obviously manipulating the market under the guise of lag, to make immense profits. This shits getting to frequent.

[humanitee]

I agree, BOYCOTT GOX! Theyre obviously manipulating the market under the guise of lag, to make immense profits. This shits getting to frequent.

"Never ascribe to malice that which can be adequately explained by stupidity." - Robert J. Hanlon