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Author Topic: MtGox is down again DO NOT PANIC!!  (Read 980 times)
acro1
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April 12, 2013, 04:38:44 AM
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Everyone, do not panic!! We all knew this would happen, it's not a surprise. So, relax, keep mining and watch what happens. MtGox is currently down and under a massive Ddos attack. Check out their twitter page for updates twitter.com/MtGox . There is a massive amount of people who have been getting into bitcoin lately (20,000 + per day) This would be tough for any website server to handle. Most websites can't even handle a single link from Drudge Report, bitcoin has had many lately. On top of that massive Ddos attacks are occuring, this is the powers that be trying to destroy it. They do not want ibitcoin involved with their money scheme. DO NOT GIVE UP ON IT!!!!
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April 12, 2013, 04:39:24 AM
 #2



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acro1
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April 12, 2013, 04:45:08 AM
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HAHA. YES, it will crash a bit, but it's going to recover if the original base doesn't give up on it. Central banks do not like bitcoin!! Well, we don't like central banks!!
Mike Christ
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April 12, 2013, 04:47:26 AM
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BOO CENTRAL BANKS ARE BOLOGNY

But a central exchange is very very bad too.  Angry

DUId1
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April 12, 2013, 04:51:55 AM
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Keep your calm.
maj
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April 12, 2013, 04:54:31 AM
 #6

Who is doing the ddos? And why do they always do it when the price crashes?
Mike Christ
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April 12, 2013, 04:55:18 AM
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Who is doing the ddos? And why do they always do it when the price crashes?

An odd correlation, isn't it?  Grin

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April 12, 2013, 04:56:36 AM
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So when someone‘s post count is at 1337, it shows up as "leet"?  As per Mike Christ above.
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April 12, 2013, 04:59:03 AM
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Hope this gets sorted and soon
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April 12, 2013, 04:59:15 AM
 #10

Who is doing the ddos? And why do they always do it when the price crashes?

Our enemies. To make it crash more.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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April 12, 2013, 05:06:24 AM
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Who is doing the ddos? And why do they always do it when the price crashes?

Our enemies. To make it crash more.

 Shocked I got into bitcoins because theyre cool, and I like the idea and philosophy behind it all. I didnt know Id be getting enemies out of it.  Undecided
acro1
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April 12, 2013, 05:07:58 AM
 #12

http://twitter.com/MtGox

33 minutes ago
Our developers are working on mitigating the Ddos attack.

1 hour ago
"We are experiencing a stronger than usual DDoS. We are working on it."

 Cheesy

They hate the BTC, but it will live on!

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April 12, 2013, 05:11:53 AM
 #13

DECENTRALIZED EXCHANGE!

...and none of this would have happened.

Mt. Gox will never be fixed.  It's a fundamental flaw in architecture.

We need a decentralized exchange!
acro1
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April 12, 2013, 05:14:29 AM
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DECENTRALIZED EXCHANGE!

...and none of this would have happened.

Mt. Gox will never be fixed.  It's a fundamental flaw in architecture.

We need a decentralized exchange!


I definitely agree with the idea
sp4cem0nkey
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April 12, 2013, 05:24:02 AM
 #15

Isn't MtGox's official story was that the DDOS attacks are being perpetrated by traders trying to game the system by selling, then driving the price down due to the panic created as a result of the attacks, then buying again at an artificially low price before the currency recovers.  Are you guys really suggesting that the world's reserve banks are trying to kill bitcoin?
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April 12, 2013, 05:33:23 AM
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Isn't MtGox's official story was that the DDOS attacks are being perpetrated by traders trying to game the system by selling, then driving the price down due to the panic created as a result of the attacks, then buying again at an artificially low price before the currency recovers.

I think that scenario is a perfect example of why BTC needs a more widely dispersed infrastructure without depending so heavily on a single exchange.
acro1
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April 12, 2013, 05:38:10 AM
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Isn't MtGox's official story was that the DDOS attacks are being perpetrated by traders trying to game the system by selling, then driving the price down due to the panic created as a result of the attacks, then buying again at an artificially low price before the currency recovers.  Are you guys really suggesting that the world's reserve banks are trying to kill bitcoin?

I'm simply saying things like this happen. I'm going to make a comparison, you may not agree but here it is.

1. When Libya was attacked and Gadaffi was taken out of power, did you know there was a new currency based on gold called the African dinar he was trying to implement throughout Africa? This currency was going to be the exchange currency for all goods, services and resources in Africa. What happened? He was murdered and a massive pile of gold in Libya dissapeared (44 + tons) 

2. Abraham Lincoln- Was trying to repeal the federal reserve act (assasinated)

3. J.F.K- Tried to repeal the federal reserve act (assasinated)

4. Before 9/11 afghanistan and iraq had no central bank, "now they do."

5. The only countries left in the world without central banks are, you guessed it (Iran and North Korea)

"they go after everything that's not centralized"  (and, in no way am i saying the countries listed above are good, I'm just showing the correlation)
Billy the Bit Miner
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April 12, 2013, 06:47:14 AM
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Isn't MtGox's official story was that the DDOS attacks are being perpetrated by traders trying to game the system by selling, then driving the price down due to the panic created as a result of the attacks, then buying again at an artificially low price before the currency recovers.  Are you guys really suggesting that the world's reserve banks are trying to kill bitcoin?

I'm simply saying things like this happen. I'm going to make a comparison, you may not agree but here it is.

1. When Libya was attacked and Gadaffi was taken out of power, did you know there was a new currency based on gold called the African dinar he was trying to implement throughout Africa? This currency was going to be the exchange currency for all goods, services and resources in Africa. What happened? He was murdered and a massive pile of gold in Libya dissapeared (44 + tons) 

2. Abraham Lincoln- Was trying to repeal the federal reserve act (assasinated)

3. J.F.K- Tried to repeal the federal reserve act (assasinated)

4. Before 9/11 afghanistan and iraq had no central bank, "now they do."

5. The only countries left in the world without central banks are, you guessed it (Iran and North Korea)

"they go after everything that's not centralized"  (and, in no way am i saying the countries listed above are good, I'm just showing the correlation)

very true i could not agree more
Mike Christ
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April 12, 2013, 06:49:07 AM
 #19

Shocked I got into bitcoins because theyre cool, and I like the idea and philosophy behind it all. I didnt know Id be getting enemies out of it.  Undecided

The bank hates you.

Feels good don't it Grin

Billy the Bit Miner
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April 12, 2013, 08:16:00 AM
 #20

Mt. Gox is already back up btw but the info in these post are still relevant to the situation with bitcoin  Cool
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