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Author Topic: MT. Gox is down and here is why  (Read 1085 times)
Billy the Bit Miner
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April 12, 2013, 05:16:48 AM
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Yes Mt. Gox is down, and there is an 80gps or more by now DDoS going on, on top of many many people trying to access the server and over 20k new registration per day. Here is the most recent comment from Mt. Gox via their twitter page to confirm this. "We are experiencing a stronger than usual DDoS. We are working in it". This is happening because of many reasons. There are some that don't want bit coin to succeed but it is out of their realm of control. There was a article today on CNN bad mouthing the site and bitcoin on main stream networks and the different traders people should use instead of Mt. Gox trying to shift major market control from mt. gox into who's hands...banksters maybe Huh??? You have to understand the hardware capabilities that Mt. Gox had at this time and even with the new upgrades this was not foreseen. They will need to implement new hardware. Plus new software that they will need to create themselves to ensure attacks like this can be stopped and enabling them to keep the site secure. It seems they plan to do this we will see. Regardless we all must stand behind bitcoin and the people that work to keep it going like Mt. Gox. We will not let the elitist tactics scare us away from our goals for bitcoin. We must keep mining and using the currency no matter what tactics are used against bitcoin.
Further more we will not trust in any currency like the us dollar that is clearly being manipulated and will eventually leave the entire country broke and in shambles when the world reserve currency changes...
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aantonop
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April 12, 2013, 05:18:20 AM
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Why are you making excuses for their incompetence? Do you work for mtgox?

How many lies before you understand that MTGox is NOT bitcoin. Bitcoin will be here long after mtgox goes bankrupt (ie. next week).

Bitcoin entrepreneur - OpenBitcoinStore,SafePaperWallet,BitcoinPressCenter.org... and more.
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Billy the Bit Miner
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April 12, 2013, 05:20:34 AM
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I made this post for people that were going on rants about Mt. Gox lag issues and for those who did not know what is happening to the site right now that's all. plus no i don't work for them
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April 12, 2013, 05:47:29 AM
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Gox needs to take the site offline for the weekend and fix their shit.  Temporary patches are going to be useless because they'll be crashed by the sheer volume of legitimate transactions even when they sort out any DDoS issues.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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April 12, 2013, 06:05:40 AM
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its already back up but we need a decentralized exchange!
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