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Bitcoin Forum > Economy > Economics > Speculation > DDoS = the new starfish
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proudhon (OP)
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April 13, 2013, 06:24:43 PM
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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April 13, 2013, 06:30:20 PM
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I remember. But just until it becomes a contra-indicator.
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April 13, 2013, 06:32:59 PM
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was it even that? the second the price triangle broke downwards it froze up, the system can't handle good selling at all. not all at once anyway
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April 13, 2013, 06:36:13 PM
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Somebody on btccharts chatbox is saying he saw on IRC the lag is caused by tons of fake orders being added and removed.  That would be consistent with the change coming to MtGox disallowing order placement without putting up the funds.  Interesting.
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April 13, 2013, 06:54:19 PM
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DDOS is just a scapegoat.

It's either incompetence or malice. Since neither explanation make sense I seriously considering the lag is just an arbitrary fudge factor artificially added by gox.
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April 13, 2013, 07:00:11 PM
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Quote from: proudhon on April 13, 2013, 06:36:13 PM
Somebody on btccharts chatbox is saying he saw on IRC the lag is caused by tons of fake orders being added and removed.  That would be consistent with the change coming to MtGox disallowing order placement without putting up the funds.  Interesting.

Very interesting, considering that "walls" on the most popular support / resistance charts involve mostly Gox data.
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April 13, 2013, 07:53:04 PM
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Quote from: proudhon on April 13, 2013, 06:36:13 PM
Somebody on btccharts chatbox is saying he saw on IRC the lag is caused by tons of fake orders being added and removed.  That would be consistent with the change coming to MtGox disallowing order placement without putting up the funds.  Interesting.

MtGox solved part of the problem :
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April 13, 2013, 07:59:33 PM
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Quote from: mat542 on April 13, 2013, 07:53:04 PM
Quote from: proudhon on April 13, 2013, 06:36:13 PM
Somebody on btccharts chatbox is saying he saw on IRC the lag is caused by tons of fake orders being added and removed.  That would be consistent with the change coming to MtGox disallowing order placement without putting up the funds.  Interesting.

MtGox solved part of the problem :

orly?

Mtgox trading engine lag: 42m 54s
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April 18, 2013, 11:04:23 PM
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Wait, they let people place orders with accounts that had no money? And people trust these bid and ask walls? That money should be locked away like it is on BitStamp.
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April 18, 2013, 11:05:32 PM
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Quote from: Matthew N. Wright on April 18, 2013, 11:04:23 PM
Wait, they let people place orders with accounts that had no money? And people trust these bid and ask walls? That money should be locked away like it is on BitStamp.

The orders don't show up on the order book, they just make more work for the exchange
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