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Author Topic: MtGox is fine people  (Read 3005 times)
cypherdoc
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July 31, 2011, 05:13:07 PM
 #1

https://support.mtgox.com/entries/20323996-mt-gox-system-update-troubles
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BioMike
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July 31, 2011, 05:16:45 PM
 #2

People make mistakes...
BitcoinPorn
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July 31, 2011, 05:20:13 PM
 #3

Quote
*** Initial announcement - more details will be made available within the next hours. ***

To our beloved Mt. Gox Clients,

During a planned system upgrade which introduced diverse support for multiple currencies, our locking mechanism did not operate as intended. As such, trades in the order book continued to execute during the upgrade.

Our team was able to spot the erroneous trading and immediately froze the system. After the upgrade was complete, we reverted all of the invalid trades to their original state. Following this, as an added precaution, we emptied the order book and recreated all of the open orders in order to rebuild the order book back to its original state.

We apologize for any inconvenience this may have caused, and we look forward to answering any more questions you may have through our support system. We firmly believe in transparency in our firm and wish to give thanks to all of our beloved clients for allowing us to serve them as the world's leading bitcoin exchange.

Problems, solutions, informing people as soon as possible of the situation.  +1 Gox.

cypherdoc
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July 31, 2011, 05:21:33 PM
 #4

yes, he took care of this instantly.

actually i feel sorry for those who sold impulsively
bitbot
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July 31, 2011, 05:25:03 PM
 #5

all trades should be rolled back then

trading should be frozen right now...

but since they aren't doing any of that shit everyone who got free money should keep it

Anonymous BITCOIN Exchange: https://www.TRADEHILL.COM
klaus
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July 31, 2011, 05:26:05 PM
 #6

fine with this message

bitmessage:BM-2D9c1oAbkVo96zDhTZ2jV6RXzQ9VG3A6f1​
threema:HXUAMT96
Mt.Fun
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July 31, 2011, 05:26:49 PM
 #7

I <3 Mt. Gox.
GeniuSxBoY
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July 31, 2011, 05:49:13 PM
 #8

I'm kind of scared at this "stress test" these people are doing.


Placing large amounts of ridiculous bids and asks with bots that have a BIG OMEGA NOTATION complexity of 1, while the search function has a minimum of N.
GeniuSxBoY
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July 31, 2011, 05:57:49 PM
 #9






Took some screenshots of the craziness.
GeniuSxBoY
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July 31, 2011, 06:02:02 PM
 #10

I see what they're doing!


They're trying to flood the system with their own HIGH PRICE orders to buy their own LOW PRICE orders.
BitcoinPorn
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July 31, 2011, 06:28:11 PM
 #11

I see what they're doing!


They're trying to flood the system with their own HIGH PRICE orders to buy their own LOW PRICE orders.

Nice.  I would consider that an exploit of bad code.  There has to be a way to avoid that.

Tx2000
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July 31, 2011, 07:00:56 PM
 #12

Mt.Gox is bad for bitcoin.
Meatpile
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August 01, 2011, 02:01:13 AM
 #13

I see what they're doing!


They're trying to flood the system with their own HIGH PRICE orders to buy their own LOW PRICE orders.


Can you explain this in more detail please?
Sukrim
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August 01, 2011, 04:06:21 AM
 #14

Mt.Gox is bad for bitcoin.

Yeah, but soon they might own it:
http://esearch.oami.europa.eu/copla/trademark/data/010103646

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
fennec
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August 01, 2011, 04:19:54 AM
 #15

I see what they're doing!


They're trying to flood the system with their own HIGH PRICE orders to buy their own LOW PRICE orders.


Can you explain this in more detail please?

Yeah, please do.

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