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Author Topic: Mt.Gox vandal bot  (Read 1114 times)
realnowhereman
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February 13, 2012, 11:14:26 AM
 #1

This bot is just filling the order history with noise; slowing down the server and making the price chart less informative for the rest of us.

Here's the fix, Mt.Gox programmers:

Code:
$MIN_TIME_TO_NEXT_TRADE = $ARBITRARY_CONSTANT / $BITCOINS_IN_THIS_TRADE

If someone wants to trade 0.0001, they still can.  But they should then expect to wait 0.01/0.0001 (Using CONSTANT=0.01 for my example) or 100 seconds until their next trade.

For anyone trading a reasonable amount, the time would be so small that it wouldn't affect them.

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proudhon
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February 13, 2012, 03:46:20 PM
 #2

This bot is just filling the order history with noise; slowing down the server and making the price chart less informative for the rest of us.

Here's the fix, Mt.Gox programmers:

Code:
$MIN_TIME_TO_NEXT_TRADE = $ARBITRARY_CONSTANT / $BITCOINS_IN_THIS_TRADE

If someone wants to trade 0.0001, they still can.  But they should then expect to wait 0.01/0.0001 (Using CONSTANT=0.01 for my example) or 100 seconds until their next trade.

For anyone trading a reasonable amount, the time would be so small that it wouldn't affect them.


+1
EuSouBitcoin
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February 13, 2012, 03:53:22 PM
 #3

Or just raise the minimum quantity of an order to 1 BTC.
realnowhereman
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February 13, 2012, 04:31:25 PM
 #4

Or just raise the minimum quantity of an order to 1 BTC.

People should still be able to trade small amounts.  We don't know what they're selling/buying so can't put a price on it.  However, that flexibility shouldn't be abused to spam the order book.

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