Bitcoin Forum
December 12, 2017, 04:51:14 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Mt.Gox vandal bot  (Read 1147 times)
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504



View Profile
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.

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
1513097474
Hero Member
*
Offline Offline

Posts: 1513097474

View Profile Personal Message (Offline)

Ignore
1513097474
Reply with quote  #2

1513097474
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513097474
Hero Member
*
Offline Offline

Posts: 1513097474

View Profile Personal Message (Offline)

Ignore
1513097474
Reply with quote  #2

1513097474
Report to moderator
1513097474
Hero Member
*
Offline Offline

Posts: 1513097474

View Profile Personal Message (Offline)

Ignore
1513097474
Reply with quote  #2

1513097474
Report to moderator
1513097474
Hero Member
*
Offline Offline

Posts: 1513097474

View Profile Personal Message (Offline)

Ignore
1513097474
Reply with quote  #2

1513097474
Report to moderator
proudhon
Legendary
*
Offline Offline

Activity: 1260



View Profile
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
Sr. Member
****
Offline Offline

Activity: 472


View Profile
February 13, 2012, 03:53:22 PM
 #3

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

You can't win if you don't play. But you can't play if you lose all your chips.
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504



View Profile
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.

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!