SaintFlow (OP)
Sr. Member
 Offline
Activity: 476
Merit: 250
The first is by definition not flawed.
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February 21, 2012, 10:18:19 AM |
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Woke up this morning and both Gox and bitcointalk where down.
I found on freenode mtgoxlivechat
"[09:50] <@MagicalTux> back soon-ishg"
?before! anyone else could get in again there was a 9.1k and 4.8k dump
And I ask
what was wrong?
EDIT: bitcointalk is hosted by mtgox. This can explain why they went down simultaneously, but not why.
makes you seriously wonder about bitcointalks independence.
I consider myself a huge fan of both pages and invite magicaltux to use this opportunity to address what
happend.
Thumbs up for the quick recovery.
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don't let me make you question your assumptions
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The forum was founded in 2009 by Satoshi and Sirius. It replaced a
SourceForge forum.
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Mushoz
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February 21, 2012, 10:22:14 AM |
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Mtgox was back up before the dump, I could already log in. After the dump, the site indeed went down again. Probably someone lucky and early like me who managed to log in the first time the site was back up.
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www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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M4v3R
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February 21, 2012, 10:22:59 AM |
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Gox was gone for few hours. In the mean time Bitcoinica's user liquidated some of their longs, but the trades got buffered because there was nowhere to execute them. So finally when Gox got back up, they executed them all simultaneusly, causing a dump.
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tsupp4
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February 21, 2012, 11:14:55 AM |
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"It's not rich who got much, but who gives much."
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Kluge
Donator
Legendary
Offline
Activity: 1218
Merit: 1015
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February 21, 2012, 11:19:20 AM |
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Everything is under control, so don't panic. Tell it to the kernel. Hur hur hur. ... Panic, fatal, death. OS error text outputs seem a bit over-dramatic. |
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zby
Legendary
Offline
Activity: 1592
Merit: 1001
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February 21, 2012, 02:22:17 PM |
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Personally I rather trust them - but how effective is it that they wrote: We would like to stress at this point that this outage was the result of a software error, and that no security breach has occurred. Furthermore, all account information and trade data remain completely secure. |
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cheat_2_win
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February 21, 2012, 04:44:04 PM
Last edit: February 21, 2012, 04:57:17 PM by cheat_2_win |
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Woke up this morning and both Gox and bitcointalk where down.
I found on freenode mtgoxlivechat
"[09:50] <@MagicalTux> back soon-ishg"
?before! anyone else could get in again there was a 9.1k and 4.8k dump
And I ask
what was wrong?
EDIT: bitcointalk is hosted by mtgox. This can explain why they went down simultaneously, but not why.
makes you seriously wonder about bitcointalks independence.
I consider myself a huge fan of both pages and invite magicaltux to use this opportunity to address what
happend.
Thumbs up for the quick recovery.
Selling 9.1k and 4.8k doesn't count as dump anymore  . Edit: This is really serious after so many negative news regarding bitcoin. Who knows there might be some grand conspiracy to bring bitcoin down without resorting to major technological warfare. So beware, people. Now, on “First they ignore you, then they laugh at you, then they fight you, then you win.” scale, bitcoin seems to be at "then they fight you" point. |
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SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
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February 21, 2012, 05:03:01 PM |
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Edit: This is really serious after so many negative news regarding bitcoin. Who knows there might be some grand conspiracy to bring bitcoin down without resorting to major technological warfare. So beware, people. Now, on “First they ignore you, then they laugh at you, then they fight you, then you win.” scale, bitcoin seems to be at "then they fight you" point.
Bitcoin isnt even close to the laughing stage yet. No one knows what Bitcoin is. |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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February 21, 2012, 05:15:25 PM |
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Edit: This is really serious after so many negative news regarding bitcoin. Who knows there might be some grand conspiracy to bring bitcoin down without resorting to major technological warfare. So beware, people. Now, on “First they ignore you, then they laugh at you, then they fight you, then you win.” scale, bitcoin seems to be at "then they fight you" point.
This does seem to be the case with the regulation starting to come to Bitcoin.
Bitcoin isnt even close to the laughing stage yet. No one knows what Bitcoin is.
They know! Sadly the public doesn't. Edit: Maybe the Gox people took it down to add some code for the new verification process which goes in effect in about 7½ hrs (00:01 UTC 2-22-12). |
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Crypt_Current
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February 21, 2012, 06:44:30 PM |
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Edit: This is really serious after so many negative news regarding bitcoin. Who knows there might be some grand conspiracy to bring bitcoin down without resorting to major technological warfare. So beware, people. Now, on “First they ignore you, then they laugh at you, then they fight you, then you win.” scale, bitcoin seems to be at "then they fight you" point.
This does seem to be the case with the regulation starting to come to Bitcoin.
Bitcoin isnt even close to the laughing stage yet. No one knows what Bitcoin is.
They know! Sadly the public doesn't. Edit: Maybe the Gox people took it down to add some code for the new verification process which goes in effect in about 7½ hrs (00:01 UTC 2-22-12). That's what I'm thinking. Plus, the cycle mentioned here, much like Elliot waves, happens on small and large scales. So, we may be in a "fight" phase of a smaller cycle, but only approaching a "laugh" phase of a larger cycle. |
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Matthew N. Wright
Untrustworthy
Hero Member
Offline
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
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February 21, 2012, 06:57:00 PM |
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On the off chance that a single person in Bitcoin has missed this video about this topic done MONTHS ago,  |
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Crypt_Current
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February 21, 2012, 07:05:48 PM |
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On the off chance that a single person in Bitcoin has missed this video about this topic done MONTHS ago, I'M SURE IT'S JUST COINCIDENCE THAT VIDEO WAS PUBLISHED ON 9/11 SIR! ... lol, your intro always cracks me up |
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Matthew N. Wright
Untrustworthy
Hero Member
Offline
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
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February 21, 2012, 07:06:39 PM |
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On the off chance that a single person in Bitcoin has missed this video about this topic done MONTHS ago, I'M SURE IT'S JUST COINCIDENCE THAT VIDEO WAS PUBLISHED ON 9/11 SIR! ... lol, your intro always cracks me up  |
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bitcoinTrader
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February 21, 2012, 07:20:31 PM |
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Edit: This is really serious after so many negative news regarding bitcoin. Who knows there might be some grand conspiracy to bring bitcoin down without resorting to major technological warfare. So beware, people. Now, on “First they ignore you, then they laugh at you, then they fight you, then you win.” scale, bitcoin seems to be at "then they fight you" point.
This does seem to be the case with the regulation starting to come to Bitcoin.
Bitcoin isnt even close to the laughing stage yet. No one knows what Bitcoin is.
They know! Sadly the public doesn't. Edit: Maybe the Gox people took it down to add some code for the new verification process which goes in effect in about 7½ hrs (00:01 UTC 2-22-12). Whats this new verification process? I guess already verified accounts shouldnt be affected. |
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