decentralized Bitcoin are highly centralized to mtgox!11

[LZ]

bitcoinex does not represent views of all Russian part of the Bitcoin Community.

Please close this topic. I am shocked.

[Anonymous]

* is disappointed.

This looks like a case of someone yelling 'fire' in a crowded cinema. It is very foolish to do something like that and people dont take kindly too it.

[Anonymous]

bitcoinex does not represent views of all Russian part of the Bitcoin Community.

Please close this topic. I am shocked.

I dont think anyone has come to that conclusion. This is about one person not about where he comes from.

[Timo Y]

But we want anarchy and autoregulation? This is it is.

I must admit he has a point there.

DDoS attacks do not violate the non-aggression principle, so in an anarchy they are fair game.

But just because you're not violating the non-aggression principle doesnt mean you are not being a huge asshole.

DDoS attacks are an exploitation of the website owner's generosity and violation of the good faith principles that keep the internet running. (the tragedy of the commons that allows spam and DDoS  is an inherent design flaw of the internet but that is a different topic)


This attack was a minor inconvenience for the community, but his ruined reputation is real autoregulation in action.

[jkminkov]

  seems that ALL of you FAIL to understand eastern europeans' sarcasm

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AvGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

[error]

seems that ALL of you FAIL to understand eastern europeans' sarcasm

Perhaps. But sarcasm is a very bad idea when you have brought your reputation into question, as btcex did here.

[da2ce7]

Dear friends please treat this as a case of psychosocially unstable immature idiot who does not understand what he is doing. Just read his posts, obviously bad command of English in combination with some kind of cultural misunderstanding (though even I fail to understand that BS differently as compared to everyone else here).

We know some traders do jump out of the window occasionally. Maybe it is just like that. It certainly looks like the dude bet a farm (worth 160$) shorting bitcoin and got burned. So he went mad and it looks like he got 2 or 3 lunatics to post BS in his name. Moreover, based on his follow up posts in russian forum, he still does not understand how his actions look like to a normal person.

I am not trying to defend the idiot. He has commited a political suicide and deserves to live with consequences. I, personally, will not ever have any biz with anyone or anything ever remotely related to this guy, simply because having biz with lunatics is way too risky a  proposition.

The reason I am writing this is because I am very sad and embarrassed by this incident and very angry at this stupid immature idiot for tarnishing the name of Russian people.

Also please note he is not necessarily Russian, we only know that he is a Russian speaking person and there are hundreds of millions people who are Russian speaking but not Russian.

+1  It was reputation suicide.

[bitcoinex]

seems that ALL of you FAIL to understand eastern europeans' sarcasm

Perhaps. But sarcasm is a very bad idea when you have brought your reputation into question, as btcex did here.

Rather, half of the community present themselves as animals when rate passes $2.5. Read what they write some famous people here.

soundtrack

[Mahkul]

seems that ALL of you FAIL to understand eastern europeans' sarcasm

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AvGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

I am from Eastern Europe and I still don't get it, тoвapищ.

[jkminkov]

seems that ALL of you FAIL to understand eastern europeans' sarcasm

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AvGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

I am from Eastern Europe and I still don't get it, тoвapищ.

it was either sarcasm* or self irony**

* - running exchange IMHO is easiest way to profit from bitcoins, get bitcoin offers from idiots and supply bitcoins to fools, tax both
** - an Irish person might say - I haven't been back here since we bombed it in 1976.

[caveden]

Bitcoinex,

I hope it was just misunderstood sarcasm and you really aren't behind such a childish action.

And using the opportunity, if you want to know why MtGox is much more successful than your site: your fees are too high!
At least last time I checked they were above 3% while MtGox was below 1%.

Have you considered a fixed fee per transaction? That would attract all the large sums of money to your exchange, making it have maybe even more volume than MtGox. Actually, constant fees make more sense than relative ones, as the costs of the exchange site don't really change concerning the amount of value but rather the amount of transactions.

[bitcoinex]

Bitcoinex,

I hope it was just misunderstood sarcasm and you really aren't behind such a childish action.

And using the opportunity, if you want to know why MtGox is much more successful than your site: your fees are too high!
At least last time I checked they were above 3% while MtGox was below 1%.

Have you considered a fixed fee per transaction? That would attract all the large sums of money to your exchange, making it have maybe even more volume than MtGox. Actually, constant fees make more sense than relative ones, as the costs of the exchange site don't really change concerning the amount of value but rather the amount of transactions.

Thank you for your message.

The fact that we do not use automation in the processing of payments. Unfortunately, the vast majority of available banks and payment systems are not allow that or prohibit exchange for anonymous currency.

We never have large volumes of trades, so we do not charge a commission for trades - it is pointless.

I think the trades itself tends toward centralization, so mtgox will always have more attractive offers.

[romanoza]

Once again I say, if I were Russian, I would be be so ashamed and embarrassed to admit that this evil asswipe with the intelligence of a pea is a fellow countryman of mine.

Man, you looking fool, when you say that 1 man or 1 bad joke describe all nation.

[SmokeTooMuch]

Ok, maybe I will pull a massive amount of hatred on me now ...

Let's get our facts straight:

There is one person (bitcoinex) who thinks that the current market is much too centralized.
Which is right in my opinion.

He start's a DDoS-attack to prove his point and brings the site down for several hours.

What's so wrong about that ?

If he'd stayed anonymous nobody would be so stressed about the whole thing.
But instead he made his intentions publicly available so people can discuss about it. At least that's what I am thinking.
And instead of discussing, everybody is just like "herp derp, idiot, herp derp".

So, my message to all of you is:
Calm down, think about it and let's discuss in an open and mannered way.

So far,

~Smoke

[PLATO]

Smoke - I agree, I would rather gox gets ddos'd  now, instead of in a few months when our userbase and bitcoin value is higher. This gives us a chance to talk about it and fix what's wrong.

MagicalTux now has some data that he can use to make Mt. Gox more resilient. The community has a lot to discuss, like how to implement a decentralized exchange network. Btcex has tarnished his reputation and should have probably remained anonymous.

See my previous post ITT for ideas on a decentralized exchange.

[LZ]

What's so wrong about that ?

DDoS attacks (or threats of DDoS attacks) and an honest business environment are incompatible things.

[mewantsbitcoins]

I personally haven't read anywhere bitcoinex admitting that he was involved, so my suggestion is not to jump to conclusions. Money at stake is getting bigger and bigger and IMO it was just clouded judgement at an emotional moment to write what he wrote. Plus, from his previous posts it's clear that he, as anybody else on this site, wants bitcoin to succeed.

Whatever the came maybe, there is a bigger issue on the table. We all saw what this attack did, so instead of arguing who's wrong and who's right, lets concentrate on solving the problem how we could be more decentralized.

If 1/few guys ground the whole market to a standstill, I'm afraid we stand no chance when the real crack down happens

[dust]

https://btcex.com/ claims:

"We are under DDoS attack"

I question the truth of that statement.

[Mashuri]

The market will work work itself out.  As mtgox grows and becomes more profitable, more and better competitors will start materializing.  In other words, so long as Bitcoin continues to climb in demand, mtgox won't be the only game in town for long.

[imanikin]

...cпoкoйcтвиe, мyжики! Лyчшe нe caдитьcя нa TPOЛЛeйбycы c тaким кoличecтвoм вcякиx вёдep...  

Дaвaйтe лyчшe тaк: http://www.youtube.com/watch?v=A0Pj2r94CDM