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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649943 times)
NamelessOne
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April 04, 2013, 04:35:16 AM
 #18301

http://www.facebook.com/MtGox/posts/453409538076792

Mt.Gox finally released a real statement about the events of the day and their intension moving forward. It is a pretty reasonable letter to the community.
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Spaceman_Spiff
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April 04, 2013, 04:47:57 AM
 #18302


In this month alone, over 57,000 new accounts were created!


WTF.


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April 04, 2013, 04:48:24 AM
 #18303

http://www.facebook.com/MtGox/posts/453409538076792

Mt.Gox finally released a real statement about the events of the day and their intension moving forward. It is a pretty reasonable letter to the community.

OK.... BUY!BUY!BUY!  Cheesy

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April 04, 2013, 04:51:44 AM
 #18304

Thanks for that link.  It sounds like a very reasonable reply and helps wash some of the bitter taste away.  I didn't trade so no issues here but I'm sure a lot of others were frustrated.  That's an insane amount of new accounts!

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
NamelessOne
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April 04, 2013, 04:54:21 AM
 #18305

Thanks for that link.  It sounds like a very reasonable reply and helps wash some of the bitter taste away.  I didn't trade so no issues here but I'm sure a lot of others were frustrated.  That's an insane amount of new accounts!
Exactly, I'm very glad they did this. The frustration meter was getting TOO high in the community. They really should communicate faster and more frequently, BUT this is a great start. I hope they keep this up.
mccorvic
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April 04, 2013, 04:55:46 AM
 #18306

Quote
We have seen a significant amount of comments on the web (various forums, Reddit, etc.) that portray Mt.Gox as a company held by “idiots” and other rather rude words, complaining about inability to deal with lag and other system issues, without understanding the magnitude of work and attacks we are facing every day.

They noticed me  Grin

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
oakpacific
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April 04, 2013, 04:58:49 AM
 #18307

There are a lot of issues they haven't addressed, like the utterly inadequate trading engine they are using. What Gox must keep in mind is"With greater power comes greater responsibilities", they choose to be in this position, they are now the "face" of bitcoin trading, then they have to keep up.

If anything, this letter demonstrates how super-bullish the market is. People controlling vast amount of resources trying desperately to obtain as many bitcoins as possible, resorting to all kinds of means, dumping, trolling, and even DDOSing, just for some more bitcoins.


https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 04, 2013, 05:00:11 AM
 #18308

They really should communicate faster and more frequently, BUT this is a great start. I hope they keep this up.

I would assume most of the people there were busying trying to deal with the DDoS (and everything else). Perhaps it would be a huge step forward if they hired a PR guy(gal) who did nothing but keep the public up to date during these events. Something simple like that can go a long way.
They seriously need that PR person, I think you're right, it could go a long way. This person could manage all of their facebook and twitter accounts, and be in touch with the community frequently, especially during this kind of garbage.
buddhacoiner
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April 04, 2013, 05:02:50 AM
 #18309

They're doing their best.  With the massive influx of new accounts and the skyrocketing of the price within a relatively very short period of time (compounded with attack issues) it's realistic that they would have been a little unprepared.  Over the next few months Gox will see a lot of man power coming in to help out with everything.  Keep it positive for our investments, and let's not scare away noobs (like myself) who will increase the size of the bitcoin community.
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April 04, 2013, 05:04:01 AM
 #18310

There are a lot of issues they haven't addressed, like the utterly inadequate trading engine they are using. What Gox must keep in mind is"With greater power comes greater responsibilities", they choose to be in this position, they are now the "face" of bitcoin trading, then they have to keep up.

Actually, they addressed it. This is what they've said:
Does this mean that we are giving up fighting lag? Hell, no. We are working on it by creating a new trade engine that will solve many problems, but it’s not a magic bullet.

We went through a period where it was briefly tough and now there are 1400 new billionaires in the world - maybe some capital was misallocated... --Kyle Bass
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April 04, 2013, 05:05:04 AM
 #18311

Let's pick up some Nakamotos! (.01btc)

Let's get 2 factor authentication
https://bitcointalk.org/index.php?topic=178568.0
oakpacific
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April 04, 2013, 05:05:51 AM
 #18312

There are a lot of issues they haven't addressed, like the utterly inadequate trading engine they are using. What Gox must keep in mind is"With greater power comes greater responsibilities", they choose to be in this position, they are now the "face" of bitcoin trading, then they have to keep up.

Actually, they addressed it. This is what they've said:
Does this mean that we are giving up fighting lag? Hell, no. We are working on it by creating a new trade engine that will solve many problems, but it’s not a magic bullet.


Sorry, I forgot about that, but I don't think they have fully realized the seriousness of the problem on their part, although I still believe them to be the most reliable.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
dooglus
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April 04, 2013, 05:18:31 AM
 #18313

They're doing their best.  With the massive influx of new accounts and the skyrocketing of the price within a relatively very short period of time (compounded with attack issues) it's realistic that they would have been a little unprepared.

It's not just recently though.  Every big move has caused their trading engine to lag, way before the price started to take off in the last couple of months.

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April 04, 2013, 05:30:11 AM
 #18314

I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.

PHP can do ANYTHING!



I love PHP, I use it every day. But I would never use it for a world class trading platform.

Maybe on the front end.

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oakpacific
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April 04, 2013, 05:32:54 AM
 #18315

I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.

PHP can do ANYTHING!



I love PHP, I use it every day. But I would never use it for a world class trading platform.

Maybe on the front end.

The problem with PHP is exactly "it can do anything"(also literally).

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
mestar
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April 04, 2013, 05:58:19 AM
 #18316

They seriously need that PR person

That's not only what they do not need. That's exactly the opposite of what they need.

laughingbear
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April 04, 2013, 06:07:20 AM
 #18317

They seriously need that PR person

That's not only what they do not need. That's exactly the opposite of what they need.



they need an animal to slander them?
mestar
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April 04, 2013, 07:02:08 AM
 #18318

They seriously need that PR person

That's not only what they do not need. That's exactly the opposite of what they need.



they need an animal to slander them?

There is a strange sound in the engine of my car.  I need to buy a louder audio system.

lebing
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April 04, 2013, 08:29:27 AM
 #18319

Here we go...

I hope the hamsters can keep up this time.

Bro, do you even blockchain?
-E Voorhees
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April 04, 2013, 09:50:06 AM
 #18320

Can someone cut-n-paste the Gox statement?  I'm in China for now and FB is blocked.
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