Adrian-x
Legendary
 Offline
Activity: 1372
Merit: 1000
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April 10, 2013, 07:42:17 PM |
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Watching this I can't help contemplating the following thought: MtGox has resorted to fractional reserve banking. While in fall they are selling high and buying low. The Lag is a result of processing those orders out of turn to keep their balance sheet solvent.  |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Nemesis
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April 10, 2013, 07:44:10 PM |
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take that 150 wall down, dont let him pull it.
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Nemesis
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April 10, 2013, 07:51:47 PM |
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I cant buy now OR sell, hit the button and nothing happens, what an absolutely travesty
and as long as we continue rewarding Gox with our business we get what we deserve We need institutional help. NEED IT. How on earth do they keep letting this happen. There will be lawsuits. I'm working on a new matching engine. Its the engine behind orderbook keeping. My vision is to have a protocol that handle orderbook keeping to give CONCURRENT orders matching. Its will be fully decentralized. The exchanges will then just a front end using this protocol. Exchanges will be competing purely on services fee and local banking connection. I know its not very clear right now but bitcoin will need this to survive. |
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MoneyIsDebt
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April 10, 2013, 07:53:14 PM |
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I didn't get Goxxed this time. But I did get Stamped. Unable to log in throughout this farce.
I'm tempted to build my own exchange. With blackjack and hookers. Come to think of it, forget about the exchange.
Ah screw the whole thing.
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Terpie
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April 10, 2013, 07:55:25 PM |
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For those that don't understand. The reason you see a $50 spread is because people placed market orders with an hour of lag. Everyone that is buying at $150 right now is probably pretty pissed, along with the people selling for $105. That's probably the biggest problem with the Gox lag. Unfortunately, those people probably don't even know Gox lags at all.
BTW, here comes the bounce.
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Geddi
Member
Offline
Activity: 98
Merit: 10
It's the muffins that must be stopped.
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April 10, 2013, 07:58:23 PM |
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I'm tempted to build my own exchange. With blackjack and hookers. Best idea I heard in ages! I sure hope someone from NYSE or euronext reads this thread and picks it up  |
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Jaques
Member
Offline
Activity: 112
Merit: 10
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April 10, 2013, 08:01:01 PM |
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I cant buy now OR sell, hit the button and nothing happens, what an absolutely travesty
and as long as we continue rewarding Gox with our business we get what we deserve We need institutional help. NEED IT. How on earth do they keep letting this happen. There will be lawsuits. I'm working on a new matching engine. Its the engine behind orderbook keeping. My vision is to have a protocol that handle orderbook keeping to give CONCURRENT orders matching. Its will be fully decentralized. The exchanges will then just a front end using this protocol. Exchanges will be competing purely on services fee and local banking connection. I know its not very clear right now but bitcoin will need this to survive. sounds good, cant wait seeing it |
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Nemesis
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April 10, 2013, 08:01:54 PM |
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I cant buy now OR sell, hit the button and nothing happens, what an absolutely travesty
and as long as we continue rewarding Gox with our business we get what we deserve We need institutional help. NEED IT. How on earth do they keep letting this happen. There will be lawsuits. I'm working on a new matching engine. Its the engine behind orderbook keeping. My vision is to have a protocol that handle orderbook keeping to give CONCURRENT orders matching. Its will be fully decentralized. The exchanges will then just a front end using this protocol. Exchanges will be competing purely on services fee and local banking connection. I know its not very clear right now but bitcoin will need this to survive. I want to make clarification of the bold part: my engine will be able to do INSERT and MATCHING operations concurrently per price level. I've looked at bitfloor's. I believe this is what caused all the lags on MtGox. |
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Richy_T
Legendary
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Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 10, 2013, 08:02:43 PM |
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BTW, here comes the bounce.
*Spits the cyanide capsule out into his hand* |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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stereotype
Legendary
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Activity: 1554
Merit: 1000
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April 10, 2013, 08:03:19 PM |
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Max Keiser @maxkeiser 1m / Twitter
"As for price action on BTC; this takes us back to roughly a week ago. I have not sold a single BTC and am in fact buying more."
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Jokah
Member
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Activity: 69
Merit: 10
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April 10, 2013, 08:05:53 PM |
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Has anyone managed to get what could be considered some cheap coins out of this. Managed to get a couple my self  but I am struggling to get anymore. Orders just sitting there  Edit: Just got another  |
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just1nmc
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April 10, 2013, 08:08:24 PM |
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Very happy with my $106 bitcoins, but that was disgraceful. Taking them out of all exchanges until I find one that doesn't break down every week.
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_saiko
Newbie
Offline
Activity: 25
Merit: 0
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April 10, 2013, 08:09:46 PM |
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Buy buy buy!
Naturally if gox lag lets us...
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jasonpitts
Newbie
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Activity: 23
Merit: 0
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April 10, 2013, 08:11:10 PM |
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Has anyone managed to get what could be considered some cheap coins out of this. Managed to get a couple my self but I am struggling to get anymore. Orders just sitting there Edit: Just got another I sold LTC at 3.50 and bought BTC for 175, guess I should have waited longer, but I still hope to see the 300.00 price tag in a week. I don't know if it was a bad idea or not, but I have my fingers crossed. |
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Crazy
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April 10, 2013, 08:12:27 PM |
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Max Keiser @maxkeiser 1m / Twitter
"As for price action on BTC; this takes us back to roughly a week ago. I have not sold a single BTC and am in fact buying more."
It is beyond me why anyone would listen to this bumbling idiot. He works for a propaganda news network. He clearly has 0 dignity. Why would you listen to a word he has to say? What he fails to realize is that that week of capital just shifted from one set of users to another, so to disregard it as insignificant is pretty unapologetic. What happened to his $10billion in capital he was trying to get? What a dirt bag. |
Elon Krusky
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Jaques
Member
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Activity: 112
Merit: 10
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April 10, 2013, 08:13:38 PM |
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btc china already back to 200$ ...
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Jokah
Member
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Activity: 69
Merit: 10
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April 10, 2013, 08:16:51 PM |
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4 coins for $130-$150 each. That's all I got in my account so no more for me Good luck to all the believers! |
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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April 10, 2013, 08:18:07 PM
Last edit: April 10, 2013, 08:31:10 PM by Vandroiy |
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Max Keiser @maxkeiser 1m / Twitter
"As for price action on BTC; this takes us back to roughly a week ago. I have not sold a single BTC and am in fact buying more."
I'd not trust a word that guy says. Hasn't he been posting nonsense about a billion dollar coming so everybody hold? That's pump and dump (nobody with a billion dollars buying announces it in advance.) As for the price action... trollolol. It'll be even harder to keep the bubble going after this wake-up call. It'll burst, then some time to make up fantasy explanations without a bubble, and when the bust sets in there'll be drama for everyone. |
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shad0wbitz
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April 10, 2013, 08:19:06 PM
Last edit: April 10, 2013, 08:40:44 PM by shad0wbitz |
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Sorry guys. I thought I leave this here for y'all BWAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAAAAAAA WHAT A FRENCHY HOMO! |
GOX SUX COX!The true faces of the Bitcoinica / Intersango SCAM! - Bitcoin was born in the shad0ws, for the shad0ws.
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