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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649955 times)
rpietila
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April 13, 2013, 07:42:26 PM
 #22621

1. Deposit 1USD to a dummy account
2. Create 10000 bid orders of 0.01BTC at $0.01 slowly (without creating lag)
3. Sell off
4. Rapidly adding new orders to the dummy account
5. The MtG card trading engine is forced to re-evaluate the validity of the 10000 bid orders
6. 30 minutes lag
7. Profit

Does it work?

As it would be a one-click decision to disable this opportunity, yet Gox does not do it, despite frequent pleas from everyone I know, it can not be attributed to incompetence. They are doing it on purpose, and it is left to the reader, what this purpose is. (Please continue to sell off your coins at every instance of lag, you will be sure the lag remains until all your coins are gone.)

If I ever set up an exchange, such charade would never find its way to the order book.

Oh yes, and the decision to abolish trading fees, what bullshit. I would have added a $1 upfront per order.

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ManBearPig
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"Don't go in the trollbox, trollbox, trollbox"


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April 13, 2013, 07:43:17 PM
 #22622

Also: is it me or are the steps in the price drops since the attack started roughly the same length as the lag at the time?

You can see people react to the first, second and third drops about 28-30 minutes later.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
Digikeys
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April 13, 2013, 07:44:19 PM
 #22623

fair chunk of the 100 wall gone...
Jaques
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April 13, 2013, 07:45:14 PM
 #22624

no lag @http://coinlab.com/ ...101,xx$
seleme
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April 13, 2013, 07:45:17 PM
 #22625

100 wall to fail in 3, 2, 1.

M4v3R
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April 13, 2013, 07:46:23 PM
 #22626

Are we going down? Gulp.

Yes.
batcoin
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In Gord We Trust


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April 13, 2013, 07:46:45 PM
 #22627

I have been watching all the goxness with popcorn lately. I thought I would sign up and tinker around a bit today. I saw the price start moving and got back on and then found out that there was huge lag only after I had put a couple orders in. No feedback whatsoever. I tried to cancel them but it looked like they wouldn't cancel. Now I logged in again and it looks like either they never were listed or are in limbo or maybe gox canceled them. No clue.

All I can say is that a competent exchange can't open fast enough ffs. I have been sitting on the sidelines for the past two years because of gox's fuckups, just waiting to see some improvement. Not holding my breath though.

If you have more than 0.01BTC and complain about early adopters, please consider donating to this address: 1P11Dz4mhDcJvetHqEJu35KNEVqSRmqo3b
General Tips: 1P4YfrYwQKKtfwszzb2aHgLVLiWQCrJfwi
seleme
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April 13, 2013, 07:47:49 PM
 #22628

clarkmoody down, nooooooo

just1nmc
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April 13, 2013, 07:48:04 PM
 #22629

This is ridiculous. It rose all day and had no signs of going below $100.

Do people really believe that so many people simultaneously decided to sell that 30 minutes of lag was created?

This is clear manipulation that gox still hasn't been able to prevent.
M4v3R
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April 13, 2013, 07:50:42 PM
 #22630

This is ridiculous. It rose all day and had no signs of going below $100.

Do people really believe that so many people simultaneously decided to sell that 30 minutes of lag was created?

This is clear manipulation that gox still hasn't been able to prevent.

There is no manipulation here. Many bulls dropped from the game, and bears are prevailing now. The market always will go up and down, even a bear market. It's nothing unusual that it was rising for some time.
Digikeys
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April 13, 2013, 07:50:55 PM
 #22631

clarkmoody down, nooooooo

working fine here??
Newscastix
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April 13, 2013, 07:51:04 PM
 #22632

This is ridiculous. It rose all day and had no signs of going below $100.

Do people really believe that so many people simultaneously decided to sell that 30 minutes of lag was created?

This is clear manipulation that gox still hasn't been able to prevent.

39 mins & rising now.. Shocked on a weekend... Shocked AFTER tuning their database  Shocked Shocked Shocked
NamelessOne
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April 13, 2013, 07:51:29 PM
 #22633

This is ridiculous. It rose all day and had no signs of going below $100.

Do people really believe that so many people simultaneously decided to sell that 30 minutes of lag was created?

This is clear manipulation that gox still hasn't been able to prevent.
It is manipulation or incompetent bugs in their system. I question if ANY of them at Gox even know this is happening right now or if they are all just sleeping while their 24/7 exchange goes to hell.

ONE person sold 2000k form 115 down to 110. Then magically 10 minutes of lag had appeared within 5 minutes. It never stopped rising from there despite next to no real activity for most of that rise. The trading that has been happening is pretty typical and usually not laggy.
GreekGeek
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Jesus was a (Goddamn) hippy socialist


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April 13, 2013, 07:51:41 PM
 #22634


Oh yes, and the decision to abolish trading fees, what bullshit. I would have added a $1 upfront per order.

+1

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
seleme
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April 13, 2013, 07:52:17 PM
 #22635

clarkmoody down, nooooooo

working fine here??

yep, it lagged for a minute, it's good now

positive
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April 13, 2013, 07:53:59 PM
 #22636

Has anyone contacted Gox about this issue.Trade engie bug or manipulation clearly something's wrong and they should have a statement.Nobody can beleve this is a coincidence of too intensive trading as the prevous explanations.
Jaques
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April 13, 2013, 07:54:08 PM
 #22637

down to 99 apparently with little volume
Jaques
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April 13, 2013, 07:55:47 PM
 #22638

96

some 150 btc chunks sold

and back to 101,6x
DougTanner
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April 13, 2013, 07:56:37 PM
 #22639

This is ridiculous. It rose all day and had no signs of going below $100.

Do people really believe that so many people simultaneously decided to sell that 30 minutes of lag was created?

This is clear manipulation that gox still hasn't been able to prevent.

There is no manipulation here. Many bulls dropped from the game, and bears are prevailing now. The market always will go up and down, even a bear market. It's nothing unusual that it was rising for some time.

It's obviously someone exploiting the "have to refresh every open bid when any transaction is filled" in their shitty code. There are probably hundreds of dummy accounts with a thousand open bids (the limit according to Tux last time I asked).

It's such an easy fucking fix:
-Charge $1 per open order
or
-Limit the max number of open orders per account to 100 (or less)
or
-Only allow verified accounts to trade (and close accounts that are obviously attacking the system)
or
-All the above


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
just1nmc
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April 13, 2013, 07:57:05 PM
 #22640

I assume the BTC0.04 sells that have been going on through this whole thing are also a coincidence?

I'm not saying the price can't come back down, but there's nothing normal about how it's happening.
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