Kazu
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April 13, 2013, 06:58:07 PM |
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How can people say that the lag is caused by selloffs now. There was NO selloff going on, BTC had been at almost exactly $110 for nearly 12 hours. Yet people are running around trolling about Gox trying to manipulate the price upward with lag.
I was watching live, there was a decent sell off, and it broke the price triangle downwards, and that was the start of the lag. I was watching too. The triangle formed around $110, there was a "break" upwards, turned out to only bring it to $120 then down to $115, where it stayed for a while, then there was a "break" downwards, turned out to only bring it down to $110 again, stayed there for a bit lag kicked in and now we are screwed. This, the triangle broke upwards many hours ago. In terms of lag, Coined, you experienced it first hand, I didn't. Whatever is happening right now is unacceptable. There is very little activity. I don't get it.
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ManBearPig
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April 13, 2013, 06:58:26 PM |
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This is what I'm saying: I'm looking at ALL trades on multiple charts, I don't see a ton of 0.01 or 0.02 trades, just normal, low-volume trade going on.
The attackers choose a high and a low point:
Put in spread bids at desired low-price, begin sell-off and commence DDoS at the same time.
This is the only thing that makes sense unless you have a tin-foil hat.
Would be interesting to look at the pattern of Bid wall development right before this happens.
I should screen record the next one.
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tbcoin
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April 13, 2013, 06:59:51 PM |
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Btccharts wall pic please
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NamelessOne
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April 13, 2013, 07:00:14 PM |
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Lag appeared to be dropping rapidly a couple minutes ago. Fell from 30+ and settled around 28 and is hovering.
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Digikeys
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April 13, 2013, 07:00:43 PM |
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This is what I'm saying: I'm looking at ALL trades on multiple charts, I don't see a ton of 0.01 or 0.02 trades, just normal, low-volume trade going on.
The attackers choose a high and a low point:
Put in spread bids at desired low-price, begin sell-off and commence DDoS at the same time.
This is the only thing that makes sense unless you have a tin-foil hat.
Would be interesting to look at the pattern of Bid wall development right before this happens.
I should screen record the next one.
mtgox.com is still up and responding well tho?
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ManBearPig
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April 13, 2013, 07:01:54 PM |
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This is what I'm saying: I'm looking at ALL trades on multiple charts, I don't see a ton of 0.01 or 0.02 trades, just normal, low-volume trade going on.
The attackers choose a high and a low point:
Put in spread bids at desired low-price, begin sell-off and commence DDoS at the same time.
This is the only thing that makes sense unless you have a tin-foil hat.
Would be interesting to look at the pattern of Bid wall development right before this happens.
I should screen record the next one.
mtgox.com is still up and responding well tho? Yes indeed the front-end and trade servers MUST BE different for sure.
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proudhon
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April 13, 2013, 07:02:01 PM |
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Btccharts wall pic please
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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EnergyVampire
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April 13, 2013, 07:02:37 PM |
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Lag appeared to be dropping rapidly a couple minutes ago. Fell form 30+ and settled around 28 and is hovering.
Is it possible the lag is caused by too many people updating/entering orders simultaneously?
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stereotype
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April 13, 2013, 07:04:25 PM |
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This is what I'm saying: I'm looking at ALL trades on multiple charts, I don't see a ton of 0.01 or 0.02 trades, just normal, low-volume trade going on.
The attackers choose a high and a low point:
Put in spread bids at desired low-price, begin sell-off and commence DDoS at the same time.
This is the only thing that makes sense unless you have a tin-foil hat.
Would be interesting to look at the pattern of Bid wall development right before this happens.
I should screen record the next one.
0.04's at the moment.
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dmiceman
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April 13, 2013, 07:05:16 PM |
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Yes indeed the front-end and trade servers MUST BE different for sure.
Looks like you don't get my point. How external attackers can access servers inside gox infrastructure? This is pretty unbelievable.
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ManBearPig
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April 13, 2013, 07:07:00 PM |
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Lag appeared to be dropping rapidly a couple minutes ago. Fell form 30+ and settled around 28 and is hovering.
Is it possible the lag is caused by too many people updating their orders simultaneously? It would need to be a hell of a spike in order changing. I don't know what percentage of orders are short-lived, in that they are either market orders or Bid or Asks who almost immediately get filled. I suspect most orders are short-lived - just a hunch.
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dmiceman
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April 13, 2013, 07:10:21 PM |
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I know an answer. Gox just wish to register new Guinness book record -- slowest market crash in a history.
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Kazu
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April 13, 2013, 07:13:03 PM |
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Yes indeed the front-end and trade servers MUST BE different for sure.
Looks like you don't get my point. How external attackers can access servers inside gox infrastructure? This is pretty unbelievable. Step 1: Wait for spread. Step 2: Make 3 accounts. Step 3: Deposit 0.5 bitcoin into each. Step 4: Sell 0.5 bitcoin from one of them. Step 5: Make a bot that buys your own 0.5 bitcoin back over and over and over for 0% fee until spread closes.
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NamelessOne
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April 13, 2013, 07:13:18 PM |
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Lag appeared to be dropping rapidly a couple minutes ago. Fell form 30+ and settled around 28 and is hovering.
Is it possible the lag is caused by too many people updating their orders simultaneously? It would need to be a hell of a spike in order changing. I don't know what percentage of orders are short-lived, in that they are either market orders or Bid or Asks who almost immediately get filled. I suspect most orders are short-lived - just a hunch. Down to 25.50... and we get another big seller.
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ManBearPig
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April 13, 2013, 07:15:48 PM |
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I see the 0.04s surely they alone are not enough to cause this. Maybe they ARE a means of synchronising the attack somehow?
With free trades you could do this all day, only paying for the DDoS botnet time.
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ManBearPig
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April 13, 2013, 07:18:32 PM |
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Yes indeed the front-end and trade servers MUST BE different for sure.
Looks like you don't get my point. How external attackers can access servers inside gox infrastructure? This is pretty unbelievable. Step 1: Wait for spread. Step 2: Make 3 accounts. Step 3: Deposit 0.5 bitcoin into each. Step 4: Sell 0.5 bitcoin from one of them. Step 5: Make a bot that buys your own 0.5 bitcoin back over and over and over for 0% fee until spread closes. Yep, that works. I would imagine more accounts than 3 though.
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Missionary
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April 13, 2013, 07:19:50 PM |
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Mt.Gox is killing Bitcoin.
Lag --> Fear --> Selling --> More lag --> Panic --> Dumping --> Even more lag.
I have not touched Mt.Gox in a couple of years, but the prices on all other exchanges are suffering because of their failure.
Exodus!
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I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z You can find more information about my plans here: http://btcmission.com
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 13, 2013, 07:20:33 PM |
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Maybe there is another way... Changing a property about the order or something which doesn't cost the manipulator but is costly computationally and repeating it dozens or hundreds of times a second. Without being on the gox servers, no real way to tell.
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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Sitarow
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April 13, 2013, 07:26:22 PM |
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seleme
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Duelbits.com
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April 13, 2013, 07:27:55 PM |
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1500 btc wall on 100 half an hour ago. I guess that's broken long time ago.
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