Wall Observer - MtGoxUSD wall movement tracker

[ElectricMucus]

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?

How long does it take for a cpu to count from 1 to 10000?

[NamelessOne]

So far I'm pretty impressed by the market through this. Its been over an hour and it has been a very slow decline. A couple panics but not a ton.

[ManBearPig]

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?

I'm sure the trading engine wouldn't let a single IP address create that many orders, so it has to be distributed.

[wonkytonky]

if this happens.. they should block all incomming  new orders.. until lag is gone..  

[essem]

So far I'm pretty impressed by the market through this. Its been over an hour and it has been a very slow decline. A couple panics but not a ton.

I'm pretty sure it's not going to look so pretty once the lag is over

[essem]

Looks like a lot of limit orders at 105 are going to get burned

[jl2012]

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?

I'm sure the trading engine wouldn't let a single IP address create that many orders, so it has to be distributed.

Sure, I just make it looks simpler. You need thousands of dummy accounts

[DougTanner]

Ugh.

[hmmmstrange]

Is there a place i can bet on goxlag? Is anyone charting the lag?

[rpietila]

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.

[ManBearPig]

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.

[Digikeys]

fair chunk of the 100 wall gone...

[Jaques]

no lag @http://coinlab.com/ ...101,xx$

[seleme]

100 wall to fail in 3, 2, 1.

[M4v3R]

Are we going down? Gulp.

Yes.

[batcoin]

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.

[seleme]

clarkmoody down, nooooooo

[just1nmc]

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]

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]

clarkmoody down, nooooooo

working fine here??