batcoin
Full Member
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Activity: 238
Merit: 100
In Gord We Trust
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April 13, 2013, 07:46:45 PM |
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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.
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If you have more than 0.01BTC and complain about early adopters, please consider donating to this address: 1P11Dz4mhDcJvetHqEJu35KNEVqSRmqo3b General Tips: 1P4YfrYwQKKtfwszzb2aHgLVLiWQCrJfwi
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 13, 2013, 07:47:49 PM |
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clarkmoody down, nooooooo
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just1nmc
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April 13, 2013, 07:48:04 PM |
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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.
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M4v3R
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April 13, 2013, 07:50:42 PM |
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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.
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Digikeys
Member
Offline
Activity: 115
Merit: 10
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April 13, 2013, 07:50:55 PM |
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clarkmoody down, nooooooo
working fine here??
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Newscastix
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April 13, 2013, 07:51:04 PM |
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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.. on a weekend... AFTER tuning their database
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 13, 2013, 07:51:29 PM |
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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.
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GreekGeek
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April 13, 2013, 07:51:41 PM |
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Oh yes, and the decision to abolish trading fees, what bullshit. I would have added a $1 upfront per order.
+1
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retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 13, 2013, 07:52:17 PM |
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clarkmoody down, nooooooo
working fine here?? yep, it lagged for a minute, it's good now
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positive
Newbie
Offline
Activity: 18
Merit: 0
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April 13, 2013, 07:53:59 PM |
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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.
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Jaques
Member
Offline
Activity: 112
Merit: 10
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April 13, 2013, 07:54:08 PM |
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down to 99 apparently with little volume
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Jaques
Member
Offline
Activity: 112
Merit: 10
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April 13, 2013, 07:55:47 PM |
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96
some 150 btc chunks sold
and back to 101,6x
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DougTanner
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April 13, 2013, 07:56:37 PM |
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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
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just1nmc
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April 13, 2013, 07:57:05 PM |
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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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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 13, 2013, 07:57:41 PM |
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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.
I've been trying on facebook and twitter. Their support desk sucks and always takes forever. No responses yet... they are all sleeping. Insane communication... they are horrible. ALl they need to say is 'we are working on it' but they don't. The seem to panic and freeze and say nothing. At least it feels like that.
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dmiceman
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April 13, 2013, 07:57:50 PM |
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Lag increasing...
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ManBearPig
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April 13, 2013, 07:58:28 PM |
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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. I really, really beg to differ.
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Jaques
Member
Offline
Activity: 112
Merit: 10
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April 13, 2013, 07:59:31 PM |
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101
i think it was just online vendors converting btx to fiat ...
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M4v3R
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April 13, 2013, 08:00:11 PM |
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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.
It's their incompetence, nothing else. If I would guess how their system works, I would say: Their "trading engine" is just a PHP script that keeps a queue of orders, and executes them synchronously with each trade being it's own locking transaction to prevent errors. PHP isn't exactly known for its raw processing speed, nor is MySQL, by default. Of course there ARE high-volume sites using PHP, but they often use many tricks to make it run faster (like Facebook which uses PHP but recompiles parts of it to barebones C, lookup "HipHop" for more details). They've said that upon executing an order they have to check all matching orders for their validity. This means grabbing a ton of data from MySQL and iterating over it. This, combined with slow message queue (which as I said probably is just a PHP script, not a 0MQ or something else), gives us what we see now. And when people see lag, they sell even more, thus adding more to the already blocked queue. Remember, the site was designed to trade Magic the Gathering cards, not trading thousands of Bitcoins per minute.
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hmmmstrange
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April 13, 2013, 08:00:28 PM |
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-Only allow verified accounts to trade (and close accounts that are obviously attacking the system)
Confiscate accounts and when the owner asks for the funds back, publish their info.
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