Thank you MtGox for once again causing a massive drop - GoFuckYourself.com

Dirty F · 04-13-2013, 02:04 PM

From 120 dollars to 80 because of your shitty servers.
100k profit a day and they can't manage to set up servers that handle a few 1000 trades.
These idiots are killing Bitcoin!

Every fucking time it goes up their servers go down. Either by ddos or their c64 servers.

It's so fucking annoying to see this happen over and over again.

Supz · 04-13-2013, 02:07 PM

Dirty F · 04-13-2013, 02:10 PM

Quote:

Originally Posted by Supz

God, you delusional imbecile.

On ignore you, together with all the other idiots.
Bye!

Supz · 04-13-2013, 02:13 PM

Quote:

Originally Posted by Dirty F

God, you delusional imbecile.

On ignore you, together with all the other idiots.
Bye!

You are the annoying imbecile with your 100 bitcoins threads.

Out trolled.

BareBacked · 04-13-2013, 02:33 PM

Quote:

Originally Posted by Dirty F

From 120 dollars to 80 because of your shitty servers.
100k profit a day and they can't manage to set up servers that handle a few 1000 trades.
These idiots are killing Bitcoin!

Every fucking time it goes up their servers go down. Either by ddos or their c64 servers.

It's so fucking annoying to see this happen over and over again.

How do you know they are making $100k a day?

DWB · 04-13-2013, 02:36 PM

Quote:

Originally Posted by Dirty F

From 120 dollars to 80 because of your shitty servers.
100k profit a day and they can't manage to set up servers that handle a few 1000 trades.
These idiots are killing Bitcoin!

Every fucking time it goes up their servers go down. Either by ddos or their c64 servers.

It's so fucking annoying to see this happen over and over again.

I really don't buy into the crappy servers part. That could be fixed in a day or less if they really wanted to.

Supz · 04-13-2013, 02:40 PM

They are manipulating the price on purpose. He doesnt get it. He thinks an insider.

Dirty F · 04-13-2013, 02:40 PM

Quote:

Originally Posted by DWB

I really don't buy into the crappy servers part. That could be fixed in a day or less if they really wanted to.

Well what is it then. So far their excuses were ddos and hardware problems.
What else could it be?

Dirty F · 04-13-2013, 02:43 PM

Quote:

Originally Posted by BareBacked

How do you know they are making $100k a day?

I read that at several places.

DWB · 04-13-2013, 02:45 PM

Quote:

Originally Posted by Dirty F

Well what is it then. So far their excuses were ddos and hardware problems.
What else could it be?

I believe the ddos, I just find it hard to believe they keep having hardware issues. I mean, if I had the same problem it would be fixed in the day and I'm small potatoes. It's not like they are not making money and the entire currency is riding on them right now, so you would think it would get fixed asap.

Dirty F · 04-13-2013, 02:52 PM

Quote:

Originally Posted by DWB

I believe the ddos, I just find it hard to believe they keep having hardware issues. I mean, if I had the same problem it would be fixed in the day and I'm small potatoes. It's not like they are not making money and the entire currency is riding on them right now, so you would think it would get fixed asap.

Yeah i can't understand this either. Ok, they're growing like crazy but it's nothing compared to many other operations. With the amount of money they make they should've been able to fix this a long time ago already.
I'm thinking what else could be a reason but can't find anything. Anything else would quickly turn into crazy conspiracies. Which i won't say is impossible. But very unlikely.

Penny24Seven · 04-13-2013, 02:57 PM

no point in saying much cause franck ignores my questions.
This is just a thread to point back on when it crashes so the bitcoin jerkers have something to blame it on. It is probably the case though but had this not went on bitcoin would have made it to 100K

Penny24Seven · 04-13-2013, 03:01 PM

where you see a bunch of money to be made you will find people looking for ways to fuck the system, I bet this has something to do with it

Dirty F · 04-13-2013, 03:02 PM

Quote:

Originally Posted by Brian837

no point in saying much cause franck ignores my questions.
This is just a thread to point back on when it crashes so the bitcoin jerkers have something to blame it on. It is probably the case though but had this not went on bitcoin would have made it to 100K

Blah blah

DWB · 04-13-2013, 03:02 PM

Quote:

Originally Posted by Dirty F

Yeah i can't understand this either. Ok, they're growing like crazy but it's nothing compared to many other operations. With the amount of money they make they should've been able to fix this a long time ago already.
I'm thinking what else could be a reason but can't find anything. Anything else would quickly turn into crazy conspiracies. Which i won't say is impossible. But very unlikely.

I don't know enough about it to say, but do they have anything to gain as a company by crashing btc every so often?

Dirty F · 04-13-2013, 03:03 PM

Quote:

Originally Posted by Brian837

where you see a bunch of money to be made you will find people looking for ways to fuck the system, I bet this has something to do with it

Yup, that is possible.

Dirty F · 04-13-2013, 03:04 PM

Quote:

Originally Posted by DWB

I don't know enough about it to say, but do they have anything to gain as a company by crashing btc every so often?

I doubt it. But ofcourse a nice conspiracy would be them getting paid by big investers to cause a crash at certain times.

pimpmaster9000 · 04-13-2013, 03:07 PM

Quote:

Originally Posted by Dirty F

From 120 dollars to 80 because of your shitty servers.
100k profit a day and they can't manage to set up servers that handle a few 1000 trades.
These idiots are killing Bitcoin!

Every fucking time it goes up their servers go down. Either by ddos or their c64 servers.

It's so fucking annoying to see this happen over and over again.

same thing happened to egold exchangers...constant bullshit excuses why you can not trade...sound familiar?

they tried to slow down the crash by slowing down trade in total and hoping most people would simply give up and the pressure of the bubble would reduce...it was a big mistake on their part because things like this purge out the good users and leave the scammers and inside guys...

deja vu...

Google Expert · 04-13-2013, 03:27 PM

Quote:

Originally Posted by Dirty F

Well what is it then. So far their excuses were ddos and hardware problems.
What else could it be?

virtual "currency" not backed up by ANYTHING or anyone

what could go wrong, indeed?

nexcom28 · 04-13-2013, 03:38 PM

How did Mt.gox end up being the primary exchange for bitcoins anyway?

Dirty F · 04-13-2013, 03:51 PM

Quote:

Originally Posted by nexcom28

How did Mt.gox end up being the primary exchange for bitcoins anyway?

No clue really. Maybe they were the first?

woj · 04-13-2013, 03:59 PM

in their reddit AMA they said it takes up to 1 month to setup new servers

they can't possibly be THAT incompetent?

Dirty F · 04-13-2013, 04:03 PM

Quote:

Originally Posted by woj

in their reddit AMA they said it takes up to 1 month to setup new servers

they can't possibly be THAT incompetent?

Wtf? 1 month?? I can't believe that.

DWB · 04-13-2013, 04:24 PM

Quote:

Originally Posted by woj

in their reddit AMA they said it takes up to 1 month to setup new servers

they can't possibly be THAT incompetent?

That just doesn't make any damn sense. And people on reddit are believing that?

woj · 04-13-2013, 04:32 PM

Quote:

Originally Posted by DWB

That just doesn't make any damn sense. And people on reddit are believing that?

yea, looks like they don't even question it...

"Upgrading computer systems means ordering more servers (2 weeks timeframe), setting up (1 day), load testing (2 weeks) and deployment (1 day). It's a process that can take up to one month in total. "

http://www.reddit.com/r/Bitcoin/comm...re_mt_gox_ama/

dyna mo · 04-13-2013, 04:45 PM

i'm not sure it doesn't make sense for a couple reasons.

they have to be able to transact down 9 decimal places right? that's a lot of processing power to process 1000s and 1000s of exchanges for 1 satoshi (.000000001 btc)

+ the contractor, can't just do a goog search for a random company to come in and scale this, that's what mtgox did in 2011, resulting in the stolen database and subsequent crash of june 2011

food for thought.

mrgica · 04-13-2013, 04:50 PM

Sounds like an sound investment

There is an idiot born every second!

I was that idiot once, but I educated myself!!

Sly · 04-13-2013, 04:57 PM

Quote:

Originally Posted by woj

yea, looks like they don't even question it...

"Upgrading computer systems means ordering more servers (2 weeks timeframe), setting up (1 day), load testing (2 weeks) and deployment (1 day). It's a process that can take up to one month in total. "

http://www.reddit.com/r/Bitcoin/comm...re_mt_gox_ama/

Two weeks? LOL. They need a better supplier/web hosting company! They should also be ahead of schedule. They should have spare servers on standby, waiting and ready for any failure.

Sly · 04-13-2013, 04:58 PM

Quote:

Originally Posted by dyna mo

i'm not sure it doesn't make sense for a couple reasons.

they have to be able to transact down 9 decimal places right? that's a lot of processing power to process 1000s and 1000s of exchanges for 1 satoshi (.000000001 btc)

+ the contractor, can't just do a goog search for a random company to come in and scale this, that's what mtgox did in 2011, resulting in the stolen database and subsequent crash of june 2011

food for thought.

That's really just an excuse. They should be prepared and ready for things like this.

woj · 04-13-2013, 05:00 PM

Quote:

Originally Posted by dyna mo

i'm not sure it doesn't make sense for a couple reasons.

they have to be able to transact down 9 decimal places right? that's a lot of processing power to process 1000s and 1000s of exchanges for 1 satoshi (.000000001 btc)

+ the contractor, can't just do a goog search for a random company to come in and scale this, that's what mtgox did in 2011, resulting in the stolen database and subsequent crash of june 2011

food for thought.

the number of trades is what counts, the size of the trades doesn't matter much, and they don't trade that much, about 15k trades per day... which is fuck all...

obviously they shouldn't just hire some random contractor off the street, they should hire some known, reliable, etc company...

but you bring up a good point, how can bitcoins have a future, if any programmer or site/app owner working with anything bitcoin related can anonymously without any trace steal coins so easily? at anytime they can play the "sorry, we got hacked" card and walk away with millions worth of bitcoins?

dyna mo · 04-13-2013, 05:08 PM

Quote:

Originally Posted by Sly

That's really just an excuse. They should be prepared and ready for things like this.

Quote:

Originally Posted by woj

the number of trades is what counts, the size of the trades doesn't matter much, and they don't trade that much, about 15k trades per day... which is fuck all...

obviously they shouldn't just hire some random contractor off the street, they should hire some known, reliable, etc company...

but you bring up a good point, how can bitcoins have a future, if any programmer or site/app owner working with anything bitcoin related can anonymously without any trace steal coins so easily? at anytime they can play the "sorry, we got hacked" card and walk away with millions worth of bitcoins?

i'm with you, but, i'm not sure, this current hype bubble seems to have taken everybody by suprise, perhaps they were prepped to scale but had not anticipated such a drastic uptick in orders?

don't get me wrong, mtgox is THE issue with btc right now.

dyna mo · 04-13-2013, 05:11 PM

Quote:

Originally Posted by woj

but you bring up a good point, how can bitcoins have a future, if any programmer or site/app owner working with anything bitcoin related can anonymously without any trace steal coins so easily? at anytime they can play the "sorry, we got hacked" card and walk away with millions worth of bitcoins?

it can happen, some good threads over at bitcointalk about that, otc trading, etc, way over my head but there is a consensus that there will be a transition away from exchanges as they exist right now.

BareBacked · 04-13-2013, 07:22 PM

is MtGox owned by who ever started bitcoin or could anyone potentially open an exchange?

adulttraffic · 04-13-2013, 07:29 PM

Quote:

Originally Posted by Dirty F

I read that at several places.

If its posted on the internet it must be true. They cant post anything that isn't true on the internet.

slapass · 04-13-2013, 07:40 PM

There was several exchanges over the last few years but mtgox is the one that survived.

Helix · 04-13-2013, 07:43 PM

I think that if the bitcoin continues to be traded and work that governments will step in to curb the trading because they are terrified of the thought of an alternative to their own currency.

AdultPornMasta · 04-13-2013, 07:47 PM

Quote:

Originally Posted by Helix

I think that if the bitcoin continues to be traded and work that governments will step in to curb the trading because they are terrified of the thought of an alternative to their own currency.

And governments would do that just how?

Seriously, I am looking for your input on this matter.

helterskelter808 · 04-13-2013, 08:24 PM

^ Uh, for example, by making it illegal to have anything to do with bitcoin or do business or have any other connection to anyone who has anything to do with bitcoin.

Quote:

Originally Posted by BareBacked

is MtGox owned by who ever started bitcoin or could anyone potentially open an exchange?

Anyone can potentially open an exchange and anyone can potentially start their own 'bitcoin' currency.

Due · 04-13-2013, 08:45 PM

Quote:

Originally Posted by woj

yea, looks like they don't even question it...

"Upgrading computer systems means ordering more servers (2 weeks timeframe), setting up (1 day), load testing (2 weeks) and deployment (1 day). It's a process that can take up to one month in total. "

http://www.reddit.com/r/Bitcoin/comm...re_mt_gox_ama/

this is their DNS:
nameserver: ns-964.awsdns-56.net
nameserver: ns-1273.awsdns-31.org
nameserver: ns-1583.awsdns-05.co.uk
nameserver: ns-277.awsdns-34.com

Isn't that Amazon ? I thought that its all cloud based
anyone know the size of these attacks ? Cloudflare have handled attacks in the size of 200 Gbps. Not sure how often people need to buy new hardware for their cloud hosting or why they even use web-hosts that doesn't specialize in DDoS prevention.

DBS.US · 04-13-2013, 08:46 PM

Quote:

Originally Posted by AdultPornMasta

And governments would do that just how?

Seriously, I am looking for your input on this matter.

Bitcoin Tax

Supz · 04-13-2013, 08:49 PM

Quote:

Originally Posted by Due

this is their DNS:
nameserver: ns-964.awsdns-56.net
nameserver: ns-1273.awsdns-31.org
nameserver: ns-1583.awsdns-05.co.uk
nameserver: ns-277.awsdns-34.com

Isn't that Amazon ? I thought that its all cloud based
anyone know the size of these attacks ? Cloudflare have handled attacks in the size of 200 Gbps. Not sure how often people need to buy new hardware for their cloud hosting or why they even use web-hosts that doesn't specialize in DDoS prevention.

This is the problem with companies like this. Trying to save a penny. If they are making as much as they say they are making. They should be able to afford their own cage/hardware/network equipment and should hire a CIO who knows what the fuck they are doing, with the right equipment, network infrastructure, load balancing etc. These issues would never occur. They should have their own multi gigE backbone and not rely on someone else for things like this.

AdultPornMasta · 04-13-2013, 08:51 PM

Quote:

Originally Posted by DBS.US

Bitcoin Tax

Good luck with that one!

For USA, offshore corp, offshore account and the USA government can go fuck itself.

Why the extrememe fluctuations?

One word.

Cyprus.

Nathan · 04-13-2013, 08:52 PM

Quote:

Originally Posted by Dirty F

I read that at several places.

Actually, this one is rather easy to figure out...

anything below 1000 bitcoins or less is 0.5% fee. It goes up to 0.6%. Considering most trades are FAR BELOW 1000 bitcoins, it is safe to use 0.5% as an average, it is likely too low.

Volume traded each day is roughly 200k. Likely closer to 250k.

That is thus at least 1000 Bitcoins a day. Since I am SURE they take their commission in hard currency, not in Bitcoins (at least they should), that even at $50 BTC value is already 50k a day in revenue. Considering BTC is trading above $100, that the volume is closer to 250k and was up to 400k in the past days. In the last days, they made far more than 100k a day in revenue. So 100k profit at least the last few days is likely true.

Helix · 04-13-2013, 08:53 PM

Quote:

Originally Posted by AdultPornMasta

And governments would do that just how?

Seriously, I am looking for your input on this matter.

I really don't know but I had the television on today and there was a mention of bitcoin and the volatility of late and how unstable it was. They were presenting it as a bad thing. The statement was that some volatility was a good thing but it has been too extreme. I didn't catch the whole story but it is on the gov's radar. If they are watching there is no telling what they would do.

AdultPornMasta · 04-13-2013, 08:53 PM

Quote:

Originally Posted by Supz

This is the problem with companies like this. Trying to save a penny. If they are making as much as they say they are making. They should be able to afford their own cage/hardware/network equipment and should hire a CIO who knows what the fuck they are doing, with the right equipment, network infrastructure, load balancing etc. These issues would never occur. They should have their own multi gigE backbone and not rely on someone else for things like this.

They will fix it.

Just watch.

Don't panic.

dyna mo · 04-13-2013, 08:55 PM

they don't host their shit on amazon.

they do have their own hardware.

the world currency markets are how big? 100 trillion$ 150 trillion$?
yet *the government!* is going to swoop down on little ole bitcoin?

not anytime soon.

moreover, the federal treasury is run by wall street fancy pants, they have yet to rape and pillage btc.

*the government!* won't be making btc illegal anytime soon, if ever.

AdultPornMasta · 04-13-2013, 08:55 PM

Quote:

Originally Posted by Helix

I really don't know but I had the television on today and there was a mention of bitcoin and the volatility of late and how unstable it was. They were presenting it as a bad thing. The statement was that some volatility was a good thing but it has been too extreme. I didn't catch the whole story but it is on the gov's radar. If they are watching there is no telling what they would do.

Fuck governments.

dyna mo · 04-13-2013, 08:58 PM

Quote:

Originally Posted by Helix

I really don't know but I had the television on today and there was a mention of bitcoin and the volatility of late and how unstable it was. They were presenting it as a bad thing. The statement was that some volatility was a good thing but it has been too extreme. I didn't catch the whole story but it is on the gov's radar. If they are watching there is no telling what they would do.

*the government!* issued rules for virtual-currency via fincen, the regulatory branch of the federal reserve, legitimizing bitcoin.

L-Pink · 04-13-2013, 09:09 PM

Yahoo news Saturday;

"Bitcoin’s Value Drops 80 Percent In 24 Hours"

http://smallbusiness.yahoo.com/advis...--finance.html

.

- Jesus Christ - · 04-13-2013, 09:12 PM

...after rising more than 100,000 percent in 4 years

http://bitcoincharts.com/charts/mtgo...zm1g10zm2g25zl

04-13-2013, 02:04 PM	#1
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Thank you MtGox for once again causing a massive drop From 120 dollars to 80 because of your shitty servers. 100k profit a day and they can't manage to set up servers that handle a few 1000 trades. These idiots are killing Bitcoin! Every fucking time it goes up their servers go down. Either by ddos or their c64 servers. It's so fucking annoying to see this happen over and over again.

04-13-2013, 02:57 PM	#12
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,289	no point in saying much cause franck ignores my questions. This is just a thread to point back on when it crashes so the bitcoin jerkers have something to blame it on. It is probably the case though but had this not went on bitcoin would have made it to 100K __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

04-13-2013, 03:01 PM	#13
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,289	where you see a bunch of money to be made you will find people looking for ways to fuck the system, I bet this has something to do with it __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

04-13-2013, 03:59 PM	#22
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,883	in their reddit AMA they said it takes up to 1 month to setup new servers they can't possibly be THAT incompetent? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

04-13-2013, 04:50 PM	#27
mrgica Confirmed User Industry Role: Join Date: Jan 2004 Posts: 2,169	Sounds like an sound investment There is an idiot born every second! I was that idiot once, but I educated myself!! __________________ Fuck it dude, lets go bowling

04-13-2013, 02:07 PM	#2
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,057

04-13-2013, 02:40 PM	#7
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,057	They are manipulating the price on purpose. He doesnt get it. He thinks an insider.

04-13-2013, 03:38 PM	#20
nexcom28 So Fucking Banned Join Date: Jan 2005 Posts: 3,716	How did Mt.gox end up being the primary exchange for bitcoins anyway?

04-13-2013, 04:45 PM	#26
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 61,646	i'm not sure it doesn't make sense for a couple reasons. they have to be able to transact down 9 decimal places right? that's a lot of processing power to process 1000s and 1000s of exchanges for 1 satoshi (.000000001 btc) + the contractor, can't just do a goog search for a random company to come in and scale this, that's what mtgox did in 2011, resulting in the stolen database and subsequent crash of june 2011 food for thought.

04-13-2013, 07:22 PM	#33
BareBacked Confirmed User Join Date: Feb 2007 Location: www.BareBacked.com Posts: 3,685	is MtGox owned by who ever started bitcoin or could anyone potentially open an exchange? __________________ NEW SITE PAYING $30 for a $1 TRIAL Selfies

04-13-2013, 07:40 PM	#35
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,626	There was several exchanges over the last few years but mtgox is the one that survived.

04-13-2013, 07:43 PM	#36
Helix Confirmed User Join Date: Feb 2002 Location: Michigan Posts: 5,738	I think that if the bitcoin continues to be traded and work that governments will step in to curb the trading because they are terrified of the thought of an alternative to their own currency. __________________ burp

04-13-2013, 08:55 PM	#46
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 61,646	they don't host their shit on amazon. they do have their own hardware. the world currency markets are how big? 100 trillion$ 150 trillion$? yet the government! is going to swoop down on little ole bitcoin? not anytime soon. moreover, the federal treasury is run by wall street fancy pants, they have yet to rape and pillage btc. the government! won't be making btc illegal anytime soon, if ever. Last edited by dyna mo; 04-13-2013 at 08:56 PM..

04-13-2013, 09:09 PM	#49
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,152	Yahoo news Saturday; "Bitcoin’s Value Drops 80 Percent In 24 Hours" http://smallbusiness.yahoo.com/advis...--finance.html .

04-13-2013, 09:12 PM	#50
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	...after rising more than 100,000 percent in 4 years http://bitcoincharts.com/charts/mtgo...zm1g10zm2g25zl __________________ Amen