Your naivety is amusing.
A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.
A basic i7 based box could easily handle thousands of transactions a second with sub 100ms lag; yet we are to believe that all these exchanges are running some relic 386 box running Windows 3.1. The exchanges are not there to serve the Bitcoin community, they are there to engage in price manipulation (likely collusive in nature) for their own gain. When they cannot move price action in a direction favourable to them they cry DDOS to allow them to pull the rug from under their customers and scalp some easy money that way.
Wow, you are an idiot, your idiocy is amusing, you have absolutely no idea what I said. You seem to think I am excusing the exchanges for being utterly incompetent? Perhaps I think that the exchanges are completely innocent and do not engage in price manipulation? You are a complete idiot and I suggest you STFU and stop putting words in my mouth. I merely mentioned DDoSes and I didn't even mention DDoSes at GOX. Are exchanges getting DDOS'ed? YES. Are they also utterly incompetent and operating below capacity? You can bet your britches they are. Did I say they aren't? No. Did you assume I did? Yes.
THIS IS A FREE MARKET AND INCENTIVE MECHANISMS ARE AT WORK. MTGOX MAKES MONEY DURING PANIC SELLS. OF COURSE they have a massive incentive to continue operating below capacity and causing massive panic sells. They make more money that way.
The only incentive they have to operate at or above capacity is to the extent that people will leave mtgox for better-performing exchanges, and this is simply not happening.
Again, you are an idiot, in this case I agree with you 100% regarding the incentive mechanisms at play here, yet you made assumptions and put words in my mouth. So I had to take you down a notch
dumbass. You retort is worth its weight in bitcoins
You clearly think there is some DDOS activity going on, and yet there is no independent evidence of this. It seems rather convenient that these DDOS events did not strike when Bitcoin was soaring, and yet seem epidemic now that the exchanges are having difficulty reinflating the bubble.
Well I think DDOS is probably real as there is an independent company helping Mt. Gox deal with. Also network admins last night posted SNMP graphs of switch ports that suddenly were getting massive gigabits of traffic. Unlikely to be a sell of based on the graphs before it kicked off. Looks like a DDOS however, exchanges deal with it all the time. Mt Gox could architect and handle this better. That can not be done in 12 hours though.