13.5k volume for today, you have to go back to Jan 5th to find a lower volume.


edit today is May 21 utc

Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low. Either they're stubborn and refuse to hire outside help. Or they don't want outside help because they are insider trading the fuck out of market orders. The more trades that queue up (during lag) the more they can make. Large market order? Hang on, lets buy up some limit orders from the front, re-sell them at the back of the market order and we never lose.

Mark Karpeles has stated they want to go legit in the US and it will cost 25M. Wait, 25M? You've maybe made 4-5M? You have 18 employees? Where's the other 20M+ coming from? He's either going to use our fiat or MtGox has been insider trading the fuck out of the exchange.

The only reason I can see them sticking with such a poorly designed/running trading engine, is because they don't want anyone seeing how it works. Combine that with the lofty goals they have and no way they could pay for them unless they've been ripping us off for years.

The whole site is shady, the CEO is shady, the sooner they're dead and gone the better.

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

Agreed, they're slower by orders of magnitude than they should be.  A friend of mine works for a company that designs & programs custom hardware used by these high speed traders.  Order are processed in 1-10 microseconds, not tens of milliseconds.  The kicker is that they're been slow for years, which is inexcusable.  And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp.  I hope the exchange spread lasts until funds arrive.

Thank you.

Plenty of single server databases can do 1000s of queries a second. They've made millions. WTF. Anyone who has done any works on databases, should realize there's a huge problem when the trading engine lags 1 minute, 5 minutes, 10 minutes? Huh?

To show how bad it is, here's a simple example of how you can lag the fuck out of MtGox.

Break MtGox Engine

The fact this works, shows how poorly the whole setup is designed. But wait, I don't own an exchange, I should just be quiet. Despite the fact it's PAINFULLY obvious Gox is a pile of shit. And NotMe should change his sig because he doesn't have a clue about programming, or math. Sorry, you just don't. 

They are working on a new trading engine atm, when it's released perhaps you will finally get your ultra fast trading fantasy fulfilled. The only thing they have done so far is to upgrade their servers.

And if they never manage to improve their engine, well, then it's reasonable to assume they will eventually lose their market share isn't it? and when they do you'll still get your trading fantasy fulfilled. It's a win-win situation.  

Patience... patience my friend... and if you can't wait for someone else to do all the dirty work, you know what you're free to do.

LOL... when did I comment on programming or math in this thread?  I agree that MtGox is crap, but complaining about it doesn't do any good.

Ad hominems don't make you right, and when they are baseless, they hurt your credibility.

+1   On topic!

Sorry, I can only take so many YEARS of bitching and moaning about the same shit before I get sarcastic.  You've only had to put up with it for 3 months, so you probably have some patience left.  If he had added anything new, I wouldn't complain, but every point he brought up has been beat to death.