Topic: [2014-02-10] Bitcoin Developer: Yes, There's A Flaw In Bitcoin But It Shouldn't (Read 1021 times)
February 10, 2014, 02:35:51 PM
Very strange indeed.
February 10, 2014, 02:26:30 PM
strange that only gox has these problems ... 
cant believe that they drive such high profitable service agianst the wall.
cant believe that they drive such high profitable service agianst the wall.
February 10, 2014, 02:12:40 PM
Yep- here's another quote from someone else in the article, the chief scientist of Bitcoin Foundation "The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox's implementation of their highly customized wallet software, their customer support procedures, and their unpreparedness for transaction malleability, a technical detail that allows changes to the way transactions are identified."
As far as I'm concerned, the quicker Gox is offline, the better. They haven't been allowing USD withdrawals, or delaying by months (basically the same thing). Now you can't even remove BTC. What you're left with is depositing money into a company that will use your funds to run daily operations. Good luck getting any money, real or fiat, out of this "exchange."
As far as I'm concerned, the quicker Gox is offline, the better. They haven't been allowing USD withdrawals, or delaying by months (basically the same thing). Now you can't even remove BTC. What you're left with is depositing money into a company that will use your funds to run daily operations. Good luck getting any money, real or fiat, out of this "exchange."
Absolutely agree. MTGox has been operating like an amateur lemonade stand. We need a lemonade processing plant; for squeezing those lemons by hand is not appropriate for the level of volume they were processing.
February 10, 2014, 01:45:26 PM
Quote
The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox's implementation of their highly customized wallet software, their customer support procedures, and their unpreparedness for transaction malleability, a technical detail that allows changes to the way transactions are identified.
Confirming what many here have been saying all along. 
February 10, 2014, 01:42:55 PM
Bitcoin Developer: Yes, There's A Flaw In Bitcoin But It Shouldn't Have Brought Down MtGox
It didn't bring down Gox. They did that themselves. They caused the crash with their FUD though. Bastards.
February 10, 2014, 01:39:12 PM
Why didn't they fix the problem before telling everybody about it?
Someone did not get their way with the malleability fix and decided he does not want to play anymore, making a big fuss.
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February 10, 2014, 01:28:46 PM
Quote
Maxwell said urgently addressing the issue is "neither necessary nor sufficient" for preventing theft in the case of cancellations or reissues, and that while Bitcoin wallet programs do not handle malleability well, it is not a serious issue.
Well, it looks like Mt.Gox just made it a serious issue.
Someone needs to grow up.
That's exactly what happened. Gox passing the blame when it's their shoddy service that caused their problems and then they have the cheek to spread FUD. Why didn't they fix the problem before telling everybody about it?
February 10, 2014, 10:28:56 AM
Quote
Maxwell said urgently addressing the issue is "neither necessary nor sufficient" for preventing theft in the case of cancellations or reissues, and that while Bitcoin wallet programs do not handle malleability well, it is not a serious issue.
Well, it looks like Mt.Gox just made it a serious issue.
Someone needs to grow up.
February 10, 2014, 10:10:14 AM
Blaming their fail on bitcoin.
Welcome to biggest exchange of bitcoins lol.
Welcome to biggest exchange of bitcoins lol.
February 10, 2014, 09:57:30 AM
Bitcoin Developer: Yes, There's A Flaw In Bitcoin But It Shouldn't Have Brought Down MtGox
http://www.businessinsider.com/bitcoin-developer-responds-to-mtgox-2014-2
and here is a short summary:
https://twitter.com/aantonop/status/432883341465899008
http://www.businessinsider.com/bitcoin-developer-responds-to-mtgox-2014-2
and here is a short summary:
https://twitter.com/aantonop/status/432883341465899008
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