If MtGox can ident the Bitcoins, why not fix it? - page 7.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: smeg4brains on February 25, 2014, 10:38:29 AM

Quote from: rayfloyd on February 25, 2014, 10:02:40 AM

there never was double spends.

Only bad money managing from Gox

There were double withdrawals though. And at least Mt Gox should have a record of by who..

You could probably get a pretty good idea with careful examination of the blockchain, but you'd need Mt Gox's withdrawal records to be sure.. but the exact same amount withdrawn to the same address more than once, combined with hash padding issues seems like a good place to start.. Cross referenced with Mt Gox withdrawal records and their KYC records and it seems like you should be able to knock on someone's door and ask some good questions..

BTC withdrawals have been possible without the whole KYC-verification until not too long ago. If this problem has been going on for years as the leaked PDF claims, then it started way before Gox had names and other info on their BTC-withdrawers.

soy

legendary

Activity: 1428

Merit: 1013

Quote from: grifferz on February 25, 2014, 10:22:58 AM

Quote from: soy on February 25, 2014, 10:17:35 AM

I can understand that they may be fiat broke but how can they have fewer Bitcoins than their legal transactions indicate?

You send me 10BTC.

I lose those BTC by some means.

You ask for your BTC back.

I say I have halted withdrawals of your BTC because $PROBLEMS

You say, "it's OK, grifferz must have my BTC because trades have indicated it"

I sit on a big blue ball.

Back to the missing Bitcoins and the original question. Identify the Bitcoins and stop them in their tracks. Whether double spent or stolen, mine are mine and if MtGox sent them to someone else that's theft.

smeg4brains

newbie

Activity: 12

Merit: 0

Quote from: rayfloyd on February 25, 2014, 10:02:40 AM

there never was double spends.

Only bad money managing from Gox

There were double withdrawals though. And at least Mt Gox should have a record of by who..

You could probably get a pretty good idea with careful examination of the blockchain, but you'd need Mt Gox's withdrawal records to be sure.. but the exact same amount withdrawn to the same address more than once, combined with hash padding issues seems like a good place to start.. Cross referenced with Mt Gox withdrawal records and their KYC records and it seems like you should be able to knock on someone's door and ask some good questions..

grifferz

full member

Activity: 154

Merit: 100

Wendigo

legendary

Activity: 2604

Merit: 1036

What is a big blue ball?

grifferz

full member

Activity: 154

Merit: 100

Quote from: soy on February 25, 2014, 10:17:35 AM

I can understand that they may be fiat broke but how can they have fewer Bitcoins than their legal transactions indicate?

You send me 10BTC.

I lose those BTC by some means.

You ask for your BTC back.

I say I have halted withdrawals of your BTC because $PROBLEMS

You say, "it's OK, grifferz must have my BTC because trades have indicated it"

I sit on a big blue ball.

soy

legendary

Activity: 1428

Merit: 1013

Quote from: rayfloyd on February 25, 2014, 10:02:40 AM

Quote from: soy on February 25, 2014, 10:01:37 AM

Given that every transaction is listed in the blockchain, why not identify the double spent Bitcoins and stop them in their tracks, make them worthless, and reissue the Bitcoins? Or would that just pass the buck as it were, putting the bad debt where ever the stolen bitcoins are now? It would be pretty difficult to spend that much money on merchandise that quickly.

there never was double spends.

Only bad money managing from Gox

I can understand that they may be fiat broke but how can they have fewer Bitcoins than their legal transactions indicate?

rayfloyd

full member

Activity: 140

Merit: 100

Quote from: soy on February 25, 2014, 10:01:37 AM

Given that every transaction is listed in the blockchain, why not identify the double spent Bitcoins and stop them in their tracks, make them worthless, and reissue the Bitcoins? Or would that just pass the buck as it were, putting the bad debt where ever the stolen bitcoins are now? It would be pretty difficult to spend that much money on merchandise that quickly.

there never was double spends.

Only bad money managing from Gox

soy

legendary

Activity: 1428

Merit: 1013

Given that every transaction is listed in the blockchain, why not identify the double spent Bitcoins and stop them in their tracks, make them worthless, and reissue the Bitcoins? Or would that just pass the buck as it were, putting the bad debt where ever the stolen bitcoins are now? It would be pretty difficult to spend that much money on merchandise that quickly.

Topic: If MtGox can ident the Bitcoins, why not fix it? - page 7. (Read 11621 times)