Topic: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! - page 13. (Read 33055 times)
February 10, 2014, 07:55:18 AM
shit mtgox
February 10, 2014, 07:54:34 AM
FFS I missed the crash, how long was it at 110 for?
February 10, 2014, 07:53:24 AM
Really...How stupid is gox?? This mass on transactions will only boost the mess on gox up..shit heads
February 10, 2014, 07:53:17 AM
February 10, 2014, 07:53:02 AM
well, this is one giant fuck up. either MtGox is outright lying or bitcoin will go on in a coma. perhaps MtGox justs wants to buy cheap who knows. but this can have serious implications for trust in developers.
totally agree， neither MtGox is fuced up，or BTC， but it seems MtGox is more likely doing tricks here。
February 10, 2014, 07:49:30 AM
so gox's latest ploy, blame bit coin, yet it work for everyone else you are just running you own bad software client thats not updated
More or less, exactly
February 10, 2014, 07:48:51 AM
MOTHERFCKING GOX BULLSHITTING TO SCARE NOOBs. This is not a FLAW but the design of wallet to validate transactions. It has BEEN FIXED by reference design. But fcking retard Marks still didnt get his shitty wallet software updated.
Mark, you're a worthless POS.
Mark, you're a worthless POS.
I thought i should just quote this, because it's pretty much what i wanted to write.
+1
-237-
February 10, 2014, 07:48:22 AM
so gox's latest ploy, blame bit coin, yet it work for everyone else you are just running you own bad software client thats not updated
February 10, 2014, 07:47:17 AM
Ohhhh! Bitcoin is busted, didn't you get the memo?
Even Rick Astley just got Goxed!
Even Rick Astley just got Goxed!
February 10, 2014, 07:46:55 AM
This is a f cking bad news!!! That mean the core developers better hurry. I want to withdraw!!
Dont listen to GOX. Reference wallet software does have this problem
Yeah, I'd expect if one holds even 0.5 BTC, for 50% loss, a bit reading up first, then decision about panic or not would be advised.
But, sheep will be sheep, I suppose.
Guys, mainly only one thing you can read up from this is that ex Magic the Gathering folks couldn't eat the cake they had on the table, and now are even further avoiding taking the responsibility for actions.
Someone said - it may be well played game to regain (stupid and highly unlikely) loss they may have, and I posted few opinions on matter, check my last post, links inside.
Don't be THAT stupid guy who sold at 110 30 min ago. Think twice. Read up.
February 10, 2014, 07:46:23 AM
Anyone expecting a second large slide when the US market wakes up?
February 10, 2014, 07:45:53 AM
http://www.cryptocoinsnews.com/2014/02/10/mt-gox-blames-bitcoin-core-developer-greg-maxwell-responds/
Sure, it's BTC fault haha.
Sure, it's BTC fault haha.
So this is pure FUD by gox? When are these guys actually going to go under? Cannot fathom how they're still in business.
They're an exchange where you can't get money in or out, so pretty pointless... DIE GOX, DIE!
February 10, 2014, 07:44:41 AM
http://www.cryptocoinsnews.com/2014/02/10/mt-gox-blames-bitcoin-core-developer-greg-maxwell-responds/
Sure, it's BTC fault haha.
Sure, it's BTC fault haha.
So this is pure FUD by gox? When are these guys actually going to go under? Cannot fathom how they're still in business.
February 10, 2014, 07:44:20 AM
MOTHERFCKING GOX BULLSHITTING TO SCARE NOOBs. This is not a FLAW but the design of wallet to validate transactions. It has BEEN FIXED by reference design. But fcking retard Marks still didnt get his shitty wallet software updated.
Mark, you're a worthless POS.
Mark, you're a worthless POS.
+{some huge number}
February 10, 2014, 07:41:26 AM
This is a f cking bad news!!! That mean the core developers better hurry. I want to withdraw!!
Dont listen to GOX. Reference wallet software does have this problem
February 10, 2014, 07:41:10 AM
So much FUD in here I dont even think people REALIZE that theyre FUD'ing
The only people to blame are Gox and panic sellers.
FUD is a Darwinian selection force. Give some credit to the FUD'ers for the work they do in removing the simple "got-into-debt-to-speculate-in-Bitcoin" people.
Tragic, but so goes the evolution of Bitcoin in its exchange aspect. The future lower volatility with other currencies sends its thanks!
February 10, 2014, 07:41:03 AM
Wow, people are really trigger happy lately. All this selling on FUD ...
All the educated information already gathered up and linked in this and other threads is not describing the end of the (bitcoin) world.
It might take MtGox some while to clean up the mess they created based on the "flaw" in the protocol, which is more like a flaw in their implementation.
I doubt that much damage can come from this rather than more damage to their already scratched reputation. But we might se BTC withdrawals being unavailable from MtGox for some days to weeks ...
However, this whole story simply points out that there is room for improvement of the bitcoin protocol or implementation routines. The biggest hit this can potentionally cause is a code fork ... again nothing that should make anyone nervous who has the slightest understanding of software development.
All the educated information already gathered up and linked in this and other threads is not describing the end of the (bitcoin) world.
It might take MtGox some while to clean up the mess they created based on the "flaw" in the protocol, which is more like a flaw in their implementation.
I doubt that much damage can come from this rather than more damage to their already scratched reputation. But we might se BTC withdrawals being unavailable from MtGox for some days to weeks ...
However, this whole story simply points out that there is room for improvement of the bitcoin protocol or implementation routines. The biggest hit this can potentionally cause is a code fork ... again nothing that should make anyone nervous who has the slightest understanding of software development.
February 10, 2014, 07:40:47 AM
NXT users unaffected.
I hope people can start to see the benefit of diversifying or hedging into the one alt not based on Bitcoin's source code. All of the clones seem to have the same flaw. Though I agree it's not panic stations just temporary panic but still.
Disclosure: My crypto weighting is 70% Bitcoin, 20% NXT, 10% other
I hope people can start to see the benefit of diversifying or hedging into the one alt not based on Bitcoin's source code. All of the clones seem to have the same flaw. Though I agree it's not panic stations just temporary panic but still.
Disclosure: My crypto weighting is 70% Bitcoin, 20% NXT, 10% other
global moderator
Activity: 3934
Merit: 2676
Join the world-leading crypto sportsbook NOW!
February 10, 2014, 07:40:22 AM
For all those that are panic selling.....I'm panic buying.
Thanks for the early birthday present.
Thanks for the early birthday present.
Ha, it's only logical that you need buyers to sell your coins. Are all these panic sellers just stupid newbs? The price always bounces back.
We all know what the doomsday scenario is - a flaw in the protocol renders the currency worthless. I do suspect that they are insolvent and are using this as a last ditch attempt to manipulate the market to buy back in to balance their books. The coins that they prevented people from withdrawing have been pumped to other exchanges, then bought back in at the bottom.
If their solvency issues miraculously solve themselves in the next few days, we'll know why.
If their solvency issues miraculously solve themselves in the next few days, we'll know why.
Yeah, very poor practise from Gox. I didn't think I could hate those guys more.
February 10, 2014, 07:40:09 AM
MOTHERFCKING GOX BULLSHITTING TO SCARE NOOBs. This is not a FLAW but the design of wallet to validate transactions. It has BEEN FIXED by reference design. But fcking retard Marks still didnt get his shitty wallet software updated.
Mark, you're a worthless POS.
Mark, you're a worthless POS.
Jump to: