Topic: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! - page 4. (Read 33055 times)
February 10, 2014, 04:17:00 PM
We seriously need to let the world know that from now on MtGox has nothing to do with Bitcoin. What they are doing is a disgrace and looks like legitimate companies agree http://blog.blockchain.info/2014/02/10/dear-blockchain-users/ .
February 10, 2014, 04:14:29 PM
So bitstamp floats and bobs around $800 for a month and with Gox shutting down, Russia and Apple negativity we are now at $675???
Nothing to see here. Buy what you can while you still can.....
Nothing to see here. Buy what you can while you still can.....
February 10, 2014, 04:13:23 PM
Sounds like he is basically saying Bitcoin is broken and that Gox should have implemented their own way to find out if a transaction is real or not. I hate to say it but if a flaw like that really does exist how can one say it's not broken.
February 10, 2014, 04:11:09 PM
everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
Their grasp of English isn't the problem. Their grasp of code (or distinct lack thereof) is. Whatever language they chose to say it in, they said the fault lies with bitcoin, when it was no one's fault but their own. February 10, 2014, 03:51:45 PM
everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
February 10, 2014, 03:32:50 PM
People's decision to sell (at 120 USD at BTC-e for example) was a perfectly decentralised decision. No one else was forced to buy or transact at such valuations! 
I don't think he decided to sell @ 120 USD. Here, some BTC nouveau riche just has learnt what "market order" means, I guess.
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February 10, 2014, 03:29:43 PM
The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
I thought it was incompetence for a long, long time. I'm starting to wonder...
I doubt he cares. Probably just trying to salvage what he can from a sinking ship. It's gonna take a miracle to stop Gox from going under.
February 10, 2014, 03:05:55 PM
The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
I thought it was incompetence for a long, long time. I'm starting to wonder...
February 10, 2014, 03:02:17 PM
The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
I thought it was incompetence for a long, long time. I'm starting to wonder...
February 10, 2014, 03:02:04 PM
gox are scammers and are playing with customers money investing, borrowing and making a profit. this is all been planned before, gox knew about transaction malleability since 2011! BIG thanks to Gavin for confronting this bs.
February 10, 2014, 03:01:22 PM
The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
February 10, 2014, 02:52:50 PM
Mark Karpeles what an idiot.
February 10, 2014, 02:46:20 PM
cryptos are serving there purpose of transfering value at any price....BTC at 10 cents is as valuable as at 1000 dollars
No.
12,378,575 bitcoins in existence x $0.10 = $1,237,857.50
How do I transfer 2 million dollars worth of value with Bitcoin?
February 10, 2014, 02:38:46 PM
Follow up question? Do all the other crypto currencies have the same potential transaction malleability risk? (since they may all be derived from bitcoin in one form or another?)
they all have the same problems...they are mired in a speculative bubble...with very limited use outside of
exchanges...the exchanges can´t work with malleability risk...so they need to be closed down...
cryptos are serving there purpose of transfering value at any price....BTC at 10 cents is as valuable as at 1000 dollars
may be not for speculators but for real use !!!
Cheers
February 10, 2014, 02:33:43 PM
PREEV homepage -
"Notice: Mt.Gox has been removed from the default weighted-average price (details below). It can still be selected separately."
and immediately the price popped up a couple of £
"Notice: Mt.Gox has been removed from the default weighted-average price (details below). It can still be selected separately."
and immediately the price popped up a couple of £ February 10, 2014, 02:33:04 PM
Follow up question? Do all the other crypto currencies have the same potential transaction malleability risk? (since they may all be derived from bitcoin in one form or another?)
February 10, 2014, 02:32:51 PM
We must all do our parts to counter this bad press by creating Positive PR in the Media . Please support the bitcoin space mission https://bitcointalksearch.org/topic/bitcoin-flag-going-to-space-yes-space-the-final-frontier-441303
I am trying to generate positive NEWS for Bitcoin
I am trying to generate positive NEWS for Bitcoin
Gox: Bitcoin code is broken.
Gavin Andersen: No its not. Gox is broken.
That is what you call positive news.
A large exchange has challenged the community saying there is a problem with Bitcoin. Turns out they just validated that bitcoin code works and they are left with the bitcoin community turning their back on them, as soon as everyone is able.
February 10, 2014, 02:15:53 PM
February 10, 2014, 02:06:59 PM
If Mt. Gox really has been defrauded, then they must be able to present us with one of their outgoing transactions (obviously from before their statements) incorporated in the blockchain where the scriptIn does not follow their normal pattern.
Either extra operations would have been included in the scriptIn, the format of the pubkey would use a different format or the signature would be non-canonical or it's DER representation. I am assuming that they would use an automated did we really pay this script to update their checkbooks, and that it could have been fooled by any of these manipulations.
There would still need to be some party involved in changing this part of the transaction (wittingly or not) and some client with a Mt. Gox account making use of the changed transaction to later seduce Mt. Gox into paying twice.
Either extra operations would have been included in the scriptIn, the format of the pubkey would use a different format or the signature would be non-canonical or it's DER representation. I am assuming that they would use an automated did we really pay this script to update their checkbooks, and that it could have been fooled by any of these manipulations.
There would still need to be some party involved in changing this part of the transaction (wittingly or not) and some client with a Mt. Gox account making use of the changed transaction to later seduce Mt. Gox into paying twice.
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February 10, 2014, 02:05:51 PM
All of the old world institutions that worship John Maynard Keynes will be shamed.
We need to amass an army of commenters at the bottom of every single article like this one to refute such foolishness with facts and history about the bitcoin network's resiliency rating.
The BTC train has already left the building. Get on or get flattened.
All that will do is make the commenter army look like rabid fanboys and probably backfire. Hopefully their readers will be smarter than the 'journalists'.
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