One exchange after another is "upgrading" their btc wallets ? With what ?
I cant find anythin official https://github.com/bitcoin/bitcoin/commits/master .....
Topic: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! - page 7. (Read 33066 times)
February 10, 2014, 10:48:10 AM
February 10, 2014, 10:45:20 AM
How can we get MT Gox stripped from the Bitcoin Foundation along with it's CEO, Mark Karpeles?
This is doing tremendous damage to the community and they're still plastered all over the face of the Foundation that is supposed to be helping the community grow.
This is doing tremendous damage to the community and they're still plastered all over the face of the Foundation that is supposed to be helping the community grow.
February 10, 2014, 10:44:36 AM
Recently released MtGox´s statement at https://www.mtgox.com/press_release_20140210.html is largest pile of BS FUD I ever saw - does anybody actually believe them? No reference to anyone from BitCoin devs, no proof of anything, just bullcrap. They picked up (or made up, whatever) minor, hardly achievable and easilly trackable flaw and build a story around it, which in the end sounds to me like arguing that someone with time machine can pause time and rob Your pockets meanwhile.. They fucked up badly with their amateurish coding sklills, thats all. And the most horrible about theese sick fucks is that they are trying to drag whole cryptoscene to hell with them, as they know this is theirs end:
Pricks..
Quote
Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.
Pricks..
They are trying to come up with any plausible excuse to prevent a massive bank run.
The question I have is, if this is a Bitcoin problem, then why are there also delays for withdrawing USD?
February 10, 2014, 10:37:09 AM
Now, can somebody hack their news CMS so we can modify the statement?
February 10, 2014, 10:35:23 AM
I haven't read this entire thread yet, but is this true? The TX ID can be modified and re-broadcast to effectively double-spend?
It's not true. Both versions of the transaction will have the same inputs, outputs and amounts; they are two different ways of expressing the same transaction, and only one will be accepted by the network, so there is no double-spend. No-one should care which version of the transaction gets accepted. (MtGox did care, and that's their mistake.)+10000
If someone's core business is financial, and with all things aside, exchange is that;
why in hell would you be so stupid and not fucking store transactions in a way that nobody can fuck you over? Retoric.
Now, this basically means it's time for amateurs to step off this crypto train, and make room for some capable people to step in.
As much as I'm sorry to see that such human stupidity can ruin BTC market image and status and hurt so many people financially, GOX has to die off unless they show any signs of IQ, and that would even have to be at WARP 9.9 speed in these conditions for anyone to start back even remotely putting faith back at them.
Sure, it may look like this thread is bunch of FUD at first glance, but the basic technological problem here is so simple that for such amounts of money involved (and I'm talking about profit alone on trading) only retards, forgive me for saying like that, would do what these people do. And it has nothing to do with anyone in universe except the MtGox. It's 100% their shit. Period.
February 10, 2014, 10:31:54 AM
Recently released MtGox´s statement at https://www.mtgox.com/press_release_20140210.html is largest pile of BS FUD I ever saw - does anybody actually believe them? No reference to anyone from BitCoin devs, no proof of anything, just bullcrap. They picked up (or made up, whatever) minor, hardly achievable and easilly trackable flaw and build a story around it, which in the end sounds to me like arguing that someone with time machine can pause time and rob Your pockets meanwhile.. They fucked up badly with their amateurish coding sklills, thats all. And the most horrible about theese sick fucks is that they are trying to drag whole cryptoscene to hell with them, as they know this is theirs end:
Pricks..
Quote
Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.
Pricks..
February 10, 2014, 10:31:00 AM
I haven't read this entire thread yet, but is this true? The TX ID can be modified and re-broadcast to effectively double-spend?
It's not true. Both versions of the transaction will have the same inputs, outputs and amounts; they are two different ways of expressing the same transaction, and only one will be accepted by the network, so there is no double-spend. No-one should care which version of the transaction gets accepted. (MtGox did care, and that's their mistake.)I think this txid mutability doesn't cause double-spend by itself. But if the sender (i.e. Mt. Gox) thinks (erroneously) the coins didn't arrive because they didn't see the txid and somebody complained and they did the spend again, then it depends. If the sending address still holds enough coin, or if they use a different address then the sender does a double-spend. It could be that somebody acquired knowledge of their accounting flaw and used it to their advantage.
This is just poor bookeeping on Mt.Gox side.
If 5 BTC is sent from address X to address Y, then it will be permanently on record in the block chain. Does not matter which TXID was used.
February 10, 2014, 10:20:30 AM
I haven't read this entire thread yet, but is this true? The TX ID can be modified and re-broadcast to effectively double-spend?
It's not true. Both versions of the transaction will have the same inputs, outputs and amounts; they are two different ways of expressing the same transaction, and only one will be accepted by the network, so there is no double-spend. No-one should care which version of the transaction gets accepted. (MtGox did care, and that's their mistake.)I think this txid mutability doesn't cause double-spend by itself. But if the sender (i.e. Mt. Gox) thinks (erroneously) the coins didn't arrive because they didn't see the txid and somebody complained and they did the spend again, then it depends. If the sending address still holds enough coin, or if they use a different address then the sender does a double-spend. It could be that somebody acquired knowledge of their accounting flaw and used it to their advantage.
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February 10, 2014, 10:19:57 AM
*pic*
Yeah, this is gox's fault entirely. Mark needs to be kicked out of the foundation for the damage he's causing Bitcoin.
February 10, 2014, 10:17:36 AM
In an instance like this, the statement from Gox had to have been approved by the CEO. Also, he must have known the exact consequences the statement's release would have on the market. I guess, let the conspiracy theories begin but I would love to have a Gox insider give some insight as to what the decision process was. And also who outside of Gox was in on the action? Hey, maybe the Fed offered to bail them out if they agreed to try and crash the market.
This is equivalent to the head of the NY Stock exchange saying on a monday morning before the market opening that every stock exchange has a significant flaw and hence they alone will not open. Further that they will freeze every trader's funds. Of course the BTC market is mostly self-policing.... That MF pissed off a lot of people today (and by no means the first or last time). Perhaps one day he will piss off the wrong people.
This is equivalent to the head of the NY Stock exchange saying on a monday morning before the market opening that every stock exchange has a significant flaw and hence they alone will not open. Further that they will freeze every trader's funds. Of course the BTC market is mostly self-policing.... That MF pissed off a lot of people today (and by no means the first or last time). Perhaps one day he will piss off the wrong people.
MtGox has been short BTC for a very long time. Almost every major BTC crash was because of Mt Gox.
February 10, 2014, 10:15:23 AM
I'm sure at this point they realize that but are going to "punish" the community (and by extension the core developers) by suspending withdrawals until it's fixed. As "trendy" as it is to blame Gox, there's enough blame to go around to both the developers and Gox. Mistakes on both sides that have cost many people a lot of money.
If that's the case, I'd hope that the core developers would continue working on Bitcoin's problem with scaling, and not escalate the malleability thing much at all. It sucks for the users of gox, but I think that's a lesson many of us have learned through bitcoin-- don't trust your money to a third party willy-nilly-- and particularly not one with a track-record of incompetence (especially one with no clear redeeming qualities). Perhaps a lawsuit and pursuit of any applicable criminal penalties will ease the gox customers's suffering.
February 10, 2014, 10:09:48 AM
*pic*
February 10, 2014, 10:06:40 AM
February 10, 2014, 10:05:09 AM
I haven't read this entire thread yet, but is this true? The TX ID can be modified and re-broadcast to effectively double-spend?
It's not true. Both versions of the transaction will have the same inputs, outputs and amounts; they are two different ways of expressing the same transaction, and only one will be accepted by the network, so there is no double-spend. No-one should care which version of the transaction gets accepted. (MtGox did care, and that's their mistake.)
February 10, 2014, 10:05:04 AM
February 10, 2014, 10:03:21 AM
I haven't read this entire thread yet, but is this true? The TX ID can be modified and re-broadcast to effectively double-spend?
It's not true. Both versions of the transaction will have the same inputs, outputs and amounts; they are two different ways of expressing the same transaction, and only one will be accepted by the network, so there is no double-spend. No-one should care which version of the transaction gets accepted. (MtGox did care, and that's their mistake.) February 10, 2014, 10:03:11 AM
hmmmmmmmm.........?!
http://content.screencast.com/users/Mike-Socialised.de/folders/Jing/media/151f2b06-435d-4a22-9750-e98eef34d9ab/2014-02-10_1558.png
http://content.screencast.com/users/Mike-Socialised.de/folders/Jing/media/151f2b06-435d-4a22-9750-e98eef34d9ab/2014-02-10_1558.png
Sent them a ticket about 30 minutes ago as my BTC deposit was not showing after 2 hours.
February 10, 2014, 10:02:21 AM
I'm sure at this point they realize that but are going to "punish" the community (and by extension the core developers) by suspending withdrawals until it's fixed. As "trendy" as it is to blame Gox, there's enough blame to go around to both the developers and Gox. Mistakes on both sides that have cost many people a lot of money.
Oh, c'mon. Get over yourself. Bitcoin is risky. Lost money? Your problem. Bye
February 10, 2014, 10:02:06 AM
Good news: I sold all my coins a couple of weeks ago coz I needed fiat for some investments. Bad news: Don't have any cash on any exchange so will take a few days until I will be able to buy more BTC, hopefully it's still cheap:(
Will remember for next time to always have some cheap buy orders on some exchange...
Will remember for next time to always have some cheap buy orders on some exchange...
February 10, 2014, 10:01:14 AM
In an instance like this, the statement from Gox had to have been approved by the CEO. Also, he must have known the exact consequences the statement's release would have on the market. I guess, let the conspiracy theories begin but I would love to have a Gox insider give some insight as to what the decision process was. And also who outside of Gox was in on the action? Hey, maybe the Fed offered to bail them out if they agreed to try and crash the market.
This is equivalent to the head of the NY Stock exchange saying on a monday morning before the market opening that every stock exchange has a significant flaw and hence they alone will not open. Further that they will freeze every trader's funds. Of course the BTC market is mostly self-policing.... That MF pissed off a lot of people today (and by no means the first or last time). Perhaps one day he will piss off the wrong people.
This is equivalent to the head of the NY Stock exchange saying on a monday morning before the market opening that every stock exchange has a significant flaw and hence they alone will not open. Further that they will freeze every trader's funds. Of course the BTC market is mostly self-policing.... That MF pissed off a lot of people today (and by no means the first or last time). Perhaps one day he will piss off the wrong people.
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