Topic: PC World Claims Counterfeit Bitcoins - page 3. (Read 8964 times)
Right, those "counterfeit" coins could never have made it out of the Mt Gox system.
Nobody actually "created" counterfeit coins, they simply told the database they had a bunch more coins. Mt.Gox's software relies on the database to say how many coins each user has, and relies on it being consistent -- i.e., the total number of coins listed in the database should match what's in the wallet. The attacker broke that consistency -- so they couldn't have, say, withdrawn more coins than Mt.Gox actually had in the wallet.
Right, this is the key quote:
Adding money to a bank account isn't counterfeiting.
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The fake Bitcoins and cash "existed inside Mt.Gox alone," Barr says,
Adding money to a bank account isn't counterfeiting.
I don't think counterfeit is a good term. The hacker allegedly gave himself fake bitcoins and a fake 1 mil USD balance. If you call the bitcoins counterfeit then you have to also conclude that he counterfeited 1 million USD.
idk..
mtgox said in their recent release that the coins were simply numbers, but that the coins sent were from wallets... idk. Somebody smarter than me will surely post in a second or 2.
mtgox said in their recent release that the coins were simply numbers, but that the coins sent were from wallets... idk. Somebody smarter than me will surely post in a second or 2.
PC World Claims Counterfeit Bitcoins
read it for yourself.
http://www.pcworld.com/article/234890/counterfeit_bitcoins_caused_price_crash_exchange_reveals.html#tk.hp_new
mt gox is claiming (or implying) the coins dumped were counterfeit.
true or untrue, this is very serious.
read it for yourself.
http://www.pcworld.com/article/234890/counterfeit_bitcoins_caused_price_crash_exchange_reveals.html#tk.hp_new
Quote
Counterfeit Bitcoins Caused Price Crash, Exchange Reveals
mt gox is claiming (or implying) the coins dumped were counterfeit.
true or untrue, this is very serious.
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