Question: Can The Same "Gox Bug" Affect Altcoins?

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: server on February 10, 2014, 12:30:17 PM

Quote from: Kazimir on February 10, 2014, 11:58:01 AM

But as far as we know, MtGox was the only exchange so stupid to process transactions this way, and they don't trade altcoins, so no, in practice, none are affected.

Not really true, other exchanges are also affected.

Are you sure they are not affected by the FUD and not because of the so called "bug".

meanig

hero member

Activity: 531

Merit: 501

Quote from: server on February 10, 2014, 12:30:17 PM

Quote from: Kazimir on February 10, 2014, 11:58:01 AM

But as far as we know, MtGox was the only exchange so stupid to process transactions this way, and they don't trade altcoins, so no, in practice, none are affected.

Not really true, other exchanges are also affected.

Not not really true because when other exchanges get a, "hi where has my bitcoin withdrawal gone" email they're smart enough to search for the tx outputs to see if the transaction was dropped.

EchoingUprise

newbie

Activity: 42

Merit: 0

Quote from: server on February 10, 2014, 12:30:17 PM

Quote from: Kazimir on February 10, 2014, 11:58:01 AM

But as far as we know, MtGox was the only exchange so stupid to process transactions this way, and they don't trade altcoins, so no, in practice, none are affected.

Not really true, other exchanges are also affected.

Guess it would depend on how the other exchanges processed transactions. More than likely there is at least one other exchange that processed them similar to MtGox. However, only MtGox was stupid enough just to stop all withdrawals indefinitely until the bitcoin source code changes. They are plenty of other options, and completely stopping withdrawals instead of attempting work arounds will hurt them more.

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

Quote from: Kazimir on February 10, 2014, 11:58:01 AM

But as far as we know, MtGox was the only exchange so stupid to process transactions this way, and they don't trade altcoins, so no, in practice, none are affected.

Not really true, other exchanges are also affected.

Kazimir

legendary

Activity: 1176

Merit: 1011

Yes, this so-called "bug" concerns all altcoins.

But as far as we know, MtGox was the only exchange so stupid to process transactions this way, and they don't trade altcoins, so no, in practice, none are affected.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: server on February 10, 2014, 11:51:49 AM

https://bitcoinfoundation.org/blog/?p=418

Not bad for an answer but I do feel like the bitcoinfoundation needs to step in and really clear the situation for all the people out there. So all the fud spreaders will be silenced and gox finally caught with their lies.

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

https://bitcoinfoundation.org/blog/?p=418

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Depends what you mean by flaw.

The flaw that gox is blaming lies in their client not in the bitcoin protocol. That's why other exchangers are now affected.

The so called bug they are referring in the protocol which is harmless unless a idiot is using bitcoin , is in all the alt coins.
So , if the guys at cryptsy are running the same software as gox while being on the same level of idiocy , a lots of the alts will share the "benefits". .

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

As the flaw is only present in Gox's shitty code and they don't trade any alts, the answer would be "no".

Akka

legendary

Activity: 1232

Merit: 1001

So far no altcoin has changed anything about addresses and transactions. They basically focus only on mining and the number of coins.

If there where any flaw in the Bitcoin protocol of course they would be affected, too.

rat

sr. member

Activity: 253

Merit: 250

Topic: Question: Can The Same "Gox Bug" Affect Altcoins? (Read 809 times)