Hackers used transaction malleability to steal BTC from exchanges (yes, plural, it's not only Gox, read the Bitstamp statement)
Consequence:
1. Exchanges have the fiat they say they have
2. Exchanges don't have the BTC they say they have
Conclusion:
1. Some users don't have reported BTC on exchange they think they have
Speculate how this could be solved
Consequence:
1. Exchanges have the fiat they say they have
2. Exchanges don't have the BTC they say they have
Conclusion:
1. Some users don't have reported BTC on exchange they think they have
Speculate how this could be solved
Exchanges could conspire to crash the Bitcoin price, buy back BTC on the cheap, and equalise discrepancies between user Bitcoin accounts and actual blockchain approved Bitcoins in exchanges' wallets, and make a profit doing so.....
.....but they would never do that, would they (as if it weren't patently obvious that Gox are already doing it).
Most likely SR admin stole all the coins himself, using transaction malleability problem as an excuse
Yep. All a bit too convenient for my liking. SR 2 and Sheepmarket now. Just lets the world see what a legendary character Ross Ulbricht was. He could have fucked off with a big pile of everyone elses Bitcoins at any point, but he preferred to keep on running a pioneering and very dangerous business with honesty and integrity. Not many would have done the same in his shoes. Silk Road 1 was a flagship example of how online commerce should be done. As soon I logged into SR2, it became apparently very quickly, just how much dodgier the place had become....and then this.....
