Post
Topic
Board Bitcoin Discussion
Re: [Full Disclosure] More likely MtGox Post-Mortem
by
mmdough
on 23/06/2011, 17:02:35 UTC
I'm glad he did this and have proven he is still in possession of the coins.

Well, he killed any good faith that created with his latest update on the redirect page:

Quote
Users whose trades were effectively cancelled during the the sell-off will be able to trade for free for 1 month following the reopening, and will also receive a free subscription to our upcoming 2-Step SMS security authentication feature for as long as they hold their account.

Let me get this straight.

Step 1) Get hacked due to negligence.
Step 2) Implement 2-factor authentication.
Step 3) CHARGE FOR IT.
Step 4) Profit.

Seriously... WTF.

There's a few other threads addressing this... especially http://forum.bitcoin.org/index.php?topic=21405.0;all

Short version: MtGox has upgraded security across the board. 2-factor authentication will be available for those who desire even more security. This service costs money to operate, and so cannot reasonably be offered free of charge except as a perk.