Post
Topic
Board Speculation
Re: MTGOX hits $570 "A bug in the bitcoin software makes it possible for someone to"
by
oda.krell
on 10/02/2014, 12:37:20 UTC
Gox is willing to damage the reputation of the *entire* Bitcoin ecosystem, so *they* don't have to take the blame for not implementing their wallet software properly.

Have any of you actually looked at this flaw?

It's been a known flaw for a while, here is the fix:
https://gist.github.com/sipa/8907691

Find me one Bitcoin wallet software that has this fixed as of right now and I will pay you 1BTC. HINT: there are none.

Reading comprehension isn't your strong side, huh?

Quote
Oh there is a “problem” in the Bitcoin protocol, known since at least 2011 (see the link I gave). But for normal applications, not involving unconfirmed transactions, it shouldn’t cause any severe problems because wallets can handle it locally.

Don't blame on the protocol what can be contained locally.


@Blitz

I don't share your cynicism on this one. I'm not "butthurt" the slightest, in fact, I profited nicely of this swing. But mtgox *is* in a very real sense a major factor in limiting usefulness and reliability of BTC as a whole. It would benefit everyone if they were taken out of the equation.