Post
Topic
Board Service Discussion
Re: The MtGox Debacle Explained
by
PeterBrand
on 10/02/2014, 22:53:16 UTC
"We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized. "

But this is utterly absurd. It's most likely never going to happen, or it will take a very long time. And this is a very strange statement because it isn't that hard for MtGox to fix this problem. To check whether a transaction has got through or not is not using the transaction id, but instead compute a hash of:



it is.
look, if a bank, where you deposited your money would say 'sorry, we have some troubles, you can't access it' -- what would you say? unimaginable in today's world.

yet people are fine with their btcs and fiat stucked at mtgox for an unknown time.

unless someone has there only speculative capital affordable to loose (
bonus: if gox would be in trouble (whatever reasons - insolvency, etc...)... whouldnt' they behave exatly the same way? DIVERGE the attention from real problems via hot, controversial, lenghtily discutable technical mumbo-jumbo. this will keep people busy from the real' problems they might have.

in one word: if you are not diversified, overexposed, or at high stakes -> do risk management and try whatever possible to extract resources from gox TODAY