Post
Topic
Board Bitcoin Discussion
Re: I have to disagree with Gavin .... transaction mutability is a problem
by
rebel24
on 12/02/2014, 00:36:56 UTC
You guys agree or what?

You misunderstand. There is an explanation here.

https://bitcointalk.org/index.php?topic=458386.0


Well although the problem was known before, nobody exploited it on a large scale until now. And why now?

Because Mt.Gox put it in the spotlight. I doubt more than a handful of people were aware of this before.

Because MtGox said they would not allow withdrawals until the issue non-issue was fixed. They dug a hole and this is their way of forcing a fix so they can get out of it.

I actually think I do understand.... I read that first post, and it confirms what I said in my post above. Correct me if I'm wrong but I think I'm right.


And if I understand correctly, this is an issue where the THEIVES have to act QUICKLY.

If you wait 10-20 minutes (confirmations), then there is way too many computers, ie: the whole network with the transaction and question already confirmed and buried under other ones- can't change the hashes now. (lest you do a 51% attack, which presumably again is harder with the passage of time)