Quote from: raspcoin on February 26, 2014, 01:36:02 AM

Is Bitscoin another altcoin? I must admit that the name has some potential.

Mt. Goth only deals in Bitscoin. They're supposedly adding Litscoin soon though Grin

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Quote from: cz_miner on February 26, 2014, 02:21:08 PM

Quote from: blgussiaas@gmail.com on February 26, 2014, 02:38:49 AM

Does anyone know what the exact security loop hole it was that brought these guys down, was it a Finney attack of some kind? I thought it was something to do with people making it look like they were deposits on the block chain but they weren't actually getting deposited.

I think that security issue was just a bad excuse for the company. They claimed that users manually requested double spending, but anyone, who had experience with mtgox's support knows that it takes more then a week for them to get back with an answer to any question. I can not imagine they loose that much on this security flow. Something was wrong with a company for a long time, they just passed the point of no return and closed the service. Its a pity people lost so much fiat and coins with gox.

Yup, it was just their pure incompetence and shoddily run business.