Post
Topic
Board Beginners & Help
Re: Is Bitscoins dead with this Mt. Goth Scandal?
by
hilariousandco
on 26/02/2014, 14:30:27 UTC
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.

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.