adamstgBit
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February 10, 2014, 07:19:11 PM

core tech? adam, I know you're just up, but seeing as this is your thread I feel the need to make sure you properly get this (assuming my understand is correct):

gox has blamed a bug in the btc protocol. It is actually not a bug, it's just how btc works at the moment. and work it does. what gox has done is used the wrong data to perform a task, when there is data that is reliably usable. Other exchanges have not made this mistake.

Saying this is the fault of bitcoin is inaccurate.

However, if you are calling gox's code "core tech" that is actually semi-reasonable given that it is responsible for so much movement of btc.

Indeed.  The most egregious thing about their statement was the heavy implication that Bitcoin as a whole was flawed and that other exchanges were vulnerable.

Utterly irresponsible. 


its a problem...

sure mtgox could have checked the TX another way, and avoided this problem.

but the fact that TX can be "renamed" after being sent, is a problem....

its not a huge problem, doesn't break the system, but it does make for some confusion.

there must be other services that rely on the tx hash to say the same, but until the dev team solves this problem app. cannot rely on the TX hash to stay the same.

the market reacted like it should have, some poeple panicked as they didn't understand what this means, and then price bounced right back to where it was, because most poeple understand this isn't much of a problem.


this is another reason why alt cons suck balls, its bitcoin that is paving the way, will these alts really be put to the same kind of stress test as bitcoin? i think not. therefore the are way less valuable.