Call it tin foil hats or whatever you like but the only one thats SURE to have benefits from this crash is Marks and his associates.
They terminate all withdrawals (btc/fiat), so now they can control the crash on their exchange.
As such, they will keep pushing down the price of their GOX btc and buy it up while selling them on other exchanges. They will keep doing it until your btc fund is practically worth nothing and they can happily to allow you to withdraw your coins.
The question is..... are you their pigs getting slaughtered?
Will it matter if nobody ever gets their bitcoins back? What would price mean then? Exactly.... but they effectively reduce their liability significantly. Pigs will sell their coins (hoping to ride the waves or just panic). Their 40000btc IOU will be worth alot less. They dont want to go to jail after all. A scheme to be legally rich. |
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Call it tin foil hats or whatever you like but the only one thats SURE to have benefits from this crash is Marks and his associates.
They terminate all withdrawals (btc/fiat), so now they can control the crash on their exchange.
As such, they will keep pushing down the price of their GOX btc and buy it up while selling them on other exchanges. They will keep doing it until your btc fund is practically worth nothing and they can happily allow you to withdraw your coins.
The question is..... are you their pigs getting slaughtered?
Edit: ALSO THE FACT THAT THEY STILL ALLOW BTC DEPOSIT does mean their slaughter house opens for pigs!!!
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.... Rather than just keep selling your coins for imagined fiat? and who will benefit from it? Ofcourse mtGox themselves. They will buy your coins at cheap price and dump it on other exchange ..... doing it untill they're filthy rich while you're practically broken.
Seriously, anyone with even just 10btc, its worth it to GO to their office in person and get your coins. They said their wallet system cant make valid transactions but they can surely use reference wallet or Armory which allow "coin control" to send their coins to you. WHY wait?
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Gox price is just a number from now. It means nothing if you cant withdraw shit.
hey OP, do you want to buy my imagined btc for $100/coin? Dirt cheap
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The good news is nobody had their Bitcoins stolen. The site may never be able to repay the bitcoin IOUs it issued and now no longer has the alleged ability to repay, but if you don't have the private key for "your coins" guess what? You never had any bitcoins.
Not sure how many thousand more of these hacks and "hacks" it will take before that concept sinks in.
+1000 Then again, what do we expect from junkies smoking pots and doing drugs?.... |
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For any noobs thats about to PANIC-anything..... Remember this. Pigs get slaughtered. Dont be pigs.....
Shutdown your computer and come back few days later. You can thank me later
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Image looks photoshopped. There are several "Received 0.00000001 BTC" missing...
No, its not. You didnt even get such obvious joke? wow..... |
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Just look how popular jailbreaking is. But apple never supported users unlocking their phones, and they probably never will. I still doubt that the take-down of apps is compatible to their rights in the store, in my eyes someone needs to sue them for market manipulation. I never said they did, but the fact that people have to even unlock them shows you how needlessly restrictive Apple is. People should just ditch them altogether. Hopefully they will overtime and their sales will reflect that, then they might reconsider the business practises. The first time i heard of the term "jail break", i thought to myself .... idiots who volunteered to be "jailed" and continue doing so because they're hoping to "jail break". |
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What the fck is wrong with this new generation? Petition everything? did you have your friends sign petition when your grounded?
Vote with your money, buy products from company you want to support. Stupid Apple fans....
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I'm not an expert in atm machines , but i think it's just a piece of software that runs when you inset a bill that checks it against some patterns.
So it would be fairly easy to get a recognition software that detect fakes , just like banks have , for every bill out there , and install it with a few clicks.
I doubt that this is not the standard procedure , otherwise I'm pretty sure we would have already seen reports of people inserting some home printed money in those machines.
Ok, then why in most banks there are still a human cashiers that personally check some of the bills and it's not all automated? Based on what experience or facts you think is easy to make a software that recognizes fake money? The cashiers do other jobs too. Most banks in the UK tell you to use the automated machines if you're paying in money / cheques because it saves time. My mate even had a note swallowed because it was fake, so they obviously work. The OP is an idiot that must live in some shitty countries. There are vending machines of high priced products in many countries, like in Japan and Korea you can buy electronic/beauty products. There is no difference between these vending machines and ATM, its all about the bill acceptor which has counterfeit detector built-in. The fact that OP ask these questions means hes clueless and think BTM use some homemade bill acceptor. When in fact BTM is just the software for bitcoin wallet using the same bill acceptors as every other machines out there. Stupid to the extreme yo! If you want to know about counterfeit detection capability ASK BTM what bill acceptor they use and search for data on that model. Every bill acceptor has a rate of detection. Where i live, even the fcking supermarkets use self serve cashiers, meaning you use the same bill acceptors for paying. |
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Go post in Speculation idiots. MtGox will impact the price..... right  |
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If microsoft embrace bitcoin, i can see they will stomp apple in tablet and phone market. |
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Sounds like he is basically saying Bitcoin is broken and that Gox should have implemented their own way to find out if a transaction is real or not. I hate to say it but if a flaw like that really does exist how can one say it's not broken. Well imagine you pay a plumber $100 dollars with a check and a week later he says he lost the check and wants another one. What would you do?? If your answer is that you would write the plumber another check for $100 without thoroughly checking with the bank first, then you would be like Mt Gox. They are stupid beyond belief. That is a good analogy. So basically Mt. Gox was supposed to but did not implement in their wallet software a way to verify the funds in that transaction. Yes.... they just look for tx id on blockchain and assume thats enough. Well they're fcked. I bet they lost tons of btc due to someone exploit their system . |
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I haven't read this entire thread yet, but is this true? The TX ID can be modified and re-broadcast to effectively double-spend? If this is the case, not only is MtGox justified in their issues, but they've also demonstrated to the entire world how stupid this community is to believe BTC is without flaw and can't be taken to $0 if the right individuals were to go through this protocol with a fine-toothed comb. What a terrible concept to implement. What is the purpose of a TX ID if not to identify a TX? What could possibly be achieved by allowing such an ID to be modified?
No you're stupid. Go read again. |
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Trying to dumb this down for me so I can understand it better and explain it to my friends:
I request $1,000 to be wired to me from Company A. Since there are so many wires with Company A, they have developed their own automated process. I notice a flaw in their code, so that after they send the wire, I can screw with the receipt that they get from the bank, making it seem to them that the wire didn't go through. Their flawed system doesn't check the bank balance, it just goes off of their flawed receipt. Therefore, I can request they send again.
Is this about accurate?
Yup.... now do you blame the bank or yourself for not checking the balance? |
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from gmaxwell
21 January 2013
And you'll note that page is citing a forum thread from 2011. Bitcoin v0.8 rolled out the first round of fixes to eventually remove malleability way back then too... and we've seen bouts of amounts of malleability use on the network, back in 2012 if not sooner— I haven't grepped my logs. I overlooked the 2013  But if it did occur, then a spend with the same input,output and quantity should have shown up to the receiver address right? Just not with the original txout. It wouldn't explain a transaction delay where nothing is transacted or would it? Let me explain further, ppl dont receive their coins isnt because of this. Its because Gox system (bookkeeping) got messed up and send out non available coins since all tx are chain-linked. |
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A shitload went for 102. Not entirely. A shitload went for prices ranging from $600 to $102. ALL open buy orders in that range were filled, only the few at the very bottom went for $102. This is what happens if some retard dumps 10,000+ coins in a no-limit order  "the retard" might be a leverage trading platform that make margin calls..... so many ppl lost money because of this FUD and its out of their control. |
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Fucking Japanese mafia.
They are not Japanese, American mafia maybe? Mark is French |
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Don't blame on the protocol what can be contained locally.
So your saying we should ignore all the bitcoind API documentation which tracks by txid and everyone should be responsible for making their own systems for tracking payments? Reading comprehension isn't your strong side, huh?
Please find me a wallet that prevents the transaction ID from being modified in-transit. Thats all I said. There are none so if your tracking payment by transaction ID's which is something almost everyone does then your vulnerable. Any bitcoin-QT since 2012 idiot. |
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It was gox's fault on so many levels.
Ppl need to go to GOX's office to get their coins back. I meant they blame the protocol causing their system to not be able to verify tx right? well how about we sit next to them and verify it then? No more excuse and BS? I swear that POS would get smacked in the face if he tried to lie face to face. |
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