How it is possible that Bitstamp and MtGox have problems, and BTC-e and Chinese Huobi not have this same problem.
Perhaps BitStamp and Gox both use similar methods to track users balances on their internal systems. Perhaps BTC-e and Huobi use more robust methods to track users balance on their internal systems. |
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People finally realized that it is about time to invest into something real!
Can you link to some technical information explaining how Dogecoin is unaffected by transaction malleability? |
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The recent Bitcoin problems could be good for other altcoins as it may give them to opportunity to shine as they don't (currently) have any withdrawal problems!
These are my thoughts anyway!
Which altcoins are unaffected by transaction malleability? |
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Of course MtGox were largely incompetent no matter how you look at it, from multiple standpoints, but that doesn't mean they were lying on the underlying issue.
There were wrong on the underlying issue though. They were using the txid (which was known to be malleable) for their own internal bookkeeping. They were cutting corners. |
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Holliday, I think there is a severe lack of synergy in the Bitcoin world. I would have thought the Bitcoin Foundation would address this, but I stand corrected.
The Bitcoin Foundation seems more worried with appeasing regulators than addressing any real problems. Also, worrying about new functionality before addressing previous issues. I have a feeling this may have been Gox's demise as well (although it really could be anything with Gox). |
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I'll report directly to you when there is an exchange that I trust sending any form of money to, until then avoid them all.  A Holliday seal of approval? I'll opt in for that, but I am afraid I will possibly not never get to hear back on this matter.  I forgot to accuse one particular shill and downplayer of problems: Andreas Antonopoulos. Only yesterday had I realized he was the same Andreas I always liked to listen to long ago on Let's Talk Bitcoin. Shame what a Bitcoin cultist he bcame, even if he is no less intelligent today. "Without MtGox, Bitcoin would have never made it" Who is the shill round here?  Blitz is right on this, without MtGox bitcoin wouldn't have taken off. That MtGox management / staff are still largely incompetent after several years, it's another issue. I agree, Gox was important. Keyword: was. I've heard people say Gox has inflated the exchange rate. They couldn't be more wrong, in my opinion. If Gox was a robust exchange from the start, the exchange rate would probably be much higher today. Gox is shit. |
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I'll report directly to you when there is an exchange that I trust sending any form of money to, until then avoid them all. A Holliday seal of approval? I'll opt in for that, but I am afraid I will possibly not never get to hear back on this matter. That is a likely outcome, indeed! I forgot to accuse one particular shill and downplayer of problems: Andreas Antonopoulos. Only yesterday had I realized he was the same Andreas I always liked to listen to long ago on Let's Talk Bitcoin. Shame what a Bitcoin cultist he bcame, even if he is no less intelligent today.
I haven't listened to him specifically on this issue. This issue is really not that big of a deal. Some transaction labels get changed... it doesn't affect the outcome of the transaction. Bitcoin-Qt handles it appropriately (I don't know about other clients, but I expect they do as well). I think it should be fixed, and I think it will be, but it's not breaking the functionality of Bitcoin. Gmax was telling the truth when he said there are bigger problems to worry about! |
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Why is Gox price so low? Because you can't withdraw coins! Why is stamp so high when you even can't withdraw coins? People probably expect Stamp to actually fix their problems instead of letting them pile up on top of each other. If Stamp does, I would consider that a "fatality" (mortal kombat style) on Gox. |
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I have an aversion against dogmatic and dishonest people. It culminates in outbursts of the opposite order sometimes, even though I like Bitcoin.
So, you call Bitcoin shit because of a bug that affects appearance, not function? Don't you think that's a bit of a dishonest proposition? It just amazes me how it affects all major exchanges. Actually didn't expect that. So yes, from a practical world view, I would say that something has gone wrong that this was not noticed before by any of them. It amazes you? From my experience, I expect the exchanges to do as little as possible to continue to function. Again, this has everything to do with the exchanges, not Bitcoin. The day we have a robust Bitcoin exchange... It does, maybe I am just too naive and have been afflicted by the prevailing wisdom that MtGox is just particularly incompetent (though I don't mean to say they aren't). I'll report directly to you when there is an exchange that I trust sending any form of money to, until then avoid them all. |
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I have an aversion against dogmatic and dishonest people. It culminates in outbursts of the opposite order sometimes, even though I like Bitcoin.
So, you call Bitcoin shit because of a bug that affects appearance, not function? Don't you think that's a bit of a dishonest proposition? It just amazes me how it affects all major exchanges. Actually didn't expect that. So yes, from a practical world view, I would say that something has gone wrong that this was not noticed before by any of them. It amazes you? From my experience, I expect the exchanges to do as little as possible to continue to function. Again, this has everything to do with the exchanges, not Bitcoin. The day we have a robust Bitcoin exchange... |
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seriously. among the top reasons given again and again on this forum for why bitcoin might tank (forever) is exploit in software code. so. we are back to pre - bug news level in less than a half hour. wtf?
This exploit affects the appearance of transactions, not the function of transactions. It's not cool, it will probably break Bitcoin.  If you are going to edit my posts at least put FTFY so people know you've edited it. |
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seriously. among the top reasons given again and again on this forum for why bitcoin might tank (forever) is exploit in software code. so. we are back to pre - bug news level in less than a half hour. wtf?
This exploit affects the appearance of transactions, not the function of transactions. It's not cool, but it doesn't break Bitcoin. |
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I have an aversion against dogmatic and dishonest people. It culminates in outbursts of the opposite order sometimes, even though I like Bitcoin.
So, you call Bitcoin shit because of a bug that affects appearance, not function? Don't you think that's a bit of a dishonest proposition? |
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Bitcoin the currency is linked to bitcoin the network, and the capabilities of that network are very useful and much better than anything offered by the traditional banking system. That to me seems like more than enough "intrinsic value" to sustain bitcoin. Of course it is. That's why they are so scared. As long as Bitcoin as existed, there's been a FUD campaign running to convince the clueless that Bitcoin's greatest strength - lack of counterparty risk - is actually a weakness that needs to be "fixed" by backing it with something. Nobody will force you to stop bitcoin even if a gold-backed crypto currency becomes accepted as the no.1 coin. The market is big enough for all of us. In my opinion, backing is a flaw, not a feature. I'm ready to watch an asset-backed crypto-currency compete with Bitcoin! Bring it! |
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Sometimes I dig holes in the back yard only to fill them back up again.
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You have to get rid of MtGox in your chart !!
This is childish. Bitcoinwisdom is supposed to give neutral access to available data without any own interpretation or own judgment. If you personally don't want to see the MtGox prices then just don't look at them, click somewhere else, problem solved. Well, BitcoinWisdom provides exchange data, right? At this point MtGox is no longer a functioning exchange (I'm not sure what it is, a place where you can trade fake fiat for fake bitcoins and vice versa), so... |
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The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. No shit (responding to the section I made bold). Bitcoin is all about taking control of your money. Why are people so interested in giving up that control again? Learn to secure your private keys. It's not that hard, nor is it expensive. For the love of all things holy don't trust amateur exchanges that have a long history of fucking shit up!  Why are you so surprised. Haven't you learned form the inputs.io scam that people are willingly letting go of their bitcoins , and they do this quite easy , thinking that everything is safe and is run by blue honey bears? Who said I was surprised? I expect people to refuse to learn from the mistakes of others. I'm just trying to point out these mistakes for those who still might have a chance to learn. All of this has happened in the past and all of this will happen again in the future. There is nothing new here. |
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dont hold btc/fiat on an online exchange would be the first step.
What kind of contribution is this? Assets are already locked, so why state the obvious like this which adds nothing to the conversion? It's for people who haven't yet been burned to learn from the mistakes of others. If you aren't the sole controller of your private keys, you don't have any bitcoins. |
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Maybe it might be an idea to see MTGox being removed from the foundation until they can prove that they are worthy of such a coveted position within the community?
I think Gox has had ample time to prove themselves. They've proven something alright. They've proven that they are a cancer and that cancer should be removed before it can do any more damage. |
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The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. No shit (responding to the section I made bold). Bitcoin is all about taking control of your money. Why are people so interested in giving up that control again? Learn to secure your private keys. It's not that hard, nor is it expensive. For the love of all things holy don't trust amateur exchanges that have a long history of fucking shit up! |
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