Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[adamstgBit]

Abandon ship!!!

 

[MANofthePEOPLE]

whats up at stamp?

[kurious]

From http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/
(According to an earlier post on that thread, user @nullc is Gregory Maxwell, one of the core developers)

@nullc 114 points 21 hours ago

I haven't seen any evidence that they're testing anything— just the regular dust sweeping transactions that they've had going on continually.

Initially when MTGox suspended withdraws I was fairly confident that all would be fixed soon (and said so as much on Reddit)— their technical issues were simple, and with proper controls in place could not have resulted in especially large losses. I especially expected losses to be small considering that they were reported by users and not discovered by MTGox themselves.

Considering MTGox's subsequent behavior— the extended outage, talk of withdraw limits, etc, I'm no longer confident of anything.

Are there any news newer than this one, about the "MtGOX is testing" rumor?

Not that I have seen since - saw that yesterday - and I am pretty convinced from having read that thread it is indeed Greg Maxwell - he basically said they still haven't fixed it, and he wasn't at all convinced they were even close to doing it.

Creating transactions out of immature coins is a separate problem from transaction malleability. Gox is guilty of handling both situations poorly.

The fact that they haven't fixed creating transactions out of immature coins doesn't necessarily mean they also haven't fixed internal accounting problems stemming from transaction malleability.

I certainly don't expect them to go above and beyond and fix multiple problems at once!

You may be right - I am not even close to understanding core dev stuff - but he did say this in response to someone asking about malleability fix:


nullc 113 points 1 day ago

I haven't seen any evidence that they're testing anything— just the regular dust sweeping transactions that they've had going on continually.

Initially when MTGox suspended withdraws I was fairly confident that all would be fixed soon (and said so as much on Reddit)— their technical issues were simple, and with proper controls in place could not have resulted in especially large losses. I especially expected losses to be small considering that they were reported by users and not discovered by MTGox themselves.

Considering MTGox's subsequent behavior— the extended outage, talk of withdraw limits, etc, I'm no longer confident of anything.

EDIT - couldn't do Italics!

[Holliday]

whats up at stamp?

I don't know, I was watching, then I walked away for like two minutes and I see decent volume buys around $600.

Did someone put up a low wall that immediately got munched?

Wisdom is showing me a 573 bitcoin buy at $600.

[MoreFun]

whats up at stamp?

I don't know, I was watching, then I walked away for like two minutes and I see decent volume buys around $600.

Did someone put up a low wall that immediately got munched?

That wall was dumped down to $600.

[empowering]

(edit.. it is all a little bit death threaty huh)
 

 a little bit......

Special at Starbucks: ricin frappucino

I know they like it over there but I do not think they put rice in their frappucinos 

[empowering]

http://www.mtgoxtakeover.com/?q=msg

 

is this for real?

I guess we need to ask this guy


http://www.mtgoxtakeover.com/?q=who

 Who we are ?

For many good reasons, the members of our Team will not show up for the moment.

Our Team BTC Account is: 1GaVv4WvWgHPaRCS7MHeQJv3tF8sXqRR46

You can contact us support@mtgoxtakeover.com

 

Who am I ?

I am Lehner Franz, 39 years old, Cybercrime Specialist, 2 Children

...

(edit.. it is all a little bit death threaty huh)
 

A little bit?
"If this situation will be handled down in a serious way, nobody will kill you." --from the Msg to Mark page.

I know I read the page... I was understating the deathyness of the situaiton
 

[Balthazar]

HODL!!!!!!!!!!!!!!   

[CryptStorm]

...

I know I read the page... I was understating the deathyness of the situaiton

Empowering, I realize you got it (and were understating), I was agreeing with you and highlighting the intensity of the page for others, as in "holy shit, did you guys read what this guy is actually writing!?!?".

Franz comes off as an off-kilter nut job, who's fairly self-important. *sigh*

It's not that I don't share some frustration, but, the messiah complex isn't helping, either.

[EuroTrash]

Creating transactions out of immature coins is a separate problem from transaction malleability. Gox is guilty of handling both situations poorly.

The fact that they haven't fixed creating transactions out of immature coins doesn't necessarily mean they also haven't fixed internal accounting problems stemming from transaction malleability.

I certainly don't expect them to go above and beyond and fix multiple problems at once!

My understanding is that because of the immature coins problem, mr. K. had setup automatic reissue. Basically when a Gox-initiated transaction would not appear in the blockchain for a certain time, some cron-job-or-whatever would credit the user back with the coins. I speculate that the job was, of course, looking for transactions by txid.

Now think of these two scenarios:
1. transaction fails because of incorrect padding; Gox credits the amount back to user; user fixes the transaction manually and rebroadcasts it; transaction succeeds
2. transaction fails because of immature coins; Gox credits the amount back to user; user rebroadcasts the transaction; transaction succeeds

Both scenarios have, by default, nothing to do with malleability. But still they will cause Gox' accounting to go bananas and some very happy users, who could then go malicious and try to find a way to iterate the process and empty Gox' wallets.

Malleability also makes it worse because even when automatic reissue is turned off, once the malicious user has learned that Gox support people are trained only to look for transactions by txid, he can rebroadcast the transaction with a different txid and still complain to Gox support that he did not receive his coins.

[billyjoeallen]

"If this situation will be handled down in a serious way, nobody will kill you."

"handled down"? Doesn't appear to be a native English speaker. Something like "All your Gox are belong to us."

[marcelv3612]

funny how TA works.

I bet we are going to test 560-590 in the next few hours. Anyone up for the bet? 1BTC

(go below 590 within the next 4 hours)

[EuroTrash]

funny how TA works.

I bet we are going to test 560-590 in the next few hours. Anyone up for the bet? 1BTC

biafore, is that you?

[CryptStorm]

Creating transactions out of immature coins is a separate problem from transaction malleability. Gox is guilty of handling both situations poorly.

The fact that they haven't fixed creating transactions out of immature coins doesn't necessarily mean they also haven't fixed internal accounting problems stemming from transaction malleability.

I certainly don't expect them to go above and beyond and fix multiple problems at once!

My understanding is that because of the immature coins problem, mr. K. had setup automatic reissue. Basically when a Gox-initiated transaction would not appear in the blockchain for a certain time, some cron-job-or-whatever would credit the user back with the coins. I speculate that the job was, of course, looking for transactions by txid.

Now think of these two scenarios:
1. transaction fails because of incorrect padding; Gox credits the amount back to user; user fixes the transaction manually and rebroadcasts it; transaction succeeds
2. transaction fails because of immature coins; Gox credits the amount back to user; user rebroadcasts the transaction; transaction succeeds

Both scenarios have, by default, nothing to do with malleability. But still they will cause Gox' accounting to go bananas and some very happy users, who could then go malicious and try to find a way to iterate the process and empty Gox' wallets.

Malleability also makes it worse because even when automatic reissue is turned off, once the malicious user has learned that Gox support people are trained only to look for transactions by txid, he can rebroadcast the transaction with a different txid and still complain to Gox support that he did not receive his coins.

EuroTrash, this description is what I understood as well, although I believe I also saw a paste-bin conversation or perhaps just a comment that suggested gox went further and automated the process of crediting the accounts for which the transactions had failed. Obviously, I may be mistaken.

[CryptStorm]

"If this situation will be handled down in a serious way, nobody will kill you."

"handled down"? Doesn't appear to be a native English speaker. Something like "All your Gox are belong to us."

Try imagining it with Franz wearing a leather smock, speaking with a thick German accent-- sounds fine to me.

[spooderman]

wow would be nice to see a genuine bet. They always turn out to be trolls on here. I'll escrow if you want.

edit: this looks more like a bear trap to me anyway

[billyjoeallen]

"If this situation will be handled down in a serious way, nobody will kill you."

"handled down"? Doesn't appear to be a native English speaker. Something like "All your Gox are belong to us."

Range trading cracks me up. How many times are these panic monkeys gonna sell me the same coins at $550 and buy them back higher?
Maybe I'll wait for $540 this time.

[magicmexican]

epic waves

[empowering]

...

I know I read the page... I was understating the deathyness of the situaiton

Empowering, I realize you got it (and were understating), I was agreeing with you and highlighting the intensity of the page for others, as in "holy shit, did you guys read what this guy is actually writing!?!?".

Franz comes off as an off-kilter nut job, who's fairly self-important. *sigh*

It's not that I don't share some frustration, but, the messiah complex isn't helping, either.

yeah it really is quite bonkers...

[empowering]

http://www.bbc.co.uk/news/technology-26316265

Just sayin


(Edit ... This plays into the idea that there are big players aiming to break the market for mobile internet in the parts of the world that it is not readily available and cheap, the more the mobile internet market gets developed and spread at affordable cost in the developing world, the more of the developing world will have
readily available cheap internet access, and become potential Bitcoin/crypto users, micro payments anyone? international remittance , everyday users, new speculators, merchants etc.. migt be a good time to start preparing geo/language specific aps/services/ecosystem to capture the new market.)