soullyG
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February 25, 2014, 12:06:27 PM |
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Blockchain.info just posted a new statement on their blog: Blockchain’s fundamental design is based upon us having no access to customer funds or keys. This is achieved by making all transactions occur in the end-user’s browser, “client-side” with open-source and auditable software. We at Blockchain never store unencrypted keys, passwords, bitcoins or the have the ability to create transactions. This ensures that users’ bitcoins are not only secure from a broad-based attack on Blockchain, but are even secure from Blockchain and that’s deliberate. We don’t control your bitcoins; you do.
Blockchain has always recommended that users store their bitcoins in such a way as to maintain control and ownership of their keys. Custodial accounts, like those used by Mt. Gox, where other people hold the keys to your bitcoins are risky. Instead, customers should use services like Blockchain.info, where keys are decrypted in the browser, not held on the servers. Alternatively, use a desktop client such as Armory, Bitcoin-Qt, Multibit or Electrum. All of these store the keys in a local, encrypted file that is not shared with any servers or held by anyone else.
Last night, we were shocked to find out about Mt. Gox’s insolvency, as they appear to have committed a grievous breach of trust against their customers.
The Blockchain staff will continue to collaborate with other industry leaders to establish better controls to ensure that events like this are not repeated. We are hopeful that together we can create a more trustworthy industry for the benefit of all existing and future Bitcoin holders.
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debani
Newbie
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Activity: 19
Merit: 0
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February 25, 2014, 12:06:48 PM |
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tonyq
Legendary
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Activity: 879
Merit: 1001
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February 25, 2014, 12:07:23 PM |
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Welcome to yesterday. Or was it the day before that? Sorry, I'm in the UK. No internet access yesterday and after a long hard night I only fell out of bed an hour ago. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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thoughtfan
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February 25, 2014, 12:11:10 PM |
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The chart in the logo representing goxbux history is a nice touch - from zero up down up higher back down to zero!
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only
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February 25, 2014, 12:14:48 PM |
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SLELLING GOX COINS!!!1
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Denton
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February 25, 2014, 12:15:27 PM |
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Welcome to yesterday. Or was it the day before that? In Bitcoinland yesterday is old news. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 25, 2014, 12:16:58 PM |
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Blockchain.info just posted a new statement on their blog: Blockchain’s fundamental design is based upon us having no access to customer funds or keys. This is achieved by making all transactions occur in the end-user’s browser, “client-side” with open-source and auditable software. We at Blockchain never store unencrypted keys, passwords, bitcoins or the have the ability to create transactions. This ensures that users’ bitcoins are not only secure from a broad-based attack on Blockchain, but are even secure from Blockchain and that’s deliberate. We don’t control your bitcoins; you do.
Blockchain has always recommended that users store their bitcoins in such a way as to maintain control and ownership of their keys. Custodial accounts, like those used by Mt. Gox, where other people hold the keys to your bitcoins are risky. Instead, customers should use services like Blockchain.info, where keys are decrypted in the browser, not held on the servers. Alternatively, use a desktop client such as Armory, Bitcoin-Qt, Multibit or Electrum. All of these store the keys in a local, encrypted file that is not shared with any servers or held by anyone else.
Last night, we were shocked to find out about Mt. Gox’s insolvency, as they appear to have committed a grievous breach of trust against their customers.
The Blockchain staff will continue to collaborate with other industry leaders to establish better controls to ensure that events like this are not repeated. We are hopeful that together we can create a more trustworthy industry for the benefit of all existing and future Bitcoin holders. Even blockchain says they are insolvent.. There is no room for doubt now.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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February 25, 2014, 12:17:35 PM |
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The chart in the logo representing goxbux history is a nice touch - from zero up down up higher back down to zero! Real? Hmmm.. The only thing that is remotely convincing is the promise of a future statement. Plus ca change...?
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San1ty
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February 25, 2014, 12:18:46 PM |
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Looks like we're heading lower on stamp!
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prof7bit
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February 25, 2014, 12:20:22 PM |
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How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC?
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JCviggen
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February 25, 2014, 12:21:49 PM |
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How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC? Plenty of coins already on there. Gox coins can't be withdrawn any more than they can be freshly deposited so we can go in circles for a while and make Josh richer. It doesn't matter that Josh doesn't have access to the actual Gox coins in this case.
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tonyq
Legendary
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Activity: 879
Merit: 1001
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February 25, 2014, 12:23:05 PM |
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Welcome to yesterday. Or was it the day before that? Sorry, I'm in the UK. No internet access yesterday and after a long hard night I only fell out of bed an hour ago. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) In fact, to show how long a hard night it was, I live in the UK but am currently in Spain. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fr15.imgfast.net%2Fusers%2F1513%2F14%2F41%2F60%2Fsmiles%2F523193.gif&t=665&c=UqIWMSEQJzLI0w)
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 25, 2014, 12:23:10 PM |
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How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC? its just the nature of financial speculation. cant change it. with bitcoin or any other asset, there will always be avidly retarded people to buy those "subprime-style" junks. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Davyd05
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February 25, 2014, 12:25:18 PM |
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How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC? This is a question I have, I am surprised no 1 is talking more about the document in which they describe the most illegal tactic of buying coins at gox prices.. ergo buying coins off of their own exchange lol..
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bitcoinvest
Legendary
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Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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February 25, 2014, 12:32:03 PM |
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We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage. An official statement is to be released tomorrow. https://www.facebook.com/goxbitcoinjust read the above......
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JCviggen
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 25, 2014, 12:35:16 PM |
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We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage. An official statement is to be released tomorrow. https://www.facebook.com/goxbitcoinjust read the above...... It's just that it's highly unlikely that page is actually created and maintained by (formerly) Mt.Gox. Copied the (low res) logo from the "leaked" BS doc probably.
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bitcoinvest
Legendary
Offline
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 25, 2014, 12:36:34 PM |
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We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage. An official statement is to be released tomorrow. https://www.facebook.com/goxbitcoinjust read the above...... It's just that it's highly unlikely that page is actually created and maintained by (formerly) Mt.Gox. Copied the (low res) logo from the "leaked" BS doc probably. i think will agree with you. but just in case i found it and post it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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T.Stuart
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February 25, 2014, 12:39:07 PM |
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We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage. An official statement is to be released tomorrow. https://www.facebook.com/goxbitcoinjust read the above...... It's just that it's highly unlikely that page is actually created and maintained by (formerly) Mt.Gox. Copied the (low res) logo from the "leaked" BS doc probably. There is also the telling sign that this page has actually released a statement!
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D05GTO
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February 25, 2014, 12:39:24 PM |
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They are being acquired to scam more people. Whoever would trust that new rebranded entity needs their head examined. Look at their assets listed, the lovely development of the pickpocket wallet errr bitpocket wallet.
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