mikekolba
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February 10, 2014, 06:33:04 PM |
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Follow up question? Do all the other crypto currencies have the same potential transaction malleability risk? (since they may all be derived from bitcoin in one form or another?)
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raskul
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February 10, 2014, 06:33:43 PM |
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PREEV homepage - "Notice: Mt.Gox has been removed from the default weighted-average price (details below). It can still be selected separately."  and immediately the price popped up a couple of £ |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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zyk
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February 10, 2014, 06:38:46 PM |
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Follow up question? Do all the other crypto currencies have the same potential transaction malleability risk? (since they may all be derived from bitcoin in one form or another?)
they all have the same problems...they are mired in a speculative bubble...with very limited use outside of exchanges...the exchanges can´t work with malleability risk...so they need to be closed down... cryptos are serving there purpose of transfering value at any price....BTC at 10 cents is as valuable as at 1000 dollars may be not for speculators but for real use !!! Cheers |
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Holliday
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Activity: 1120
Merit: 1009
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February 10, 2014, 06:46:20 PM |
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cryptos are serving there purpose of transfering value at any price....BTC at 10 cents is as valuable as at 1000 dollars
No. 12,378,575 bitcoins in existence x $0.10 = $1,237,857.50 How do I transfer 2 million dollars worth of value with Bitcoin? |
If you aren't the sole controller of your private keys, you don't have any bitcoins.
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Skinnkavaj
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Activity: 469
Merit: 250
English Motherfucker do you speak it ?
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February 10, 2014, 06:52:50 PM |
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Mark Karpeles what an idiot.
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JoeyD
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Activity: 57
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February 10, 2014, 07:01:22 PM |
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The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
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st4nl3y
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Activity: 1050
Merit: 1000
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February 10, 2014, 07:02:04 PM |
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gox are scammers and are playing with customers money investing, borrowing and making a profit. this is all been planned before, gox knew about transaction malleability since 2011! BIG thanks to Gavin for confronting this bs.
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Holliday
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Activity: 1120
Merit: 1009
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February 10, 2014, 07:02:17 PM |
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The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
I thought it was incompetence for a long, long time. I'm starting to wonder... |
If you aren't the sole controller of your private keys, you don't have any bitcoins.
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justusranvier
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Activity: 1400
Merit: 1009
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February 10, 2014, 07:05:55 PM |
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The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
I thought it was incompetence for a long, long time. I'm starting to wonder... Maybe it's the businesses equivalent of " suicide by cop" - retirement by bankruptcy. |
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hilariousandco
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Merit: 2615
Join the world-leading crypto sportsbook NOW!
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February 10, 2014, 07:29:43 PM |
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The stupidity of this action by mtGox is beyond comprehension. Is the CEO suicidal or what? Did he forget what his business-model is supposed to be and what he is supposed to be selling?
Either he is a complete and utter moron who thinks he can fix things by destroying the product he's selling in the public eye, or he's organizing some major inside trading scheme.
I thought it was incompetence for a long, long time. I'm starting to wonder... I doubt he cares. Probably just trying to salvage what he can from a sinking ship. It's gonna take a miracle to stop Gox from going under. |
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galaxy07
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Activity: 70
Merit: 10
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February 10, 2014, 07:32:50 PM
Last edit: February 10, 2014, 08:05:07 PM by galaxy07 |
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People's decision to sell (at 120 USD at BTC-e for example) was a perfectly decentralised decision. No one else was forced to buy or transact at such valuations!  I don't think he decided to sell @ 120 USD. Here, some BTC nouveau riche just has learnt what "market order" means, I guess.  |
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superduh
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February 10, 2014, 07:51:45 PM |
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everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
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ok
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DooMAD
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Activity: 3780
Merit: 3103
Leave no FUD unchallenged
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February 10, 2014, 08:11:09 PM |
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everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
Their grasp of English isn't the problem. Their grasp of code (or distinct lack thereof) is. Whatever language they chose to say it in, they said the fault lies with bitcoin, when it was no one's fault but their own. |
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XTR
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Activity: 38
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February 10, 2014, 08:13:23 PM |
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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. |
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DieJohnny
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Activity: 1639
Merit: 1004
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February 10, 2014, 08:14:29 PM |
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So bitstamp floats and bobs around $800 for a month and with Gox shutting down, Russia and Apple negativity we are now at $675???
Nothing to see here. Buy what you can while you still can.....
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Those who hold and those who are without property have ever formed distinct interests in society
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darkmule
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Activity: 1176
Merit: 1005
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February 10, 2014, 08:17:56 PM |
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everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
Their problem isn't that people didn't understand them. Their problem is that people did. |
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DieJohnny
Legendary
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Activity: 1639
Merit: 1004
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February 10, 2014, 08:19:02 PM |
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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. |
Those who hold and those who are without property have ever formed distinct interests in society
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yatsey87
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February 10, 2014, 08:21:51 PM |
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everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
Their grasp of English isn't the problem. Their grasp of code (or distinct lack thereof) is. Whatever language they chose to say it in, they said the fault lies with bitcoin, when it was no one's fault but their own. The problem is the way they run their business and how they handled this situation. Appalling on all fronts. |
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DooMAD
Legendary
Offline
Activity: 3780
Merit: 3103
Leave no FUD unchallenged
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February 10, 2014, 08:23:19 PM |
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everyone seems to forget that Mark is NOT a native english speaker, nor are the JAPANESE people. whoever wrote the press statement in the ENGLISH language may not have carefully analyzed every word used and chosen the best one. people forget that MTGOX is a japanse company run by a french guy
Their grasp of English isn't the problem. Their grasp of code (or distinct lack thereof) is. Whatever language they chose to say it in, they said the fault lies with bitcoin, when it was no one's fault but their own. The problem is the way they run their business and how they handled this situation. Appalling on all fronts. That too. |
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