"Bitcoin is not at fault"? Shouldn't the Foundation admit to some?

[bitsaber]

The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox’s implementation of their highly customized wallet software, their customer support procedures, and their unpreparedness for transaction malleability, a technical detail that allows changes to the way transactions are identified.

Transaction malleability has been known about since 2011. In simplest of terms, it is a small window where transaction ID’s can be “renamed” before being confirmed in the blockchain. This is something that cannot be corrected overnight. Therefore, any company dealing with Bitcoin transactions and have coded their own wallet software should responsibly prepare for this possibility and include in their software a way to validate transaction ID’s. Otherwise, it can result in Bitcoin loss and headache for everyone involved.

The Bitcoin core development team has worked to limit transaction malleability. There is broad agreement in the community that this needs to be eliminated. Finding the best and most responsible solution will take time. In the meantime, users of the reference implementation do not need to be concerned. Transactions are always tracked properly by the Bitcoin-Qt/bitcoind software.

This is a good reminder that Bitcoin is still young and experimental. There are best practices to think about and account for by those who want to build companies. To help improve both the reference implementation and third party software, the Foundation is committed to working with companies to produce best practices to help improve software.

I hate to be the devil's advocate here (especially being a newbie), but how does "known about since 2011" fit with "cannot be corrected overnight"?

Edit: Changed the subject to clarify the question.

[Kouye]

Please read and delete.
https://bitcointalk.org/index.php?topic=458575.0

[bitcoinminer]

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

[LostDutchman]

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

Hence the email I received from them:

"Klaatu barada nikto!"

[bitcoinminer]

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

Hence the email I received from them:

"Klaatu barada nikto!"

Included with every GOXXXING is a copy of our free cookbook - "To Serve Man"!

[LostDutchman]

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

Hence the email I received from them:

"Klaatu barada nikto!"

Included with every GOXXXING is a copy of our free cookbook - "To Serve Man"!

LOL!

That one is going to go over a lot of pinheads around here!

[bitcoinminer]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

[bitsaber]

Actually, I was interested in an answer to my question:

I hate to be the devil's advocate here (especially being a newbie), but how does "known about since 2011" fit with "cannot be corrected overnight"?

[bitcoinminer]

Actually, I was interested in an answer to my question:

I hate to be the devil's advocate here (especially being a newbie), but how does "known about since 2011" fit with "cannot be corrected overnight"?

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

[bitsaber]

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

Actually, I was quoting Gavin Andresen of the BTC Foundation.

[LostDutchman]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

Now that would be acting like Paypal!

[bitcoinminer]

Nights are extremely long on Mt. GOXXX.  They don't experience Linear Time as we do, down here on Earth.

Also there is no concept of ownership.  "Your Coins" are "Our Coins".

Actually, I was quoting Gavin Andresen of the BTC Foundation.

Oh, that's weird.  I was paraphrasing him.

[bitcoinminer]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

Now that would be acting like Paypal!

I'm not sure I can allow a man with an eyepatch to wink at me.  How can I tell you're not just blinking?

[LostDutchman]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

Now that would be acting like Paypal!

I'm not sure I can allow a man with an eyepatch to wink at me.  How can I tell you're not just blinking?

Gimmee a day or so until my parrott returns from his tour of Costa Rica; I'll put on a hat with a skull and crossbones, put the parrott on my shoulder and speak like a pirate, matey!

LOL!

[bitcoinminer]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

Now that would be acting like Paypal!

I'm not sure I can allow a man with an eyepatch to wink at me.  How can I tell you're not just blinking?

Gimmee a day or so until my parrott returns from his tour of Costa Rica; I'll put on a hat with a skull and crossbones, put the parrott on my shoulder and speak like a pirate, matey!

LOL!

Seriously though you gotta get a nice handmade one like The Governor on The Walking Dead.

[justusranvier]

I hate to be the devil's advocate here (especially being a newbie), but how does "known about since 2011" fit with "cannot be corrected overnight"?

Because it wasn't considered to be high priority problem.

[bitsaber]

Because it wasn't considered to be high priority problem.

So why not just state that instead of talking about correcting overnight?

[LostDutchman]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

Now that would be acting like Paypal!

I'm not sure I can allow a man with an eyepatch to wink at me.  How can I tell you're not just blinking?

Gimmee a day or so until my parrott returns from his tour of Costa Rica; I'll put on a hat with a skull and crossbones, put the parrott on my shoulder and speak like a pirate, matey!

LOL!

Seriously though you gotta get a nice handmade one like The Governor on The Walking Dead.

Hey, that is one Helluvanidea!

I know a guy who runs a quirky shop.  Sells cult style jewelry and does leather work..............

I'll give that one a shot!

[bitsaber]

Thanks for contributing, LostDutchman and bitcoinminer!

[bitcoinminer]

I should just open an exchange of my own.

www.EventuallyImGoingToStealYourBitcoins.com

And just have it be part of the EULA that "Management may or may not keep some or all of your BTC".

Now that would be acting like Paypal!

I'm not sure I can allow a man with an eyepatch to wink at me.  How can I tell you're not just blinking?

Gimmee a day or so until my parrott returns from his tour of Costa Rica; I'll put on a hat with a skull and crossbones, put the parrott on my shoulder and speak like a pirate, matey!

LOL!

Seriously though you gotta get a nice handmade one like The Governor on The Walking Dead.

Hey, that is one Helluvanidea!

I know a guy who runs a quirky shop.  Sells cult style jewelry and does leather work..............

I'll give that one a shot!

It's gotta be on Etsy if anything.  I'll even send you 0.01 BTC to contribute!