Legacy of Mt. Gox

[TheDailyCrypto]

The legacy of Mt. Gox lingers on, but it in the future, we will look back and remember this for the better.

http://thedailycrypto.com/post/legacy-of-mt-gox/

What do you think?

[Notanon]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

[pinkmonkey]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

so bitcoin will be doomed! we must mine alt-coins now

[sgdias]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

My understanding is transaction malleability is not a bug bit instead a feature. It becomes an issue when exchanges dont follow a proper way todo authenticate transactions.

[mysidia]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

I believe transaction malleability is not a bug; it's just a result of how the protocol works.
You may want to change and resubmit a transaction that failed to go through.

It's a case of.... blame the protocol for implementation errors in your automated system.

It would be kind of like cashing a check....  and immediately crediting the user with tangible goods.
Without accounting for the possibility of the check bouncing later, or failing to clear due to error nonexistent account or stop-payment.

Just like banks have their rules,  Bitcoin protocol has its rules.
Businesses that transact,  need to understand the rules, and take especial care to protect themselves given the rules, or else,  someone will eventually exploit their business.

[roslinpl]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

so bitcoin will be doomed! we must mine alt-coins now

Bitcoin will be not doomed...
They will never prove it even it would be truth (but it isn't)

and as you can see altcoins are not doing too good while bitcoin price is like it is...

[TheDailyCrypto]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

so bitcoin will be doomed! we must mine alt-coins now

Bitcoin will be not doomed...
They will never prove it even it would be truth (but it isn't)

and as you can see altcoins are not doing too good while bitcoin price is like it is...

Altcoins are doing just fine, they tend to go up and down but they seem to be pretty stable as of now.  It seems like this whole episode hasn't really hurt the Cryptocurrency market as much as it could have.

[carrigan651]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

so bitcoin will be doomed! we must mine alt-coins now

all trolling

[DeathAndTaxes]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

Copyright (c) 2009-2013 Bitcoin Developers

Permission is hereby granted, free of charge, to any person obtaining a copy
of this software and associated documentation files (the "Software"), to deal
in the Software without restriction, including without limitation the rights
to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
copies of the Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in
all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
THE SOFTWARE.

It would be like buying a car "as-is" and then suing because it doesn't meet your needs.  "AS IS" = "AS IS" and is pretty well established in civil law. 

[minerva]

I think I wouldn't be surprised if the Bitcoin devs face a lawsuit eventually as a result for knowing about the transaction malleability issue for about 3 years and not making a serious effort to address it.

Copyright (c) 2009-2013 Bitcoin Developers

Permission is hereby granted, free of charge, to any person obtaining a copy
of this software and associated documentation files (the "Software"), to deal
in the Software without restriction, including without limitation the rights
to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
copies of the Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in
all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
THE SOFTWARE.

It would be like buying a car "as-is" and then suing because it doesn't meet your needs.  "AS IS" = "AS IS" and is pretty well established in civil law. 

oh yes, it's well established that you can't waive away total liability on if negligence can be proven

[DeathAndTaxes]

There can't be negligence if you voluntarily choose to use a piece of software you have been informed is provided as is and may not be suitable to your needs.

The only negligence would be on the party using the software which failed to conduct their own research on if it was suitable.  So unless it is your belief that MtGox is going to sue MtGox for negligence there will be no lawsuit.