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re: The Inside Story of Mt. Gox
Posted on 3/3/14 at 12:14 pm to Poodlebrain
Posted on 3/3/14 at 12:14 pm to Poodlebrain
quote:
So much for Josh's explanation that the missing Bitcoins likely weren't stolen
Don't lie.
I said their explanation of the funds being stolen through the "transaction malleability bug" didn't make sense because it would require a steady flow of stolen bitcoin over years that would be impossible to not notice.
Posted on 3/3/14 at 12:25 pm to joshnorris14
To me, it looks like Mt Gox cashed out, as people at the top of the pyramid always do. You guys keep digging, check behind the grassy knoll, might find bitcoins there
Posted on 3/3/14 at 1:14 pm to joshnorris14
You wrote the following on 2/28/2014:
Why do you deny writing things that are easily verified?
Here is a chance to redeem yourself. How did the thieves get control of the private keys to reflect their ownership of the Bitcoins on the blockchain? Was it as simple as hacking into MtGOX (due to MtGOX security weaknesses) and resetting the private keys such that the public address never changed but the rightful owners were replaced? If so, then the theft was really clever. The Bitcoins were stolen, but left in plain sight with no apparent activity having taken place.
quote:LINK
I think what is more likely than that kind of managerial incompetence (Not to say that Mark doesn't have an immeasurable amount of that) is that they lost the access to their wallets that contained the missing bitcoin.
Why do you deny writing things that are easily verified?
Here is a chance to redeem yourself. How did the thieves get control of the private keys to reflect their ownership of the Bitcoins on the blockchain? Was it as simple as hacking into MtGOX (due to MtGOX security weaknesses) and resetting the private keys such that the public address never changed but the rightful owners were replaced? If so, then the theft was really clever. The Bitcoins were stolen, but left in plain sight with no apparent activity having taken place.
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