- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The Inside Story of Mt. Gox
Posted on 3/3/14 at 1:14 pm to joshnorris14
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.
2
Posted on 3/3/14 at 1:22 pm to Poodlebrain
quote:
You wrote the following on 2/28/2014:
quote:
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.
Posted on 3/3/14 at 1:41 pm to Poodlebrain
Quote the whole post liar.
Again, I didn't say:
I said:
And then I said it was more likely that they lost the private keys than they had 850,000BTC stolen incrementally over a period of a few years.
quote:
Their story of losing 850,000BTC through transaction malleability makes little to no sense. Charlie Shrem went over the math the night it happened and it breaks down to tens of thousands of dollars worth of bitcoin being stolen per day (if you use the average price of bitcoin since the beginning of Mt. Gox).
Again, I didn't say:
quote:
missing Bitcoins likely weren't stolen
I said:
quote:
Their story of losing 850,000BTC through transaction malleability makes little to no sense.
And then I said it was more likely that they lost the private keys than they had 850,000BTC stolen incrementally over a period of a few years.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News