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I imagine that all BTC available for trade at MtGox are in a MtGox-owned wallet. All trades are just done in their database, and a transaction only hits the bit
by jamie_ca 15y ago
I imagine that all BTC available for trade at MtGox are in a MtGox-owned wallet. All trades are just done in their database, and a transaction only hits the bitcoin network when a user wants to withdraw BTC out of the market.
- dkokelley 15y agoIn that case, while adding fake BTC will not let you actually withdraw coins, it would allow one to issue mass sell orders and crash the price for BTC. Then the exploiter could purchase them at their lower valuation. 'Sell' fake coins. Crash the price. Buy 'real' coins. A virtual coin laundering. Fascinating.