3 ms·
I've stayed away from MtGox due to their issues w/ fiat transfers from last year (which seem to be ongoing), however, technical problems aren't a new thing for
by lhl 13y ago
I've stayed away from MtGox due to their issues w/ fiat transfers from last year (which seem to be ongoing), however, technical problems aren't a new thing for them over the years. I've heard not so great things about the technical underpinnings of their custom Bitcoin protocol implementation.
Here's a discussion from r/bitcoin that talks about how their implementation is out of spec, as well as some of the long-running bugs they have w/ unconfirmed coins, etc: http://www.reddit.com/r/Bitcoin/comments/1x91xq/mtgox_announcement_to_stop_btc_withdrawals/cf990ey http://www.reddit.com/r/Bitcoin/comments/1x91xq/mtgox_announ...
and details on what may be the actual bug w/ their bitcoin_tx implementation:
http://www.reddit.com/r/Bitcoin/comments/1x91xq/mtgox_announcement_to_stop_btc_withdrawals/cf99ugh http://www.reddit.com/r/Bitcoin/comments/1x91xq/mtgox_announ...
When I got back into bitcoin recently, I tried signing up w/ a bunch of exchanges, but ended up using Coinbase and have been pretty happy with them. I've still been transferring coins into my own cold wallets though. The whole point of Bitcoin is that you don't need to introduce counterparty risk by having someone else hold your money.
- lhl 13y agoAs a followup, someone apparently flew from Australia to Japan to try to get his BTC and has just posted an interesting writeup: http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/ http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_a... MtGox has been building up failed transactions for over a week: http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/ http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-e... Relatively realtime tx data: http://coinsight.org/mtgox.html http://coinsight.org/mtgox.html via http://thegoxreport.com/ http://thegoxreport.com/
- makomk 13y agoOh dear. According to that, several transactions are using the same input, which basically means that they're trying to use the same Bitcoins to pay multiple people. So Mt Gox may never even have had enough Bitcoins in their hot wallet to make all the payments they claim to have already sent out.