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The second link is actually a pretty great speculation. My only objection is that it is rather improbable to lose all 788k BTC. How dumb you should be to keep a
by snitko 13y ago
The second link is actually a pretty great speculation. My only objection is that it is rather improbable to lose all 788k BTC. How dumb you should be to keep all the coins in a single stash? Or to keep keys to different stashes in one place? I'm willing to believe Gox lost some, but all? Oh man, Mark's gonna be a nominee for the Darwin award of the century then.
- nwh 13y agoIf you have some stupid custom software that's making bad private keys you would never notice until you go to use them (or test them). Even more plausibly, they mention in 2011 to be using a custom system like Shamir's Secret Sharing, maybe they suddenly realized that their shared secrets are all bad? Not saying that's what happened, but it's not an unreasonable thought. It's more reasonable than losing 750,000BTC to an issue that could have been picked up by even the most basic accounting.