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Comment Re:sounds like it really was sheer incompetence... (Score 1) 92

This was a KNOWN and PUBLISHED flaw since 2011, along with clear instructions about how to avoid it. Any casual first-time programmer of bitcoin would have seen this when learning how to program bitcoin (it's on the Wiki: https://en.bitcoin.it/wiki/Tra...). Mt. Gox, having been around since 2010, could have not noticed I suppose, except that Gavin Andreson (the lead bitcoin developer) is on record as having warned them about this flaw multiple times. And it was brought up in a Bitcoin Foundation meeting where Karpeles was present.

Comment Re:Flawed assumption (Score 1) 92

The blockchain is PUBLIC. The vulnerability they mentioned is legitimate. They found 6000 successful attempts on the blockchain of double-spending a change transaction (all bitcoin transactions have an initial transaction and a change transaction, unless the amount matches perfectly).

These weren't related to known Mt. Gox addresses. How is this hard to understand that these guys know what they are talking about? Many of us in the bitcoin community could see this the very next day, as soon as we looked.

Comment Re:Futile? (Score 1) 322

I used to work at an auto parts store where someone was stealing from the registers. Since we had just hired a guy back after going to jail (presumably for something he didn't do), all eyes were on him. It was a slow night, so my co-worker and I took a look at the shift logs and who worked 1-2 shifts before the money was found missing (because it had safe drops, you couldn't always tell the next shift).

It took us about 20 minutes to find the culprit. It was totally easy. So this is complete BS.

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