Government office for science blockchain unconfirmed transactions
Government for allegedly operating without a license in the United States. Post was not sent - check your email addresses! What does that mean? In the face of media. MtGox was ignorant of the transaction malleability issue despite it being known for years and there being a wiki page dedicated to it.
In January we learned from the testimony of Federal officials that the claim that MtGox was operating with a license which it government office for science blockchain unconfirmed transactions have been was largely used by the Federal Government as a cover for an investigation into the Silk Road. Email required Address never made public. This was exactly what my hunches were, thanks for posting it! What likely started its problems was a bad implementation as initially reported.
It will be huge comeback if its true. This caused MtGox to broadcast invalid transactions that were rejected by the network leading to widespread complaints of customer withdrawals failing. SeaSea March 2, at 9: The insiders freak and notify Coinbase, Blockchain, etc.
Also, in the same interview when asked if he had anything else to say Karpeles linked to a meme on the site 9 GAG: Karpeles made an effort to fix the code and get withdrawals back online as soon as possible, but it quickly became apparent there was no way he could cover the BTC needed to satisfy the requests. A number of theories have been circulating on the internet. Scott Rosenberg March 2, at 8:
I doubt there is any precedent of the us govt forcing an entity under investigation into bankruptcy in such a manner, especially when american investors government office for science blockchain unconfirmed transactions significant funds involved. MtGox declares bankruptcy and Karpeles had to bow his head in shame while apologizing to the Japanese press. Ted Lilley March 1, at 1: If federal agents made known at the time that they were actively pursuing Silk Road it could interfere with their ongoing investigation. I can see why most libertarian-leaning investors might subscribe to this theory though.
SeaSea March 2, at 9: This caused MtGox to broadcast invalid transactions that were rejected by the network leading to widespread complaints of customer withdrawals failing. They proceed to release a joint statement. The theory is essentially that the U. They tracked transactions improperly given the malleability issue this may or may not have happened.
The Bitcoin protocol changed to partially fixed the malleability issue and MtGox never updated its code. In fact, he largely admitted as much in an IRC chat:. Karpeles takes MtGox offline still unable to disclose exactly the source of its problems.
This person posted the story of his one-man protest out front of MtGox and his run in with Gay-Bouchery on Reddit. Also, in the same interview when asked if he had anything else to say Karpeles linked to a meme on the site 9 GAG:. In fact, he largely admitted as much in an IRC chat:
You are commenting using your WordPress. So this theory may turn out to be completely wrong, but given the circumstantial evidence and the extreme improbability of official story this seems the most likely explanation at the moment. MtGox was ignorant of the transaction malleability issue despite it government office for science blockchain unconfirmed transactions known for years and there being a wiki page dedicated to it.
In fact, he largely admitted as much in an IRC chat:. Scott Rosenberg March 2, at 8: Fill in your details below or click an icon to log in: