Mt Gox, the leading Bitcoin exchange announced they have been robbed. $470 million worth of Bitcoin was stolen. Mt. Gox halted customer withdrawals, and has filed for bankruptcy in Japan. Mt. Gox claims that bugs in the Bitcoin programming allowed "unauthorized withdrawals".
Wow. Just how do you steal a Bitcoin? And, surely each Bitcoin has a serial number. Why cannot Mt. Gox put out the word that Bitcoins serial numbers thus and thus and thus are stolen and not to be honored anywhere? And since Bitcoins are a pure software concept, why cannot Mt. Gox's computers simply gin up enough Bitcoin to cover their obligations?
And what does one do with a stolen Bitcoin? Surely you cannot hide it under a mattress.
Showing posts with label Mt. Gox.. Show all posts
Showing posts with label Mt. Gox.. Show all posts
Tuesday, March 4, 2014
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