I have a feeling that people in the Bitcoin community are going to start learning the results of a truly free market, lack of regulations, and the dangers of dealing with a bank that you can't trust.
I may be misremembering, but when MtGox was getting it in the neck for having this bug in their ridiculous terrible custom wallet implementation, someone asked "are there any reliable exchanges" and someone else answered "bitstamp".<p>Just goes to show, there's no use looking at a website (when that site is effectively a black-box) and judging its competency from a general vibe.
Can someone give me a ELI5 breakdown of what's happening in the bitcoin world right now? First MtGox and now Bitstamp.<p>Any reading material on the subject (for a newbie) would be greatly appreciated.
Does this relate to why coinedup suspended bitcoin withdraws and deposits for around 14 hours yesterday?<p><a href="http://www.reddit.com/r/CoinedUp/comments/1xkft8/why_are_bitcoin_depositswithdrawals_offline/" rel="nofollow">http://www.reddit.com/r/CoinedUp/comments/1xkft8/why_are_bit...</a>
> This is a denial-of-service attack made possible by some misunderstandings in Bitcoin wallet implementations<p>So... they didn't handle transaction processing correctly either. Are there any exchanges that are handling this properly?
So another exchange which ignored the known 'bug' in bitcoin and which as a result made them open to exploitation. Why can't bitstamp just admit they have a software issue and are fixing it?