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The Embarrassing Fact MtGox Left Out Of Their Press Release

2 pointsby zoowarover 11 years ago

1 comment

BMarkmannover 11 years ago
It&#x27;s hard to say, not having the technical background to fully understand the BTC protocol, whether the accusations that put all the blame at MtGox&#x27;s feet are valid. My takeaway from the whole situation, though, is that <i>if</i> it&#x27;s purely a problem with the MtGox implementation the market will take care of it. If consumers still see the same benefits of BTC (and I don&#x27;t see any reason they wouldn&#x27;t), the demand for the services of a similar exchange will shift to a competitor with better engineering creds.<p>I have two questions, though. 1) What&#x27;s the confidence level of the public that there aren&#x27;t more fundamental issues with the protocol itself; and 2) are there any competing cryptocurrencies that, by design, wouldn&#x27;t be as susceptible to problems like MtGox introduced into the ecosystem?
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