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Bitcoin Exchange MtGox* goes dark after theft report. The largest exchange for the internet currency abruptly stopped trading on Tuesday. What has happened? Supposedly, 744,000 Bitcoins have been stolen in recent years by a vulnerability in the log.
Bankrupt or a made off to the Caribbean? Wild rumors are circulating on the internet there. Great fear is about that the stock market went bankrupt. No reaction on inquiries by phone or e-mail at MtGox.
A disaster for all followers of digital payment. But many problems are homemade at MtGox. Difficulties has been around since they established in 2009. The fact of the matter is, the cause of the problem was a software error on one of the "Bitcoin stock exchanges". Other Bitcoin stock exchanges have no issues and continue to work reliably. MtGox has not worked with reliable software and they were unable to cope with this business. Aware of it, the shutdown of MtGox was long overdue.
To avoid misunderstandings! Bitcoin developers are not the guys that run MtGox. Insofar the Bitcoin developers can not solve the technical problems of MtGox. Due to misrepresentation an impression is left that the Bitcoin system itself is faulty. We are excited to see how it continues.
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*MtGox was originally started by Jed McCaleb in July 2010, and was sold to Tibanne Co. in Japan in March 2011. It is currently operated by Tibanne Co., managed by Mark Karpeles (MagicalTux).
Bankrupt or a made off to the Caribbean? Wild rumors are circulating on the internet there. Great fear is about that the stock market went bankrupt. No reaction on inquiries by phone or e-mail at MtGox.
A disaster for all followers of digital payment. But many problems are homemade at MtGox. Difficulties has been around since they established in 2009. The fact of the matter is, the cause of the problem was a software error on one of the "Bitcoin stock exchanges". Other Bitcoin stock exchanges have no issues and continue to work reliably. MtGox has not worked with reliable software and they were unable to cope with this business. Aware of it, the shutdown of MtGox was long overdue.
To avoid misunderstandings! Bitcoin developers are not the guys that run MtGox. Insofar the Bitcoin developers can not solve the technical problems of MtGox. Due to misrepresentation an impression is left that the Bitcoin system itself is faulty. We are excited to see how it continues.
--
*MtGox was originally started by Jed McCaleb in July 2010, and was sold to Tibanne Co. in Japan in March 2011. It is currently operated by Tibanne Co., managed by Mark Karpeles (MagicalTux).
