![Mt. Gox Blames Bitcoin - Core Developer Greg Maxwell Responds [Update: Further Technical Details]](maxthumb/2016050323.jpg)
Mt. Gox Blames Bitcoin - Core Developer Greg Maxwell Responds [Update: Further Technical Details]
Mt. Gox Official Statement. Mt. Gox have just released their official statement regarding their recent decision to halt all Bitcoin withdrawals. Essentially, they are claiming they can't release customers' funds until a known bug in the Bitcoin protocol is resolved. The market is reacting very negatively to the Gox announcement, falling ~$160 on high volume since the news. Greg Maxwell Responds. I spoke with Bitcoin core developer, Greg Maxwell, about this highly technical issue. Greg Maxwell and Peter Wuille are the core developers in consultation with Mt. Gox, as per their press release.....
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Core developer Greg Maxwell has deflated hopes of imminent SegWit activation, saying any redeployment “can’t happen” until the current one expires. Responding to an alleged agreement led by Barry Silbert at the Consensus conference to activate SegWit by September, Maxwell explained this was due to technical reasons of “simplicity and safety.” “So in 0.13.1+ almost all of SegWit is already active, including all the P2P components... the new network service flag, the witness-tx and block messages, compact blocks v2, etc. A redeployment of SegWit will need to redefine all these things,” he....
Bitcoin holds a lot of promise as a decentralized currency, but there are many technical issues to be tackled as adoption increases. No one knows this better than core developer Gregory Maxwell, who has been contributing to bitcoin's software since the early days. A long time open-source and cryptography advocate, Maxwell was an early contributor to Wikipedia and worked for the Mozilla Foundation. He is now a co-founder of Blockstream, which has raised $21m with ambitious plans to push forward the development of bitcoin to better secure its future. Maxwell recently talked to CoinDesk at....
Bitcoin is often credited for being a way too anonymous and private mode of transaction. But if Blockstream's Greg Maxwell is to be believed, there is a still a scope of improvisation. The Blockstream co-founder and core developer recalled a number of privacy issues with Bitcoin, mostly related to revealable identities of Bitcoin transactors. He said that if an onlooker manages to disclose the identities of involved transactors, he can further figure out one's financial history by simply looking at his publicly available transaction records. "You can leak this information to everyone, and....
Greg Maxwell is a target of a recent online Bitcoin community controversy that originates in an alleged connection between Theymos and a Blockstream employee. Two of the Bitcoin community’s largest forums, including Reddit Bitcoin and Bitcointalk are operated by Theymos, who despite many criticisms, have maintained the success of both online communities. A few years ago, Theymos decided to develop innovative forum software to continue the surging growth of Bitcointalk and Reddit Bitcoin. The software is called Epochtalk, and it is still being actively developed by Theymos and his....
Bitcoin Core Developer and the Blockstream co-founder Gregory Maxwell explained how altcoins are distracting resources that could have been utilized to improve Bitcoin. The celebrated techie, who was attending the launch of their pet project, the Sidechain Elements, criticized altcoins muddling the Bitcoin sector by creating an inessential competition. "I think the 2.0 space has, frankly, screwed up the 1.0 space by distracting talent, diverting money, misallocating infrastructure," he explained. "And most of all, [it has confused] our message to the public (regarding bitcoin's ability to....