Mt. Gox: Bitcoin Developer Explains Transaction Woes, Dismisses Rumours

Mt. Gox: Bitcoin Developer Explains Transaction Woes, Dismisses Rumours

Mt. Gox exchange wallet may have mangled transactions. In a candid discussion on Reddit, Bitcoin Developer Gregory Maxwell has provided some insight into the technical difficulties being faced by Mt. Gox and dismisses rumours of insolvency. His musings point to practical obstacles posed by Mt. Gox's use of the Bitcoin protocol and their custom wallet implementation. Insolvency - "just hysteria". First of all, it is noteworthy that Maxwell dismisses allegations of Mt. Gox's imminent insolvency as "just hysteria". But then, what exactly are the supposed causes of the massive disruption....

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