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overtheedge
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>“A Bug in the Bitcoin Software” - Tim Iacono - Iacono Research
"... a Mt. Gox spokesman blamed “a bug in the bitcoin software” that left transaction details vulnerable."

In simple English, it appears the supposed heavily encrypted, secure, digital currency got hacked.
No mention so far as to how long this bug existed.
Were these vulnerabilities exploited by law enforcement and/or tax authorities?
Do you really expect the cheerleaders for bitcoin to be open and honest about this "bug"?

Can you spell counter-party risk in light of this Mt Gox fandango?


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Beginning of the headline :Bitcoin is having another rough day today after Mt. Gox, the biggest exchange for the digital currency, announced an indefinite extension on the withdrawal ban that it originally announced last Friday. Not surprisingly, the currency as measured in U.S. dollars has been struggling lately as shown in the Blockchain chart below and lower prices are likely ahead. A Reuters report noted the price dipped as low as $500 earlier today and that a Mt. Gox spokesman blamed “a bug in the bitcoin software” ... Read More
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