Seems more and more like the "technical glitch" at Mt. Gox is actually an existential issue for Bitcoin.
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Replying to @ElliotTurn
@ElliotTurn it's a very short term threat. It's a bug in the protocol, but a straightforward workaround exists.2 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart "This bank run would stop if only people stopped taking their damn money out!"2 replies 0 retweets 0 likes -
Replying to @ElliotTurn
@ElliotTurn if you're saying it's an existential threat to the exchanges, then no argument here1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart Well that, but more importantly, I'm saying for Bitcoin itself.1 reply 0 retweets 0 likes -
Replying to @ElliotTurn
@paulbaumgart This whole argument that it's a "cheaper transaction platform" is obviously deeply flawed.1 reply 0 retweets 0 likes -
Replying to @ElliotTurn
@ElliotTurn in my experience, birthing pains like this for novel and complicated software systems are very common and survivable1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart Most complicated software systems don't claim to be the future of cheap, safe, efficient money. Money needs trust.1 reply 0 retweets 0 likes
@ElliotTurn https://bitcoin.org/en/alert/2013-03-11-chain-fork … was a much worse bug IMO & long term irrelevant. Underlying math is still trustworthy as far as we know.
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