Quote:
Originally Posted by MikeRoth
Yep, I was invested when that happened. Luckily they did have some safety/security. I think only a small fraction of the bitcoins were in their "HOT wallet" which were the ones that were dumped to cause the massive drop. I believe MTGox reversed the exchange and reset it though. After that they made everyone verify their account with last used IP, e-mail, password, account balance information, which accounts you used to transfer the money into MTGox or bitcoin addresses used before they would give you your account back. But I didn't lose a dime from it so I do have a bit of faith in MTGox.
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it's a sign of them recovering quickly and going forward, but at the same time it shows how completely vulnerable they are and will continue to be.
i don't see how exchanges fit into the original goals of the bitcoin project, i know it's evolved significantly, but can that continue with exchanges?