MtGox's "Transaction Malleability" Claim Dismissed By Researchers 92
Martin S. (98249) writes "The Register reports on a paper at the arXiv (abstract below) by Christian Decker and Roger Wattenhofer analyzing a year's worth of Bitcoin activity to reach the conclusion that MtGox's claims of losing their bitcoins because of the transaction malleability bug are untrue. The Abstract claims: 'In Bitcoin, transaction malleability describes the fact that the signatures that prove the ownership of bitcoins being transferred in a transaction do not provide any integrity guarantee for the signatures themselves. ... In this work we use traces of the Bitcoin network for over a year preceding the filing to show that, while the problem is real, there was no widespread use of malleability attacks before the closure of MtGox.'"
Quoting El Reg: "By extracting transaction keys from the transaction set, the researchers say, they were able to identify more than 35,000 transaction conflicts and more than 29,000 “confirmed attacks” covering more than 300,000 Bitcoins." And less than 6000 were actually successful.
Flawed assumption (Score:1, Interesting)
They wrongly assume that they were able to capture all MtGox transaction attempts. Many were posted on their API that were never broadcasted over the network because they were broken / invalid. That didn't stop people from fixing and / or malleating (sp?) them.
Dear slashdot, (Score:5, Interesting)
The very short version is that what these "researchers" were looking at isn't actually how the alleged bug would have worked.
Re:As it was weeks ago... (Score:5, Interesting)
Re:Dear slashdot, (Score:5, Interesting)
Care to answer a few questions then?