What happens if it fails then you have a bunch of worthless coins. It's unlikely to 'fail'. Again, there has been a chorus of bitcointalk, reddit, *chan and IRC users warning people to stay away from being Goxed since 2011 so this exchange imploding due to incompetence is not a surprise at all.
The bitcoins did not disappear. They are on the blockchain just somebody used a bug in Gox's custom php wallet to pillage all the coins for themselves. The official client bitcoind/bitcoin-qt is not affected, and none of the other major sites like blockchain.info or localbitcoins who keep large escrows were affected, just Gox and a drug dealing site who also rolled their own wallet and lost everybody's money.
If you want to work with the raw bitcoin protocol you should pay a Bitcoin developer to help you, then these problems would be avoided. Karpales was making 6 million per month at one point, yet did everything himself (badly). You don't even need to pay them, log into bitcointalk.org and post in the dev base your custom implementation and ask them is this fail y/n?
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What happens if it fails then you have a bunch of worthless coins. It's unlikely to 'fail'. Again, there has been a chorus of bitcointalk, reddit, *chan and IRC users warning people to stay away from being Goxed since 2011 so this exchange imploding due to incompetence is not a surprise at all.
The bitcoins did not disappear. They are on the blockchain just somebody used a bug in Gox's custom php wallet to pillage all the coins for themselves. The official client bitcoind/bitcoin-qt is not affected, and none of the other major sites like blockchain.info or localbitcoins who keep large escrows were affected, just Gox and a drug dealing site who also rolled their own wallet and lost everybody's money.
If you want to work with the raw bitcoin protocol you should pay a Bitcoin developer to help you, then these problems would be avoided. Karpales was making 6 million per month at one point, yet did everything himself (badly). You don't even need to pay them, log into bitcointalk.org and post in the dev base your custom implementation and ask them is this fail y/n?