This can happen for various reasons, but a fairly obscure one is that someone on the network can mangle the transaction
If it's a way to swindle people out of thousands, or hundreds of thousands, of dollars, then people are going to drive truckloads of money out that hole. it goes from "an obscure case" to "holy hell people are just stealing all our money".
Yeah, thing is, as I explained towards the bottom of the post, it was this in combination with their failure mode that caused people to be able to steal all their money.
If they had a sane failure mode, this would never have been a problem, even if they completely fucked up their understanding of the Bitcoin protocol in incomprehensible ways, or if there was a bug in the Bitcoin protocol that nobody was aware of.
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This can happen for various reasons, but a fairly obscure one is that someone on the network can mangle the transaction
If it's a way to swindle people out of thousands, or hundreds of thousands, of dollars, then people are going to drive truckloads of money out that hole. it goes from "an obscure case" to "holy hell people are just stealing all our money".
Yeah, thing is, as I explained towards the bottom of the post, it was this in combination with their failure mode that caused people to be able to steal all their money.
If they had a sane failure mode, this would never have been a problem, even if they completely fucked up their understanding of the Bitcoin protocol in incomprehensible ways, or if there was a bug in the Bitcoin protocol that nobody was aware of.