<story><title>What Did Not Happen At Mt. Gox</title><url>http://hackingdistributed.com/2014/03/01/what-did-not-happen-at-mtgox/</url></story><parent_chain><item><author>efuquen</author><text>It&amp;#x27;s funny how you took that last line completely out of context, the author was clearly tongue-in-cheek with that statement, here is the what comes &lt;i&gt;immediately&lt;/i&gt; after that sentence:&lt;p&gt;&amp;gt; &lt;i&gt;The community does not take itself seriously. Most importantly, no one pretends that Doge is an investment vehicle, a slayer of Wall Street, or the next Segway. No one would be stupid enough to store their life savings in Dogecoins.&lt;/i&gt;</text></item><item><author>nwh</author><text>&amp;gt; &lt;i&gt;But elliptic curve crypto is not one of these topics. If the code can generate a handful of Bitcoin account numbers and corresponding keys correctly, there is hardly any reason why it cannot do so for all account numbers and corresponding keys.&lt;/i&gt;&lt;p&gt;Not totally true, not every input can yield a valid private key. The very upper ranges of the private key space are limited, as only integers 0x0 through 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140 are valid private keys for Bitcoin.&lt;p&gt;You&amp;#x27;d have to be stupid unlucky to randomly generate an invalid private key, but it can possibly happen.&lt;p&gt;&amp;gt; &lt;i&gt;If one must pick a cryptocurrency, the lowly dogecoin, of all things, is doing everything right. &lt;/i&gt;&lt;p&gt;Yeah, an ancient fork of Litecoin with a meme name is going to save us. Has absolutely no relevancy to the issue at hand of course.</text></item></parent_chain><comment><author>nwh</author><text>Eh, I hear that a lot but it&amp;#x27;s fairly far from the reality. It&amp;#x27;s a two faced presentation from that community, when the price of dogecoin goes up they get behind &amp;quot;doge to the moon&amp;quot;, if the price goes down it&amp;#x27;s &amp;quot;all for fun&amp;quot;. To pay for the amount of mining that is going on in altcoins, people &lt;i&gt;must&lt;/i&gt; be treating it as an investment vehicle, otherwise miners wouldn&amp;#x27;t be pulling upwards of 400BTC[0] a day out of the retched things.&lt;p&gt;[0]: Based on Middlecoin.com&amp;#x27;s performance a few weeks ago, before their hashrate dropped, they were pulling a clean 400BTC from dogecoin and friends (and this is only one single pool!). For them to be pulling 400BTC a day there must be considerably more volume going &lt;i&gt;into&lt;/i&gt; the altcoin markets beforehand. No doubt &amp;quot;investors&amp;quot; getting in on the &amp;quot;next big coin&amp;quot; and losing out.</text></comment>
<story><title>What Did Not Happen At Mt. Gox</title><url>http://hackingdistributed.com/2014/03/01/what-did-not-happen-at-mtgox/</url></story><parent_chain><item><author>efuquen</author><text>It&amp;#x27;s funny how you took that last line completely out of context, the author was clearly tongue-in-cheek with that statement, here is the what comes &lt;i&gt;immediately&lt;/i&gt; after that sentence:&lt;p&gt;&amp;gt; &lt;i&gt;The community does not take itself seriously. Most importantly, no one pretends that Doge is an investment vehicle, a slayer of Wall Street, or the next Segway. No one would be stupid enough to store their life savings in Dogecoins.&lt;/i&gt;</text></item><item><author>nwh</author><text>&amp;gt; &lt;i&gt;But elliptic curve crypto is not one of these topics. If the code can generate a handful of Bitcoin account numbers and corresponding keys correctly, there is hardly any reason why it cannot do so for all account numbers and corresponding keys.&lt;/i&gt;&lt;p&gt;Not totally true, not every input can yield a valid private key. The very upper ranges of the private key space are limited, as only integers 0x0 through 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140 are valid private keys for Bitcoin.&lt;p&gt;You&amp;#x27;d have to be stupid unlucky to randomly generate an invalid private key, but it can possibly happen.&lt;p&gt;&amp;gt; &lt;i&gt;If one must pick a cryptocurrency, the lowly dogecoin, of all things, is doing everything right. &lt;/i&gt;&lt;p&gt;Yeah, an ancient fork of Litecoin with a meme name is going to save us. Has absolutely no relevancy to the issue at hand of course.</text></item></parent_chain><comment><author>tomphoolery</author><text>Bitcoin is an experiment, it&amp;#x27;s not meant to be a new investment product. It should be &lt;i&gt;very&lt;/i&gt; clear to anyone involved that this is a volatile atmosphere and anything can happen. After all, it&amp;#x27;s really just a bunch of geeks with a website. There is no liability here.&lt;p&gt;That said, I do think the author was a bit naive about the Dogecoin reference. Weren&amp;#x27;t they implicated in some kind of fraud as well? Seems as though &lt;i&gt;that&lt;/i&gt; is the primary reason why no one would store their life savings in Dogecoin.</text></comment>