2014-02-25 22:02 GMT+01:00 fyl <[1]fyl@a42.com>:

   What I didn't understand until a few minutes ago is that MtGox wasn't

     putting their transactions on the blockchain. Thus, the built-in
     validation model that comes with bitcoin was being "worked around".

   Could you be a bit more specific about transaction? A Bitcoin
   transaction /has/ to go into the blockchain. An MtGox internal
   transaction normally wouldn't. A trade definitely wouldn't, as it
   bridges fiat and crypto.

References

   1. mailto:fyl@a42.com