THIS DAY IN BITCOIN HISTORY
What happened in Bitcoin on June 19: Mt. Gox’s flash crash (2011).
A compromised account dumps its coins and the price briefly falls to a cent. Mt. Gox halts trading and rolls the trades back.
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).
Mt. Gox Support Desk · June 2011
The design outlines a lightweight client that does not need the full block chain. In the design PDF it's called Simplified Payment Verification. The lightweight client can send and receive transactions, it just c…Read the full quotes ↗
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