Those 500K Bitcoins that caused the flash crash weren't real
"The new Mt. Gox site features SHA-512 multi-iteration, triple salted hashing"<p>Why not use a standard key derivation function such as PBKDF2 or bcrypt to provide some confidence in the system rather than inventing their own?<p>AFAIK bcrypt is strong because of Blowfish's expensive key setup. How does this compare to SHA-512?