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Topic: Karpeles wanted a bailout - page 2. (Read 1805 times)

hero member
Activity: 642
Merit: 500
Evolution is the only way to survive
March 21, 2014, 04:06:52 AM
#2
No bail out ! bail in , he need to save GOX himself Grin
full member
Activity: 155
Merit: 100
March 21, 2014, 03:47:29 AM
#1
Karpeles wanted a no questions asked bailout from the bitcoin community over the (comparatively small, maybe $20,000,000 to $100,000,000 worth of) liability he had that exceeded the amount of bitcoin gox had on deposit. He probably has a borderline personality, did not like the ridicule and lack of help and then figured that if he was not going to get bailed out then bitcoin would go down in flames as well. He probably did not count on bitcoin's resilience and price support from VC's/

Now he is on meds and trying to figure things out, more bitcoin will probably be "found."

That's been my theory for a few weeks, now looks more likely....

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