Topic: Support a Bailout for (MT)Gox.com - page 4. (Read 7868 times)

The strangest part was that China was the one who was eating all the Bitcoins last night
Max Keiser posted a link
China the vacuum cleaner lol
http://fiatleak.com/

Sorry if you lost you bitcoins but I feel it would be better to let mtgox fail. That way, we can show the world that in the Bitcoin wild west, there is no "too big to fail". When we come back out of this mess, people will think, "Hey, I think this Bitcoin thing is something serious, maybe I should learn about it." The next time a big exchange would get in trouble, it would have lesser impact on the price since people know Bitcoin don't care. Look at the time when China banned bitcoins. There was a huge sell off. However, when Russia followed by completely banning bitcoins, there was hardly a dump. Let's move on and show Bitcoin is unstoppable.

Nope It's not like the Bitcoins can print themselves 

I completely and wholeheartedly support a Gox Bailout and believe it's the most ethical course of action..... as long as it's coming from Mark Karpeles' own stash Op, revise title to include the latter part and perhaps we can get a petition started.

It appears you and all other people with money or coins at Gox are going to do a bail-in for Gox, like Cyprus did to account holders there.

MtGox is the problem with Bitcoin.  MtGox is at least the most inept group of people running an exchange, and likely the most corrupt.

If Gox was hacked and lost coins it because Gox's code sucked.  Personally, I don't believe a single thing Gox says, prints, posts, or claims, if you couldn't already tell.

I do feel real sorry for all the people who were so stupid as to keep on putting money into Gox thinking they were getting a good price on the coins.  Ehh no I don't it's Mt Gox.  Mt Gox is the Mos Eisley of Bitcoin, at least that's what Obi Wan says.


For the non Star Wars fan: "Mos Eisley spaceport. You will never find a more wretched hive of scum and villainy. We must be cautious." - Obi Wan

Bailouts, even in the form you're suggesting, are counter to what decentralized networks are all about.
Decentralized networks are superior because you don't have to bail out, or save any one entity.

If an arm or a leg dies and falls off, the organism grows new ones back, and continues thriving.
Bailouts are a mentality for the legacy centralized financial system where specific entities are needed so the whole system doesn't collapse.
Bitcoin was created for the explicit purpose of not needing such a process.

Bitcoin doesn't need to bail out MtGox.  Its just a limb that can fall off.  The organism will continue to thrive.
All this babble in the media about Bitcoins reputation being harmed for "years to come" is just that.  Babbling nonsense.

Highly recommend everyone watch this:  http://www.youtube.com/watch?v=wc1ZFTnSSVM

-B-

I am talking about a "bailout" more like a take-over in the way described in the leaked document.

Stop smoking too much pot OP.

What could actually motivate anyone with the resources to bail them out?

Other than turning over $400 million worth of cash,  only to cover existing debts,  with probably in return --- most likely nothing other than potential legal problems....

If you want to get into the exchange business,  the amount of cash it would require to bailout Gox,  would probably get you started within 12 months as a compelling alternative/replacement.

Gox will first have to launder Mexican drug cartel money before I even consider bailing them out. What is this, the kiddies league? Rob some customers, do some business with criminals, pay off some politicians, do something interesting. You don't get to being too big to fail by being nice.

are you fucking insane?

Not gunna happen.

What do you say, we show some support for a Bailout in the case of MTGox?
I think it will be the best thing for Bitcoin as we are in the transition stage from "innovative tech" to "regulated and trusted main stream innovative tech"...
In order to make this transition we need support from the community and the world.

Of course, on top of that... people (like me) who have funds @ MTGox would like to get access to those funds asap.

Let's get this thread a lot of positive support for a bailout for MTGox!

It is not the time to be cynical. It is not the time to say "told you". This is the time to help.

What do you say? help and show support for the Bitcoin ecosystem, Bitcoin holders and traders who spent money, time and effort supporting this business and also the public image? Everyone who traded on MTGox probably talked about Bitcoin a lot with friends, family and others helping the ecosystem and we are talking about A LOT OF PEOPLE.
If this works out, then the Bitcoin community will be stronger than ever and also, don't worry about the bail-outer/s, they will get their Bitcoin value increased, self recognition for knowing they did the right thing and also, a lot of commissions and future funds.

So please, for all the right reasons, show support for a bailout in this case!

I think this is a true test for Bitcoin and the community.