Bitcoin Forum

The value of MtGox was not the service, the value lies in the huge network of International Bitcoin traders (100k + people) that used the service.

What if...

1) A reputable company with loads of cash purchased the now defunct MtGox?
2) The company injected enough FIAT and BTC to make good on all MtGox customer accounts?
3) The company renamed the site, build an improved platform, and sent an email to the 100k + people inviting them to withdraw their FIAT or BTC funds at anytime?
4) What if the company also offered the 100k+ people to make their first ten trades for free?
5) What if the company extended the same 10 free trades offer to its already existing customer base of 10,000,000+ small, medium, and large businesses, so that they too could begin using Bitcoin?
6) What if that trading network was no longer called "MtGox" and Mark and Gonzague were no longer involved because they accepted 50,000 BTC each for walking away?
7) What if in the days that followed the announcement Bitcoin started trading for for $50,000 USD each on this network?
8) What if that company was called Google, or VISA, or PayPal?


Now would you use it?



I will say it again. Half a billion US dollars is a drop in the bucket when compared to the  :)USD $15 Trillion a year worldwide transactions market.

http://www.forbes.com/sites/stevenbertoni/2014/02/12/can-paypal-beat-apple-google-amazon-and-icahn-in-the-wallet-wars/

Freedom is contagious. If the truth comes out and people are made good, Bitcoin has this capacity. Anything less and it is yet another compromised system. Would be best if this growth were organic, but I just don't think that is realistic. Most likely someone is going to make a major investment to take Bitcoin to the next level. It's just a matter of when...

You had me up until #7 - because the answer to what if it was google, visa or paypal is, we'd get screwed over, abused, lied to and bankrupted by corporate greed.  ;D Those companies have full power to do all these things but they've demonstrated (though I do still favor google overall) a lack of good will toward its clients/users. Trust is an inherent component of this alternative currency and pay system.

It's kind of the same principle as what just happened with OculusVR - the excitement and anticipation got bitchslapped when it was purchased by Facebook, in spite of the claims by the devs that it was a way to leverage the wealth, dev, and power of facebook to make sure the Rift gets made.

It will get made...and people figure what happens next is the 20 minute delay from wading through ad spam and glitterbots and forced accounts for login and invasion of privacy and etc.

I totally agree, which is why I said, "Would be best if this growth were organic, but I just don't think that is realistic." Besides, it would only be an exchange. Bitcoin would still function separately.

Here is the big challenge: educating people on their own freedoms. However, it took how many centuries for mankind to understand that they could govern themselves (and we still have people that don't get it). Bitcoin may just be the next step and it will be a few more centuries before we figure the rest out.

Evolution:

Families < Tribes < Churches < Countries < Companies < ? Probably something along the lines of people joined by philosophy.

No one in their right mind would do that. Spending millions of $$$ to take over a company whose reputation is in tatters.

Forget all those other companies.  Start another one and establish a reputation of telling a government to eff off!  That, in and of itself, would be the boldest marketing campaign in presnt day.  I am serious as hell.

What company would want to inject cash into a failure such as gox when they could just open their own with the same sort of money and then build their own reputation.

What if i had an attack fleet stationed on the other side of the moon ready to swoop down upon the IRS and China?

its only dream sorry to say that
noone know how it will turn out, life is just one big chaos theory

Yea I had a dream that 1 bitcon was 90,000 USD now Im not lying this dream was for real.  I would like to know if anyone had any similar dreams?

Big corporation would rather create they own enterprise then buy out one.

i dreamed it was 450,000

I dreamed it would be at 1'000'000$ a coin!