MTGOX to collapse if Japan goes "the Cyprus way" ?

[mobile4ever]

But, did you ever think what would happen to MTGOX if Japan goes the Cyprus way and grab bank deposits to repay its debt?

Yes, about the MtGox part. I believe we all need decentralized bitcoin markets to not have to worry about any country or any particular market having too much influence on us.

[Gabi]

If Japan collapse like Cyprus, bitcoin will skyrocket. Japan economy is huge, imagine them all buying bitcoins  MT Gox will be in the right place at the right moment to cater to that need 

[zeroday]

If Japan collapse like Cyprus, bitcoin will skyrocket. Japan economy is huge, imagine them all buying bitcoins  MT Gox will be in the right place at the right moment to cater to that need 

Not sure what factor will outweigh in this scenario - emerging needs of the Japanese in bitcoins, or, panic generated by the collapse of centralized exchange.

[jubalix]

yes but the Japanese are smart
they have good infrastructure
they work hard

they will find a way

its infrastructure and workforce that counts

however I admin the declining population may be the issue....

though they can maybe figure that out to.

[Lethn]

though they can maybe figure that out to.

I'd be glad to take part in the experiments for that! WINK WINK!

But seriously I bet they'll just adopt Bitcoin, it's not like a penniless government will be able to stop them.

[gradient vector]

Even at a one billion dollar market cap bitcoin is still in its infancy. People flock to Mt.gox because many other exchanges have folded or been victims of theft (Tradehill, Bitcoinica, Bitfloor). Decentralization will eventually come to bitcoin.

[mobile4ever]

Even at a one billion dollar market cap bitcoin is still in its infancy. People flock to Mt.gox because many other exchanges have folded or been victims of theft (Tradehill, Bitcoinica, Bitfloor). Decentralization will eventually come to bitcoin.

You are right... to the markets.

[jubalix]

though they can maybe figure that out to.

I'd be glad to take part in the experiments for that! WINK WINK!

Boom tish...

but you probably get something you never bargained for