ElectricMucus (OP)
Legendary
 Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 01, 2013, 04:35:35 PM |
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What would happen if mtgox were to call for a bail out from it's depositors? How likely would that happen and what would be the resulting consequences?
Not much, I think, the zealots will blame the FEDs and Mark.K will get a get out of jail free card by the community.
Mtgox is after all - too big to fail!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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masterluc
Legendary
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Activity: 938
Merit: 1013
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September 01, 2013, 05:21:49 PM |
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The BitcoinTalk 01/Sep/2013 MagicalTux on brink of first bailout for Gox hehe |
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xxjs
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September 01, 2013, 05:29:04 PM |
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The customers will be unprioritized creditors, both on bitcoin and fiat side.
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Bitobsessed
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September 01, 2013, 05:42:44 PM |
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The BitcoinTalk 01/Sep/2013 MagicalTux on brink of first bailout for Gox heheLOL, good one. |
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videos4btc
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September 01, 2013, 11:58:56 PM |
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The BitcoinTalk 01/Sep/2013 MagicalTux on brink of first bailout for Gox hehehahahaha.......... |
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Phinnaeus Gage
Legendary
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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September 03, 2013, 01:20:34 AM |
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Somebody explain to me how a company that took it a million dollars a day profit daily would need a bailout.
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Walsoraj
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September 03, 2013, 04:23:11 AM |
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Somebody explain to me how a company that took it a million dollars a day profit daily would need a bailout.
wtf r u saying? |
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caffeinewriter
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September 03, 2013, 08:28:08 AM |
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Somebody explain to me how a company that took it a million dollars a day profit daily would need a bailout.
wtf r u saying?  But back on topic, why the hell would a company as big as Gox not have contingencies for situations like the ones they have been facing. Just my thoughts. |
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greyhawk
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September 03, 2013, 08:42:50 AM |
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Hehehe, "company", hehehe  |
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Abdussamad
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Activity: 3598
Merit: 1560
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September 03, 2013, 09:23:37 AM |
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It would be a bail in not a bail out.
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TTBit
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Activity: 1136
Merit: 1001
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September 03, 2013, 12:38:49 PM |
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They would request it and I'd get back to them in two weeks
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good judgment comes from experience, and experience comes from bad judgment
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