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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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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masterluc
Legendary
Offline
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
Legendary
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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
Legendary
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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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