Support a Bailout for (MT)Gox.com

[TraderTimm]

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.

You are, without a doubt, one of the biggest idiots I've ever seen on this forum - and that's saying something, because I've been here since 2011.

Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

I can only imagine how you are so enured with the current legacy financial system that you'd emulate one of their tricks. Bailouts are for cowards, and they punish the very people they purport to save.

Please throw your computer out of a window.

Thanks.

[1714779679]

1714779679

[C10H15N]

Let me thin... No!   

[joehal]

Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

Not a bailout. Have you read this ? https://bitcointalk.org/index.php?topic=489949 (Voluntary Reorganization Best Option for Us All)
Gox staying dead would have repercussions throughout the entire community. Most people say :"see ? I told you bitcoin would fail" ..and so on.
 
While a GOX rebirth will encourage the newbies that a private bank can fail, but a public run exchange (like bitcoin itself) is better, and it cannot fail.

It will be a great example to the world. All the news/media proclaiming the death of bitcoin because of GOX, will look like idiots.

[Swordsoffreedom]

Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

Not a bailout. Have you read this ? https://bitcointalk.org/index.php?topic=489949 (Voluntary Reorganization Best Option for Us All)
Gox staying dead would have repercussions throughout the entire community. Most people say :"see ? I told you bitcoin would fail" ..and so on.
 
While a GOX rebirth will encourage the newbies that a private bank can fail, but a public run exchange (like bitcoin itself) is better, and it cannot fail.

It will be a great example to the world. All the news/media proclaiming the death of bitcoin because of GOX, will look like idiots.

Gox's death might actually start something new entirely a decentralized exchange system based on personal trust and escrows with the central exchange system just being the intermediary between selected participants who do not know each other but wish to trade and exchange.
Meaning that Gox might signal the start of something new and better either way were still in fear right now so it will take time to prove that this is not the end of bitcoin but the Genesis, and get the media to change its tune.

[thelema93]

Good idea.
Anyway when Marks fixes his accidentally modded wallets, the new re-launched Gox won't need bailing out.

[TraderTimm]

Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

Not a bailout. Have you read this ? https://bitcointalk.org/index.php?topic=489949 (Voluntary Reorganization Best Option for Us All)
Gox staying dead would have repercussions throughout the entire community. Most people say :"see ? I told you bitcoin would fail" ..and so on.
 
While a GOX rebirth will encourage the newbies that a private bank can fail, but a public run exchange (like bitcoin itself) is better, and it cannot fail.

It will be a great example to the world. All the news/media proclaiming the death of bitcoin because of GOX, will look like idiots.

You haven't been involved with Bitcoin very long, have you.

Bitcoin is declared "dead" almost once every year. Gox is no different, and resurrecting its business won't help anything. You want to help people? Then start a donation fund to restore balances that were stolen to the Gox victims. Gox doesn't deserve to exist, because the CEO has zero ability to run a business.

I can't even believe I have to point this out to you. They tried to reorganize and get new investors - and those investors GOT THE FEDS INVOLVED. That alone should tell you something.

The people who say "Bitcoin is dead" will look like idiots over time - and we don't need some half-baked plan to "save" Gox to achieve that.

[joehal]

Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

Not a bailout. Have you read this ? https://bitcointalk.org/index.php?topic=489949 (Voluntary Reorganization Best Option for Us All)
Gox staying dead would have repercussions throughout the entire community. Most people say :"see ? I told you bitcoin would fail" ..and so on.
 
While a GOX rebirth will encourage the newbies that a private bank can fail, but a public run exchange (like bitcoin itself) is better, and it cannot fail.

It will be a great example to the world. All the news/media proclaiming the death of bitcoin because of GOX, will look like idiots.

You haven't been involved with Bitcoin very long, have you.

Bitcoin is declared "dead" almost once every year. Gox is no different, and resurrecting its business won't help anything. You want to help people? Then start a donation fund to restore balances that were stolen to the Gox victims. Gox doesn't deserve to exist, because the CEO has zero ability to run a business.

I can't even believe I have to point this out to you. They tried to reorganize and get new investors - and those investors GOT THE FEDS INVOLVED. That alone should tell you something.

The people who say "Bitcoin is dead" will look like idiots over time - and we don't need some half-baked plan to "save" Gox to achieve that.

Obviously any resurrected exchange won't have anything to do with mark. Of course ! As I pointed out several time, this exchange will be different and could make an example by being the first truly transparent exchange, led by 1 million owners.
 Very capable people would be elected and so on...

[Swordsoffreedom]

Keiser Report: New Crypto Phenomenon Ethereum (E569)
http://www.youtube.com/watch?v=hdAnyC45ZbU#t=14

The video says all you need to know about why a Bailout won't work on gox

[balanghai]

Bailing out is almost the same as literally sabotaging the Bitcoin economy. We don't need more bigger bubbles and just poke when people have filled their abysmal pockets.

[thelema93]

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.

Maybe their 1 million customers? Who are all ready and waiting to start trading again and paying maybe $5 to $20 per trade?
So what's that $20,000,000 in the first week?

Hmmmm... wonder why anyone would want to buy up Gox!

[cAPSLOCK]

NO.

For so many reasons, NO.  I am sorry to those who lost their money.

[joehal]

NO.

For so many reasons, NO.  I am sorry to those who lost their money.

For many reasons, I vote yes to a big blow to bitcoin, shaking peoples confidence in current and future bitcoin platforms (who can also go the way of mt gox) . And I also vote yes to an event causing cAPSLOCK user major loss of his money/bitcoins.
 Why ? because I said so (and for many other reasons). But I'm sorry if that happens. Truly sorry.

[thelema93]

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.

Where do I send the money?
Maybe you can post a wallet address and we'll send money to it, and you can pass it on to Mark. LOL!!!!