4 ms·
Before the news of gox's massive 740k BTC loss, I had considered the possibility that a competing exchange would buy out MtGox, cover the small hole in customer
by dustcoin 13y ago
Before the news of gox's massive 740k BTC loss, I had considered the possibility that a competing exchange would buy out MtGox, cover the small hole in customer balances (10-50k BTC) and gain a larger customer base while also boosting the confidence of the bitcoin community.
A "bailout" could have been mutually beneficial. 740k BTC is way too much.
- anigbrowl 13y agoYeah, I should have added that by bailout I meant financed by other industry participants rather than via some notional hit on everyone's BTC holdings - but ultimately the cost would have to be passed back to the users in the form of increased transaction costs.