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This is a terrible idea. The rules are the rules, and that's what makes bitcoin bitcoin and not some bank to be bailed out when things get screwed up. This wo
by NateDad 13y ago
This is a terrible idea. The rules are the rules, and that's what makes bitcoin bitcoin and not some bank to be bailed out when things get screwed up.
This would do far more to hurt bitcoin in the long run, because now no one could trust that the rules will be followed.
I'm sorry to all the people who lost money at Mt. Gox. I have a friend who lost $800,000 (sold in January, cash never made it out), so don't think I'm just heartless. But the rules are the rules, and everyone should have known to stay away from Mt. Gox. They didn't because they were greedy for that higher price.