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by buttsex 4496 days ago
I would love to see MtGox given a bailout. So many heads would explode.
1 comments

I've seen so many criticisms of Bitcoin answered with apologies along the line of "well fiat currency is even worse because corruption/inherently worthless/monopoly on violence," so I'm sure the true believers will come up with some way to rationalize it, if it happens, while still keeping a weather eye out for the revolution.
It wouldn't be that hard to rationalize that one. This "bailout" would be completely different than a publicly funded bailout that wasn't even voted on.
Who would be voting on a bailout of Mt. Gox?
The obvious difference is that all the funds in this hypothetical scenario would be coming from Satoshi himself. He can do whatever he wants with his bitcoins as far as I'm concerned. The bank bailouts were ultimately publicly funded.