[conroe64]

This would only work if the coins were still there. If the Gox coins are stolen/lost, then what are you buying? A worhtless claim to coins that don't actually exist, and that you can't sell.

[panarky]

There's some evidence that Gox still has some BTC. For example, this address was controlled by Gox in 2011, and it still has 50,000 BTC.

https://blockchain.info/zh-cn/address/1P3S1grZYmcqYDuaEDVDYo...

Whether they still control the private keys is different question.

More discussion and evidence here:

http://www.reddit.com/r/Bitcoin/comments/1z30q9/gox_has_at_l...

[tlrobinson]

IIRC, Gox was accepting deposits (both bitcoins and fiat) until very recently.

[conroe64]

Who would deposit bitcoin in an exchange where the average price is a fifth of what is was in other exchanges? Fiat deposits wouldn't matter for this plan.

[tlrobinson]

I don't know. Who would leave their bitcoins in an exchange that had been demonstrating withdrawal problems for 6 months?

[zwily]

The assumption is that there are still some coins left to bootstrap the scheme.

[conroe64]

Even if there are some coins left, there is nothing to repeat. You sell them, and the plan is over... it doesn't bootstrap anything.