Post
Topic
Board Bitcoin Discussion
Re: 3 interesting replies found at mtgox website about the rolling back
by
Bazil
on 19/06/2011, 21:16:28 UTC
Even if Mtgox lost a large number of bitcoins, they can temporarily work like a fractional reserve bank until they recoup all the accounts with the 0.65% fee.

Gosh, it's like a bitcoiners dream!

"Chargebacks"

Fractional Reserves

Everything we stand for as a community!

Yee Haw cowboys.

What would you rather?  Him to just take bitcoins away from everyone, possibly a large number.  Or just pretend he still has them until he has replenished all the bitcoins with the fee?  Just like a regular bank.