It's melodramatic because it sounds like it was authored by, not MtGox, but an in-the-know bitcoin stakeholder who needs to convince other probably reluctant big stakeholders to help bail out MtGox.
I'm reminded of the Federal Reserve calling in every major Wall Street bank CEO and demanding that they chip in to help rescue the imploding hedge fund Long Term Capital Management, lest it take down the entire market.
If I had any BTC, I'd be cashing out right the hell now. This doesn't bode well for the short term future of bitcoin. Long term, it might overcome it, but I wouldn't take that bet right now.
Check the plummeting price, down to $488 and sinking.
Long term it will of course overcome, MtGox was no longer the big market mover it used to be. Their constant incompetence no longer 'goxed' the price like it once did on a regular basis when they were the only major option if it did BTC would be worth pennies again like back in 2011.
Longterm things like colored coins are looking good for Bitcoin, plus exchanges not run by complete assclowns
I'm reminded of the Federal Reserve calling in every major Wall Street bank CEO and demanding that they chip in to help rescue the imploding hedge fund Long Term Capital Management, lest it take down the entire market.
http://en.wikipedia.org/wiki/Long-Term_Capital_Management
First time I'm ever seriously considering just cashing out all my coins...