RTR said:There is a difference in solubility of the gases being discussed. Even undisturbed anoxic areas are relatively harmless while undisturbed, but there can be some diffusion of toxic materials into the water column, and greatest risk is to the substrate dwellers. Disturbing an axoxic and H2S-loaded area can wipe out much of a tank. Such does get reported here periodically. Consider it a time bomb, and as such not a good thing to have in your tank.
But I do agree that the bubbles seen in the original post are more likely O2.
hmm great ... more stuff to worry about