Topic: A former MtGox account holder based community exchange: Project Gox (Read 652 times)

The MtGox tragedy affected many people.  We do believe however, that the Bitcoin community is immensely strong and resilient, and that a true free market will help each other at all times.  Therefore we hereby launch Project Gox.  The goal is to make this a community owned exchange, where all MtGox debt holders become shareholders.  If we can reach similar volumes to MtGox, we estimate that people can have their money returned to them within 1 to 2 years time, and hopefully sooner.  We commit to keeping all software open source.  We will also remain completely transparant in regards to our operations, which includes bitcoin and fiat balance verifications.  Additionally we want to keep the bitcoins which were deposited to trade, always in the hands of the persons who sent or acquired them.  The Fiat bank accounts will be under strict company foundation guidelines and financial compliance and regulations.  This might as well be the first attempt at a fully autonomous company.  We are open to discuss the best ways to do this.  If you want to join this initiative, please go to #projectgox on freenode IRC.

Project Gox

http://www.projectgox.com

http://www.reddit.com/r/Bitcoin/comments/1z6qws/open_letter_to_mark_karpeles_and_the_bitcoin/

[email protected]

Note: People will remain shareholder forever and take part in profits from the beginning. We do intend to make the shares tradable. That means people could get their balance back even quicker if the company gets valued highly enough.