Topic: Karpeles Auctions off Bitcoins.com - page 2. (Read 3844 times)
He does deserve a kick in the balls, but if this domain does sell I can guarantee you that you still wont even see 0.00001 BTC in your account, the money has gone and you will never get it back, if anyone is holding hope just drop it Mtgox are only dragging it out saying they are trying to recover funds etc but we all know that its gone.
Mark Karpeles deserves a swift kick in the balls.
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How could he think this would be allowed by the creditors?
Karpeles probably doesn't have much of an attachment to the users of his exchange
One of those people who are like oh people have a lawsuit that's fine I'll just carry on with business as usual.
How could he think this would be allowed by the creditors?
The US Court Halted that. http://www.coindesk.com/auction-bitcoins-com-domain-halted-us-court/
Good. I'd say that's the best course of action right now. I'd place more faith in the court's ability to arrive at a sensible decision than Karpeles. He wanted the chapter 15 bankruptcy protection and he can suffer the consequences of that choice, especially if that means not trying to sell bits off on the side to make a quick buck.
The US Court Halted that. http://www.coindesk.com/auction-bitcoins-com-domain-halted-us-court/
$750,000 is worth slightly over 1,000 BTC. Or about 0.15% of the total amount of BTC that Mt. Gox owes. There are individual people who lost more than this.
Hmm... the top five users of Mt Gox (> BTC10,000) had a total of BTC130,809 deposited between them at the time of robbery. The average holding was more than BTC26,000.
That said, 0.15% of that figure (BTC26,000) is still a very significant amount of money (BTC39).
His reserve is $750,000.
If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right?
)
http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/
An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/
"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."
We'll see^
If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right?
)http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/
An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/
"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."
We'll see^
Let's do a quick calculation how many Frappucinos you can buy with that kind of money... He could have 3 Frappucinos per day and that for a whole 91 years!
That was a pretty random calculation.
I ran the calculation and those numbers are actually wrong. For purpose of this calculation let's say Mark is getting the biggest size Venti and the most expensive Frap is about $5 for a venti so let's use that price. 3x5=15x365=$5475 in one year.
Now your calculation that $750k could only buy 91 years of frappucinos at 3 a day so lets run that number. $5475x91= $498225
You still have roughly $250k left over even if you buy the most expensive frappucino for 91 years.
$750,000/$5475= 136.986 years of frappucinos
Assuming prices stay the same in dollar terms. lol likely will not be the case as the fed prints to infinity.
His reserve is $750,000.
If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right? )
http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/
An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/
"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."
We'll see^
If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right?
)http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/
An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/
"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."
We'll see^
Let's do a quick calculation how many Frappucinos you can buy with that kind of money... He could have 3 Frappucinos per day and that for a whole 91 years!
That was a pretty random calculation.
I ran the calculation and those numbers are actually wrong. For purpose of this calculation let's say Mark is getting the biggest size Venti and the most expensive Frap is about $5 for a venti so let's use that price. 3x5=15x365=$5475 in one year.
Now your calculation that $750k could only buy 91 years of frappucinos at 3 a day so lets run that number. $5475x91= $498225
You still have roughly $250k left over even if you buy the most expensive frappucino for 91 years.
$750,000/$5475= 136.986 years of frappucinos
Pay back his creditors? Filing bankruptcy? Isn't that the point of filing, so you don't have to pay them back 
If he took the proceeds from the auction, put it in bitcoin and hodl'd for a year, then he could pay everyone back maybe
He would hodl, he just wouldn't settle his debt.
His reserve is $750,000.
If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right? )
http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/
An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/
"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."
We'll see^
If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right?
)http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/
An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/
"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."
We'll see^
Let's do a quick calculation how many Frappucinos you can buy with that kind of money... He could have 3 Frappucinos per day and that for a whole 91 years!
That was a pretty random calculation.
Although it would be strictly a business decision if you were to be considering purchasing this domain, I think people should not support him and refuse to pay for something that would be profitable for him.
Umm... I thought the proceeds of the auction would be going to the victims of Mt. Gox. It would be awesome if someone like Bill Gates bought the domain for $500 million. Then everyone who lost money in Mt. Gox would have all their BTC back.
If he took the proceeds from the auction, put it in bitcoin and hodl'd for a year, then he could pay everyone back maybe
Bitcoin's price would need to grow 1,000 times in a year. And even if it were possible, it would only be in fiat terms. Someone who lost 1 BTC would only be awarded $600, not the $600,000 that they actually deserve.
I'm sure a lot of people wouldn't be happy with %10, seeing as how it's almost certain that Mark fat fuck is sitting on %100 of the bitcoins.
If he took the proceeds from the auction, put it in bitcoin and hodl'd for a year, then he could pay everyone back maybe
Bitcoin's price would need to grow 1,000 times in a year. And even if it were possible, it would only be in fiat terms. Someone who lost 1 BTC would only be awarded $600, not the $600,000 that they actually deserve.
Looks like the auction has been halted due to court actions. 750k reserve price is pretty lofty..
That sucks. The creditors would've probably gotten much more money from this auction than whatever will happen now. (Maybe it'll be given to CoinLab for next to nothing? CoinLab seems worse than even MtGox...)
Mark should think about selling it on an auction site outside of the US. (Maybe this isn't legally possible, though.)
If the creditors were to be given the money from this it would almost be an insult. 750k of about 600m is what like a 0.15%? so if you lost 100btc you would get 0.15 btc back..... It's something yes but I feel in some ways this is Mark just trolling people.
Yup. It really puts into perspective how much the Bitcoin community lost due to the Mt. Gox disaster. $750,000 seems like a large amount of money, until you realize that it's only about 0.15% of the total BTC value that Mt. Gox owes to its customers.
just got an email from Heritage Auctions stating that the domain name Bitcoins.com has been withdrawn from auction.
Looks like the auction has been halted due to court actions. 750k reserve price is pretty lofty..
That sucks. The creditors would've probably gotten much more money from this auction than whatever will happen now. (Maybe it'll be given to CoinLab for next to nothing? CoinLab seems worse than even MtGox...)
Mark should think about selling it on an auction site outside of the US. (Maybe this isn't legally possible, though.)
If the creditors were to be given the money from this it would almost be an insult. 750k of about 600m is what like a 0.15%? so if you lost 100btc you would get 0.15 btc back..... It's something yes but I feel in some ways this is Mark just trolling people.
Yup. It really puts into perspective how much the Bitcoin community lost due to the Mt. Gox disaster. $750,000 seems like a large amount of money, until you realize that it's only about 0.15% of the total BTC value that Mt. Gox owes to its customers.
Looks like the auction has been halted due to court actions. 750k reserve price is pretty lofty..
That sucks. The creditors would've probably gotten much more money from this auction than whatever will happen now. (Maybe it'll be given to CoinLab for next to nothing? CoinLab seems worse than even MtGox...)
Mark should think about selling it on an auction site outside of the US. (Maybe this isn't legally possible, though.)
If the creditors were to be given the money from this it would almost be an insult. 750k of about 600m is what like a 0.15%? so if you lost 100btc you would get 0.15 btc back..... It's something yes but I feel in some ways this is Mark just trolling people.
He'd probably make more money if he sealed himself in an airtight container and auctioned off his only oxygen supply. 
That is the funniest thing I've heard all day!
That is the funniest thing I've heard all day!
Looks like the auction has been halted due to court actions. 750k reserve price is pretty lofty..
That sucks. The creditors would've probably gotten much more money from this auction than whatever will happen now. (Maybe it'll be given to CoinLab for next to nothing? CoinLab seems worse than even MtGox...)
Mark should think about selling it on an auction site outside of the US. (Maybe this isn't legally possible, though.)
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