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.
I think he has said that the funds are going to be used to pay back gox creditors. 
Topic: Karpeles Auctions off Bitcoins.com - page 3. (Read 3844 times)
Looks like the auction has been halted due to court actions. 750k reserve price is pretty lofty..
He'd probably make more money if he sealed himself in an airtight container and auctioned off his only oxygen supply. 
That's actually quite a relief, wouldn't want any more of them to mysteriously vanish on his watch.
Surely that's a bit backwards? Should make his creditors whole first before lining his own grubby pockets even further.
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Heritage Auctions and Karpeles are hoping it will go for at least $750,000. In other words, they think Bitcoins.com is worth 1,250 bitcoins. But you can’t pay for it in Bitcoin.
That's actually quite a relief, wouldn't want any more of them to mysteriously vanish on his watch.
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and any proceeds after Tibanne has been funded through the end of the year would go to Mt. Gox creditors.
Surely that's a bit backwards? Should make his creditors whole first before lining his own grubby pockets even further.
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.
Honestly if he does pay us back then I would be impressed and my perspective of him would change.
If he pays everyone back it will be because of legal pressure not because he freely chose to do so. So even if everyone does somehow get payed back he's still a fat fuck thieving scumbag.
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.
You forgot the third option: Nothing.
It technically should be fiat but will that really happen?
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.
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.
Honestly if he does pay us back then I would be impressed and my perspective of him would change.
Yeah, shoulda coulda woulda... Won't happen I guess. Do you expect TradeFortress to pay his debts back? Or Ukyo?
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
Honestly if he does pay us back then I would be impressed and my perspective of him would change.
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!
well I think all money from sale will not come anywhere near karpeles - administrators will process it. so many creditors to deal with, how to decide who gets a piece? somehow no point to divide 750k by total number creditors! but i know he also is trying to keep his other business running etc., i wonder where gets even money to do this! and whether he will auction more domains.....like mtgox.com? (or similar, do not remember url exactly)!
This would be true if the domain name was owned by MtGox or maybe Tibanne Ltd.
If it is Mark's property the proceeds will likely not be affected by MtGox's bankruptcy at all.
$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.
It's really disappointing to see about how greedy some people can really get. If he just stopped everything he could be making more money than he actually stole.
I hope we will be able to pay in hamburgers and pizza and perhaps chicken wings with a milkshake.
I really hope he use the money for compensating people, so many people lost so much money.
I really hope he use the money for compensating people, so many people lost so much money.
I can't really imagine the guy who actively stole BTC for 6+ months and could of told people not to deposit into Mtgox.. but didn't... would do anything for the community. He is one of the biggest scumbags.
Doubt people will pay that much.
Ugh, he shouldn't even auction this off. What if it falls into the hands of someone who will use it badly? He should just donate it to the community somehow. He's never going to earn enough money from this to pay everyone back anyway.
$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.
well I think all money from sale will not come anywhere near karpeles - administrators will process it. so many creditors to deal with, how to decide who gets a piece? somehow no point to divide 750k by total number creditors! but i know he also is trying to keep his other business running etc., i wonder where gets even money to do this! and whether he will auction more domains.....like mtgox.com? (or similar, do not remember url exactly)!
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