Author

Topic: Lost your money with MTGox? I have an idea to turn their failure in our success! (Read 3096 times)

legendary
Activity: 1792
Merit: 1059
As I stated here https://bitcointalksearch.org/topic/why-am-i-not-able-to-reach-the-mtgox-call-center-number-510623, I'm not able to contact MTGox call centre, but I have an idea that I'd like to discuss with those who has the same problem as me with MTGox.
The idea is the following:
MTgox doesn't have money to pay us back, but they have a brand,  know-how and the trained staff.
And as it's not Mark Karpless who owns the company right now and because they are searching the solution to make MTGox work again, I think we can ask them the shares in the new MTGox for the difference they are not able to pay us back.
Does it make sense?
If so, how can we communicate this idea to the people who are working on procedure of civil rehabilitation, right now?

Hello johnwhitestar,

please check:

http://de.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

The biggest problem are the lawsuits against Gox. This is a risky burden on the company. Concerned people would have to solve this somehow. Subscribe to https://www.olivere.de/mailman/listinfo/gox-self-help to get in contact.

I lost a lot on Gox. But no money that I desperately need. I hope that the company somehow comes back on its feet.
sr. member
Activity: 274
Merit: 250
I share your dream...

https://bitcointalksearch.org/topic/i-have-a-dream-553664

I also accept the fact that I could have spent more time preventing this loss from happening to me. I also feel that just like FIAT, if that much value can be manipulated without a trace, the whole thing kind of stinks. Bitcoin won't go away, but it can do much better by showing the world how it can be safe from thieves.

full member
Activity: 149
Merit: 100
Who are you
Who am I? Someone with more than 1 working braincell who knows better than to invest money in a business who has years of documented legal/money/government problems.

Your BS about aliens is cute, but please tell me what legitimate documented research you did to come to that conclusion. You, like so many others, are pushing really hard the idea that no one could have seen this coming, and THAT, good sir, is what is BS. They have been nothing but problem after problem after problem, all of which have been documented. If that's not good enough for you, that's your problem.

The simple FACT of the matter is greedy people who chose to turn a blind eye to the problems because they simply didn't want to hear/believe it.

And as I said before, Mark and his team of incompetents people could be removed. A new team could be hired. Even better, this is an opportunity for the creditors to build a new kind of exchange. A transparent one so everyone could trust in.
And I said before, changing the people and changing the name will NOT make people forget who they were and what they did. That legacy WILL hurt them and WILL continue to hurt crypto. Both Mark and MtGox are a stain on crypto and have been for a long time and that can not be cleaned off. So long as MtGox exists in ANY form, regardless if it's under a new name and new management, the stigma will continue to destroy faith and trust.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
Thank you for support.
I consider that the trolls that speak things that are not consistent with the subject here may be interested directly to see one of the major exchangers go bankrupt.
 
There's no hope. Accept your losses and move on with life.

What's it to you if my idea of fun and entertainment is to talk about recovering mt gox ? If you wanna move on then move on. Don't preach. I for one will "move on" after 20 years if I want.

They didn't want to listen to us before when we tried to warn them; so we don't want to listen to them cry about loosing everything now.

Who are you and why should I listen to you ? I did my research and I say in 5 days aliens will come and bomb the area you live in. So you should pack and move now, I warned you. Wouldn't you listen to me ?
Why not ? I did my research, and I have 20 (crazy) people in my club, they did the research too.

And as I said before, Mark and his team of incompetents people could be removed. A new team could be hired. Even better, this is an opportunity for the creditors to build a new kind of exchange. A transparent one so everyone could trust in.
member
Activity: 93
Merit: 10
There's no hope. Accept your losses and move on with life.

What's it to you if my idea of fun and entertainment is to talk about recovering mt gox ? If you wanna move on then move on. Don't preach. I for one will "move on" after 20 years if I want.

They didn't want to listen to us before when we tried to warn them; so we don't want to listen to them cry about loosing everything now.

Who are you and why should I listen to you ? I did my research and I say in 5 days aliens will come and bomb the area you live in. So you should pack and move now, I warned you. Wouldn't you listen to me ?
Why not ? I did my research, and I have 20 (crazy) people in my club, they did the research too.

And as I said before, Mark and his team of incompetents people could be removed. A new team could be hired. Even better, this is an opportunity for the creditors to build a new kind of exchange. A transparent one so everyone could trust in.
hero member
Activity: 490
Merit: 500
But here I'd like to discuss whether my idea is possible to make true or not, and if so, how to act.
Thank you for comprehension :-)

There's no hope. Accept your losses and move on with life.
hero member
Activity: 490
Merit: 500
MTgox ... have a brand,  know-how and the trained staff.

 Cheesy Any more funny jokes?

The only one incompetent was Mark. If Mark would go away there is reasonable expectation a new team of experts elected by all the people owning shares, would be probably better than the ones from other exchanges like campbx and others.

I beg to differ.

The support team appeared to consist of brainless zoombies serving lie after lie and handling customer requests worse than a trained monkey pushing random buttons.

Their socalled head of PR, Gonzague Gay-Bouchery, said to the media in February this year that MtGox was completely solvent.

The whole company does not have a spine, and is a bunch of incompetent clowns. Nothing can change that. Reports of security errors were ignored, and everything was rotten to the core basically.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
Thank you very much! Very useful.
I'll contact them :-)
But here I'd like to discuss whether my idea is possible to make true or not, and if so, how to act.

Here is something that may be worth doing:
http://www.mtgoxrecovery.com/
http://blog.mtgoxrecovery.com/
According to the above, Olivier Janssens has retained a japanese lawyer to represent interests of people with funds that were stolen by gox.
So far 2663 people representing 214676.49 bitcoins have signed on for email updates.

hero member
Activity: 784
Merit: 1001
But here I'd like to discuss whether my idea is possible to make true or not, and if so, how to act.

Here is something that may be worth doing:
http://www.mtgoxrecovery.com/
http://blog.mtgoxrecovery.com/
According to the above, Olivier Janssens has retained a japanese lawyer to represent interests of people with funds that were stolen by gox.
So far 2663 people representing 214676.49 bitcoins have signed on for email updates.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
I'm not here to discussing what the Bitcoin community would benefit or not (sorry if I'm too much direct).
I care about my money (I'm not desperate of it, but I'd like to recover some of them). The MTgox case is different to Pirate40, so probably there is the possibility to solve it positively, at least in part.
I'm here to discuss it, if you don't like the idea or not directly involved in the question, why are you bothering yourself to comment?
There is a plenty of topics where you can explain how great you were to withdraw your money from MTgox a lot of time ago, or where you can criticize Mark Karpless, the brand, the staff and whatever.
But here I'd like to discuss whether my idea is possible to make true or not, and if so, how to act.
Thank you for comprehension :-)
 
full member
Activity: 149
Merit: 100
The only one incompetent was Mark. If Mark would go away there is reasonable expectation a new team of experts elected by all the people owning shares, would be probably better than the ones from other exchanges like campbx and others.
I think you meant to post this in the "most stupid comment about bitcoin" thread.


As the people like me who lost money with MTGox
And we've reached the center of the shrubbery maze as to why you are desperately clinging to the idea that this is possible, much less if it is what is best for the bitcoin community on a whole.

Listen. Sorry you lost money there. But here is the thing, they have had a very long string of very serious problems mounting for nearly a year now (actually, longer). If everyone would have just took off their blinders of "artificially high exchange rate" and bothered to look at the public information, everyone would have known to run away long before this happened. Just the fact that USD withdrawals haven't worked since June of last year should have been a good tip off.

People have been speaking poorly of MtGox for a long time. People have been giving warnings about MtGox for a long time. No one cared and no one wanted to listen. Just because some look at this as magical internet money doesn't absolve anyone of taking it seriously. Research is the reason I stopped using MtGox long ago. Research is the reason I never used CampBX ever. Research is why I haven't lost diddly squat to shady exchanges. I'm not smarter than everyone else. I don't have access to special information no one else did. I just followed the old adage "if it looks to good to be true" and took the time to do what everyone else should have done. If people can't be bothered to research where they are investing their btc and fiat, or choose to turn a blind eye to all the warning signs, then they have chosen to assume the risk involved and aren't so much in a position to complain when the bottom falls out on them.

MtGox is a stain on Bitcoin. Has been for years. Between manipulating the market, artificial exchange rates skewing the true value, thefts in the past, laundering drug money, in trouble with the US government, sued by other bitcoin companies for breach of contract, fiat withdrawals not working, lying to everyone about everything for years..... The Bitcoin community will NOT benefit from a new MtGox rising from the ashes.

you and anyone else is a fool think that a new Gox is going toh ave any credibility.
It's called denial. Everyone who had anything there is in it. It's just like Pirate 40. Even as he was long gone with everyone's BTC, people still refused to accept it for a while. These people are going to annoyingly grasp at every straw they can. All the more reason Japan needs to liquidate them and throw Mark's ass in jail sooner than later. Last thing I want is to spend the next 6-12 months reading BS from everyone who ignored the warnings and lost their money. They didn't want to listen to us before when we tried to warn them; so we don't want to listen to them cry about loosing everything now.
legendary
Activity: 1218
Merit: 1003
Yeah I don't know if the brand has enough psoutive reputation left to be worth saving. 
Would I trust a new BTC exchange more or less than a relaunched Mt.Gox? I don't know, but I wouldn't spend hundreds of millions of finding out either!
legendary
Activity: 1022
Merit: 1001


MtGox has a know-how and trained staff?


Yea, trained to lie to protect Mark's fat ass, thats about it,
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
My idea is not to ask anything to Karpless, which is out of the game right know. Who is deciding for MTGox in this moment is a commission of experts, that have to decide whether they can save MTgox.
As the people like me who lost money with MTGox, would be interested to have shares on the new MTGox instead of loosing everything, I'm trying to get in touch with the people who might be interested in this idea.
If there is no way to get in touch through the call centre, we can hire a lawyer in Japan in order to make the rehabilitating commission to have the possibility to understand this idea.

sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
+1
Infact the shareholders could vote in a new administrator they trust and would have a complete control of how he operates.

MTgox ... have a brand,  know-how and the trained staff.

 Cheesy Any more funny jokes?

The only one incompetent was Mark. If Mark would go away there is reasonable expectation a new team of experts elected by all the people owning shares, would be probably better than the ones from other exchanges like campbx and others.
member
Activity: 93
Merit: 10
MTgox ... have a brand,  know-how and the trained staff.

 Cheesy Any more funny jokes?

The only one incompetent was Mark. If Mark would go away there is reasonable expectation a new team of experts elected by all the people owning shares, would be probably better than the ones from other exchanges like campbx and others.
legendary
Activity: 812
Merit: 1002
MTgox ... have a brand,  know-how and the trained staff.

 Cheesy Any more funny jokes?
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
Troll?
lol... such a noob....

MtGox has a know-how and trained staff? OP please become a comedian...

hero member
Activity: 658
Merit: 500
lol... such a noob....

MtGox has a know-how and trained staff? OP please become a comedian...
full member
Activity: 159
Merit: 100
MTgox doesn't have money to pay us back, but they have a brand,  know-how and the trained staff.

The brand is associated with the worst performance in bitcoin history. It is tainted.
The lack of know-how and properly trained staff is exactly what got us into this mess.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
I'm sorry but I can find no similar discussion if I do the research you are suggesting.

This has already been proposed numerous times; type in the search box above: "mtgox shares".
sr. member
Activity: 433
Merit: 260
This has already been proposed numerous times; type in the search box above: "mtgox shares".
newbie
Activity: 9
Merit: 0
Karples the bastard was ranting bout how he had buyers lined up for the co. Any sale will happen as a whole btu if Karples don't know how much money / coin is missing, no one will buy.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
As I stated here https://bitcointalksearch.org/topic/why-am-i-not-able-to-reach-the-mtgox-call-center-number-510623, I'm not able to contact MTGox call centre, but I have an idea that I'd like to discuss with those who has the same problem as me with MTGox.
The idea is the following:
MTgox doesn't have money to pay us back, but they have a brand,  know-how and the trained staff.
And as it's not Mark Karpless who owns the company right now and because they are searching the solution to make MTGox work again, I think we can ask them the shares in the new MTGox for the difference they are not able to pay us back.
Does it make sense?
If so, how can we communicate this idea to the people who are working on procedure of civil rehabilitation, right now?
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