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Topic: Mark Karpeles Gox ICO to revive the exchange - page 2. (Read 441 times)

legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
November 19, 2017, 12:19:42 AM
#2
Something like this isn't going to happen, the trust in MT GOX is gone. There's possibly no way that something like this is going to work, the people's trust has been removed and if they know that Mark is around they're not going to trust the exchange/token sale in the least.

But I don't see a need for MT GOX being able to function, with the above news and with the fact that they want 245m to start this up - is Mark out of his mind?
full member
Activity: 490
Merit: 106
November 19, 2017, 12:14:56 AM
#1
In a blog post published by Mark Karpeles https://blog.magicaltux.net/article/MtGox-Bankruptcy detailed possible avenues for reviving Mt Gox, the once-dominant Japanese bitcoin exchange that collapsed amid allegations of fraud and mismanagement in early 2014. Hundreds of millions of dollars worth of bitcoin – at then-current prices – were feared lost, though ultimately 202,000 BTC were retained as assets, under the custody of a trustee.

Mark Karpeles:
"Launch an ICO to raise money to hypothetically revive MtGox. This sounds more challenging, both legally and because there is no guarantee of raising enough to revive MtGox. In case there is not enough raised it could still be locked to be distributed to creditors, which would be better than nothing."

"Should anyone have 245 million USD sitting around and want to purchase MtGox, just drop me an email," he wrote.

Source: https://www.coindesk.com/gox-ico-ceo-karpeles-floats-token-sale-revive-bitcoin-exchange/

The question is Do you think Mark Karpeles deserves to be trusted again? Would you invest? Thoughts?

This is a big joke. Why would I trust my money to a guy who stole million dollars worth of Bitcoin from MtGox investors. If he wants to revive the exchange why not use his own money. He does not deserve the trust of investors. lol
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