Topic: Poll: Who should acquire & bailout MtGox? - page 2. (Read 4491 times)
Max Keiser? You kidding?
I've lost 5000$ and as it seems the Cryptocommunity is just full of greedy selfish geeks(I'm probably one of them)..
Fuck cryptocurrencies, fuck "revolutions".. Actually fuck all kind of money! Viva El Che!
Some fuckers are Lucky others isn't.. And the one that are lucky often think that they're smarter or better in any way, that's what fucking disgusts me.
Fuck cryptocurrencies, fuck "revolutions".. Actually fuck all kind of money! Viva El Che!
Some fuckers are Lucky others isn't.. And the one that are lucky often think that they're smarter or better in any way, that's what fucking disgusts me.
Assume that all buyers would settle 100% of clients' funds and start MtGox again, who do you trust to run MtGox?
No one will bail them out!! No point
why would anyone pay $420mill (744k coin at ~ $570) for a website that has lost customer confidence, that does noy have banking licences in each country.
unless the person was japanese and dumb.. then and only then would they bailout mtgox.
its far easier and cheaper to just set up a new exchange and pay all the licences for the main countries of the world. to then be fully legit and more trusting to never freeze accounts due to the owners having bank account taken away. (and the other excuses gox used over the years).
and as for the previous poster saying soft assets are worth it alone..
mtgox has no soft assets. they lost peoples trust which has devalued the potential customer base a new investor would gain. and also the majority of customers are purely pseudonyms. without names and postal addresses to then sell onto spam/junkmail advertising services.
just looking at the trade volume, there is not 1mill active customers. so the soft assets are no where near the value you mention
unless the person was japanese and dumb.. then and only then would they bailout mtgox.
its far easier and cheaper to just set up a new exchange and pay all the licences for the main countries of the world. to then be fully legit and more trusting to never freeze accounts due to the owners having bank account taken away. (and the other excuses gox used over the years).
and as for the previous poster saying soft assets are worth it alone..
mtgox has no soft assets. they lost peoples trust which has devalued the potential customer base a new investor would gain. and also the majority of customers are purely pseudonyms. without names and postal addresses to then sell onto spam/junkmail advertising services.
just looking at the trade volume, there is not 1mill active customers. so the soft assets are no where near the value you mention
The soft assets alone (customer base of 1m+ verified customers) are easily worth 100's of millions. Someone will almost certainly buy the assets from the trustee. The only question is how much, if any, reimbursement of customer losses will be. Estimates seem to indicate cash/btc assets of about 18% of liabilities. That's not counting any lawyer fees, and they're already lining up over this one.
Don't underestimate how tough it is to destroy a brand. We're still buying gas at Exxon and BP...
Don't underestimate how tough it is to destroy a brand. We're still buying gas at Exxon and BP...
i think everyone is just dreaming here
if any of the aforementioned parties were going to open an exchange ,theyde just open one and start at 0.00
taking on a few hundred millions of debt wouldnt be a feasible plan for anyone
loooks like lost is lost for whatever money people left at gox
if any of the aforementioned parties were going to open an exchange ,theyde just open one and start at 0.00
taking on a few hundred millions of debt wouldnt be a feasible plan for anyone
loooks like lost is lost for whatever money people left at gox
Other big Bitcoin companies/investment funds may actually also interested in the pie, like Lightspeed Ventures, Bitpay or BIPS, Blockchain.info, etc..
And hey! What about Mt.Gox- and Ripple founder Jed McCaleb and his www.secretbitcoinproject.com
And hey! What about Mt.Gox- and Ripple founder Jed McCaleb and his www.secretbitcoinproject.com
@ OP: You should have let the vote run for longer! I would suggest one or a group of competitors like Bitstamp, Bitcoin.de, Kraken etc. bail the customers out and either share the assets and dissolve Gox or restart the company as a mutually run venture, sharing profits.
Why would anyone buy MtGox?
This would be a mistake for the buyer.
The buyer would probably pay a symbolic price of 1 dollar to Mark Karpeles, and promises to settle all client funds with cash. This would be a mistake for the buyer.
The true cost for the buyer would land on 100-500 million dollars as we don't know exactly how much money and bitcoin they miss.
What do the buyer gain when buying MtGox? They get 1 million clients, most of them are verified.
As I mentioned Facebook paid 19 billion dollars for WhatsApp, so 500 millions for the no.1 bitcoin exchange is peanuts.
Approximately half of the people on MtGox database are verified. Just paying out customer balances would work out to a ridiculous amount per customer for simply acquiring the database. Buying the database wouldn't solve any of the other issues which limit the potential for operating tGox as a viable business, such as the regulatory issues or creating new infrastructure - you'd be looking at significant additional costs for addressing those issues.
Realistically, you could likely start a new exchange from scratch for what it would cost to acquire the MtGox customer database.
How about Ripple (and Mt.Gox) founder Jed McCaleb?
He still apparently owns 12% of Mt.Gox - it should be interesting to see how he becomes involved in this.
He seems to have had zero oversight over their operations after he sold (most of) it ...
He still apparently owns 12% of Mt.Gox - it should be interesting to see how he becomes involved in this.
He seems to have had zero oversight over their operations after he sold (most of) it ...
Why would anyone buy MtGox?
This would be a mistake for the buyer.
The buyer would probably pay a symbolic price of 1 dollar to Mark Karpeles, and promises to settle all client funds with cash. This would be a mistake for the buyer.
The true cost for the buyer would land on 100-500 million dollars as we don't know exactly how much money and bitcoin they miss.
What do the buyer gain when buying MtGox? They get 1 million clients, most of them are verified.
As I mentioned Facebook paid 19 billion dollars for WhatsApp, so 500 millions for the no.1 bitcoin exchange is peanuts.
In the case of Mt Gox, much more customers will leave, you wouldn't end up with 1 million active clients.
Pokerstars...if they can hire the right people to actually manage and run the operations. They definitely have enough money to pay back what users have lost, and have a great reputation around the internet involving millions of dollars.
You forgot to mention the FBI - they already have 1/5 of the BTC liability covered 
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Why would anyone buy MtGox?
This would be a mistake for the buyer.
The buyer would probably pay a symbolic price of 1 dollar to Mark Karpeles, and promises to settle all client funds with cash. This would be a mistake for the buyer.
The true cost for the buyer would land on 100-500 million dollars as we don't know exactly how much money and bitcoin they miss.
What do the buyer gain when buying MtGox? They get 1 million clients, most of them are verified.
As I mentioned Facebook paid 19 billion dollars for WhatsApp, so 500 millions for the no.1 bitcoin exchange is peanuts.
they were once #1, but were #3 when they dropped out of the race, don't forget most of the numbers were fudged anyway so they were probably not #3 either.
as for what Facebook they have lots of cash but not so much income, they have to spend the cash to generate income, preferable on things that fit with their business model. I can't see an exchange fitting in, although I can see they using btc. nevertheless, how they choose to value something should not be how you choose to value it.
Why would anyone buy MtGox?
This would be a mistake for the buyer.
The buyer would probably pay a symbolic price of 1 dollar to Mark Karpeles, and promises to settle all client funds with cash. This would be a mistake for the buyer.
The true cost for the buyer would land on 100-500 million dollars as we don't know exactly how much money and bitcoin they miss.
What do the buyer gain when buying MtGox? They get 1 million clients, most of them are verified.
As I mentioned Facebook paid 19 billion dollars for WhatsApp, so 500 millions for the no.1 bitcoin exchange is peanuts.
they were once #1, but were #3 when they dropped out of the race, don't forget most of the numbers were fudged anyway so they were probably not #3 either.
as for what Facebook they have lots of cash but not so much income, they have to spend the cash to generate income, preferable on things that fit with their business model. I can't see an exchange fitting in, although I can see they using btc. nevertheless, how they choose to value something should not be how you choose to value it.
I had a hard time deciding on none or who I felt would be a good target to stick with the burned brand next.
the best thing is for it to be a community owned endeavor with 100% transparency, and block chain accountability and secuirty, meaning that every satoshi is accounted for every second of the way. the name would have to be changed, to protect the innocent, of course
the best thing is for it to be a community owned endeavor with 100% transparency, and block chain accountability and secuirty, meaning that every satoshi is accounted for every second of the way. the name would have to be changed, to protect the innocent, of course
Free the bitcoin !! Fiat!!
Why would anyone buy MtGox?
This would be a mistake for the buyer.
The buyer would probably pay a symbolic price of 1 dollar to Mark Karpeles, and promises to settle all client funds with cash. This would be a mistake for the buyer.
The true cost for the buyer would land on 100-500 million dollars as we don't know exactly how much money and bitcoin they miss.
What do the buyer gain when buying MtGox? They get 1 million clients, most of them are verified.
As I mentioned Facebook paid 19 billion dollars for WhatsApp, so 500 millions for the no.1 bitcoin exchange is peanuts.
Why would anyone buy MtGox?
This would be a mistake for the buyer.
This would be a mistake for the buyer.
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