Resurrection of Mt.Gox - page 2. | Bitcointalksearch.org

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: Hannan on February 28, 2014, 06:59:38 PM

I actually loved the plan, if they really innocent they should do something like that
However I don't get the BTC in cold storage are 'actually stolen' by 'hackers'

Quote from: V4Vendettas on February 28, 2014, 06:59:27 PM

I think what makes it really hard when trying to work out what is possible and what is not is 1 particular variable above all others.

Marks competence.

Its throwing a lot of logical debate all over the place and giving otherwise crazy conspiracy theory's time in the sun.

Sorry for cross post but yes bro I think we are all either thinking its bullshit or are gobsmacked by mark.

Hannan

full member

Activity: 166

Merit: 100

I actually loved the plan, if they really innocent they should do something like that
However I don't get the BTC in cold storage are 'actually stolen' by 'hackers'

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: thelema93 on February 28, 2014, 06:38:52 PM

Quote from: V4Vendettas on February 28, 2014, 05:55:23 PM

Quote from: ilpirata79 on February 28, 2014, 05:52:16 PM

I think they already are considering a plan like this. It is mtgox however that should take the initiative and, in doing that, it should ask for the creditors approval (all of us).

Best regards,
ilpirata79

It simply takes Gox to mail its customers the proposition and ask for a vote.

Thing is what happens to those not wanting to play along and how is this fair on them. Granted nothing is fair in this whole mess but still. What kind of % would they need to pass this and are there any laws on it?

I'll be asking my Japanese Lawyer exactly that today... i will post back here

and your a hero for it bro again thank you for sharing information (that cost you) with the community.

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: ilpirata79 on February 28, 2014, 05:49:15 PM

In this way is as tough as we bought Mtgox for about 450 million dollars...
Is that a fair price? To be the case it should generate at least 4-5% of that amount in profit every year, which is 22,5 million dollars. Is that the case?

Best regards,
ilpirata79

The answer is (I think anyway) yes /no/maybe.

10k BTC per month in trading fee's and I dug this up from other threads so don't shoot me for it.

Due to the Damage to the brand we can assume its not going to have anythign like the trade it used to have lolz?

If it did and that's a massive IF 120k btc a year. So yes no maybe. but better than a kick in the nuts.

thelema93

sr. member

Activity: 339

Merit: 250

Quote from: V4Vendettas on February 28, 2014, 05:55:23 PM

Quote from: ilpirata79 on February 28, 2014, 05:52:16 PM

I think they already are considering a plan like this. It is mtgox however that should take the initiative and, in doing that, it should ask for the creditors approval (all of us).

Best regards,
ilpirata79

It simply takes Gox to mail its customers the proposition and ask for a vote.

Thing is what happens to those not wanting to play along and how is this fair on them. Granted nothing is fair in this whole mess but still. What kind of % would they need to pass this and are there any laws on it?

I'll be asking my Japanese Lawyer exactly that today... i will post back here

conbos

member

Activity: 94

Merit: 10

I honestly don't known how anybody can manage to move this plan forward. There are folks that loose everything in MTGox. Now, they are organizing, some of them want to initiate legal actions in Japan and nobody of the visible faces of BTC ecosystem has made any statement that could help to organize it in this direction.
Being said that, I really hope to be wrong and that your plan can help people to recover (part of) their funds

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: shadyz on February 28, 2014, 06:25:23 PM

Quote from: V4Vendettas on February 28, 2014, 06:22:18 PM

Quote from: shadyz on February 28, 2014, 06:18:43 PM

Quote from: V4Vendettas on February 28, 2014, 05:20:24 PM

If 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars you can count me in.

I would rather have a shares in a crappy company than have nothing.

I disagree. Dollars are dollars ,goxbtc is traded at the price which the buyers are willing to pay for it.

Is an imaginary lost dollar worth more than an imaginary lost Btc considering they are both lost and Imaginary ?

That is your subjective opinion.

Dollars are not imaginary, the only thing that is imaginary and non-fungible is bitcoin ,especially when left on an exchange, so yes, you are 100% wrong when implying that suddenly we should fix the market price of goxbtc to be 5x the price of the lost usd. Very very very wrong. And very greedy.

You sold at $100 right ?

I still don't see how a dollar that does not exist is not imaginary. You do understand that from my perspective you are the greedy one attempting to devalue the worth of my something that does not exist over you non-existent. Anyway a pointless exercise in debate no doubt as we don't have a clue if its is really on the cards yet. Feel free to continue your debate with others who have the time for it.

ilpirata79

sr. member

Activity: 353

Merit: 253

Quote from: shadyz on February 28, 2014, 06:25:23 PM

That is your subjective opinion.

Dollars are not imaginary, the only thing that is imaginary and non-fungible is bitcoin ,especially when left on an exchange, so yes, you are 100% wrong when implying that suddenly we should fix the market price of goxbtc to be 5x the price of the lost usd. Very very very wrong. And very greedy.

Once you have sent a dollar to Mtgox is not a dollar anymore: it is a gox dollar.
In the same way, when you send a bitcoin to mtgox, it is not a bitcoin anymore: it is a gox bitcoin.

You can off course discuss about the value: 1 gox dollar is 1 dollar? I don't think so.
1 gox btc is 1 btc. I don't think so as well. How many gox dollars is 1 gox btc worth? I don't know.

Even if mtgox has more dollar assets than bitcoin assets, that does not mean it has to pay only customers with a usd balance. It has to pay its creditors, following what the law says...

Best regards,
ilpirata79

shadyz

member

Activity: 66

Merit: 10

Quote from: V4Vendettas on February 28, 2014, 06:22:18 PM

Quote from: shadyz on February 28, 2014, 06:18:43 PM

Quote from: V4Vendettas on February 28, 2014, 05:20:24 PM

If 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars you can count me in.

I would rather have a shares in a crappy company than have nothing.

I disagree. Dollars are dollars ,goxbtc is traded at the price which the buyers are willing to pay for it.

Is an imaginary lost dollar worth more than an imaginary lost Btc considering they are both lost and Imaginary ?

That is your subjective opinion.

Dollars are not imaginary, the only thing that is imaginary and non-fungible is bitcoin ,especially when left on an exchange, so yes, you are 100% wrong when implying that suddenly we should fix the market price of goxbtc to be 5x the price of the lost usd. Very very very wrong. And very greedy.

rikkejohn

hero member

Activity: 644

Merit: 500

Quote from: overc on February 28, 2014, 06:20:46 PM

Quote from: V4Vendettas on February 28, 2014, 06:08:02 PM

Quote from: rikkejohn on February 28, 2014, 06:05:10 PM

Nice idea, but given the state of play, and the time Karpeles has had since shutting down, I would be surprised if there is a real database of customers.

Assume Karpeles has deleted records, then surely it would take experts to recover them. Which authority would arrange the recovery?

Karpeles has shown that he is a liar, fraudster with a sociopathic personality disorder. Given that, and assuming it is technically possible, I see no reason why he would not have spent a few days getting rid of people. The unconfirmed accounts would be the easiest.

I don't mind being wrong, and would be interested if someone could explain why it would be impossible for him to have done that.

I don't think anything can stop him doing that if he decides to.

According what I have heard about Mark he is trusted and genuine person.
As fact he is not hiding now and still open to public.
The only way for him to save the face and not go to jail is: to save user database and to help the community to create a new gox.com by create the list of shareholders
and provide access for the new CEO to domains mtgox.com, gox.com and to the funds which are left on MtGox accounts.

"Mark" is not trustworthy, he is a liar, thief and fraud. Why you would think differently is frankly staggering.

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: shadyz on February 28, 2014, 06:18:43 PM

Quote from: V4Vendettas on February 28, 2014, 05:20:24 PM

If 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars you can count me in.

I would rather have a shares in a crappy company than have nothing.

I disagree. Dollars are dollars ,goxbtc is traded at the price which the buyers are willing to pay for it.

Is an imaginary lost dollar worth more than an imaginary lost Btc considering they are both lost and Imaginary ?

overc

sr. member

Activity: 263

Merit: 250

Quote from: V4Vendettas on February 28, 2014, 06:08:02 PM

Quote from: rikkejohn on February 28, 2014, 06:05:10 PM

Nice idea, but given the state of play, and the time Karpeles has had since shutting down, I would be surprised if there is a real database of customers.

Assume Karpeles has deleted records, then surely it would take experts to recover them. Which authority would arrange the recovery?

Karpeles has shown that he is a liar, fraudster with a sociopathic personality disorder. Given that, and assuming it is technically possible, I see no reason why he would not have spent a few days getting rid of people. The unconfirmed accounts would be the easiest.

I don't mind being wrong, and would be interested if someone could explain why it would be impossible for him to have done that.

I don't think anything can stop him doing that if he decides to.

According what I have heard about Mark he is trusted and genuine person.
As fact he is not hiding now and still open to public.
The only way for him to save the face and not go to jail is: to save user database and to help the community to create a new gox.com by create the list of shareholders
and provide access for the new CEO to domains mtgox.com, gox.com and to the funds which are left on MtGox accounts.

shadyz

member

Activity: 66

Merit: 10

Quote from: V4Vendettas on February 28, 2014, 05:20:24 PM

If 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars you can count me in.

I would rather have a shares in a crappy company than have nothing.

I disagree. Dollars are dollars ,goxbtc is traded at the price which the buyers are willing to pay for it.

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: rikkejohn on February 28, 2014, 06:05:10 PM

Nice idea, but given the state of play, and the time Karpeles has had since shutting down, I would be surprised if there is a real database of customers.

Assume Karpeles has deleted records, then surely it would take experts to recover them. Which authority would arrange the recovery?

Karpeles has shown that he is a liar, fraudster with a sociopathic personality disorder. Given that, and assuming it is technically possible, I see no reason why he would not have spent a few days getting rid of people. The unconfirmed accounts would be the easiest.

I don't mind being wrong, and would be interested if someone could explain why it would be impossible for him to have done that.

I don't think anything can stop him doing that if he decides to.

rikkejohn

hero member

Activity: 644

Merit: 500

Nice idea, but given the state of play, and the time Karpeles has had since shutting down, I would be surprised if there is a real database of customers.

Assume Karpeles has deleted records, then surely it would take experts to recover them. Which authority would arrange the recovery?

Karpeles has shown that he is a liar, fraudster with a sociopathic personality disorder. Given that, and assuming it is technically possible, I see no reason why he would not have spent a few days getting rid of people. The unconfirmed accounts would be the easiest.

I don't mind being wrong, and would be interested if someone could explain why it would be impossible for him to have done that.

overc

sr. member

Activity: 263

Merit: 250

Quote from: V4Vendettas on February 28, 2014, 05:55:23 PM

Quote from: ilpirata79 on February 28, 2014, 05:52:16 PM

I think they already are considering a plan like this. It is mtgox however that should take the initiative and, in doing that, it should ask for the creditors approval (all of us).

Best regards,
ilpirata79

It simply takes Gox to mail its customers the proposition and ask for a vote.

Thing is what happens to those not wanting to play along and how is this fair on them. Granted nothing is fair in this whole mess but still. What kind of % would they need to pass this and are there any laws on it?

Those who not wanting to play along have little choise: Mt.Gox go bankrupt and they will have nothing or gox.com will go live and they can sell their mtgoxShares straight away with a big discount.

overc

sr. member

Activity: 263

Merit: 250

Quote from: ilpirata79 on February 28, 2014, 05:50:40 PM

I propose Andreas Antonopoulos as CEO Cheesy

Best regards,
ilpirata79

My opinion is: Friedcat as well-trusted person here would be nice as well.
The only problem I can see with him: he do not have experience to run such type of business.

V4Vendettas

sr. member

Activity: 294

Merit: 250

Quote from: ilpirata79 on February 28, 2014, 05:52:16 PM

I think they already are considering a plan like this. It is mtgox however that should take the initiative and, in doing that, it should ask for the creditors approval (all of us).

Best regards,
ilpirata79

It simply takes Gox to mail its customers the proposition and ask for a vote.

Thing is what happens to those not wanting to play along and how is this fair on them. Granted nothing is fair in this whole mess but still. What kind of % would they need to pass this and are there any laws on it?

ilpirata79

sr. member

Activity: 353

Merit: 253

I think they already are considering a plan like this. It is mtgox however that should take the initiative and, in doing that, it should ask for the creditors approval (all of us).

Best regards,
ilpirata79

ilpirata79

sr. member

Activity: 353

Merit: 253

I propose Andreas Antonopoulos as CEO Cheesy

Best regards,
ilpirata79

Topic: Resurrection of Mt.Gox - page 2. (Read 6661 times)