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
Topic: Resurrection of Mt.Gox - page 3. (Read 6674 times)
Ow one more thing. Mark needs to not have any control of anything ever and has to write an essay and mail it to every single gox customer explaining why he did not commit Seppuku.
So how the hell would we get this idea recognised ? I take it we need to get a mass petition going and get the Japanese appointed official overseeing this all to read it ?
A big job and I don't consider myself anyway near as smart as many lurking around here but I will say this I'm willing to bust my ass helping to get it done.
Any known hero's want to start rolling with this? You have my sword (or chubby fingers and keyboard in this case).
So how the hell would we get this idea recognised ? I take it we need to get a mass petition going and get the Japanese appointed official overseeing this all to read it ?
A big job and I don't consider myself anyway near as smart as many lurking around here but I will say this I'm willing to bust my ass helping to get it done.
Any known hero's want to start rolling with this? You have my sword (or chubby fingers and keyboard in this case).
This simple and straight-forward plan will facilitate returning funds to existing customers and even bring some potential profit to them. It will allow customers to have the choice: to either sell shares at market price, which will be established immediately after gox.com goes live and withdraw it instantly, or earn dividends with the potential for capital gain recovery and, probably, have a benefit from raising shares prices.
I think this is a good plan also, but withdrawal of sold shares isn't possible right away, or do I miss something?
It is possible to recreate and re-brand the Mt.Gox business completely (including software reengineering) using 2,000 BTC and 22,430,000 USD which Mt.Gox has now.
There are no funds left when the exchange is recreated. People who want to get out immediately can't.
lol why do you guys love pain so much ?
let it die
lets say it comes back to life.. he's fucked you over how many times now ? but ya.. ok so pretend all good.. 3 months later.. same deal... and again
and again as its been for years. ya im sure mark really cares about all of you... hugs for all
i just dont get it...
let it die
lets say it comes back to life.. he's fucked you over how many times now ? but ya.. ok so pretend all good.. 3 months later.. same deal... and again
and again as its been for years. ya im sure mark really cares about all of you... hugs for all
i just dont get it...
V4vendettas answered before you asked: better to have shares of a crappy company that have NOTHING!
Best regards,
ilpirata79
lol why do you guys love pain so much ?
let it die
lets say it comes back to life.. he's fucked you over how many times now ? but ya.. ok so pretend all good.. 3 months later.. same deal... and again
and again as its been for years. ya im sure mark really cares about all of you... hugs for all
i just dont get it...
let it die
lets say it comes back to life.. he's fucked you over how many times now ? but ya.. ok so pretend all good.. 3 months later.. same deal... and again
and again as its been for years. ya im sure mark really cares about all of you... hugs for all
i just dont get it...
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 would rather have a shares in a crappy company than have nothing.
+1 ideally i wouldnt want to get my goxbtc valued @ $160 with no choice
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 would rather have a shares in a crappy company than have nothing.
Nice plan
debt-to-equity swaps are often done; even for countries this is possible (by turning bonds into money). I bet we will see some more examples in our lifetime
debt-to-equity swaps are often done; even for countries this is possible (by turning bonds into money). I bet we will see some more examples in our lifetime
Good. How to submit it to people who can do that?
Nice plan
debt-to-equity swaps are often done; even for countries this is possible (by turning bonds into money). I bet we will see some more examples in our lifetime
debt-to-equity swaps are often done; even for countries this is possible (by turning bonds into money). I bet we will see some more examples in our lifetime
Your way of assigning shares is kind of "random" because it depends on the liability in dollars and in bitcoins of Mtgox. Instead we should assign shares in a more fair way, as, for example, who got 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars.
Best regards,
ilpirata79
Best regards,
ilpirata79
After some thinking I would agree with you, probably you are right. It will be more fair to convert 55M USD balances into let's say 100K BTC by current market price 550 and to issue 72,440,000 shares
wich are entitled for USD and BTC dividents.
It is idea just appeared: all of BTC trading fee will go to dividents and all of USD trading fee will cover operational cost to run the business.
I have changed the plan with these new concepts, see topic-start message.
Any comments for the new plan?
mark wont be continuing as CEO of gox check video in link
http://www.dailymail.co.uk/news/article-2570159/Bitcoin-firm-hacked-virtual-bank-heist-goes-bankrupt-leaving-NO-prospect-investors-getting-hundreds-millions-pounds.html
You want Mark Knuffles to stay in the CEO role because he fucked it up so very badly before? That's irrational.
First of all I personally trust him. Secondly he made mistake, he know how to avoid that.
But you are right as well: it is your opinion.
That is why I am saying that position of Mark must be determined by shareholders vote.
Otherwise i agree with the plan
You want Mark Knuffles to stay in the CEO role because he fucked it up so very badly before? That's irrational.
First of all I personally trust him. Secondly he made mistake, he know how to avoid that.
But you are right as well: it is your opinion.
That is why I am saying that position of Mark must be determined by shareholders vote.
Your way of assigning shares is kind of "random" because it depends on the liability in dollars and in bitcoins of Mtgox. Instead we should assign shares in a more fair way, as, for example, who got 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars.
Best regards,
ilpirata79
Best regards,
ilpirata79
After some thinking I would agree with you, probably you are right. It will be more fair to convert 55M USD balances into let's say 100K BTC by current market price 550 and to issue 72,440,000 shares
wich are entitled for USD and BTC dividents.
It is idea just appeared: all of BTC trading fee will go to dividents and all of USD trading fee will cover operational cost to run the business.
Your way of assigning shares is kind of "random" because it depends on the relative amounts of liabilities in dollars and in bitcoins of Mtgox. Instead we should assign shares in a more fair way, as, for example, who got 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars.
Best regards,
ilpirata79
Best regards,
ilpirata79
You want Mark Knuffles to stay in the CEO role because he fucked it up so very badly before? That's irrational.
As the gain in bitcoins and in dollars is the same when a trade occurs,
we have that who got a 1 gox btc gets 1/624400 of the bitcoin income, while who got 1 gox dollar gets 1/55000000 of the dollar income. Therefore, as the two incomes are the same, if we say that R is the exchange rate goxcoin/goxdollar, we have
1/624400 = R * 1/55000000 => R = 88,08
With the share composition you propose 1 gox btc is about 88 gox dollars.
The right way to do this is to have one type of share and establish what is the R value (not easy).
Best regards,
ilpirata79
we have that who got a 1 gox btc gets 1/624400 of the bitcoin income, while who got 1 gox dollar gets 1/55000000 of the dollar income. Therefore, as the two incomes are the same, if we say that R is the exchange rate goxcoin/goxdollar, we have
1/624400 = R * 1/55000000 => R = 88,08
With the share composition you propose 1 gox btc is about 88 gox dollars.
The right way to do this is to have one type of share and establish what is the R value (not easy).
Best regards,
ilpirata79
I also support that, but I would not say 1 share = 0.01 BTC = 1 $, which means that 1 goxcoin == 100 goxdollar.
I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).
Best regards,
ilpirata79
I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).
Best regards,
ilpirata79
No, this are two undepended types of shares:
- mtgoxBTC - nominal price 0.01 BTC
- mtgoxUSD - nominal price 1$
1 mtgoxBTC is not equal 100 mtgoxUSD.
Price of mtgoxBTC/mtgoxUSD will be enstablished by market.
As the gains from dollars and from bitcoins are the same when a trade occurs, you can demonstrate that in the end one that has 1 goxcoin gains as one that has 100 gox dollar... just do the math.
Best regards,
ilpirata79
No, not the same.
Let's say two trades are here:
1. 1 BTC sold for 500 USD. 0.4% fee. Gox has two fees: 0.004 BTC and 0.2 USD
2. 1 BTC sold for 1000 USD. 0.4% fee. Gox has two fees: 0.004 BTC and 0.4 USD
yes cool i'm in... i agree with this plan... i lost 8.86 bitcoins in mtgox 
I also support that, but I would not say 1 share = 0.01 BTC = 1 $, which means that 1 goxcoin == 100 goxdollar.
I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).
Best regards,
ilpirata79
I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).
Best regards,
ilpirata79
No, this are two undepended types of shares:
- mtgoxBTC - nominal price 0.01 BTC
- mtgoxUSD - nominal price 1$
1 mtgoxBTC is not equal 100 mtgoxUSD.
Price of mtgoxBTC/mtgoxUSD will be enstablished by market.
Jump to: