Topic: Save Gox - page 6. (Read 11364 times)

Pretty sure when the Govt of Japan sells all the assets of Gox they will see BTC as an asset. They will sell that for fiat.

"Any appreciation in the value of bitcoins would be lost because of conversion of MtGox's 200,000 recovered bitcoins to fiat currency as part of the distribution of assets."

He speaks as though this is a fact and must happen. Why would it not simply be returned to the customers. Would be a lot easier than selling it all and returning it as fiat cash to the customers.

For me it is mostly about Mark being held accountable and finding the lost BTC.

saving gox is impossible, just like that, period
too much money was lost

How do we "reach out" ?

They need to talk to Adam B Levine and the group that has been working on the whole Gox tracking thing for months.

There are a lot of people who claim to know exactly where the coins are, and I have yet to hear anyone in authority acknowledge a discussion about it.

Which is really strange to me.

Maybe this guy is the one who needs to address those concerns, and tell everyone how he's going to facilitate the tracking of the "other coins"

-B-

I'm not sure this will work but I like the idea of it. Getting rid of Mark and having a professional audit by people who care about BTC seems like a better path than what is on offer. Anyway open to your ideas and feedback.

http://www.coindesk.com/potential-mt-gox-buyer-exchange-important-role-bitcoins-future/

A bit more about this operation in the media.

“Our plan, of course, is to take the exchange, fix the security issues and rehabilitate it.”

Hi everyone, my name is John Betts, and I am leading the proposed rehabilitation effort for Mt Gox, and Goat asked me to post here and communicate with you.


In short - we want to take over management of the company from Mark, so that we can handle the Civil Rehabilitation proceedings, distribute customers the assets currently under the control of the Supervisor, and rebuild the exchange.


We also have plans to lead asset recovery efforts, and to give customers participation in the new exchange through a combination of equity interest and revenue share.


I would like to begin a dialogue with you, to introduce myself, our syndicate, and what a rehabilitation plan might look like, and to seek your support to convince the Supervisor not go down the liquidation route that will further hurt customers, and to support our effort lead the civil rehabilitation proceeding, which we will pursue with your collaboration.


Right now, we are working with the Supervisor to convince them bankruptcy only protects Mark, and would be detrimental to creditors.


Hopefully you share our concern about liquidation vs. rehabilitation.


If you have any questions, please do not hesitate to reach out.


We are in the process of preparing more detail around our proposal, and I will share that with you as we release it.


Best regards,
JB