Topic: The mysterious MtGox buyer (Read 5614 times)

Ergo, if you were Mark, would you move your office all the way across town, or only a block away? I'm just asking!

The thing is that selling a company such as Gox is a process that takes months. You need a due diligence and the numbers have to be crystal clear.

Either Gox was already in advanced negotiations and the buyer already finalized its due diligence, etc. and now its getting a last-minute discount because or the current shitstorm, either all this is just BS and stall tactics.

I second the motion! "All in" for Bitcoin Jesus!!

There is an underground market for documents used by people who do identity theft... and the MtGox assets would be a gold mine for those kinds of characters... Identity theft has occurred with much less info available, and what MtGox has on file is high quality stuff...

Somebody will definitely want to buy the MtGox assets... and I'd be willing to bet, the vast majority of those interested, will end up being people we absolutely do not want having it.

=squeak=

You're stretching too far!

Haha, I don't live like that.  Everyone knows who the branded culty-vampires on Earth, are.

But yes your point is valid: Groups of traumatized humans like Goxxies are valuable to be harvested en masse.

If Scientologists get involved its your fault for saying their name first 

Yeah what's the going rate for traincars full of lambs?

I had a horrific vision of Scientology and other cults bidding for Gox.  It makes sense to buy in terms of pure evil.

OMG thats all absolute utter nonsense distraction....of course everything will be done, not to name the sellers of those 750000 BTC

which got stolen and sold after withdrawls were halted.....there is the smoking gun...the rest is BS and serves to transfer even more

money offshore as the accounts and records still haven´t been seized ! get real people

I am new to the scene but lost about $150 to Gox. My gut feeling is the "leaked" doc is legit, and the numbers are believable. The timing of the site going down and the fact it has been so long since the problem surfaced with no disclosure of details the whole time makes me think there are huge losses. If the parties who exploited the malleability issue found it was possible on a small scale, then they would have done a large amount in a short period of time. Then they continued it until discovered, which could have been a while considering what we know. Then the coins in cold storage would be almost the only BTC left to try to keep going with. Maybe even while the theft continued. I doubt there is a buyer. Gox is trying to get all of Bitcoin to fix Gox and I don't see that happening. I had just been thinking if trading has continued this long, they are going to make it and I was about to buy more Gox coins. Lucky this happened first. This actually may be best because it will likely lead to bankruptcy and Bitcoin price will recover more easily, and by the time the court helps divide what remains BTC price may increase such that Gox account holders net 50% or more of the value they had before the "crisis", even after sharing the losses of the theft due to poor security. To me that looks like best case.

Thats why it is kinda amusing to assume there is not market for mtgox. Plenty of assholes both legal and otherwise would love all that info.

We don't know. That's why I said, two times: Somebody inside MtGox wants us to believe it will be sold/acquired imminently.

They want us to believe that, what we don't know if it is true or not.

how do you/we know that he didn't lie to the reporter?

On a more sinister note... how much do you think all that ID information for the verified users is worth?

When they locked BTC withdrawals for unverified users, I adamantly refused to verify because I'd rather lose the few BTC I had there than give them the ID info.  Went back and forth with support for weeks arguing that it couldn't possibly help prove I owned the account.  Suggested that for KYC, it should be sufficient to let me transfer ("gift") my BTC to another (verified) account if they needed to know where the BTC went.  Every response boiled down to please verify (i.e. send us a big pile of personal info)

I have an account.  I would never use it again.  MtGox has tried the little carrot trick before by offering 0% fee trades for a few weeks.  What are they going to do now?  They would have to shower users with free bitcoins to get them to return, and even then anyone with any sense would say 'thanks' while withdrawing them.

Agreed. Either Karpeles have been already negotiating with the potential buyer for many months, the due-diligence is already finalized, etc. and during the shitstorm Karpeles made a very good offer (like 50% of what the company would be worth on the paper) to the buyer, or this doesn't make sense at all.

It's one thing to halt trading until matters are sorted out.  People can still log in, get information, check balances, etc.  It's something completely different to just pull the plug without warning.  If it was the intention of MtGox to shutdown for a while before restarting they have done every single aspect of the process completely and utterly wrong.

Its the users that have value,.
If you give them something they can believe in, a little cooling off period and some incentives to use the new exchange it might just work out.

Who would want to buy Mtgox, They are being sued for 75 Million by coinlabs, they have 10+ million seized by coinlabs and the US gouv. They owe 10's of millions to their clients.

Mtgox is the worst buy ever. The only one I see buying mtgox may be coinlabs and thats a stretch

There is no way a buyer will surface.  Assuming a buyer could be found and bitcoins returned to the site, everyone with an ounce of intelligence would immediately withdraw all their bitcoins as quickly as possible.  The way MtGox has been performing over the past few months and the abrupt shutdown pretty much precludes an orderly buyout and restart.