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Title: Business Plan MtGox 2014-2017 by twobitidiot Post by: gollum on February 27, 2014, 05:59:15 AM Another MtGox leak by twobitidiot
http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017 http://www.reddit.com/r/Bitcoin/comments/1z2aht/twobit_idiot_the_mt_gox_europe_business_plan/ Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: Laosai on February 27, 2014, 06:01:19 AM two idiot you mean ?
Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: yashin on February 27, 2014, 06:03:27 AM I would assume he has "lawyered up" then?
Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: gollum on February 27, 2014, 06:10:36 AM LOL they don't mention a word about the risk of losing bitcoin wallets, or risk of bank run in the SWOT at page 15.
Weaknesses • Current slide in reputation and reliability of MtGox due to the funding issues experienced as a result of banking challenges in Japan. • In need of experienced, influential lobbyists that are well connected to global financial and regulatory institutions. • Our headquarters and main operations are physically distant from our main markets. • Difficulties to communicate with our customers because of the important volume of new customers. The demand is growing faster than the company’s structure. Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: NickPortland on February 27, 2014, 06:11:41 AM So basically GOX lost the Keys to the cold-cold-cold-cold wallet with 750k BTC in there?
Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: Luno on February 27, 2014, 06:13:10 AM This looks like a serious presentation, not something made for PR only.
Should this be used on potential European investors? Looks like Tibanne leadership / assets are indistinguishable from Mt.Gox, so their finances should be taken into consideration also in this unravelling of deceits. Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: Coins4life on February 27, 2014, 06:15:28 AM This is very interesting, thank you.
Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: bomb7 on February 27, 2014, 06:16:25 AM So basically GOX lost the Keys to the cold-cold-cold-cold wallet with 750k BTC in there? If that document is legit and in January they were ready for a big expansion then suddenly they have no bitcoins? Yeah, maybe they just lost the keys or they were corrupted somehow. Banking regulations in Japan could indeed cause a backlog in withdrawals, but then this whole vanishing bitcoin issue arose. BTC withdrawals were unaffected until quite recently, right? It was just fiat that was delayed? But who knows. Maybe they had some deceptive plan to open affiliate exchanges to bring in new BTC to lower the ratio of missing BTC. Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: gollum on February 27, 2014, 06:16:41 AM Quote Tibanne has one sole shareholder; Mark Karpeles: CEO for Tibanne and MtGox. MtGox (Japan) has two principles: Tibanne, owned by Mark Karpeles (88%) and Jed McCaleb; the initial founder and creator of the MtGox exchange platform (12%). source: page 4, http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017 Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: g27wr on February 27, 2014, 06:18:02 AM The entire document failed to mention something: WE'RE OUT OF BITCOINS!!!
Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: gollum on February 27, 2014, 06:18:24 AM So basically GOX lost the Keys to the cold-cold-cold-cold wallet with 750k BTC in there? If that document is legit and in January they were ready for a big expansion then suddenly they have no bitcoins? Yeah, maybe they just lost the keys or they were corrupted somehow. Banking regulations in Japan could indeed cause a backlog in withdrawals, but then this whole vanishing bitcoin issue arose. BTC withdrawals were unaffected until quite recently, right? It was just fiat that was delayed? But who knows. Maybe they had some deceptive plan to open affiliate exchanges to bring in new BTC to lower the ratio of missing BTC. Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: hardpick on February 27, 2014, 10:53:19 AM http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017
A good business plan for a small $10 m business to raise funds to get bigger. http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft This does not make sense and may be fake If anyone did due diligence they would have picked up that customer funds did not balance. A loss of 624,408 BTC is not hard to spot – no one would lend money to a business with $350 mil Liabilities (lost customer funds) – also I cannot believe that any bank would extend a line of credit of about $33 mil to a small $10 mil company. Under liabilities $55m in the red -- - $22 m in black = -$33 m approx. Title: Re: Business Plan MtGox 2014-2017 by twobitidiot Post by: Bitcoinpro on February 27, 2014, 10:58:03 AM So basically GOX lost the Keys to the cold-cold-cold-cold wallet with 750k BTC in there? If that document is legit and in January they were ready for a big expansion then suddenly they have no bitcoins? Yeah, maybe they just lost the keys or they were corrupted somehow. Banking regulations in Japan could indeed cause a backlog in withdrawals, but then this whole vanishing bitcoin issue arose. BTC withdrawals were unaffected until quite recently, right? It was just fiat that was delayed? But who knows. Maybe they had some deceptive plan to open affiliate exchanges to bring in new BTC to lower the ratio of missing BTC. they didn't lose the keys and they have quite a few wallets with Coin in them so I hardly doubt they had them all on the 1 USB stick |