So, lots of time gone since the topic started...
Is Bitcoin == Bancor soon ?
no why? |
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So, lots of time gone since the topic started...
Is Bitcoin == Bancor soon ?
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The simple and clear plan how to resurrect Mt Gox.
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According to the ancient proverb: What doesn’t kill you makes you stronger.
I personally believe in a strong and bright future for gox.com.
talk to Karpeles or/and his lawyers about the proposal(customers->shareholders) Good. I personally sent PM to him and submit contact form in the site tibanne.com Anybody has more direct contact with Karpeles or/and his lawyers ? |
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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. |
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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. |
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I propose Andreas Antonopoulos as CEO  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. |
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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  Good. How to submit it to people who can do that? |
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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
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? |
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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. |
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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
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. |
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I also support that, but I would not say 1 share = 0.01 BTC = 1 $, which means that 1 goxcoin == 100 goxdollar.
I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).
Best regards,
ilpirata79
No, this are two undepended types of shares: - mtgoxBTC - nominal price 0.01 BTC - mtgoxUSD - nominal price 1$ 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 |
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I also support that, but I would not say 1 share = 0.01 BTC = 1 $, which means that 1 goxcoin == 100 goxdollar.
I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).
Best regards,
ilpirata79
No, this are two undepended types of shares: - mtgoxBTC - nominal price 0.01 BTC - mtgoxUSD - nominal price 1$ 1 mtgoxBTC is not equal 100 mtgoxUSD. Price of mtgoxBTC/mtgoxUSD will be enstablished by market. |
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@Magical Tux
more or less
So, if anybody here has a direct contact with Magical Tux and can submit this plan to him? |
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I do not count these 5M.
22M it is what Mt.Gox has right now.
If they lose, then 75M penalty will be for Mt.Gox, but gox.com will be the brand new enterprise and not liable for this penalty.
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If Mark filed "Bankruptcy protection" it is very good news.
The only real way to return our funds: to protect Mt.Gox against bankruptcy, to restart the businnes and to became shareholders.
So, the question is: how to submit this plan to people who make decision about Mt.Gox ?
I think there are many of Mt.Gox customers who would love this plan.
Do you have any idea how we can come together and make it works?
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There are two things which are need to be done: 1. Demand from Mark clear explanation what has happened with the coins. 2. In the worst-case scenario (if all coins are gone) the best and the simple solution is here: https://bitcointalk.org/index.php?topic=492748.0 |
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