I just realized that MtGOX has opened the doors for a completely new business models named "certification" of "insurance". This can be considered a good thing since we learn from the bad moments.

Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.

Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.

Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.

etc.

So HODL is good since we are really very early adopters. The technologies and companies are yet to come.

PM me if you want to buy the rights off me

On paper and USB (redundancy) in a vault is my definition of cold storage. Preferably two vaults in two sites if you have a lot of BTC.

Beware ... your computer could still fail.

+1

If he solves the mess by finding an investor nothing will happen. If not he'll be arrested.

10k in 2016

Good point! Let's &^%& over Mark. BUY BUY BUY!!! TO DA MOON!!!!

Everytime I go to the US I Always watch Fox News.
It's really good entertainment watching biassed dumbasses talking complete propaganda.

This implies MtGOX has 10K btc and still lost 700K ?

Maybe a lot of the coins of big whales on MtGox we're created through transaction malleability by sending multiple times to Gox and Gox kept upping their accounts.
This would mean that a lot of the 700KBTC could have been fake.... In theory this would mean they were never lost

Maybe the new investor is having a look at whom has faked coins.....

Anything is possible....

I don't have gox coins. I consider myself very lucky... 

Yep I noticed. Can't wait for the real information to come like



The coins we're temporarily unavailable but now they are "lost"
I put all your bitcoins on red and lost, wished I would have won to bail you all out
Life sucks get over it !!

Kind regards
Mark

HODL and TO DA MOON!!!! 

This is like raping rapevitims. First MtGOX screws you over then some script kiddie screws you over aswell.... 

OK my turn. I hope the following will happen. I have no money or BTC in GOX but it sounds like this is possibly going on which would be good for those goxxed.


MtGOX is in the process of being taken over by a yet to be mentioned (hopefully competent) party.
Investor has asked Mark to stop all forms of communication without approval of investor to stop any false promisses or problems.
Investor forced MtGOX offline to look into the exact depth of the mess and to prevent further hacks. Depending on the mess they will invest or not.
Investor is looking into a solution to all whom got goxxed.

If investors name leaks the deal is off since they do not want to be associated to this mess


Next milestones

- Site magically starts up again around 1 april with new rebranding (leaked fake document )
- Directly followed by the presentation of new management including takeover announcement and a new CEO.
- With a new CEO Mark Karpeles can officially step down. He will officially appologise for the mess he made and take the fall for all the shit that went wrong. (In Japan I would expect him to cut off a finger or nipple like in the movies )
- A day or two later a plan for helping goxxed people get's communicated.
- Business resumes...
- Withdrawls get enabled in a limited fashion.
- Slow recovery and build new trust.....

In a month when it is sold to competent people.

If I would buy MtGOX for $1 (providing most money was lost and I am full owner from the GO) I would give out shares/dividend in BTC/USD to all people who have a debt.
This way you can repay everyone over time even compensating them if they have faith in the company over time. The company would remain to have money to operate.

Ofcourse hire capable people for running the show in a safe and secure manner. No more lost cold wallets
Hire a trusted external party(s) to regularly audit the company (incl. books) and take advise seriously.
Put up an apology to all people who got screwed over and commit to a repay through shares/dividend system.

Make internal changes like restaffing allmost everyone (atleast management and programmers).
Provide social media and good and regular updates of the status. Communicate to the world in an open manner.
Limit witdrawls and ease open the gates until a full free flow of money is allowed. (this is necessary to stop mass withdrawl)

I would not bother to change the name MtGOX, I would rebrand the logo to signify change in management.


But then again I've never run a company....

As a picture

Lol we'll see if they reopen on 1st of April

A hub-spoke topology for an exchange is a good idea.
The spoke exchanges send all excess money to the central hub for safety and order back as needed.
The spoke is the only exchange that is in contact with the people so a hack will not penetrate as deep.

Basically they are building the "Federal Bitcoin Reserve"

He has had your bitcoins

Dear customer,

We have now sold all of our servers and have MtGox running on the parking page of our DNS provider.
Currently Mark is planning our getaway to a non-disclosed Island in the south pacific.
Once we arrive we will give you an update from a cocktail bar on the beach.

Kind regards,
MtGOX