Fox business is a shit hole, it does not confirm anything, what it points to is a fake irc-interview with mark conducted by a SEO expert posting it on his own forum, aiming to increase views on his own forum. What about the cat man, what about the cat? There's the bonafide evidence for you!  |
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So much for the buffoons claiming it was an obvious fake. Still unclear where that came from: Mark K said not Gox EDIT: and he suggests it might have been put out to damage the situation. |
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Hey, good detective work!  |
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It does look like there may be (or might have been) some kind of takeover in the pipeline.
But sadly the way this is playing out doesn't give confidence.
That said, despite the understandable negativity on here there must be big players at least looking at the opportunity. With all their customer accounts there must be a way to turn it around if someone wanted to.
But does someone want to?
I may be starting to dream now but imagine how good it would be also for the image of Bitcoin (which absurdly is being tarnished now in the press) if "leaders" of the community rescued Gox. That would be nice!
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This is it? A photo of a cat? Goxxed again! |
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The issue is that it seems the update on Gox.com registrant information occured after the publication of two bit idiot's report. Of course someone may have let him in early on that, but it seems a bit unlikely to me this is the elaborate hoax made by him you suspect it is...
I know it might be a bit direct to ask him outright, but why couldn't he just reply rather than delete my post and then quickly return it again when I point it out? I hope he gives some more info on his sources soon because so far everything, and in his new post also, is unverified. |
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The document was fake. You'd have to be a fucking retard not to work that out.
People said the same thing when it was released yesterday, but pretty much everything it said played out so far.Easy to put that in because at least several people including Charlie Shrem alluded to Karpeles stepping down and a change coming for Gox, over the past couple of days. My guess is The Foundation and assorted cronies were told of the plans at least a few days ago. Not saying it is them, but once the info is out then it leaks and someone gets the bright idea of having a pop at Gox by drafting this document. Or as someone else suggested it is in collusion with Gox so that they can refute it. I just can't believe it is a genuine business document. It's so badly written! |
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I've been following the blog of Two-Bit Idiot, the Coindesk writer who broke the news of the Gox "crisis document" 24 hours ago. He has written a new piece making vague accusations of all kinds of skullduggery. http://two-bit-idiot.tumblr.com/post/77817993185/motives-disclosures-suspicions-mt-gox-update#comment-1260426949A lot of the people commenting are suggesting the "crisis report" is a fraudulent document, photoshopped bullshit, or whatever. I directly called out Two-Bit Idiot about it and said, not rudely, that I thought he knew it was fake. He quickly deleted my comment without any reply! Have a look at the guy's Twitter, stuff on reddit, etc. Not a lot of people believe the dude's material. His deleting my post - which was not at all rude and a perfectly straightforward point that he could have simply rebutted - when other posts have sworn at him, makes me not trust the guy at all. Anyway read his latest stuff and see what you think. EDIT: I made a comment about him deleting it and he quickly put it back - but still no reply! |
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Would it be legal for the acquisition company to buy up all the cheap coins before trading resumes?
How about declaring bankrupty and paying everyone the last price of $135 USD?
The f***ers |
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This post brought to you by the letters G R E and D
+1  |
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Mark just subscribed to this thread.
He did not bother, as all the double payments have been to himself only  That actually fits quite well with the "blame Bitcoin" philosophy. And then there was the DDOS on other exchanges right after everyone said it was Mark's fault he hadn't kept up with the malleability issue. But perhaps he had been keeping up, only too well...  |
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The document is the purest bullshit I have ever seen.
I am strongly suspicious of Two Bit Idiot, the blogger who released it. He claimed to have verified the figures with "multiple sources" close to Gox:
1. But then why for weeks since the malleability bug or even months/years has none of this come out, and then all of a sudden Two Bit Idiot has an internal document and "multiple sources"?
2. And why when the document is so clearly fake it's laughable has it been confirmed by "multiple sources"?
It's no secret that some apparently knew (Charlie Shrem for example) over the past couple of days at least that Gox is moving towards acquisition, so someone has cobbled together this bullshit visibly hastily.
And it was immediately pumped by Coindesk. They need to look into things properly.
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Don't know about the state of funds in Gox but the purported info comes from a clearly fake document being released by a blogger with what looks like questionable motives. He says he has confirmed all the figures with multiple sources close to Gox. Well then how come for weeks no-one has known anything about what's going on in Gox?
The document is bullshit. And it was pushed by Coindesk in a flash.
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After looking at things for a day, I'm sure the crisis document is fake.
I think Two-Bit-Idiot has not confirmed all the figures with multiple sources close to Gox as he says. He's now off spinning yarns about endless dark rabbit holes and such on his blog.
Whether it was faked in collusion with Gox or some external trouble-maker I don't know.
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The document is so clearly fake that I can only assume Two-Bit-Idiot, the "reputable" writer for Coindesk, is in on the FUD. If you read his blog he's busy spinning the wildest doomsday scenarios, the "rabbit hole runs deep" bullshit: http://two-bit-idiot.tumblr.com/Seriously I find it hard to believe that no-one has known the real situation at Gox for weeks and then suddenly Two-Bit-Idiot comes along with a hyperbolic document and assurances that he has confirmed all the figures with "multiple sources" close to Gox. Coindesk then pumped his stuff. They should be brought to task over this. |
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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
You're stretching too far!  I second the motion! "All in" for Bitcoin Jesus!! |
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I suspect that document is fake. Likely it was created outside Mt. Gox, or it was created within Mt. Gox as a deniable deception.
It's in the interest of Mt. Gox management that outside "hackers", not they, be blamed for losses. That's suspicious. No way could they lose that much via an outside attack. Inside help would be needed.
I think it could possibly be a half-assed report knocked up on behalf of a potential buyer of Gox who released it in spite when their offer was refused. TwoBitIdiot, who "released" the document, said "I also received a 27 page business plan, written in 2014, entitled “Business Plan Europe 2014-2017”." Apparently this document is a "polished" study - perhaps the real internal Gox proposal. http://two-bit-idiot.tumblr.com/post/77817993185/motives-disclosures-suspicions-mt-gox-update#disqus_threadJust speculating of course. |
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Karpeles is such a typical shill. Always lying, always deceitful. I'm pretty sure they're about to get bought out. This will be good news for Bitcoin. A relatively graceful exit for Gox ..
Who is going to buy into a 350 million USD liability, which given Bitcoin's history could easily turn onto a 3.5 billion USD or 35 billion USD liability? 1) We don't know their liability. 2) If the liability is in BTC, one could argue that the liability is owed at the last price of a coin on Gox. 3) The company may undergo bankruptcy proceedings, which will alleviate most if not all of their debts (not sure how it works in JP). 4) They're the oldest name in the business. 5) Exchanges are cash cows. It may only take a year or two to cover their liabilities. 6) It's clear from the joint insolvency letter that some heavyweights intend to help with the liabilities .. somehow. I wouldn't just dismiss the possibility of them being bought out so casually as you have. I take it you are referring to the Coinbase et al statement? Yes I had to read it twice but then I understood clearly that they are not offering to help with Gox's problems. They are referring to protecting their customer's funds from future problems. |
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2- Switch off the MtGox exchange temporarily (1 month) while announcing a restructuring and re-branding
On a freshly branded static homepage, post a letter from Mark Karpelès stepping down as CEO of MtGox, bringing in transition advisors, and citing poor organization and technology. Moving to a new country (Singapore?) could be helpful.
3- Push the new branding (ready) and reset all SNS channels for communication:
Using Facebook, Twitter, etc with the new branding, we will give constant updates, changing the tone of communications and informing stakeholders on all progress: new advisors, team members, location, fee structure. We need to inspire confidence.
4- Set up a competent team and redesign the service and codebase:
Announce a new CEO, talented developers, and trusted business people to establish a new business model. ( Finance, marketing strategy, IT, developers, Customer support). Build a low-cost, profitable business again that gives customers a reason to stay (low fees, stability, etc) while we work off our debts to stakeholders.
New branding, means that there are future-forward plans already in the works, and customers will see that MtGox actually has a plan in motion
This leaked document seems to be coming true. Just a bit concerned about the "plan", that's all. |
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