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February 25, 2014, 07:38:25 PM |
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HI, my friends "Twobitidiot" just released this report" Crisis strategy Draft": the first page is as following. To avoid a chaotic situation, we propose: 1- Immediately reduce liabilities as much as possible with partners With actual assets using arbitrage/ injecting new coins to erase them from the books. Informing and asking selected Bitcoin main players to ask for their help. The MtGox price is low, making it possible to erase a significant portion of the debt, but it needs to be done quickly. Injections in coin are most useful (enough to run the exchange) but some cash is also needed to not run a fractional reserve. 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. ____###########
if u are interesting, please give me your email, and i can send all documents to u. it is true that i am customer of Mt.Gox.
We need to team work to overcome any tough time.. thanks
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