Karpeles Auctions off Bitcoins.com

[CrackedLogic]

His reserve is $750,000.

If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right? )



http://domains.ha.com/itm/bitcoinscom/a/1120-49.s

An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/

An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/

"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."

We'll see^

[sgk]

....and give the revenues for the people affected by the exchange bankruptcy.

THAT, we'll have to see

[Ron~Popeil]

It would be nice if that got bid up a fair amount and he actually did use it to pay back customers. He will never reclaim his reputation, but every bit helps the people that lost so much there.

[Light]

If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right? )

Aren't there thousands of creditors with the bankruptcy of Gox? If so you'll likely get a very small slice of what you've lost - doesn't make a big difference really aside from just looking a little better for Karpeles tattered reputation.

[icet208]

doubt that he will pay someone back.. Too small amount of money to pay back

[Cryptopher]

I wonder what the plan of action is to pay people back, should that definitely be the case.

I mean is there a plan to settle on a % of pay back? Do they fulfil their payback to each person in full (or to the % of) before moving onto the next - that would require less administration than paying everybody a slice of auctions every now and again.

[KriszDev]

Wow 750k $ for a domain name??

[ph111]

I think he will invest it in a pie factory 

[Kayex]

The amount of btc you'll get after that domain is bought is very small since there will be a lot of brokers taking their share of the btc they lost.

[Swordsoffreedom]

Only 19h and a couple minutes left on the internet portion of this auction
http://domains.ha.com/itm/bitcoinscom/a/1120-49.s
From that we know its less the $750 K atm but not the exact price
Item Activity:    2 Internet/mail/phone bidders

Two bids unknown amount will be interesting to see how this picks up later.

[djarot]

well I think all money from sale will not come anywhere near karpeles - administrators will process it. so many creditors to deal with, how to decide who gets a piece? somehow no point to divide 750k by total number creditors! but i know he also is trying to keep his other business running etc., i wonder where gets even money to do this! and whether he will auction more domains.....like mtgox.com? (or similar, do not remember url exactly)!

[Wesley]

$750,000 is worth slightly over 1,000 BTC. Or about 0.15% of the total amount of BTC that Mt. Gox owes. There are individual people who lost more than this.

[Dogtanian]

Ugh, he shouldn't even auction this off. What if it falls into the hands of someone who will use it badly? He should just donate it to the community somehow. He's never going to earn enough money from this to pay everyone back anyway.

[onlyu]

Doubt people will pay that much.

[Justin00]

I can't really imagine the guy who actively stole BTC for 6+ months and could of told people not to deposit into Mtgox.. but didn't... would do anything for the community. He is one of the biggest scumbags.

[1Referee]

I hope we will be able to pay in hamburgers and pizza and perhaps chicken wings with a milkshake.

I really hope he use the money for compensating people, so many people lost so much money.

[CrackedLogic]

$750,000 is worth slightly over 1,000 BTC. Or about 0.15% of the total amount of BTC that Mt. Gox owes. There are individual people who lost more than this.

It's really disappointing to see about how greedy some people can really get.  If he just stopped everything he could be making more money than he actually stole.

[trace666]

well I think all money from sale will not come anywhere near karpeles - administrators will process it. so many creditors to deal with, how to decide who gets a piece? somehow no point to divide 750k by total number creditors! but i know he also is trying to keep his other business running etc., i wonder where gets even money to do this! and whether he will auction more domains.....like mtgox.com? (or similar, do not remember url exactly)!

This would be true if the domain name was owned by MtGox or maybe Tibanne Ltd.
If it is Mark's property the proceeds will likely not be affected by MtGox's bankruptcy at all.

[BowieMan]

His reserve is $750,000.

If he gets his money, do you think maybe he'll pay us back?(Probably not, but worth the hope right? )



http://domains.ha.com/itm/bitcoinscom/a/1120-49.s

An interesting article by Forbes: http://www.forbes.com/sites/kashmirhill/2014/07/08/mt-goxs-mark-karpeles-is-auctioning-off-bitcoins-com-opening-bid-185000/

An something by coinspeaker: http://www.coinspeaker.com/tag/mark-karpeles/

"Mt. Gox is planning to sell bitcoins.com domain at the upcoming auction and give the revenues for the people affected by the exchange bankruptcy."

We'll see^

Let's do a quick calculation how many Frappucinos you can buy with that kind of money... He could have 3 Frappucinos per day and that for a whole 91 years!

[Baitty]

Honestly if he does pay us back then I would be impressed and my perspective of him would change.