Quote from: whitslack on September 05, 2012, 12:50:49 AM

Quote from: HDSolar on September 05, 2012, 12:47:59 AM

Quote from: whitslack on September 05, 2012, 12:44:28 AM

Following from my previous post, here's an interesting idea. Roman Shtylman, please read this and consider...

What if Bitfloor went public on the GLBSE and distributed 100% ownership of the company to the users who lost BTC in the heist, proportionally according to their lost BTC balances. For example, issue ~24,000,000 shares (one share for each 0.001 BTC that was stolen), and distribute the shares proportionately to the users whose BTC was stolen. Then Bitfloor would pay 100% of its operating profits (revenues minus operating expenses) proportionately to its shareholders. The new shareholders could either sit on their newly granted shares, sell them to recoup whatever money they could get, or buy more shares from others who are unloading theirs.

+1 but I would want Roman to maintain some percentage of the company because we would need someone to run the show and we would want him to stay stay motiviated to continue the process. With no motiviation I might as well invest in the post office or the government.

He would be able to purchase shares in Bitfloor on the GLBSE. If he doesn't want to, and if he doesn't want to continue operating Bitfloor, the shareholders could oust him from the company and vote in a new CEO.

Who would understand his code better than him?

It makes no sense to let him sell the 100% just for covering the loss and then, knowing it makes a measly 2K US$ a month and that it will be shared in dividends, pretend he will be motivated to work or that someone capable will work for wages low enough for the company to turn a profit.

The IPO should be for about 300% of the losses so infrastructure can be improved from the start, and at least a partner can be hired (a 1-man exchange is asking for trouble). It all depends on how much do people value a properly operating Bitfloor in the long term. I think 75K+ is fair, maybe 100K+.