Quote from: DannyHamilton on September 05, 2012, 12:49:05 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.

Nice idea, but what if someone who had a lot of BTC on deposit with BitFloor believes that they have a better chance in the courts than they do selling of shares of BitFloor? How do you convince everybody to go along with your plan?

Maybe it's not necessary to convince everybody. Let it go to court. Let the settlements be decided. Then give each plaintiff the choice of whether to be paid out in USD or in Bitfloor stock. Ownership in the company would then be divided proportionately among all those who opted for stock. The dollars remaining in Bitfloor's coffers would be distributed proportionately to all those who opted for money. It would be up to the court to decide whether to distribute all of the USD to those requesting the monetary compensation option or to hold back an amount in proportion to the balances of those who opted for stock compensation and then issue a one-time dividend of that remaining amount to the new shareholders.