Quote from: DeathAndTaxes on September 07, 2012, 05:42:48 PM

Quote from: Entropy-uc on September 07, 2012, 04:20:32 PM

Not even close. Bitfloor in liquidation is worth at least 40% of the reported losses. Plus gross negligence on Roman's part should make it straightforward to get a judgement against his personal assets.

Bitfloor in liquidation (with no outside capitalization) is worth $105,000+? Essentially the only assets are the code and brand. While the fair mark value might be a hundred grand generally in liquidation assets go for $0.20 on the dollar or less. Soft assets (like code, databases, customers lists, etc) go for even less.

So that would put the fair market value on Bitfloor software and brand at roughly $500K to $1M. Pretty high valuation. Also you have no chance of piercing the corporate veil unless you can prove criminal negligence occurred. Also how are you going to get this judgement? By hiring legal counsel, proving your deposit exists, proving that Bitcoins are worth damages in legal tender that the court can award, and proving criminal negligence to pierce the corporate veil?

The value of your claim is ~$1000 gross once you subtract legal fees out you will have roughly nothing even if you could accomplish all that. 25% is likely overvalued at this point.

Bitfloor's revenue was over 30k / year with a very high growth rate. I don't see 3x revenue as a very high valuation.

There need be no legal fees. The bar in small claims cout is very low. Roman posted here using his personal account for all bitfloor business. And criminal negligence is not the bar in cases where there is a fiduciary duty.

Pirate debt is still trading at 15%. Surely Roman's obligation and a viable, operating enterprise is worth substantially more.