Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
mightycount
on 24/02/2014, 23:22:16 UTC
Karpeles resigning and the reset Twitter accounts is because Karpeles will announce this week that he will no longer be the CEO of MtGox. There will be a professional CEO at the head of Gox who will (try to) make MtGox again a succesfull exchange.

I have no insider info, just my guess.

Wishful thinking. I don't know what will happen but this appears unlikely to me. I can see three scenarios:

  • Hard bankruptcy, remaining fiat and bitcoins are shared out in proportion after losses are deducted
  • Takeover by another company with deep coffers (not too likely, in my view, because Mt. Gox does not look very attractive)
  • Mt. Gox wriggles through and comes out solvent, perhaps barely solvent, and continues to pay out slowly (also wishful thinking, but not entirely impossible).

The loss of reputation would be difficult to reverse, so I find it hard to see any rosy future for Mt. Gox.

Agree with your points although I don't think Gox would be that unattractive. An outside investor would see a huge client base and an opportunity to turn things around.

There could be a lot of value unlocked if MtGox could regain a trustworthy image, no question. Huge client base, the brand, the contracts and the profitable operations. I hope it won't take a square full of people with bats to dethrone the fool.