Post
Topic
Board Service Discussion
Re: Open Letter to Mark Karpeles: Voluntary Reorganization Best Option for Us All
by
Hrumph
on 27/02/2014, 06:15:29 UTC
Presumably, many of us want Mark's head and justly so, but this idea is nevertheless our best hope at recovering anything at all of value from mtgox. Lengthy bankruptcy proceedings and liquidation of the assets will take a long time (perhaps years) and leave us with virtually nothing after the parasitic lawyers take their cut.

I personally chafe at the idea of outright forgiving Mark, but, since this is probably our best hope for salvaging anything at all from the wreckage, we must put aside thoughts of vengeance and move forward..

I am not very optimistic about anything now, but this is the best plan that I know of. I do hope that this project succeeds.