Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

The name is Karpeles" not "Karpelez", right?

Correct

Quote from: billyjoeallen on March 03, 2014, 04:28:42 AM

Quote from: rabsie on March 03, 2014, 04:18:52 AM

real?

http://www.reddit.com/r/Bitcoin/comments/1zem39/mtgox_restructuring_info_from_karpelez/

ok, ok I know this is completely baseless speculation, but as this is the speculation subforum...

If Gox replaces lost BTC by buying them on another exchange, this is uberbullish. Disclosure: trading on the assumption that this is even a real irc chat much less on the assumption that Karpeles is telling the truth is extremely risky.

Ignoring that we have no hint at that happening, it simply.. cant happen.

I would imagine they could only get all the bids (744k) filled at ~3000. There, enough people should flock in to take profits and fill Gox.

That is an astounding 2 billion dollars. #NotGonnaHappen

I'll grant you that it's mighty unlikely, but weirder things have happened. A messaging app was just bought up for 19 billion dollars by Facebook, for example.

Fair enough, but what is the incentive? Do you think Gox is capable of earning 2bn in fees within the next 10 years? Maybe?? But it would mean Bitcoin would have to grow, and Gox would have to become leader again.

I absolutely think 2 billion is fees is possible, and a Gox without Karpeles wouldn't be so bad, provided they gave us cryptographic proof of solvency and took other transparency measures. Doesn't mean it's probable though.