your link is broken you have to remove the "

some fucked up idiot even rated vircurex as C+ in this list:

http://theblogchain.com/bitcoin-exchange-reviews/

Un-American ... LOL ... people should stop using that word.

But any part of that revenue that is left over from expenses will be taken out by the owners as profits.

So you were thinking of the individuals investing in SaveMtGOXco, rather than their companies?

Thanks.

I have one nit about your document: you suggest that the company that would rescue MtGOX could buy coins from the other exchanges.  But the coins in the exchanges' wallets do not belong to the exchanges, they belong to their clients.  

In fact, my preferred explanation at the moment for how MtGOX "lost" all those coins is that they sold them off-market in order to play with the cash, confident that they coudl re-purchse them if and when needed; but then the BTC price jumped from 100$ to 800$  in november-december, and they could no longer do that.

So, I think that it would be too risky (if not criminal) for the exchanges to sell those coins to the Save-MtGOX company.  Ditto for any bitcoin investment funds.

Does this make sense?

If the customer base of MtGOX could generate enough money to cover its debts, they would not be insolvent.  They could get loans to pay those debts with pressing deadlines, and eventually get back into the black.

Being insolvent means that they have more debts than assets, and their expected revenues in the medium term (say, two years) are not enough to fill the gap.

A company that acquires MtGOX will inherit their debts, and cannot expect to make more money than they did a month or two ago.  That means net losses (and big losses, while the clients withdraw their balances), for years perhaps.  What is the point of the takeover then?

Thus, I would be very surprised if MtGOX gets rescued.

Nobody with balls to day trade $60k of volatile stock is sitting here reading bullshit on the speculation forum.

What's with Bitfinex? No options to fill orders on Bitstamp? Can't see anything from Stamp on the book.

This is not accurate.  If you look back to the post: https://bitcointalk.org/index.php?topic=229438.msg4007805#msg4007805 , Raphael clearly states that the deposit bank account is in Pudong (which is the financial district in Shanghai).  BTC China ALSO is HQ'd in Pudong, so I don't understand why Raphael thinks he is exempt while BTC China is not???

tldr - do not deposit in Bitfinex until this is cleared up.

China is beginning to get out of bed (7:15 am) and does not seem to be in a particularly good mood.

Meanwhile at Bitstamp and BTC-e, after a moment of irrational panic, traders calmed down, checked the news, thought it all over, and switched to a deliberate, methodical, coldly rational panic.

Can we conclude that this sudden crash to ~750 in the Western exchanges was due to the news of Shrem's arrest?

Huobi was in the middle of a downtrend with occasional hiccups, but clearly it did not start that crash; and it reacted only slightly to it, presumably because of arbitrage trading.

It will be some time before the news of Shrem's arrest are translated and reported in Chinese media -- if they are at all.  Until this morning I had never heard of the guy, and presumably he and the Bitcoin Foundation are totally unnown in China. So perhaps the Chinese markets will just ignore the incident.

lol

no for real we have been hearing about mtgox crashing upward for about a year

i think the fact that poeple can still withdraw EUR or anything other then USD keeps this from happening

Been hearing this "crash upwards" story for almost a year now...