Hi People,
Now that the first long awaited creditors meeting is over, we have a few things to think about.
During this long wait, lots of money (hard cash) was used to sort out expenses relating to mtgox.If one has to look at the costs that were involved, it makes one wonder how such costs would eventually add slowly slowly to the drain of whatever assets are left of mtgox by the time we have the next creditors meeting which is far ahead in November.
By the time that comes i suppose we will have another set of expenses to look at maybe?
Should it not be the liquidators top priority to round up all assets and look for a suitable bidder to take over gox?
Should there have been greater clarity with regard to the ongoing investigation on the stolen coins?
Should the company doing the investigation have had mtgox members or possibly an oversight team to work with the investigation team?
Can't all the major creditors (coin holders, cash holders) ask for the process to be speeded up?
How can we tell if some coins could possibly have been already recovered but not publicly reported because no details of the investigation have been made public?
Where or how could the BITCOIN FOUNDATION could have helped in this whole mess? Did they?
How does bitcoin keep the title of being a fair currency, if we now have 650000 coins in the hands of stupid idiots? I say stupid because they have done more damage to themselves than they think. I say fair because people will always remember that some selfish people got bitcoins the illegal way. People will always feel cheated.
Though the amount stolen is just a fraction of the total, it has done bitcoin damage, agree?
Why do well known companies still adopt bitcoin? Did they research the more effecient coins?
Is there not a better currency to adopt out there?
Are these companies just trying to jump onto the bandwagon before getting left behind?
Good companies will not support a coin that already has 650000 sitting in the hands of criminals, right? Or are they good companies?
Am i not right in saying that, other coins had a more fair distribution, did not have a huge chunk end up in criminal hands, is more easy to maintain in terms of cost, is also just as secure from hackers, has more features to offer, has a fast growing user base, has a growing developer base, has better coin foundation rules, gives all foundation members equal voting rights, does not require expensive foundation fees, has a dedcicated security and support team, and last but not least allows 650000 coins to disappear and not have a FUCKING!!! backup plan. After all if we are to expect it to be the coin of the future and to be used as a means of everyday exchange, surely there must be measures to protect people when they have coins stolen from them. Peoples lives will get turned upside down if this is to be the coin of the future.
Now how many will come to adopt bitcoin if this goes on?
In simple terms, developers out there who are working on their coins let us try to come up with something better for the people of the world. The world needs it