Saturday, 1 March 2014

Bilked Investors' New Dream: A Mt. Gox Takeover

From Mashable

Some investors who lost thousands after Mt. Gox's implosion are weighing a new plan: Taking over the exchange to recoup some of their cash.


The idea, which some consider pie-in-the-sky, made the rounds on the Bitcoin sub-Reddit. The gist: Investors will take over Mt. Gox and use its remaining equity to and it running for a few years. Over that time, they will generate enough money from trading fees to pay back at least some of the money they've lost. As Redditor Xeldel explained:


A new Xchange wouldn't be mt gox, it wouldnt have any of the employees or manage .. Read More



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