Mt.Gox buyout and liquidation plan: why refuse reorganization?
The person in charge of the court determined that because the majority of creditors in Japan, so it is difficult to get all the support. To know the important point is that the court decision, instead of Mt.Gox. There are some buyout firms and withdraw the current management deal negotiations at present, would be a good plan to regain the confidence of the customer, and any new exchange restart using the name Mt the plan will need these confidence.
Maybe you should use “what Mt.Gox is and how it differs from the restructuring plan buyout plan?” To express this problem.
Basically, the difference is that Mt.Gox himself clean out, or the others will come out of their. A creditor may not have support (like the current management has made a mess of the matter, so it is likely that no one would believe that they continue to operate the company, even if they can make up for the Mt.Gox, a pressing matter of the moment) restructuring plan has only one chance of success, if the reason is the loss of assets clearly pointed to stealing and hacking, in this case Karples argued that they can solve this problem and start again. But given the investigation for several months, they have decided to give up and submit a liquidation plan, means that the actual situation is not so, but more likely is the emergence of the gross negligence of their business (no integrity check and reconciliation system will pay attention to the process for several months, the number of coins in the last few loss etc.). In view of this situation, you have to admit that all creditors will be able to make up for the current management mechanism in Mt.Gox under OK, which is not very practical. The only choice is to liquidate or acquisition (and changing management).
There are two choices about buyout negotiating table, one is the acquisition of SunLot group provides 1BTC price, there is no details, supporters have not disclosed. The content of Quora in the buyout plan another topic mentioned (which requires several pages to explain) but simply relates to creditors into shares, and then in the form of dividends from benefits from the new exchange profits to repay shareholders regularly. All the existing management organization of course will conduct a thorough shake.
In fact, there is something more than $five hundred million worth of emergency deficit (which is all people can see on the news), that is active in the BTC account before thousands of transactions, as well as the potential market volume and guidance for. Most people will simply feel when Gox after the collapse of these active traders in other places to open an account and then continue to trade, but the simple comparison can be Gox events before and after the active trading volume, exchange and other incremental before trading volume is not perfect, Mt.Gox. The reason is very simple, if you have dozens, hundreds or thousands of dollars is frozen, you can’t just give up. They then switched to another double exchange. So the failure of Gox BTC led to a lot of game player’s departure. Some people will say that if a permanent settlement occurs, all losses will cash. This is a bad effect on the overall momentum of bitcoin.
The silence of the traders, although slowly being transferred to other exchanges, may still be immediately and completely gathered to exchange the Mt.Gox succession.
It is worth a try (and frankly, SunLot 1BTC offers fully covered by this fact).
The positive effect of this matter is still possible, it will display the bitcoin community can recover by itself, without any regulators and the central bank to help.