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 management, not even the name. Call it anything. the idea would be to maintain the account balances. Take the data , put together a transparent secure exchange and run it. There is no reason to say i want anyone's account balances dissolved and forgotten, if that is able to be preserved. There are plenty of cheap gox coins for sale right now. A working solution of this idea would be more than enough incentive for some very talented people to get involved. Read more...
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