How the MtGox Bankruptcy Should Be Resolved

MtGox mainly has 202,185 bitcoins as assets. That’s around $2.23 billion at the time of this writing. Most of the creditors’ claims are for 795,000 bitcoins that users had in their MtGox accounts. There are also some claims in fiat, but they are a very small percentage, so I will just ignore them for this … [Read more…]

“Bitcoin Cash” Trademark

Roger Ver (who used to support Bitcoin and now hates and actively fights it) just angrily ended an interview, flipping the bird to the interviewer. One of the reasons he was angry was the fact that the interviewer didn’t follow his orders to call his new “Bcash” altcoin “Bitcoin cash”. The question of what to … [Read more…]

Reviving MtGox?

Mark Karpeles floated some ideas about resolving the MtGox bankruptcy issue in this blog post on Friday. He thinks that reviving the exchange may be a solution and estimates that $245 million would be enough to do so. This would involve him selling his shares of MtGox to some investor. Or in the alternative, raise … [Read more…]

Ending the MtGox Bankruptcy Procedure

The MtGox bankruptcy procedure is a very special case. That’s because bitcoin prices have risen so much that MtGox now is not only solvent, but if the case proceeds under the rules made for normal, insolvent bankrupts, the bankrupt in this case (Mark Karpeles) will be left with about a billion dollars in bitcoins not … [Read more…]

Trace Mayer’s Remorse Being Late to Bitcoin

Trace Mayer is a well-known Bitcoin commentator and investor. He is mainly publishing his “Bitcoin Knowledge Podcast” right now. His latest price analysis on that Podcast using the relation between present price and 200 days moving average as an indicator makes a lot of sense in my humble view. I recommend listening. I was interested … [Read more…]

Harry 2x

Imagine a book about “Harry” (I have one particular in mind). Imagine that it is leading in the market place, having found billions of fans. Imagine that the copyright has been transferred by the author to some big publishing and film companies. Now imagine they hold a meeting, look at the pleasing state of their … [Read more…]

Bitcoin Theft Directive Proposal

The EU Commission recently proposed a Directive  on combating fraud and counterfeiting of non-cash means of payment. Article 4 (a) would require Member States that the following is punishable as a criminal offence: theft or other unlawful appropriation of a payment instrument; A “payment instrument” is defined in Article 2 (a) as: “payment instrument” means a protected … [Read more…]

“FreeSociety” Anarchist State Project

Roger Ver is now in the business of founding new states. I recall that he was a positive force for Bitcoin a couple of years ago, before moving along to the Bcash altcoin. His current state founding project is called “Free Society”. There is a web address in the .com domain (, and Bitcoinmagazine just … [Read more…]