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[08:36] <SuSEno> Shaded: How serious is Sunlot Holdings to rebuild Mt Gox ?
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[08:39] <Shaded> Hey SuSEno!
[08:40] <Shaded> SuSEno: I used to work for Coinabul. I left when they got shitty.
[08:40] <Shaded> Sunlot is currently assembling a team to create a new exchange. Bidding on Mt. Gox is a way to create goodwill in the community and help give back to Bitcoin.
[08:41] <Shaded> The plan is as follows: 1: Stop liquidation.
[08:41] <Shaded> 2: Audit and give everyone their money back
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[08:41] <Shaded> 3: Launch and run a new exchange with possible profit sharing options
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[08:43] <Chillance> Shaded: wait, are you involved in rebuilding?
[08:43] <sz4dy> Shaded: whats the chance of success ?
[08:44] <Shaded> sz4dy: 41.1222234%
[08:44] <sz4dy> Shaded: sounds legit ;)
[08:44] <Shaded> I don't have an exact number for you, but anything is better than nothing.
[08:45] <Shaded> Chillance: I am part of the SaveGox team
[08:45] <sz4dy> can You prove it somehow?
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[08:46] <Chillance> Shaded: hey, cool. I just "signed up" there
[08:46] <Shaded> Thanks! :D
[08:46] <Shaded> sz4dy: Prove my participation?
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[08:46] <Chillance> what are you guys doing to convince the judges?
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[08:47] <Shaded> Oh lord
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[08:47] <Shaded> Do I need to list all the ways?
[08:47] <Chillance> nah, just so I know you are working on it :)
[08:47] <Shaded> The main thing is savegox.com, we're proving creditors are interested in the plan
[08:47] <Shaded> Brock is flying every which way to meet with anyone remotely involved
[08:48] <Chillance> yes, but then they probably need someone to show investment in it too?
[08:48] <Shaded> John is assembling a team to actually launch a competent exchange
[08:48] <Chillance> you should really sync up with anarchystar then
[08:48] <Shaded> What do you mean by that?
[08:48] <Shaded> I am in talks with him
[08:48] <Chillance> although I dont mind more exchanges
[08:49] <Chillance> but only one can be using the real db I suppose
[08:49] <SuSEno> Shaded: is there any of your SaveGox team in Japan now?
[08:49] <sz4dy> how can we know You don't want to do the same thing as anarchystar.. advertise new exchange among us and at the end offer shity 10% of fees as a charity
[08:49] <Chillance> also, Im not sure if more exchanges helping gox users is good or bad.. could be too polluted
[08:49] <Shaded> SuSEno: I can ask, I know we'll have a couple folks in there later this week
[08:50] <Shaded> sz4dy: We will give back every single coin first. We will not touch a single customer coin for operations or legal fees.
[08:50] <Chillance> and by intestement I mean that maybe the judges want to see not only dedication, but also that you wont use up our btc
[08:51] <Shaded> Chillance: More exchanges will get eaten by the network effect.
[08:51] <Shaded> Chillance: That's coming ;) Can't ruin all the surprises now can I?
[08:51] <Chillance> :)
[08:51] <Chillance> what are you and anarchystar talking about then?
[08:51] <Chillance> as you seem to be doing the same thing
[08:51] <Shaded> He wants liquidation
[08:52] <Shaded> We don't want to send a single gox coin through Japanese courts
[08:52] <Chillance> ah, yea, not sure whyh
[08:52] <SuSEno> Shaded: sz4dy: We will give back every single coin first. We will not touch a single customer coin for operations or legal fees. <-- also please don't touch bank accounts that hold customer fiat cash
[08:52] <Chillance> what is he saying about that?
[08:52] <Shaded> Hopefully we can work together. No reason to split the community apart.
[08:52] <Chillance> agree
[08:52] <Shaded> SuSEno: That too. Customer funds.
[08:52] <SuSEno> Good
[08:53] <Chillance> now, what would happen if you both run 2 different exchanges... that would be interesteing, people get money back at 2 places
[08:53] <Chillance> ?
[08:53] <Shaded> Hey, you guys need as much charity as you can get. I'll support 5 exchanges.
[08:53] <Shaded> We're all working towards the same goal.
[08:54] <Chillance> would be funny if gox users got back more then if more exchanges did the same thing.. unless you guys sync up money payed back
[08:54] <Shaded> The current issue at hand is whether the courts will liquidate or give Brock and the team a chance.
[08:54] <Chillance> Im all for some kind of restart
[08:54] <Chillance> better wait and get it back, than 20% now
[08:55] <Chillance> anarchystars way.. well, not sure what he had in mind.. get 20% to all users, and then run his site to help with the rest?
[08:56] * Shaded shrugs
[08:56] <Shaded> Still need to talk with him
[08:56] <Chillance> yea, I cant get hold of him
[08:57] <Shaded> We jousted today, I'm sure I'll catch him tomorrow :P
[08:57] <SuSEno> Yes you need to talk with anarchystar more
[08:57] <Chillance> besides, Im pretty sure, liquidation means much less than 20%, and who knows what they will do with the btc.. sell it is just not right
[08:57] <PySpace> Shaded: how many people are participating in savegox ? rough estimate in people/btc/fiat ?
[08:57] <SuSEno> By the way, here is the chat log (Q&A way) between Shaded and anarchystar http://pastebin.com/6wtDBuvT
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[09:00] <PySpace> savegox == insiders ?
[09:01] <SuSEno> PySpace: That's what anarchystar thinks
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[09:02] <@Tiraspol> lol
[09:02] <SuSEno> Shaded: Anyway, imo you guys from Sunlot Holdings are little bit late now. Why don't you bid MtGox earlier?
[09:04] <Chillance> well, that log sounds like Shaded and anarchystar still has stuff to sort out
[09:05] <Hugo2> SuSEno: I think they did but the judge rejected it, which is interesting in its own.
[09:05] <@Tiraspol> Chillance what exactly needs to be sorted?
[09:06] <Shaded> SuSEno: We've been in talks for two months.
[09:06] <Chillance> no trust
[09:06] <Shaded> Actually longer.
[09:06] <Shaded> PySpace: 70% of creditors
[09:07] <Chillance> Shaded: you are waiting to get mtgox data to go on with what you are working with, or you have started something in the meantime already anyway?
[09:07] <Chillance> I mean, rebuilding an exchange takes some time to do properly
[09:08] <Chillance> unless you hired Mark, lol
[09:09] <Hugo2> Chillance: mark is a visionary
[09:10] <Shaded> Chillance: The actual exchange? More or less done.
[09:10] <Shaded> Like I said, we've been at this awhile.
[09:10] <Chillance> ah, cool
[09:10] <Chillance> anything I can help out with?
[09:10] <Chillance> testing it?
[09:10] <Shaded> PySpace: Do I sound like an insider?
[09:11] <Shaded> Chillance: Not yet, dealing with the courts is first on the plate
[09:12] <Chillance> damn, that is boring... will take forever.. or wait, 9th of may?
[09:15] <Chillance> Shaded: btw, why are you guys doing this?
[09:16] <@Tiraspol> Chillance: http://letstalkbitcoin.com/ltb102-savegox-and-the-show-floor/
[09:16] <@Tiraspol> Minute 57:00 +
[09:16] <Shaded> Chillance: I'm doing it because I love the Bitcoin community
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[09:17] <Shaded> Brock and John and all of them are all invested in the Bitcoin community and want to see it succeed. We're in a place to help you guys, so we're doing it.
[09:18] <Chillance> yea, sounds like its coming with right intentions
[09:18] <Hugo2> Shaded: its ok to say you guys also think its a good oportunity to profit. I personally trust someone in a business relationship when I know they have some motivation other than helping me
[09:18] <Shaded> Yup, it's a good will gesture.
[09:18] <Shaded> An exchange was in the works anyways.
[09:19] <Shaded> Win win for everyone.
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[09:20] <Chillance> well, I dont mind they making a profit.. eventually :)
[09:20] <Chillance> as a business you have to anyway
[09:20] <Dr-G2> will there be a haircut to the debt or will the 50% go on till it's payed back?
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[09:20] <Dr-G2> if it happens lol
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[09:21] <Shaded> Not sure
[09:21] <Chillance> wait, you are doing 50% of the earnings?
[09:22] <Dr-G2> they are thinking about it I guess
[09:22] <Shaded> The % isn't set yet
[09:22] <Shaded> The terms aren't either
[09:22] <Shaded> We'll have more information this week on the revised plan
[09:22] <Chillance> well, anything is better than a liquidation plan
[09:23] <Chillance> Shaded: when do you expect to be starting this whole thing?
[09:24] <Shaded> Soon.
[09:24] <Chillance> I mean, for the public
[09:24] <Shaded> Starting the exchange?
[09:24] <Chillance> yea
[09:24] <Shaded> Soon.
[09:24] <Shaded> No set dates yet unfortunately though
[09:24] <Chillance> Mark "soon", or normal "soon"?`:P
[09:25] <Shaded> We'll also be adding Litecoin deposits \s
[09:25] <Shaded> Not holding a grudge or anything
[09:25] <Shaded> Not that I didn't ask for Dogecoin deposits months ago
[09:25] * Shaded twitches
[09:26] <Shaded> Normal soon
[09:26] <Chillance> btw, the exchange will work with fiat too?
[09:26] <Shaded> I'd guess so.
[09:27] <Chillance> not sure multisig.com was supposed to.. in the beginning.. which might be little odd for some
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[09:36] <Shaded> Hey Lao_Ban_, people were calling for you earlier.
[09:36] <Shaded> Oh darn
[09:42] <Shaded> Well, I'm off for the night
[09:42] <Shaded> Good night folks.
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