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If I had to guess? "Oh God we're so overwhelmed..."
by gkoberger 14y ago
If I had to guess?
"Oh God we're so overwhelmed..."
- rdl 14y agoIt wouldn't be a bad idea IFF there were rev-share. If MtGox made $x/yr for their customers now, servicing the US ones badly, selling the US market to a better-capitalized, better-operated US entity might make them more money. In a rapidly growing market like bitcoin, selling their entire future earning potential without revshare would be pretty silly, though.
- wmf 14y agoIt's a 60% MtGox / 40% CoinLab rev share for existing customers according to the contract. But by my reading it also says that MtGox will continue to (badly) operate the exchange, so I'm not sure what the point is. Maybe they think improved regulatory compliance is worth giving up 40%.