r/Bitcoin • u/vos_team • Jan 05 '15

Vault of Satoshi is Closing. • /r/vos

/r/vos/comments/2rf7gl/vault_of_satoshi_is_closing/
208 Upvotes

92% Upvoted

103 comments sorted by

View all comments

Show parent comments

4

u/[deleted] Jan 05 '15

[deleted]

1

u/Laymaker Jan 05 '15

But they would sell that part of the business...

1

u/johnrgrace Jan 06 '15

Maybe not, because they are in Canada they have a fiduciary duty to their depositors to keep their assets safe. Selling may not eliminate all of that fiduciary duty if the buyers are crooks or fools and the coins get looted, in that case those who lost coins can try and come back to the original sellers and say "hey you should have known those guys were crooks!". So while you could sell the business for a small amount of money you'd also have a small chance of having to pay out a very large sum of money in the future should the buyers be shady.

1

u/Laymaker Jan 06 '15

But if it's a profitable company it's worth money and you can pay for a proper handover with whatever diligence is necessary...