It's 10,000% not 10,000x!
So if you had 100 you get 10 000, not 1 000 000!
Yeah, it was a typo, thanks for pointing that out.
Also, that's the price of BTC, since they will not be getting all their coins back, estimations are at 21%, so in fiat terms, it will be more like 2,000%,
so 20x, if you were to throw in a 33% inflation, that's final gains of 1500% or 15x.
Good calculation and as we see, it is a profit for the many since I think most of these people could have sold their BTC for less than$1000 - $2000.
With this thing happening, I believe the Mt. Gox hack after the authority recovered the fund became a blessing in disguise for victims who exercise patience. Your thought?
I wouldn't consider this a blessing in disguise, it's more like torture. Because over the past 10 years, the victims have had to endure so many hardships and humiliations, some even lost their lives because of this, how can it be called a blessing?
I don't deny that Mt.gox has returned BTC and many people are making profits based on the current bitcoin price and maybe it is the profit that many people dream of. But is that worth it and enough to compensate those who have waited for the past 10 years? And in those 10 years, just because of the collapse of Mt.gox, many people lost their homes, many people lost their families, lost their futures and even lost their lives. Is the compensation now worth it and considered a blessing? If someone thinks this is a blessing, it means they agree and support the idea that exchanges should continue to collapse as Mt.gox did.
Not to mention I'm wondering, how many victims of that year's incident are still following the incident and know about this news, and how many people have received the bitcoins refunded by Mt.gox. Personally, I don't believe in the numbers they give in the near future.
Of course the term blessing in disguise is not applicable to all victim since many had already sold their rights, some had committed suicide but as I stated, for those who exercise patience, their supposed to be lost fund from hacking will be delivered to them although not in full but still brings much profit.
I’m not sure that I feel blessed by this mtgox nonsense for so long. Honestly I just want to get it behind me. It is a nice chunk of change though. I think I had around $7,500 on mtgox when they went under and now I’m getting around $150K back (supposedly) around 10 years later. Sure, it’s hard to complain about, but this has dragged on for a decade…
I feel you, I saw the news and lots of emotion during the collapse of Mt. Gox, I really feel sorry for the victims that time especially those who were caught empty-handed, and those who took their lives of bankruptcy due to the said collapse. It has been stressful, yes, since it took a decade but at the end of the tunnel, those who does not give up still possibly get rewarded with more than what they had invested in fiat equivalent during those time. I am not in the position to say that it is enough for the troubles, I am only looking at it objectively from a point of fiat equivalent during the time of investment and fiat equivalent on the scheduled distribution.
