Topic: MtGox withdrawal delays [Gathering] - page 54. (Read 908727 times)
Here ( https://www.mtgox.com/img/pdf/20140228-announcement_eng.pdf ) MtGox recognizes its assets, before the appearance 200.000BTC. This also they will have to distribute among creditors (all of us). That means they have to pay back about 60% of the deposit to us. I think it should be so. Right?
The FNAQ got better and there is some useful info this time.
Final fact is... wait... wait... wait... wait... then get paid "something".
Let s see... 25% of the previous BTC (200K) at half the original price (500) will result in.. 12.5%.... Take away lawyers part... 5% for da_pipl ;-) .....10, if we re very lucky. In USD. In BTC, it would be around 10 to 20% the BTC one had at closing (but I guess notice makes it clear they will convert and pay fiat...) Ah, all this for those with 100% clean records @ shitten Gox =:-)
About the fat rat, he is not a human target yet, just due to upcoming further investigation about "stolen" BTC... But will.
Final fact is... wait... wait... wait... wait... then get paid "something".
Let s see... 25% of the previous BTC (200K) at half the original price (500) will result in.. 12.5%.... Take away lawyers part... 5% for da_pipl ;-) .....10, if we re very lucky. In USD. In BTC, it would be around 10 to 20% the BTC one had at closing (but I guess notice makes it clear they will convert and pay fiat...) Ah, all this for those with 100% clean records @ shitten Gox =:-)
About the fat rat, he is not a human target yet, just due to upcoming further investigation about "stolen" BTC... But will.
So may ia ask what is your thoughts is goint to happen after today update: https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf
Do you think Karpeles is going to be spending BTC in some hidden island or something?
Do you think we are going to get back our BTC and FIAT? or nothing?
What do you think?
Do you think Karpeles is going to be spending BTC in some hidden island or something?
Do you think we are going to get back our BTC and FIAT? or nothing?
What do you think?
In fact, that is more a FNAQ - Frequently Not Answered Questions.
And da_fat_rat will fly away with a full btc stuffed ass... :-/
(leave something for the lawyers and it s all set; fuck the creditors)
And da_fat_rat will fly away with a full btc stuffed ass... :-/
(leave something for the lawyers and it s all set; fuck the creditors)
- the bitcoin balances are converted to fiat balances based on the last gox echange rate of 138 $/BTC
This only if the liquidators are either incredibly dumb, since that value is obviously not the real market value of that time.If they are even remotely sane they would use either the market value of a sane exchange before mtgox closed down withdrawals, or they would use current price.
So, what does it mean for Gox[ed] users?
They also have two new documents in mtgox.com itself. Q&A was reasonably good giving at least indication that Provisional Administrator is a professional. Which is good thing since he is now administer of mtgox assets.
I tried, in 0.9.1 updates thread.
http://www.bloomberg.com/news/2014-04-11/nsa-said-to-have-used-heartbleed-bug-exposing-consumers.html
http://www.bloomberg.com/news/2014-04-11/nsa-said-to-have-used-heartbleed-bug-exposing-consumers.html
I can't believe nobody tried to come up with a new Mt.Gox theory based on the infamous OpenSSL bug yet. May be people are forgetting about Gox already.
The proposed "buyout" is a lousy deal. Putting in a tough trustee, kicking Karpeles out, and aggressive investigation into where the money went is more promising. The creditors haven't had a look at the company's records yet, or the supervisor's investigation report.
Mt. Gox supposedly has identity info on everyone who received double payments due to "transaction malleability". So clawbacks should be possible. Maybe criminal prosecutions.
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
Mt. Gox supposedly has identity info on everyone who received double payments due to "transaction malleability". So clawbacks should be possible. Maybe criminal prosecutions.
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
I am not familiar with Japanese routines.
When do they usually release information to the public in cases like this?
Only after the case is completely closed (or well after) or as soon as possible?
The Japanese "civil rehabilitation" option is built on the assumption that the biggest creditor is a bank, able to manage bankrupt debtors. That doesn't really apply here.
The proposed "buyout" is a lousy deal. Putting in a tough trustee, kicking Karpeles out, and aggressive investigation into where the money went is more promising. The creditors haven't had a look at the company's records yet, or the supervisor's investigation report.
Mt. Gox supposedly has identity info on everyone who received double payments due to "transaction malleability". So clawbacks should be possible. Maybe criminal prosecutions.
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
Mt. Gox supposedly has identity info on everyone who received double payments due to "transaction malleability". So clawbacks should be possible. Maybe criminal prosecutions.
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
I am not familiar with Japanese routines.
When do they usually release information to the public in cases like this?
Only after the case is completely closed (or well after) or as soon as possible?
And Bistamp users coming soon together with MtGox
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
That's probably true, but what should we do? I live in Germany. The German law knows no class actions.
The proposed "buyout" is a lousy deal. Putting in a tough trustee, kicking Karpeles out, and aggressive investigation into where the money went is more promising. The creditors haven't had a look at the company's records yet, or the supervisor's investigation report.
Mt. Gox supposedly has identity info on everyone who received double payments due to "transaction malleability". So clawbacks should be possible. Maybe criminal prosecutions.
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
Mt. Gox supposedly has identity info on everyone who received double payments due to "transaction malleability". So clawbacks should be possible. Maybe criminal prosecutions.
Remember, if you have big bucks stuck in Mt. Gox and don't have a lawyer representing you in the Tokyo District Court, you don't get to affect the outcome.
Still nothing new on the great goxster eh...?
http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
Get ~20% back -> I would not choose this myself from these options but it's still infinitely better than nothing and I am sure some people would prefer this one (and even be happy about it).
obtain an equity stake of that amount -> Sounds better. But why not for the full amount? I would be a happy man if I got a share for the full amount of BTC I had there. But I don't like the 80% cut if I am willing to participate in a long term and high risk investment like this (the actual net return could prove to be significantly less than 20% and you definitely wait more time for that uncertain amount...).
set aside 50% of transaction fees -> 80-90% would sound a lot better. Why can't these people wait until their exchange is 100% dept-free before they start pulling out some profit?
The exchange is not re-started for free. There are loads of legal, office, administration, hardware, software, time costs which probably would eat up a chunk of any fiat or bitcoins recovered before a single exchange order can take place. It's not unreasonable for that to be recovered at the start instead of a long time later.
Yes, it can certainly look like a very reasonable thing from this point of view.
However, I don't think these are the kind of people who need to worry about how to pay their monthly phone bills.
They pay nothing for Karpeles and his Gay friend (other than that symbolic 1 BTC), so this reboot cost would be their only real investment into the new company. And I am sure that my share percentage in the company would be calculated against a significantly higher imaginary value than this reboot cost (it will probably be all the missing+remaining assets). So, it wouldn't be really fair even if they used my whole balance. But I would be still glad if they did. Not so happy if they count 20% only.
They need to please a lot of people in the early days if they want to succeed! They could start that here: offer a share for the full amount and dedicate 100% of the profits for paying debts first.
When everybody is happy and all debts are paid, they can still take profit. Or they can piss of everybody and never take any profit.
http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
Get ~20% back -> I would not choose this myself from these options but it's still infinitely better than nothing and I am sure some people would prefer this one (and even be happy about it).
obtain an equity stake of that amount -> Sounds better. But why not for the full amount? I would be a happy man if I got a share for the full amount of BTC I had there. But I don't like the 80% cut if I am willing to participate in a long term and high risk investment like this (the actual net return could prove to be significantly less than 20% and you definitely wait more time for that uncertain amount...).
set aside 50% of transaction fees -> 80-90% would sound a lot better. Why can't these people wait until their exchange is 100% dept-free before they start pulling out some profit?
The exchange is not re-started for free. There are loads of legal, office, administration, hardware, software, time costs which probably would eat up a chunk of any fiat or bitcoins recovered before a single exchange order can take place. It's not unreasonable for that to be recovered at the start instead of a long time later.
http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
My theoretical reactions to these theoretical options (I don't believe any of this will actually happen):
Get ~20% back -> I would not choose this myself from these options but it's still infinitely better than nothing and I am sure some people would prefer this one (and even be happy about it).
obtain an equity stake of that amount -> Sounds better. But why not for the full amount? I would be a happy man if I got a share for the full amount of BTC I had there. But I don't like the 80% cut if I am willing to participate in a long term and high risk investment like this (the actual net return could prove to be significantly less than 20% and you can definitely wait years for that uncertain amount...).
set aside 50% of transaction fees -> 80-90% would sound a lot better. Why can't these people wait until their exchange is 100% debt-free before they start pulling out some profit?
yep, if they were to say they intend to pay back the full amount I would promote them - if not, I would bash them til they crash and burn.
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