Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19236. (Read 26608252 times)
February 21, 2016, 04:56:30 PM
its nice to see that the price is holding right now even after the growth, i actually did not think it will be that stable
February 21, 2016, 04:44:09 PM
All the income in the gox data above is listed as JPY. Does that mean they've already liquidated any BTC, that the BTC hasn't been sold but is still listed at the current exchange rate, or that the BTC isn't included in these numbers?
AFAIK no MtGox bitcoins (of the remaining 202k) have been auctioned yet. For distribution, the rate is 1 Bitcoin = USD483 = JPY50,058.12
ah thats what i vaguely remember... poeple could choose to get there fiat balances in bitcoin at the rate of 483$
which at the time seemed ODD because price was well below this rate. as if they had sold off higher up in order to be able to offer a such a good rate.
February 21, 2016, 04:40:15 PM
All the income in the gox data above is listed as JPY. Does that mean they've already liquidated any BTC, that the BTC hasn't been sold but is still listed at the current exchange rate, or that the BTC isn't included in these numbers?
AFAIK no MtGox bitcoins (of the remaining 202k) have been auctioned yet. For distribution, the rate is 1 Bitcoin = USD483 = JPY50,058.12
February 21, 2016, 04:38:04 PM
Woah. That's some substantial expenditure. Does anyone know if the bitcoins recovered are also being shared between people who lost USD, JPY and other currencies? I haven't seen any mention of any of that money being clawed back.
i do have a vague memory of them saying they had liquidated some of the coins to cover the fiat claims, they managed to avg a price of ~500, as tho they sold a few months after the collapse..
not sure if this is at all accurate, i read ( or day dreamed? ) this somewhere months ago, . i do remember thinking "wow how did they manage >500$ / BTC" when i read this price was 300-400ish.
February 21, 2016, 04:17:34 PM
All the income in the gox data above is listed as JPY. Does that mean they've already liquidated any BTC, that the BTC hasn't been sold but is still listed at the current exchange rate, or that the BTC isn't included in these numbers?
i think the 200.000 are still untouched. they had some fiat so maybe they started with that.
February 21, 2016, 04:12:05 PM
All the income in the gox data above is listed as JPY. Does that mean they've already liquidated any BTC, that the BTC hasn't been sold but is still listed at the current exchange rate, or that the BTC isn't included in these numbers?
February 21, 2016, 04:02:29 PM
Opened my long 8 seconds too late :/
February 21, 2016, 04:00:50 PM
February 21, 2016, 03:45:11 PM
Whatever proportion of the money has been eaten by lawyers must be substantial judging by those figures.
its basically 1/9th of the overall amount.
1.200.000.000 yen = 10mio US$
200.000 BTC * 440 US$ =88mio US$
that means 1/9th have been eaten so far. thats ok with me.
not counting the fiat they had at the moment of bankruptcy...
February 21, 2016, 03:29:15 PM
Woah. That's some substantial expenditure. Does anyone know if the bitcoins recovered are also being shared between people who lost USD, JPY and other currencies? I haven't seen any mention of any of that money being clawed back.
February 21, 2016, 03:25:59 PM
Isn't number 11 his cat?
February 21, 2016, 03:22:31 PM
The lawyers fees have eaten away a quarter of the funds already and they are stretching their investigation out forever. After the final lawyers fee has been paid there will probably only be enough left to buy a bag of jelly beans. What can you buy with the price of the one jelly bean each person will probably get back?
I sure hope that ain't the case. Is that documented somewhere? Surely there are some type of rules about how much ends up in admin pockets?
I might have got my maths wrong, I only skimmed the document, but you can read the latest report for the creditors here. The expenses are on the last pages of that document, you have to scroll to the bottom to find them.
https://www.mtgox.com/img/pdf/20160217_report.pdf
Whatever proportion of the money has been eaten by lawyers must be substantial judging by those figures.
February 21, 2016, 03:16:49 PM
The lawyers fees have eaten away a quarter of the funds already and they are stretching their investigation out forever. After the final lawyers fee has been paid there will probably only be enough left to buy a bag of jelly beans. What can you buy with the price of the one jelly bean each person will probably get back?
I sure hope that ain't the case. Is that documented somewhere? Surely there are some type of rules about how much ends up in admin pockets?
Yes, but the rules are written by lawyers. Most of those coins will be sold off to pay the lawyers, who have an incentive to charge as many administrative fees as possible. It's like having a silk road auction series all over again. Bearish.
February 21, 2016, 03:13:04 PM
The lawyers fees have eaten away a quarter of the funds already and they are stretching their investigation out forever. After the final lawyers fee has been paid there will probably only be enough left to buy a bag of jelly beans. What can you buy with the price of the one jelly bean each person will probably get back?
I sure hope that ain't the case. Is that documented somewhere? Surely there are some type of rules about how much ends up in admin pockets?
Now that deserves a whole box of donuts.
February 21, 2016, 03:10:21 PM
The lawyers fees have eaten away a quarter of the funds already and they are stretching their investigation out forever. After the final lawyers fee has been paid there will probably only be enough left to buy a bag of jelly beans. What can you buy with the price of the one jelly bean each person will probably get back?
I sure hope that ain't the case. Is that documented somewhere? Surely there are some type of rules about how much ends up in admin pockets?
February 21, 2016, 03:05:47 PM
Talking of Gox, is there anyone here who's in line for a payout? If you are then what are you gonna do when it arrives?
The lawyers fees have eaten away a quarter of the funds already and they are stretching their investigation out forever. After the final lawyers fee has been paid there will probably only be enough left to buy a bag of jelly beans. What can you buy with the price of the one jelly bean each person will probably get back?
February 21, 2016, 03:04:41 PM
http://bitcoinist.net/core-devs-and-classic-adopters-alike-disagree-with-roundtable-resolutions/
Do you think this article has been translated into Chinese yet?
Do you think this article has been translated into Chinese yet?
February 21, 2016, 03:00:51 PM
February 21, 2016, 03:00:33 PM
One of my snarky comments just won me a donut on Reddit. Why don't you people ever reward my efforts with dessert foods? 
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