Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27791. (Read 26710592 times)

Well, how much dividend will the MtGOX 2.0 shares pay per year, as percentage of investment?  

There is no way of estimating how much trade they would get.  Why would people trade there rather than at Bitstamp or other exchanges?  Why would people trust their dollars and bitcoins to people who have an even more, er, peculiar past than Mark?

The motivations of the Sunlot team could be all or any of (1) get their hands on those 200'000 BTC with no legally binding commitment to returning them to clients; (2) let Mr. Gay-Bouchery and Mr. Karpelès get away, free and rich; (3) make sure that the assets are distributed according to the (bogus?) balances in Mark's database rather than actual deposits minus withdrawals; (5) pre-empt a police investigation that could find the real culprits for the theft; (5) earn points for the afterlife and a boy-scout medal by helping poor MtGOX clients to recoup a little more of their loss than they would through liquidation.  Have a guess...

EDIT: as for Apple, I don't know currently, but until some years ago they reinvested most of their profits into factories, shops and such; so stockholders got their returns through the increased value of their shares rather than dividends.  Even if  the MtGOX2.0 shares are real equity (rather than the "profit-only shares" of Neo&Bee), the company will have negligible assets of its own, so shares are unlikely to grow in value.

I don't see what's annoying about that, it can make someone look quite silly though when the market proves them wrong. Also bears do the same thing sometimes, I can distinctly remember someone talking about ''no more triple digits in 2013'' in June last year.

I was joking. But see how annoying it is when people make statements like that?  You never hear that from bears only from bulls.

That's why people weren't sure what I meant.

Explanation

+1

This hole sunlot/mtgox story/scam reminds me of bitmarket.eu/bitalo.

Scammers kill/hack the exchange and take it over afterwards. They present themselves to the public as heros, rescuers and philanthropists.

Of course they have the cheerleaders ready on forums like this one.

I am only wondering, why all the bitcoin-media is not covering the shady history of this Brock Pierce guy.

no.

apple isnt about to grow 5x

apple pays out about 1% a year in dividends

so it would probably take like 50-90years.

$BTC rally to 500>700ish imho.....easy !!! 

That is just spin.  They propose to give back (say) 10% of the assets and force clients to invest the other 10% into MtGOX2.0, and will count their share of whatever profit that MtGOX2.0 may make as the payment of the other 90%.  Why is that better than giving clients the full 20%, so that they can invest those same 10% into Apple stock instead?  The clients will surely recover their 90% back much faster this way.

bullish!!!1

 

Explanation

The problem is that the court would make this decision for the customers - and apparently few were consulted and truly support Gox 2.0

But.. but.. but they are the ones keeping the price up  
 

I'm guessing with the Sunlot plan, the clients have a small chance to get back their entire account. At least in a long time. And that is probably better than getting back only 20% or less (zero according to some here)

I don't think that any court would find that reasonable.  Even if they viewed bitcoin as currency, rather than property, they would rather convert all assets to the national legal currency at current market rates, then pay the creditors in that currency according to the currency value of their claim.  They would see it as unjustified complication to return debts in different currencies. (Just think of how bitcoin payments would be recorded in the liquidation proceedings.) If an euro is worth 300 yen now, why would a creditor be unhappy to get 300 yen instead of an euro?  If a creditor is due 10'000$ for 100 kg of fish delivered to MtGOX, should the liquidator be obliged to give him back 20 kg of fish instead of 2000$?

But that comment is about another question, that makes a LOT of difference. Suppose that clients X and Y deposited 100 BTC each when the price was 10$, client Z deposited 100 BTC when the price was 1000$, and then client X (only) traded inside MtGOX until he had 300 BTC, and withdrew 100 BTC when the price was 1000$, leaving 200 BTC in the exchange.  Under the "final MtGOX account balance" interpretation, with current price 500$, their claims would be

  X = 200 BTC x 500 = 100'000 $
  Y = 100 BTC x 500 = 50'000 $
  Z = 100 BTC x 500 = 50'000 $

so X would get twice as much refund as Y or Z.  On the other hand, under the US law interpretation as described in that post, their claims would be:

  X = 100 BTC x 10, minus 100 BTC x 1000 = minus 99'000$ = lucky bastard, no claim.
  Y = 100 BTC x 10 = 1000 $
  Z = 100 BTC x 1000 = 100'000 $

so X would get nothing, and Z would get 100 times as much as Y.

So THAT is one big difference between the Sunlot plan and liquidation.

A liquidation would return to the clients some amount X that they can invest any way they like, including in MtGOX 2.0 if they want to.  The Sunlot plan would return them less than X and force them to invest the remainder in MtGOX 2.0, with no option to get out.  I still don't see how this can be better than that.

Huobi is being a bitch. We dont like bitches.

"They see us rollin, they hatin"
-Bitstamp 2014.

Explanation

They show up but they don't save the day, they just get cheap coins

I am...I do the gravity  dance since hours !

And finally we start doing it. People not bothering with their fake volumes and their 100 bans per day.

omg - huobi dropping & nobody even watching