Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27806. (Read 26710350 times)

leverage, loans, or making bad trades over and over so it is greater than 60%.  You can make more than one trade in the market (people in the forum can't seem to understand this concept)

How can you lose your savings if it didnt go to 0 ?

The very worst you could do is lose 60% anything over that is your own fault for trading it. You cant blame the instrument if your a bad trader. This idea that the government needs to protect you from your own investment decisions is comical.

My reading of the Google Translate of the recent "five exchanges agreement" is: they were reprimanded for promoting investment in bitcoin in general and/or bitfund.pe in particular.  (There must be many common folks in China who lost their savings trading bitcoins, and that is bad PR for the government if it does nothing about it.)  Thus, as part of their effort to assuage the government, the exchanges decided to curb their marketiing of bitcoin investment, and in particular pull out of that Summit.

But that data is not public, and only the police can obtain it from the banks themselves.  If Sunlot does the investigation, instead of the police, they will have to trust the MtGOX records, and they can ignore even that information and reach any conclusion that they want.

But why exactly did the Chinese exchanges pull out of the bitcoin summit

I think there are ways to confirm that the accounts were not add up : history of trades and deposits

Another deadline would look as if the Chinese govt doesn't really want to, or is unable to.

The latest rumor is shutdown before 30 June

The latest rumor is shutdown before 30 June

With a deadline or two, of course!

Shutdown without notice is not that high I think, the chance of a shutdown notice being published is very likely imo.

Right.  According to some rumors, one of the largest accounts in the leaked MtGOX database was Mark's.  Will he get his share of the 200'000 too? (in a liquidation, the owners have the lowest priority.)  According to those rumors, other large accounts belonged to close friends of Mark.

By the way, no one knows who leaked that database and whether it is true.   It may have been doctored with the intent of stealing a large part of the remaining coins.

Suppose for example that the sum of all BTC account balances was actually 400'000, and the database was altered by adding another 400'000 to the accounts of certain clients, bringing the total to 800'000 BTC.  If the remaining 200 000 BTC were distributed according to the true database, each ordinary client would get 50% of his balance.  With the faked database, he will get only 25% of his balance, while those special clients would get to split 100'000 BTC that were never theirs.

The only hope to get the truth is through a police investigation.   If Sunlot takes over, no one will ever know what really happened inside MtGOX, and no one will know whether the payments (if any) were fair.

(I actually don't care about whether the clients will lose those 200'000 BTC too to "MtGOX 2.0", but like any sane person I get very upset when I learn that scammers and thieves got away, free and rich.)