Bitcoin Forum

Economy => Service Discussion => Topic started by: oyvinds on March 20, 2014, 05:51:14 PM



Title: MtGox has announced they "found" 200k BTC (we all knew already, didn't we)
Post by: oyvinds on March 20, 2014, 05:51:14 PM
those 200k BTC that went through the MtGox API and everybody assumed they had.. well, apparently MtGox has now announced that they are in fact in control of the coinz.

http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci

A leading trading site management company "bit coin (BTC = Bitcoin)" virtual currency on the Internet, the 20th, I had described the company has lost the bankruptcy in February "Mount Ngoc, Inc." The (Tokyo) Of the approximately 850,000 BTC, has announced about 200,000 BTC  has left.

---

This raises an interesting question.

Assets in BTC / debt in BTC

is not equal to

Assets in fiat / debt in fiat

which means that MtGox may be forced to sell that BTC in order to threat all creditors equal.


Title: Re: MtGox has announced they "found" 200k BTC (we all knew already, didn't we)
Post by: WhatTheGox on March 20, 2014, 06:13:26 PM

This raises an interesting question.

Assets in BTC / debt in BTC

is not equal to

Assets in fiat / debt in fiat

which means that MtGox may be forced to sell that BTC in order to threat all creditors equal.

they have half the fiat?

& 25% of BTC ?

they need to buy more BTC to treat creditors equal


Title: Re: MtGox has announced they "found" 200k BTC (we all knew already, didn't we)
Post by: V4Vendettas on March 21, 2014, 12:35:22 AM
Be nice if gox would let its customers know if this is the case or just some more crazy news reporting.


Title: Re: MtGox has announced they "found" 200k BTC (we all knew already, didn't we)
Post by: ajw7989 on March 21, 2014, 12:48:09 AM
well this is good news hopefully they will do the right thing and refund the customers. I am not sure if they are legally responsible to refund customers because didnt they declare bankruptcy not sure on all the laws.