they have two main choices by the looks of things. the rest goes back to the gox share holders which is indeed mainly mark karpeles. or there's civil rehabilitation where coins go back to the people who deposited them. this seems less likely.

on top of that there's the ongoing lawsuit with coinlab which is claiming a large amount from gox's funds. then you have the russian guy, alexander vinnik, who laundered the coins. maybe something can be recovered from him.

this is the place to get some updates - https://www.reddit.com/r/mtgoxinsolvency/

because they went from 20,000 users to over 1 million in the space of a few months. at least that's what they're saying started these problems.

https://www.cryptopia.co.nz/News check the post from january 6th.

it's now been a few months. volumes are way, way down compared to the peak so in theory they should be getting on top of things now. judging by the volume of complaints these days they're clearly not managing to deal with this stuff successfully.

beyond the failure to nail any support requests they're also doing things like holding back byteball that belongs to their customers.

even if they're not dishonest, their incompetence is bordering on criminal anyway.

if they had half a brain they'd delist all those shitcoins and get to work properly.

what they've sold completely settles the JPY liabilities of the bankruptcy. they now have enough to pay back all of it as it's based on the bitcoin price at the time of the bankruptcy in early 2014.

what's left now is to decide what they're going to do with the rest of the coins. hopefully the remains will go back to the users who lost out.

the method of the sale is really, really strange. they could've found a ton of buyers ready to buy off market. it's very hard to obtain those amounts in any other way.

what i don't understand is how only 40,000 coins can completely crash the market as people have claimed.

it will never happen. it's just too dangerous and impractical to pin a whole economy on something totally beyond control. bitcoin will be a complement to a national currency. replacing it would turn out to be impossible to make a success of. too much instability and uncertainty.

no.

and in what way would it overtake bitcoin? the only way would be market cap which means nothing anyway. they're not in competition. they're completely separate entities with different aims.

most bitcoiners would want less than nothing to do with it. it's five years older than bitcoin but has still achieved absolutely nothing in the real world. PR spin ain't good enough. it's time it shat or got off the pot.

presumably you post a lot in the mining section? i'm not sure i've ever had a post there that wasn't nuked by the moderator.

they certainly do have a future. it may be outside regulated exchanges though. i think anonymous coins will be the sacrifice demanded by regulators for exchanges to continue operating some day. it's a step further than they'll allow.

i hope i'm wrong but it's an easy way for them to erase the issues they keep whining about.

https://coinmarketcap.com/currencies/bitcoin-private/#markets

why would it 10x up from here? the only time that happens is when no one can access it. as soon as they can it's 10x in the other direction without fail.

there will never be a rollout day or a big, glitzy launch day.

it's being worked on by loads of different groups of people. because of that it's gonna sneak out in stages over time. the closest thing there'll be to a big launch is a series of individual launches by the services everyone knows and loves.

no guarantee when that's gonna happen.

https://bitcoin.org/bitcoin.pdf

please locate for me the section that promises absolute anonymity. i'll look forward to reading it because it's currently disguised. all you get is potential privacy but only if you're careful.

'The traditional banking model achieves a level of privacy by limiting access to information to the
parties involved and the trusted third party. The necessity to announce all transactions publicly
precludes this method, but privacy can still be maintained by breaking the flow of information in
another place: by keeping public keys anonymous'

once again, nothing has changed in terms of bitcoin's anonymity since the day it was launched.

in the meantime go reflect on your behavior. you are abusive and puerile.

and why swap accounts to do it?

you, sir, are the 'fuckin' idiot'. nothing has changed since 2009.

satoshi never, ever claimed it was anonymous. it is pseudonymous. if you hadn't noticed bitcoin has always had this blockchain thing. those in the know realise that a publicly viewable blockchain is not ideal for absolute privacy.

maybe you should do a little more reading and start a new account here.

you haven't asked the most important question - mass adopted as what?

if it's mass adoption as a payment method then a crypto will have to be inflationary, not deflationary. no one will ever use something deflationary if they have an alternative and most people do. bitcoin has failed in this regard and everything else deflationary will too.

if it's mass adoption as a store of value then we need better exchanges, clearer positions from regulators and governments and more foolproof ways to store it.

no one cares about power consumption regardless of the use case. that's a problem for the miners and they'll solve it.

it's conceivable. ultimately bitcoin, and especially alts, aren't much more useful than they were in 2013. it's all still nothing but speculation. and don't tell me ethereum is actually useful. it's main 'use case' is as a vehicle for more speculation.

i'm very disappointed that in this day and age it's still possible for 100% useless coins to be valued so high. i thought people had learnt something from previous bubbles. evidently they haven't so they're gonna pay for it.

wut?

bitcoin's anonymity features, or total lack thereof, are unchanged since the satoshi days.

the people involved in tracking stuff have gotten a lot smarter.

as far as i can tell this is just another fork right now. if it thrives then great. i got some for nothing. i'm not holding out for any epic results.

it looks like tradesatoshi is a go and the price is doing the inevitable.

man, there's some strange people out there in alt markets. i simply don't understand who would've been buying these futures when deposits could open up at any moment. as soon as that happens your money goes up in smoke.

it's dead before it even got going. no one is going to go for it in its current form. it's an instant turn off. the fact you have to pay 8 bucks to total strangers each time and it may not even work is laughable.

even if you wanted to dump you would actually be paying to dump it by the time you paid for the ID and trade and withdrawal fees.

if it was glued to an existing system that had already ID'd people then it would work. exchanges are the easiest way. useless for onboarding real people of course. social media accounts is the next one and that should be explored, not this.

seconded. and what are the questions he was asking? i don't really see why anyone should be shocked by falls like this. there doesn't need to be a reason. increased airdropping and the prospect of it ending is more than enough even if there is something sinister and i can't imagine what that is.

then you may as well save yourself the time and throw in the towel right now. no point hanging around a doomed project. set yourself free and leave us all to sink with the ship.

nope. russia has never followed through on anything ever. all they do is threaten and then nothing happens. when someone else wakes up the next day they directly contradict the previous statement.

best ignored.

so all of the trading desks, investment funds, exchanges, payment processors, employees of blockchain companies will all have to throw in the towel and go away because that's what such a law would entail.

somehow i'm not feeling it.