Quoting from the 22nd April 2015 report, a total of about 1.3 billion yen (over 10 million dollars) is owed by Karpeles to MtGox depositors.
I wasn't sure about the amount. It was 10M then. The critical question is then "Will he give them back?"  |
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Would it be legally possible for Kobayashi to reimburse the MtGox customers in 2 steps?
I mean, Karpeles still has a lot of depositor fiat in his possession, that he has no intention to give back.
The trustee only has 202k BTC and some fiat available, and likely won't be able to get the rest of the fiat from Karpeles anytime soon.
It may take another year or more until some of the fiat that Karpeles loaned to himself could be recovered.
If this is legally provable, I bet Kobayashi won't leave it unnoticed. I mean there's already an order on him returning about $1M back in fiat (which up to date, he didn't) isn't it? But; yes, I think too, this may be the most possible scenario Tzupy.  |
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I filed my claim the day it opened via Kraken. Do you guys really think we will get a single satoshi back from this? I am not holding my breath....
First of, being Goxxed and Vircurexxed (twice), I'm not at all sure that ANY exchange out there is 100% legitimate. The difference with Kraken is the excellent customer support and the fast transaction system (literally hours). I don't know if this will continue as time passes by, or after they incorporate the huge (?) MtGox customer base. Right now, I've put my hopes on them just for one reason. They pay attention on the details on how to run a cryptocoin exchange. The other alternative would've been to run the process myself. Well...  It is extremely irresponsible of Kraken to tell victims that late filings will be accepted, without first asking Kobayashi and getting his explicit approval
Jorge, Dargo works for Kraken. When a statement like that goes out in public that means it automatically risks their image. I'd bet they had inside info since they were the chosen ones from all the exchanges to handle the MtGox case... |
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I too expected some deadline flexibility like Dargo has already posted (thanks for the link btw) but wouldn't bet on a 100% successful claim after 1-2 weeks time. If you're up to it, don't push your luck - it's time to rush. I would again recommend the Kraken site, since it's the best chance we'll get (a fraction) of our bitcoins back.
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Pushed the price up a bit today. My average accumulation price now weights at 0.00219. |
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Please update your lists. Latest additions to The List as of 2015-06-01:qkmqnm
cropmarks
Whore0fBabylon
pleaseexplainagain
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I was just thinking of something else: Is it theoretically possible to get more then 100% back?
(Bitcoin price at $800 (or even higher) and not all Bitcoins claimed due to different kind of reasons).
Theoretically it is possible but why would they pay out more bitcoins? Won't happen. And its almost certain that not all bitcoins will be claimed. If 80% of the balances go unclaimed, or their claims are disqualified for some reason, then the victims who remain in the game could get 100% back. The claim period just closed, correct? If so, then perhaps Kobayashi will issue a note with the statistics. What data and documents were required to submit a claim? For verified members it was a pretty straightforward procedure. It was all automated and required no extra paperwork if you knew/remembered your login info to the original MtGox site. I personally went with my claiming via Kraken. Thought it was better than going all over this as a single owner. |
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What about known trolls? Is the list specifically for sockpuppets or are other people are also included?
I know that Danny has a list of spammers that is also quite huge.
Thanks for asking. There are plenty of lists after the Newbie Jail has been declared dead. The main idea of this one is to narrow down which posts have the following characteristics: 1. Being provocative and/or offensive to others 2. Being irritating by posting inappropriate stuff 3. Being "just noise" within a thread These three rules are narrowing down this List to fewer members. As stated before on this thread, this is an ongoing project which is being revised several times per day. I'm open to suggestions and/or additions and/or removals of a member from the list. |
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I think you're taking the tweet a little bit too seriously  The consequences of somebody getting old. I'm not THAT old, but well...  The "post-apocalyptic wasteland" is a joke, he was probably referring to the fact that some bitcoiners hope for a total collapse of the dollar, of the stock market, of fiat in general and think that everybody would suddenly buy a ultravolatile, ultrarisky, not-really-scalable experimental digital version of gold as a consequence If the fiat system collapses, BTC will be the last thing people are gonna think of. If BTC is ever gonna survive and succeed, it's definitely not as a replacement of fiat, that's just delusional r/bitcoin stuff. Wait, I thought he was a SHE  Nevermind. I don't believe that BTC will replace anything short-term or mid-term. I'd say the most possible scenario would be a co-existence with the current monetary infrastructure. How epidermic or deepened this will be, this is left as an exercise to the reader. FWIW though, I strongly suggest to anyone I know, that it's better to be unorthodoxically prepared, than not be prepared at all. That includes -and not isolated to- a fair amount of BTCs "just in case". |
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Choice quote in there from David Cameron, unambiguously identifying himself as a fascist. “For too long, we have been a passively tolerant society, saying to our citizens: as long as you obey the law, we will leave you alone.” Yeah, that's a real Chilling statement. IMHO, it's not cryptocoin related, than cryptography related matter. The second doesn't exclude the first one though. Beyond bold political statements though, there's a factor which the human race cannot avoid being drifted away with. Technology. Unfortunately for the regulators, the researchers will always be one step ahead of their arteriosclerotic ideas... |
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This sounds like a plan; funny that almost the same thing has been proposed by Yianis Varoufakis as an antidote to the Greek economic disease - in the midst of his contradictory beliefs about "the usage of BTC as a currency is a totally flawed idea" to begin with. Nevertheless; there's a funny coincidence here, which I don't find particularly random... Damn! I thought that I could continue freely bullshitting about bitcoin and Merkle chains through this sockpuppet while wrestling with Merkel under my Ministerially respectable true identity. Oh well... This is what I'd call "official, academic, quality trolling" Cheers! |
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<snip>
Curse you, macsga! Thanks to you, my account has been unjustly banned.
<snip>
I'm sure you will make another one to heal the pain, after this one is on ignore Lamby. Latest additions to The List as of 2015-05-28:~Lambchop
73rr0rcoin
whenanimalskill
McBork
Updated! |
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Sure, a government cannot easily prevent its citizens from issuing transactions. But why should it?
Typically the goals of a government will be to prevent its citizens from bringing certain items into the country (like drugs or weapons), take other items out (like national heritage artifacts, gold, diamonds), being bribed or financed by foreign corporations or governments, and giving the national currency to foreigners.
Sure, each government would like to keep the monopoly for their own profit; makes perfect sense! The first two are physical border and mail policing problems that do not depend on how the item was paid. (Importers of illegal items are generally nabbed when they receive or try to colelct them.)
The other two uses are partially caught when the citizen tries to spend the bitcoins locally, or convert them to cash. So they can be curbed by closing local bitcoin exchanges or imposing strict AML/KYC measures on them, control of bank accounts, banning bitcoin from e-commerce and large property sales (vehicles, real estate, etc.) Which is pretty much what China did.
Well; not really. China just made a couple of moves that seriously disrupted the BTC price (but at the same time, no one can say for sure if their acts were the actual reason). The incentive could be a whole lot different though... I guess we will know within the next decade if you're right or not. The only remaining use of bitcoins that a government may be unhappy about is corrupt officials and subversives being paid in bitcoin but saving them until a later time, when they leave the country. But, in that case, a bitcoin bribe is no different than a dollar bribe deposited in a foreign bank, in the guy's name.
Bitcoin is often claimed to be a way to take one's wealth out of a county, bypassing the government's currency controls. But while it works for the individual, its effect on the country's economy is quite different from the usual ways of "taking one's wealth out".
Unhappy? I beg your pardon Jorge; this is how the governmental machine rolls! Bitcoin / Moneroj / Fiat / Diamonds or PM, the spice should always flow. Or else! The usual ways are taking valuable propery (gold, antiquities,etc.) out, and/or selling local property (cars, real estate) for foreign currency to buyers abroad, and/or exchanging the national currency for some foreign currency, either before or after moving out. The the currency exchange route ends placing some of the national currency in the hands of foreigners. Either way the country gets poorer, which is why governments often try to limit such transactions.
The situation is different when the citizen uses bitcoin to "take his wealth out". If he already had bitcoins, it is like him having euros or dollars in a bank account in Switzerland; the money was already out of the country to begin with. If he exchanges his local currency and/or concrete wealth for bitcoins in the local market, these items will pass to other citizens: the country will not get poorer, and the average citizen will get slightly richer. (It is the Americans who will become slightly poorer when he moves to the US and starts spending his bitcoins.)
This sounds like a plan; funny that almost the same thing has been proposed by Yianis Varoufakis as an antidote to the Greek economic disease - in the midst of his contradictory beliefs about "the usage of BTC as a currency is a totally flawed idea" to begin with. Nevertheless; there's a funny coincidence here, which I don't find particularly random... |
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This is useless now.
They just create a new account for every post they make, and abandon the other accounts
Partially true. Many of these accounts are currently active and known sockpuppets in use (ie: YourMother, etc). Since there's no other weapon of choice, I'll just keep maintaining and using this one... |
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LOL. For a moment I thought it'd be better off the list, but then again, he did it in purpose so that this one is on the top alphabetical order...  Latest additions to The List as of 2015-05-28:~Lambchop
73rr0rcoin
whenanimalskill
McBork
Updated! |
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After observing his posts and certified passing my "3 over 3" rule, (ie: 3 posts without trolling / or 3 useful posts) I decided to remove him from The List. Removed from The List as of 2015-05-28:luckygenough56
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Aside from your stance on the matter (ie: being a bear concerning BTC) or if you think it's sane to express such an opinion (ie: define post-apocalyptic - how apocalyptic in a scale from 1-10?) I'd say that this statement is rather bold. For instance: Has anyone got the ability to foresee the future after an economic meltdown? Would the internet matter? Will it be there at all? Will people be here in the first place? Will they need guns to enforce their peace? I'd say that there are quite too many things to worry about after such an event will happen, to just worry about if you can buy food via a usb stick or using USD/EUR. About 90% of the people out there do not understand that food doesn't grow on refrigerators located in Wallmart, nor they are in position (or do have the knowledge) to perform basic agricultural jobs. Moreover, certain laws have already prevented individuals to even keep a goat or chicken within his/her house without permission. Not to mention collecting rain water could drive you to prison if you live in the US. ( http://www.naturalnews.com/029286_rainwater_collection_water.html) Post apocalyptic? You realize that there's a strong possibility this is happening right now, right? |
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I've also suggested to Kraken about supporting XMR which (in their thread) Dargo replied that they're not yet considering it. BTW, exchanging XMRs in Polo under these circumstances, looks like an orchestrated movement which has it's (obvious) reasons. Not wearing any tinfoil hat here, but too many coincidences in order to move the price down looks fishy to me. So yes; the sooner we have a bigger/better exchange, the better.
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More bullish news. That means we go down, of course... Switzerland To Open Bitcoin Bank As Crypto "Fort Knox" Relocates To Zurich
With every DM central bank hell-bent on ensuring that the currencies which roll off their printing presses will become ever more worthless with each passing iteration of the global debt monetization ponzi scheme, and with calls growing louder to ban hard currency altogether in an effort to remove the effective lower bound and thus make it possible for bureaucrats to centrally plan every aspect of the economy right down to the micromanagement of people’s spending habits, we suppose now is as good a time as any to make the switch to a medium of exchange not controlled by the Keynesian cabal and where better to go "crypto" than Switzerland which, according to Handelszeitung, is set to open its first Bitcoin bank.
http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich |
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