Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[d_eddie]

Ergo French?

Relevance is not Roachenstein's impersonation's forte.

[Searing]

"Umm, I don't know"

Yeah.. what a fucking scumbag scamming goofball, and seeing his actual words contributes to such impressions.

Ok. So what are the options in this Trial?

1) he loses and then claims he has no access to funds due to trust as stated in trial..ie nothing for plaintiffs?

2) he loses and also gets 3-4 weeks for contempt suspended and/or served? (Someone said on the thread no more than that unsure)

3) He wins the case, and blithely goes along claiming to be Satoshi?

Is there an actual chance he could lose in court and actually LOSE all his assets and/or go to Jail? Or would such a civil case not allow

extradition and/or he would easily reside in a country and just avoid it?

I just don't see any info/articles on the 'bad stuff' that will happen to him if he loses the case.

enlightenment anyone?

Brad

[jojo69]

alexa

 

[HairyMaclairy]

"Umm, I don't know"

Yeah.. what a fucking scumbag scamming goofball, and seeing his actual words contributes to such impressions.

Ok. So what are the options in this Trial?

1) he loses and then claims he has no access to funds due to trust as stated in trial..ie nothing for plaintiffs?

2) he loses and also gets 3-4 weeks for contempt suspended and/or served? (Someone said on the thread no more than that unsure)

3) He wins the case, and blithely goes along claiming to be Satoshi?

Is there an actual chance he could lose in court and actually LOSE all his assets and/or go to Jail? Or would such a civil case not allow

extradition and/or he would easily reside in a country and just avoid it?

I just don't see any info/articles on the 'bad stuff' that will happen to him if he loses the case.

enlightenment anyone?

Brad

This case is going absolutely nowhere.  

It is a claim on 1.1 million Bitcoins supposedly mined by CSW and Dave Kleiman. But the only evidence that any Bitcoins were mined at all comes from CSW.  

Dave Kleiman did not leave behind any mining gear.  

In all likelihood no Bitcoins were ever mined, or only a very small number.   Everything else is just the product of Craig’s fertile imagination.  

I have not seen a single piece of evidence which can be independently corroborated from before 2013.  In all likelihood this rubbish was just cooked up by Craig in his ATO dispute to try to confuse the ATO who was (and continues to) pursue him for tax fraud.  

Edit:

Unfortunately for us, given both sides insist that the Bitcoins exist (they almost certainly do not), there is a real risk that the judge find CSW an unreliable defendant and orders CSW to cough up the Bitcoins.  Which of course CSW cannot do even if he was so inclined.

CSW then uses this as proof he is Satoshi.

[Searing]

"Umm, I don't know"

Yeah.. what a fucking scumbag scamming goofball, and seeing his actual words contributes to such impressions.

Ok. So what are the options in this Trial?

1) he loses and then claims he has no access to funds due to trust as stated in trial..ie nothing for plaintiffs?

2) he loses and also gets 3-4 weeks for contempt suspended and/or served? (Someone said on the thread no more than that unsure)

3) He wins the case, and blithely goes along claiming to be Satoshi?

Is there an actual chance he could lose in court and actually LOSE all his assets and/or go to Jail? Or would such a civil case not allow

extradition and/or he would easily reside in a country and just avoid it?

I just don't see any info/articles on the 'bad stuff' that will happen to him if he loses the case.

enlightenment anyone?

Brad

This case is going absolutely nowhere.  

It is a claim on 1.1 million Bitcoins supposedly mined by CSW and Dave Kleiman. But the only evidence that any Bitcoins were mined at all comes from CSW.  

Dave Kleiman did not leave behind any mining gear.  

In all likelihood, no Bitcoins were ever mined, or only a very small number.   Everything else is just the product of Craig’s fertile imagination.  

Likely you are correct, or indeed if Dave Kleiman was Satoshi and passed away that is the reason that massive Bitcoin Hoard, has not moved is..in that the keys are lost.

As being Satoshi, and maybe the majority of these keys were 'test keys' and such when Bitcoin was essentially worthless, that is the case.

Again, frigging Craig Wright will declare it a win and move on. I have to admit I'd hate the stress but he seems to make good money as the

fake Satoshi, don't ya know. Last I heard Bitcoin SV was worth over 3 Billion USD. Some of that has to be in his crooked pocket.

Would have been great to have him proved as a fake and if Dave Kleinman and Hal Finney were indeed the makers of Bitcoin, settle this once

and for all with their passing. Seems that is as big a dream as ever seeing Craig Wright suffer any real consequences for his lies. Damn, that sentence sucked!

Brad

[jojo69]

Just received an actual paper offer for outstanding Mt.Gox claims.

$900/BTC

edit/

Dear Creditor

I manage an investment vehicle which has been buying Mt.Gox creditor claims.  Our investors are long-term oriented, so they are comfortable holding on until the matter is resolved in Japanese court.  I'm particularly interested in Mt. Gox because I am a cryptocurrency investor personally.  I flew out to Japan to attend the creditors meeting in March, and based on our research we've set a price for claims which we think is fair to creditors and fair to our investors.

We review each claim individually, but we are now generally able to offer $900 per BTC claim, or roughly 200% of the bankruptcy value (which was $451 per BTC claim). We can pay that in Bitcoin, or any fiat currency of your choice.  Our payment would be made within 10 business days of the claim transfer confirmation.

Based on the above, the estimated value of your claim would be $(redacted).

Please reach out if you're ready to discuss selling your claim.  We are planning to purchase claims until July 31, so please get in touch as soon as possible via email at (redacted).

Note that this is subject to the disclaimers and confidentiality provision below.

Thank you,

(redacted)

[HairyMaclairy]

Just received an actual paper offer for outstanding Mt.Gox claims.

$900/BTC

I’ll give you $901/BTC

[jojo69]

I’ll give you $901/BTC

The bid is $901

 

[JayJuanGee]

Just received an actual paper offer for outstanding Mt.Gox claims.

$900/BTC

edit/

Dear Creditor

I manage an investment vehicle which has been buying Mt.Gox creditor claims.  Our investors are long-term oriented, so they are comfortable holding on until the matter is resolved in Japanese court.  I'm particularly interested in Mt. Gox because I am a cryptocurrency investor personally.  I flew out to Japan to attend the creditors meeting in March, and based on our research we've set a price for claims which we think is fair to creditors and fair to our investors.

We review each claim individually, but we are now generally able to offer $900 per BTC claim, or roughly 200% of the bankruptcy value (which was $451 per BTC claim). We can pay that in Bitcoin, or any fiat currency of your choice.  Our payment would be made within 10 business days of the claim transfer confirmation.

Based on the above, the estimated value of your claim would be $(redacted).

Please reach out if you're ready to discuss selling your claim.  We are planning to purchase claims until July 31, so please get in touch as soon as possible via email at (redacted).

Note that this is subject to the disclaimers and confidentiality provision below.

Thank you,

(redacted)

whatcha gonna doooo?

I’ll give you $901/BTC

The bid is $901

 

Oh?   Taking bids?

[Biodom]

Interesting. What is the NAV of these claims? Didn't they recover 250K BTC out of 800K?
So, you are basically entitled to roughly (2.5/8)X11.5K=$3.59K in btc
However, inept Kobayashi probably sold some at the lower price that today's.
Anyway, Fortress makes a very low offer (just 25% of the claim's fair value, and not more that 35%).
cough-bastards-cough

[jojo69]

whatcha think?

[Arriemoller]

Before I forget to tell

World news today

Bought ourselfs a new HODLnest to HODLcrash in

Damn 3-4 months before delivery but thats fine Lets HODLsleep the rest out of the old one first

Congratulations!!

Many good news this weekend.

[Searing]

Just received an actual paper offer for outstanding Mt.Gox claims.

$900/BTC

edit/

Dear Creditor

I manage an investment vehicle which has been buying Mt.Gox creditor claims.  Our investors are long-term oriented, so they are comfortable holding on until the matter is resolved in Japanese court.  I'm particularly interested in Mt. Gox because I am a cryptocurrency investor personally.  I flew out to Japan to attend the creditors meeting in March, and based on our research we've set a price for claims which we think is fair to creditors and fair to our investors.

We review each claim individually, but we are now generally able to offer $900 per BTC claim, or roughly 200% of the bankruptcy value (which was $451 per BTC claim). We can pay that in Bitcoin, or any fiat currency of your choice.  Our payment would be made within 10 business days of the claim transfer confirmation.

Based on the above, the estimated value of your claim would be $(redacted).

Please reach out if you're ready to discuss selling your claim.  We are planning to purchase claims until July 31, so please get in touch as soon as possible via email at (redacted).

Note that this is subject to the disclaimers and confidentiality provision below.

Thank you,

(redacted)

I think that period to do this has passed. Seems I remember right after some guy buying such stuff up, but I think it was stopped.

You sure this is not some kinda scam offer?

seems fishy to me, in that mt. gox will likely pay you back the fraction in USD at the point of the sending as usd=btc at that time.

don't get it

brad

[JayJuanGee]

whatcha think?

Just let your GOX claim play out.  You have hung onto your claim for this long, so why not just wait it out?

At least you have a better chance of recovery (some day) of your GOX coins than my WEX coins.

I consider my WEX coins to have about .003521749312% chance of recovery, and your GOX coins likely have greater than a 50% chance of recovery, even though you may only receive 30% of the value of your GOX coins, at best, (which still seems to add up to more than $900 per coin, the last time that I checked).

In the current situation, we can calculate the value of your GOX coins as this:  current price of $11, 400 x 50% = $5,700   & then $5,700 x 30% = $1,710....

so the punchline is perhaps that you should NOT to take too much less than $1,710 per BTC for any current offer, unless you figure out that the odds are much different than my rough estimated odds.

You sure this is not some kinda scam offer?

seems fishy to me, ............
brad

Actually, brad (searing) may have made a decent point too.  How do you know that your offer is not a scam?  Hairy's offer is likely more real, but how would you make a clear contract with Hairy or with anyone else regarding your transferring of your interest in your GOX coins that would be legally binding?

[HairyMaclairy]

whatcha think?

Just let your GOX claim play out.  You have hung onto your claim for this long, so why not just wait it out?

At least you have a better chance of recovery (some day) of your GOX coins than my WEX coins.

I consider my WEX coins to have about .003521749312% chance of recovery, and your GOX coins likely have greater than a 50% chance of recovery, even though you may only receive 30% of the value of your GOX coins, at best, (which still seems to add up to more than $900 per coin, the last time that I checked).

In the current situation, we can calculate the value of your GOX coins as this:  current price of $11, 400 x 50% = $5,700   & then $5,700 x 30% = $1,710....

so the punchline is perhaps that you should NOT to take too much less than $1,710 per BTC for any current offer, unless you figure out that the odds are much different than my rough estimated odds.

You sure this is not some kinda scam offer?

seems fishy to me, ............
brad

Actually, brad (searing) may have made a decent point too.  How do you know that your offer is not a scam?  Hairy's offer is likely more real, but how would you make a clear contract with Hairy or with anyone else regarding your transferring of your interest in your GOX coins that would be legally binding?

You get a Japanese lawyer to make you a claim transfer agreement which gets signed by Hairy and Jojo.  The trustee guy then gets shown a copy of the transfer and registers Hairy as the beneficiary.

[RapTarX]

I need the cool hat  please.

[JayJuanGee]

whatcha think?

Just let your GOX claim play out.  You have hung onto your claim for this long, so why not just wait it out?

At least you have a better chance of recovery (some day) of your GOX coins than my WEX coins.

I consider my WEX coins to have about .003521749312% chance of recovery, and your GOX coins likely have greater than a 50% chance of recovery, even though you may only receive 30% of the value of your GOX coins, at best, (which still seems to add up to more than $900 per coin, the last time that I checked).

In the current situation, we can calculate the value of your GOX coins as this:  current price of $11, 400 x 50% = $5,700   & then $5,700 x 30% = $1,710....

so the punchline is perhaps that you should NOT to take too much less than $1,710 per BTC for any current offer, unless you figure out that the odds are much different than my rough estimated odds.

You sure this is not some kinda scam offer?

seems fishy to me, ............
brad

Actually, brad (searing) may have made a decent point too.  How do you know that your offer is not a scam?  Hairy's offer is likely more real, but how would you make a clear contract with Hairy or with anyone else regarding your transferring of your interest in your GOX coins that would be legally binding?

You get a Japanese lawyer to make you a claim transfer agreement which gets signed by Hairy and Jojo.  The trustee guy then gets shown a copy of the transfer and registers Hairy as the beneficiary.

Sounds reasonable.  Now everyone knows, so they should be able to calculate whether such claim transfer would be worth more than $901 per BTC to them, and thus be able to make an offer, if so willing, and Jojo can decide his present value on those BTC, as well - accounting for the fact that making such a proposed claim transfer agreement would not be free, either.

[Syke]

Here's my estimate:

MtGox has 141,686.35 BTC. They've approved 802,521 BTC in claims. Estimated payout is 17.6% BTC, or roughly $2000 USD at this time. Fiat claims complicate this estimate, but I think their fiat holdings cover the fiat claims.

[HairyMaclairy]

These folks aren’t running a charity.

They probably think the offer is above your dollar cost average and they can take the rest of the upside. 

Are you seriously thinking of selling ?

[JayJuanGee]

It is a legit offer.

These folks are associated with the law firm that was working on the US class action.

O.k.  So probably their offer already includes any legal fees that might be present in order to create a valid transfer / transfer agreement.

 Any other offer that you might receive, including the one from Hairymcbeary, should clearly include the covering of "costs" too in order to be calculated as an equivalent or better offer.  

One thing that likely exists with a BIGGER player is a kind of economies of scale in that their making multiple offers would cause them to already have sufficient legal representation in place in order to draft up a valid offer that results in valid transferring of interests, that is if they are legit, as you seem to believe.

These folks aren’t running a charity.

They probably think the offer is above your dollar cost average and they can take the rest of the upside.  

Are you seriously thinking of selling ?

Well, of course.  Why would they structure a proposed deal that equalizes surplus value?  They are going to structure their proposed offer that would give them a decently large amount of the surplus value, and they hope to get a few bites in regard to their offer (they might not even be making the same offer to everyone, but they would run the risk that inconsistencies might be publicized, so likely safer for them to make the same offer to every GOX coin HODLer during this phase of offers).  

In other words, who makes an offer that would give more surplus value to the counter-party (jo squared in this case) when the counter-party might be willing to accept a lower amount?  So, yeah, they are banking on suckers and/or desperate/motivated HODLers of GOX coins, and question remains whether Jo squared might be one of those kinds of sucker, desperate and/or motivated GOX coin HODLers.