InitialLetter
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April 16, 2014, 10:30:06 AM |
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They also have two new documents in mtgox.com itself. Q&A was reasonably good giving at least indication that Provisional Administrator is a professional. Which is good thing since he is now administer of mtgox assets.
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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hashme
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April 16, 2014, 10:31:30 AM |
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So, what does it mean for Gox[ed] users? |
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Lohoris
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April 16, 2014, 11:55:55 AM |
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- the bitcoin balances are converted to fiat balances based on the last gox echange rate of 138 $/BTC
This only if the liquidators are either incredibly dumb, since that value is obviously not the real market value of that time. If they are even remotely sane they would use either the market value of a sane exchange before mtgox closed down withdrawals, or they would use current price. |
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cafminer1
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April 16, 2014, 04:02:03 PM |
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In fact, that is more a FNAQ - Frequently Not Answered Questions.
And da_fat_rat will fly away with a full btc stuffed ass... :-/
(leave something for the lawyers and it s all set; fuck the creditors)
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bitcoinvest
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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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April 24, 2014, 06:56:23 PM |
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So may ia ask what is your thoughts is goint to happen after today update: https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdfDo you think Karpeles is going to be spending BTC in some hidden island or something? Do you think we are going to get back our BTC and FIAT? or nothing? What do you think? |
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cafminer1
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April 24, 2014, 09:47:04 PM |
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The FNAQ got better and there is some useful info this time.
Final fact is... wait... wait... wait... wait... then get paid "something".
Let s see... 25% of the previous BTC (200K) at half the original price (500) will result in.. 12.5%.... Take away lawyers part... 5% for da_pipl ;-) .....10, if we re very lucky. In USD. In BTC, it would be around 10 to 20% the BTC one had at closing (but I guess notice makes it clear they will convert and pay fiat...) Ah, all this for those with 100% clean records @ shitten Gox =:-)
About the fat rat, he is not a human target yet, just due to upcoming further investigation about "stolen" BTC... But will.
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Hic et nunc
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April 25, 2014, 02:31:03 PM |
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Here ( https://www.mtgox.com/img/pdf/20140228-announcement_eng.pdf ) MtGox recognizes its assets, before the appearance 200.000BTC. This also they will have to distribute among creditors (all of us). That means they have to pay back about 60% of the deposit to us. I think it should be so. Right? |
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Gotgoxed
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April 25, 2014, 03:11:28 PM |
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Testing123
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April 26, 2014, 08:41:14 AM |
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TL;DR: You need to file your claims before Nov 28, 2014. |
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bitcoinvest
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April 26, 2014, 09:30:11 AM |
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TL;DR: You need to file your claims before Nov 28, 2014. What is TL;DR: ? They write they will inform about a form to fill.... What is your thought? |
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bitcoinvest
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April 26, 2014, 09:38:02 AM |
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TL;DR: You need to file your claims before Nov 28, 2014.
This comes from what??? |
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coins4meh
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April 26, 2014, 10:35:37 AM |
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Stopped using MtGox for a while now...
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TwinWinNerD
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CEO Bitpanda.com
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April 26, 2014, 10:00:17 PM |
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Stopped using MtGox for a while now...
Well, you kinda had to, right? |
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Nagle
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April 27, 2014, 04:54:52 AM |
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- the bitcoin balances are converted to fiat balances based on the last gox echange rate of 138 $/BTC
This only if the liquidators are either incredibly dumb, since that value is obviously not the real market value of that time. If they are even remotely sane they would use either the market value of a sane exchange before mtgox closed down withdrawals, or they would use current price. I read that under Japanese law, the price of assets is determined by market value as of the date of the bankruptcy. Not clear whether that's the date of the original filing or the date the court ordered liquidation. Either way, it's somewhere around $500. In the end, everybody probably gets paid in yen. |
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rpietila
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April 27, 2014, 06:59:39 AM |
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Here ( https://www.mtgox.com/img/pdf/20140228-announcement_eng.pdf ) MtGox recognizes its assets, before the appearance 200.000BTC. This also they will have to distribute among creditors (all of us). That means they have to pay back about 60% of the deposit to us. I think it should be so. Right? Was it really so that according to the TOS of Mt.Gox, the instant I deposit my BTC to them, it becomes their "assets" that they "owe" me, instead of "customer funds" that they must "safeguard" for me? If this question is resolved in the only sane manner that it can be ("customer funds" unless EXPLICITLY otherwise stated), it also becomes clear why the contents of the safety deposit boxes are not auctioned when a bank becomes bankrupt, and your car is not sold if you were having it painted when the painting shop goes broke. Instead, you property is returned. Anyone? |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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clownius
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April 27, 2014, 07:16:12 AM |
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Stopped using MtGox for a while now...
Well, you kinda had to, right? Yeah i dont think the option to keep using them existed lol It would have been a bit hard to keep using them i think. Just somehow. I was trying to get this out for 4 months...... BTC: 9.05037000 BTC |
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Hic et nunc
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April 27, 2014, 08:32:13 AM |
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Here ( https://www.mtgox.com/img/pdf/20140228-announcement_eng.pdf ) MtGox recognizes its assets, before the appearance 200.000BTC. This also they will have to distribute among creditors (all of us). That means they have to pay back about 60% of the deposit to us. I think it should be so. Right? Was it really so that according to the TOS of Mt.Gox, the instant I deposit my BTC to them, it becomes their "assets" that they "owe" me, instead of "customer funds" that they must "safeguard" for me? If this question is resolved in the only sane manner that it can be ("customer funds" unless EXPLICITLY otherwise stated), it also becomes clear why the contents of the safety deposit boxes are not auctioned when a bank becomes bankrupt, and your car is not sold if you were having it painted when the painting shop goes broke. Instead, you property is returned. Anyone?
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