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Author Topic: MTGOX <-> BTC BID/ASK  (Read 73212 times)
boumalo
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April 01, 2014, 05:45:48 PM
 #961

Where is the best source of infos about the mtgox investigations except here?

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surfer43
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April 01, 2014, 05:49:11 PM
 #962

Where is the best source of infos about the mtgox investigations except here?
reddit.com/r/bitcoin & google most likely
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April 01, 2014, 09:58:08 PM
 #963

Where is the best source of infos about the mtgox investigations except here?

http://www.reddit.com/r/mtgoxinsolvency
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April 01, 2014, 10:00:00 PM
 #964

Where is the best source of infos about the mtgox investigations except here?

http://www.reddit.com/r/mtgoxinsolvency
Nice!  Smiley
boumalo
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April 01, 2014, 10:23:17 PM
 #965

Where is the best source of infos about the mtgox investigations except here?

http://www.reddit.com/r/mtgoxinsolvency

thanks

Where is the best source of infos about the mtgox investigations except here?
reddit.com/r/bitcoin & google most likely

i knew these sources already but thanks Wink

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April 02, 2014, 08:59:07 AM
 #966

also reddit.com/r/mtgox and mtxgoxrecovery.com

Lohoris
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April 03, 2014, 12:29:16 PM
 #967

Really now? Breaking the limited liability is really easy outside the US.
What are you talking about?
It sounds insane.
The whole point of limited liability is... that it's limited.
If it's easy to break it, it makes no sense to have it in the first place.

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Mota
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April 03, 2014, 01:11:35 PM
 #968

Another one is: Get your finances checked, and if discrepancies are found, report them and stop all activities; as in: don't let people deposit funds 2 weeks after you found out you are bancrupt and tell them all is well.

Who wants to be a billionaire? Me!
You could help Wink 1Dvja1RFCqxdnYRgjTntwGvdCeUisU4xp
Lohoris
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April 03, 2014, 02:00:40 PM
 #969

One of those rules is : "Don't steal the customers funds".
Another one is : "When you're down the hole, stop digging".
Another one is: Get your finances checked, and if discrepancies are found, report them and stop all activities; as in: don't let people deposit funds 2 weeks after you found out you are bancrupt and tell them all is well.
Sure, but basically that means "don't break the law", of course you can expect to have consequences for breaking the law.
Which is quite different from saying that you are responsable for a limited liability company.

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surfer43
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April 03, 2014, 02:03:53 PM
 #970

What I think is going to happen: gox is somehow going to get the funds, maybe a majority through "finding" bitcoins. Then you will be able to withdraw cash and bitcoin from the website. Am I too optimistic?  Grin
bigtimespaghetti
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April 03, 2014, 02:09:24 PM
 #971

What I think is going to happen: gox is somehow going to get the funds, maybe a majority through "finding" bitcoins. Then you will be able to withdraw cash and bitcoin from the website. Am I too optimistic?  Grin

I think a little... I think we are looking at getting *something* back. I think that the fiat claims may be safer, as to the BTC... We are probably talking single digit percentages of claimed amounts. This is just based on a guess though.




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Mota
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April 03, 2014, 02:19:10 PM
 #972

One of those rules is : "Don't steal the customers funds".
Another one is : "When you're down the hole, stop digging".
Another one is: Get your finances checked, and if discrepancies are found, report them and stop all activities; as in: don't let people deposit funds 2 weeks after you found out you are bancrupt and tell them all is well.
Sure, but basically that means "don't break the law", of course you can expect to have consequences for breaking the law.
Which is quite different from saying that you are responsable for a limited liability company.


That is right. But as the CEO of the company he can be held liable because of all the things mentioned here and elsewhere. Those things break more than one law. And that was the whole point to my comment. Of course he can't be held personally liable if he has done nothing wrong.

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You could help Wink 1Dvja1RFCqxdnYRgjTntwGvdCeUisU4xp
TwinWinNerD
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April 03, 2014, 02:21:19 PM
 #973

If this whole liquidation is streched out over many years, the return for claims might be in the lower single digits, because for certain regulations, the BTC that were found will need to be liquidated to pay for the costs, this could lead to them being sold at ~400$ level, what a shame..

Mota
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April 03, 2014, 02:35:34 PM
 #974

If this whole liquidation is streched out over many years, the return for claims might be in the lower single digits, because for certain regulations, the BTC that were found will need to be liquidated to pay for the costs, this could lead to them being sold at ~400$ level, what a shame..
Not really. They have several millions in fiat. They have nearly 50% of what they owe in fiat, on the other hand they have only 200k of the 750k btc they owe. I expect them to handle it they way other countries do; so they will probably view bitcoin debt and fiat debt equally. Since they have more fiat in comparison they will most likely pay the costs with fiat and maybe even use some of it to pay of btc creditors.

Who wants to be a billionaire? Me!
You could help Wink 1Dvja1RFCqxdnYRgjTntwGvdCeUisU4xp
TwinWinNerD
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April 03, 2014, 02:50:17 PM
 #975

If this whole liquidation is streched out over many years, the return for claims might be in the lower single digits, because for certain regulations, the BTC that were found will need to be liquidated to pay for the costs, this could lead to them being sold at ~400$ level, what a shame..
Not really. They have several millions in fiat. They have nearly 50% of what they owe in fiat, on the other hand they have only 200k of the 750k btc they owe. I expect them to handle it they way other countries do; so they will probably view bitcoin debt and fiat debt equally. Since they have more fiat in comparison they will most likely pay the costs with fiat and maybe even use some of it to pay of btc creditors.

What other county? This is a unique case. Never until now where BTC part of a liquidation process of a LLC. They will most likely be treated like you would treat inventory and claims on that inventory. A liquidation always ends with equal debtors receiving the same cut. There won't be a difference in the % of payout in the BTC and FIAT debtors, if they are treated the same.

So yeah, maybe they will use the fiat money, but there is a high chance that all that gets paid out will be in Fiat, and everyone gets fucked Wink

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April 03, 2014, 04:55:54 PM
 #976

If this whole liquidation is streched out over many years, the return for claims might be in the lower single digits, because for certain regulations, the BTC that were found will need to be liquidated to pay for the costs, this could lead to them being sold at ~400$ level, what a shame..
Not really. They have several millions in fiat. They have nearly 50% of what they owe in fiat, on the other hand they have only 200k of the 750k btc they owe. I expect them to handle it they way other countries do; so they will probably view bitcoin debt and fiat debt equally. Since they have more fiat in comparison they will most likely pay the costs with fiat and maybe even use some of it to pay of btc creditors.

What other county? This is a unique case. Never until now where BTC part of a liquidation process of a LLC. They will most likely be treated like you would treat inventory and claims on that inventory. A liquidation always ends with equal debtors receiving the same cut. There won't be a difference in the % of payout in the BTC and FIAT debtors, if they are treated the same.

So yeah, maybe they will use the fiat money, but there is a high chance that all that gets paid out will be in Fiat, and everyone gets fucked Wink
I meant how they see bitcoins legal status. They most certainly won't sell the bitcoins, since they are not the property of the company. And my humble self want my property back, not some strange old fiat currency.. what do you even do with that  Roll Eyes

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April 03, 2014, 05:01:57 PM
 #977

Gox being insolvent could actually be good news!

Quote from: Best Case Scenario
Japan or U.S. government bails GOX out. They print paper and use it to place a 500,000 BTC market buy order. Our BTC is now worth much much more!  Grin
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April 03, 2014, 05:58:53 PM
 #978

Gox being insolvent could actually be good news!

Quote from: Best Case Scenario
Japan or U.S. government bails GOX out. They print paper and use it to place a 500,000 BTC market buy order. Our BTC is now worth much much more!  Grin

Haha, we can argue that mtgox is too big to fail, but not too big to jail Wink

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May 04, 2014, 03:46:02 PM
 #979

is anyone still selling mtgox coin? I wanna buy couple coins

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May 04, 2014, 06:48:01 PM
 #980

PM me your rate. Have 17.5 BTC on gox

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