Gox haircut coming

[TooDumbForBitcoin]

Shave and a haircut, two BTC ... credited at Gox.com for each 8 BTC on Mt.Gox account.

Two bits credited at Gox.com for each USD on account at Mt. Gox.

"We're all in this together ...<slurp>"

[derpinheimer]

Shave and a haircut, two BTC ... credited at Gox.com for each 8 BTC on Mt.Gox account.

Two bits credited at Gox.com for each USD on account at Mt. Gox.

"We're all in this together ...<slurp>"

Can someone translate this to English for me? Thanks!

[Bobsurplus]

Shave and a haircut, two BTC ... credited at Gox.com for each 8 BTC on Mt.Gox account.

Two bits credited at Gox.com for each USD on account at Mt. Gox.

"We're all in this together ...<slurp>"

Can someone translate this to English for me? Thanks!

I can,

New look, same good ol ass fucking.

[ArticMine]

The hair cut in BTC terms will be brutal. If we take the leaked document we have 2000 BTC to cover BTC liabilities over 700000 BTC. Let us not forget that BTC/USD rate could go over 1000 or more in the next few months as this brutal short squeeze unravels. My guess in the neighbourhood of 99.7% to 99.9% or a payout of 1-3 mBTC on the BTC.  

Edit: There is no central bank to print more BTC and bail out an "insolvent" "bank" here. 

[derpinheimer]

The hair cut in BTC terms will be brutal. If we take the leaked document we have 2000 BTC to cover BTC liabilities over 700000 BTC. Let us not forget that BTC/USD rate could go over 1000 or more in the next few months as this brutal short squeeze unravels. My guess in the neighbourhood of 99.7% to 99.9% or a payout of 1-3 mBTC on the BTC. 

lmao 

I think you're a bit crazy. Either people get nothing or they get at least 20%.

[ArticMine]

The hair cut in BTC terms will be brutal. If we take the leaked document we have 2000 BTC to cover BTC liabilities over 700000 BTC. Let us not forget that BTC/USD rate could go over 1000 or more in the next few months as this brutal short squeeze unravels. My guess in the neighbourhood of 99.7% to 99.9% or a payout of 1-3 mBTC on the BTC.  

lmao  

I think you're a bit crazy. Either people get nothing or they get at least 20%.

In fiat terms if say the BTC/USD rate goes to say 50000 by the time this is settled they could get 10-30%.  

[Bobsurplus]

The hair cut in BTC terms will be brutal. If we take the leaked document we have 2000 BTC to cover BTC liabilities over 700000 BTC. Let us not forget that BTC/USD rate could go over 1000 or more in the next few months as this brutal short squeeze unravels. My guess in the neighbourhood of 99.7% to 99.9% or a payout of 1-3 mBTC on the BTC. 

lmao 

I think you're a bit crazy. Either people get nothing or they get at least 20%.

Umm, no. Articmine`s theory makes much more sense then your 20% theory.

Where would they come up with 140000 BTC to cover the 20%?

[derpinheimer]

The hair cut in BTC terms will be brutal. If we take the leaked document we have 2000 BTC to cover BTC liabilities over 700000 BTC. Let us not forget that BTC/USD rate could go over 1000 or more in the next few months as this brutal short squeeze unravels. My guess in the neighbourhood of 99.7% to 99.9% or a payout of 1-3 mBTC on the BTC. 

lmao 

I think you're a bit crazy. Either people get nothing or they get at least 20%.

Umm, no. Articmine`s theory makes much more sense then your 20% theory.

Where would they come up with 140000 BTC to cover the 20%?

They wouldnt bother with a haircut that large. It just doesnt make any sense. So its either nothing, or something significant. Where do they get it from? Well, RTFA

[Bobsurplus]

I think the haircut wont be coming as we all think. I'm not a lawyer but I think its possible that mark, the foundation, Charlie as well as many others may have been involved in this from the beginning, and by this I mean the major fraud Mtgox just played on all its customers. 100's of millions lost, Peoples lives destroyed. Mark is an American and he used American banks at one point in his operation. I'm sure some US law will apply to him regarding some sort of wire fraud, bank fraud ect and he'll end up doing some time.

That's if the gangs, mafias and cartels don't get him first.