Unconfirmed tweet that MtGox lawyer making statement now.

[repentance]

It's possible that of the 744k BTC lost, MtGox has enough coins in cold storage to cover all but the $64 million he's filing for.

That being said I still hope his ass winds up in jail over criminal negligence or something.  Losing tens of millions of dollars of other people's money because you don't know how to read a fucking ledger should be a crime.

No, the $63.6 million is liquid liabilities - so it's basically the cash liabilities.

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[5flags]

That being said I still hope his ass winds up in jail over criminal negligence or something.  Losing tens of millions of dollars of other people's money because you don't know how to read a fucking ledger should be a crime.

As free market libertarians, shouldn't we just say that the market will sort this out? It will create a market demand for mechanisms that allow exchanges to demonstrate their solvency.

[5flags]

As free market libertarians, shouldn't we just say that the market will sort this out? It will create a market demand for mechanisms that allow exchanges to demonstrate their solvency.

Or a demand for decentralised exchanges. Or both.

[ZeroBarrier]

As free market libertarians, shouldn't we just say that the market will sort this out? It will create a market demand for mechanisms that allow exchanges to demonstrate their solvency.

Stop using such logic, this is no time to be thinking that way! People are here hurt, crying and pleading for government/fed/law enforcement/lawyers/etc. to save their money; once that happens I'm sure they'll be fine and back on track saying the market will sort stuff out (as long as it benefits them that is).

[Vitamin]

That being said I still hope his ass winds up in jail over criminal negligence or something.  Losing tens of millions of dollars of other people's money because you don't know how to read a fucking ledger should be a crime.

As free market libertarians, shouldn't we just say that the market will sort this out? It will create a market demand for mechanisms that allow exchanges to demonstrate their solvency.

What makes you assume everyone who uses Bitcoin is a "free market libertarian"?

[5flags]

What makes you assume everyone who uses Bitcoin is a "free market libertarian"?

Well, anyone who wants a state distorted market is welcome to stick to those markets.