gox and the 20 percent payout?

[freedombit]

I don't understand why the 20 percent number is being thrown around. 
I understand 200k bitcoins is 20 percent of the bitcoins they had, but what about all their equipment, bank accounts, etc. 
Is there a reason that those items are not being factored into the total amount people receive?

Where do you get that 200k is 20% of the Bitcoins that MtGox had? Is it the same source that claimed to loose 850k Bitcoin due to a malleability bug? 

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[bryant.coleman]

Where do you get that 200k is 20% of the Bitcoins that MtGox had? Is it the same source that claimed to loose 850k Bitcoin due to a malleability bug? 

Not only the BTC850,000, but Mt Gox lost more than $27 million in fiat also. If we convert that to BTC using the current exchange rates, then the total comes down to almost BTC1,000,000.

Creditors who want to know how Mt. Gox at one point lost some $500 million worth of bitcoin and another $27 million in cash from its bank accounts, are seeking answers from Karpeles, who has spent recent days huddled in meetings with lawyers in Tokyo.

http://www.reuters.com/article/2014/04/21/us-bitcoin-mtgox-karpeles-insight-idUSBREA3K01D20140421

[thresher]

I don't understand why the 20 percent number is being thrown around. 
I understand 200k bitcoins is 20 percent of the bitcoins they had, but what about all their equipment, bank accounts, etc. 
Is there a reason that those items are not being factored into the total amount people receive?

Where do you get that 200k is 20% of the Bitcoins that MtGox had? Is it the same source that claimed to loose 850k Bitcoin due to a malleability bug? 

I didn't mean that was all they lost, just when I posted this 200k bitcoins was the claimed physical amount of bitcoins they held (from the wallet discovery), and people were claiming that there would be some weird arrangement where creditors would receive 20 percent of their current btc or something....... hence, why I started this thread because, none of this made any sense to me. 

This thread, and current updates has cleared that up for me.   

[freedombit]

I don't understand why the 20 percent number is being thrown around. 
I understand 200k bitcoins is 20 percent of the bitcoins they had, but what about all their equipment, bank accounts, etc. 
Is there a reason that those items are not being factored into the total amount people receive?

Where do you get that 200k is 20% of the Bitcoins that MtGox had? Is it the same source that claimed to loose 850k Bitcoin due to a malleability bug? 

I didn't mean that was all they lost, just when I posted this 200k bitcoins was the claimed physical amount of bitcoins they held (from the wallet discovery), and people were claiming that there would be some weird arrangement where creditors would receive 20 percent of their current btc or something....... hence, why I started this thread because, none of this made any sense to me. 

This thread, and current updates has cleared that up for me.   

My point is that ALL of this is pure speculation. 850k lost Bitcoin = speculation based on MtGox comments. 200k Bitcoin found = speculation based on MtGox comments. Missing Bitcoin belongs to customers = speculation based on user comments. How do we even know that any of this is real? At this stage, the one thing that remains clear to each MtGox user is the fact that they can no longer trade, and that their funds are tied up somewhere.

With that said, these all seem like reasonable numbers. I do find it curious that 200k of 850k Bitcoin were found. That leaves 650k Bitcoin missing. Just above the 600k Bitcoin that the FBI was seeking to, but never did, gain control.

[CompNsci]

My point is that ALL of this is pure speculation. 850k lost Bitcoin = speculation based on MtGox comments. 200k Bitcoin found = speculation based on MtGox comments. Missing Bitcoin belongs to customers = speculation based on user comments. How do we even know that any of this is real? At this stage, the one thing that remains clear to each MtGox user is the fact that they can no longer trade, and that their funds are tied up somewhere.

Yes, precisely, it is all speculation. One key item would appear to be combining the leaked information and the blockchain to figure out what happened. Ala this effort on reddit http://redd.it/244s29.

[gerXhonza]

Luckily I had there only about 40 USD ballance. I assume there will be some minimum amount one can receive after paying the bank transfer fees, so I already wrote it off anyway

But I hope more % can be recovered because all Bitcoin transsactions can be exactly checked (or there was serious crime going on by withdrawing so many coins to personal Bitcoin address by someone working there)

[Stapleddiet]

Q. What will happen to the affiliate companies of the Company?
A. At this stage, we are not aware that such companies have filed for the commencement of
civil rehabilitation proceedings or bankruptcy proceedings.

This is from the new addition to https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf by the Admin.

Jeebers I hope the prick Mark Karpeles has not squirreled money away they cannot touch.

I want to go to this meeting but think I best spend the time until then to do calming meditation for the day, so I can go zen mode.