Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
macsga
on 23/04/2015, 05:26:18 UTC
You can rule this possibility out. The MtGox worked on fractional reserve (that means from the 800,000 allegedly "existing" btcs only 200,000 were found). Also the fiat will be used to pay for other things as well (ie: legal process, investigators etc). I estimate only 1/4 to 1/5 of my original BTC reserve back and you should do the same; if it's more then it's good for us... if not, we don't get (too much) frustration. Roll Eyes

The other factor to bear in mind is that a large number of potential creditors may not file a claim due to the legal ramifications of claiming those Mt. Gox accounts. Claims can also be disputed, and certainly MK's claim(s) will be. One estimate from a friend who has dealt with the accounts of a lot of the gambling sites is that roughly 50% of the accounts probably lie fallow.



I expect this to be true. I also expect a lot of people won't bother filing a claim at all. The reasons might be:

1. Lack of interest because of low balance (accounts with < 1 BTC balance)
2. Lost credentials (study states that 3 out of 10 won't remember what their login AND pass was after 1 year)
3. Ghost accounts (ie: accounts that were used only for pump n dump purposes; internally-or-externally of MtGox)

In any case I expect a great change in charts. Kraken will get a significant position among the current exchanges. They maybe even lead the next big rally prior to the 2016 halving. I bet they'll have the ability to do it and (marketing-wise) they surely proved they're after it. Interesting times folks. Best of luck to us all. Smiley