Post
Topic
Board Service Announcements
Re: {ANNOUNCEMENT} WBX Exchange Frozen
by
bitcowok
on 04/12/2012, 02:50:48 UTC
--EDIT--- this is not well thought out, see later post for revision----EDIT---

Ok, I recommend we all cut our losses and get this done with : distribute the bitcoins as fairly as possible to each person owed money in proportion to exactly how much they were owed as of the date WBX ceased trading.

The value of bitcoin rising should ensure that we come close to giving the $AU people back close to what they lost, and the exact amount of bitcoins for the bitcoin people, right?

ie if I had $A600 owed i'd get close to $A600 back, in bitcoins  (ie ~47BTC at todays rate)
if I had 23BTC owed i'd get 23BTC back

simple.   Keep everything in BTC so it never touches AU laws, to prevent legal complications.

The $AU people would lose out here (I'm in this camp), but breaking even is a good outcome IMO.

Are there enough bitcoins to go ahead with this dooglus?
Is there enough info in your copy of the mysql DB to fairly distribute funds?

I'd be happy to send in a signed guarantee that I wont sue, to make this happen, If everyone is in aggreeance.

What do people think? In my books, it would end this debacle on a positive note.