Quote from: SolarSilver on June 21, 2016, 08:59:53 AM

Quote from: ilpirata79 on June 21, 2016, 08:06:27 AM

That is not fair.
The value of the held bitcoins (approx 200.000) should be valued the day of the distribution or as an average of the last N days before the distribution.
It does not make sense to value bitcoins according to a value of some day randomly chosen.

Yes, that is my sentiment as well. It would make sense if they had actually sold the BTC last year and fixed the price at that moment, but if they are still holding the BTC then they will be penalising those who are owed BTC and benefitting those who are owed fiat (if the value of BTC is higher than at the fixed level)

It feels like they are treating this like a traditional bankrupt company: freeze the bank accounts, sell the inventory and assets like buildings and then distribute the fiat (whatever is left over) proportionally over all the debt holders

This is a two sided sword; if the price of BTC was going down then we'd been all happy. Now it's because it pumps (will it be forever?) that we still talk about it. All in all, I believe since this was the first time that some company like MtGox went bankrupt, there was not a known procedure and they had to improvise.

My thesis is that I'm not happy about it; but let's get it done already before BTC hits a new ATH! Cool