Thanks for that link ECB... The post pretty much states that Bitfinex is going to make a more official update tomorrow, but in the meantime, like you said, Bitfinex is considering a way to socialize losses amongst Bitfinex BTC holders.
I don't really have a problem with socialized loss in the sense that Bitfinex would later pay back those "losers"... yet, I believe that they are not considering paying back the "losers"...
I think that it is a bit irresponsible to cause the users to hold the bag... and even though we are finding out some details, we still have to wait for more specifics, which seems to be scheduled to come out tomorrow.
Although Zanetackett keeps talking about scenarios he has stated twice that USD funds will not be susceptible to the socialised loss. I feel for the Bitfinex Bitcoin holders, but it seems the Bitfinex USD funds holders dodged a bullet, provided Bitfinex implements its socialised loss scenario.
https://www.reddit.com/r/btc/comments/4w7o1j/itfinex_update_regarding_margin_funding_providers/d64q1b3So USD funds (that were simply held and not lent out) would not be affected at all by the hack, correct?
In that scenario, they would not be susceptible to the socialized loss.
https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d64qhkrIm presuming the BTC I was holding may be subject to socialized losses, but not the USD in my account?
That would be correct.