Regarding the proposal,i personally found it like joke....
Agreed, but can't blame him for trying ;-)
As the price goes up there are many scenarios that we will get more than 70% in payout... and in one very dream scenario if price goes more that 2000 and stay there then theoretically
we can have the 100% payout.. so the offer here is way out of thinking!
wait, I am missing something here, they sold the seized bitcoins for JPY and since then the BTC JPY exchange rate has increased 4fold. If I ask my 100 MtGox Bitcoins back in BTC (not USD), I will get less?
Thanks I think. FYI if you guys really think it will pay that high, I will sell you my Mt. Gox position.
Also they have not sold the BTC yet. They still have them, a running debate is whether they will sell the bitcoin (either block trading or Silk Road style auction) or pay in BTC. I think the former is much more likely. What they've done is they've locked your "loss value" by converting the BTC amount to JPY using the rate at the date of filing. For simplicity, losing 100 BTC today is not the same as losing it pre MT.Gox...