So lets make it easy math can someone tell me what the 55%/45% ratio would be if u had 10k fiat , and is there is diff if u had say 4 btc (appox value 10k when site went down with btc @ 2546) thanks
Currently, it looks that they open a new exchange and the fiat holders will get
55% fiat + 45% btce tokens. Nothing else. Then you can buy coins (if somebody is selling them, maybe at $10.000 per coin, haha) at the exchange and withdraw them.
Basically, fiat holders are fucked hard.
It's certainly not 100% clear yet, but it seems like that's the case. One consideration is that with multi-tiered verification, some whales may be effectively stuck and decide to provide liquidity rather than leave the stuck funds sitting.
I remember thinking the same thing at Bitfinex -- who would sell their coins there? But whether through the exchange manipulating, deals with whales, etc., maybe there is some similar outcome here (at least in the short to mid term). Given the ICO craze and the Bitfinex recovery, there are still a lot of "greater fools", so to speak.