Some of them may had hold their BTC from 2540 to 4800 but sure most of them wouldn't.
LOL please.
There has been NO major correction since BTC-e size.
Neither panic-selling.
It has been a continuous uptrend.
Therefore... most of the users would have hold indeed.
You cannot seriously think that most of the users would have liquidate 45% of their assets a month ago.
Especially in the biggest uptrend in BTC history.
Nonetheless, 55% plus token is better than nothing.
And it is also ok to socialize the losses.
I would have prefer a different token system though.
Like the original proposal, 1 BTC converted at today rates in USDtoken.
Because now, our 45% is basically frozen and we are missing the uptrend.
In future fiat holders should be kept in a secure quarintine area for risky assets. Similar to rabies containment. Also they should have a marker next to their name in the trollbox so people know they are dealing with fiat holders