I've taken a couple month break since the mtgox meeting from looking at anything mtgox. I guess the aim of the legal group is to get bitcoin paid out as bitcoin? or is it to just make sure all surplus goes to the creditors?
The most important thing is to try and get our fair share of what they're calling 'the surplus'.
The lawyers will be reporting back to the group on Tuesday, 7th November after doing a couple of weeks research on the case.
We would also like payment in Bitcoin but that's a minor point compared to giving all that money to Mark Karpeles instead of the claimants.
Right now they plan on paying us $480 / 50,000 JPY per Bitcoin claimed based on the Bitcoin price in 2014.
Now I understand they're not doing this for free,but to give us 480 each seems very unfair . Mathematically, can everyone who had a valid and approved claim recieve lost btc ,coin for coin and dollar for dollar? Are there enough ? The surplus, does that include bitcoin cash ,bitcoin gold as well as the difference in price from 2014 to present day ,all 3 ?
I understand the lawyers want to get paid like the rest of us but to "bend us over " this is like mtgox 2.0
Once we figure out the lawyers fees and such ,they should be paid by the claimants ( us ) plus some of our btc cash (10%) as a sign of good faith . I just hope this gets resolved and claimants get their BTC and fiat back, respectively .
It is MtGox 2, all initial claims were valued at about $500 Million, the Bitcoin alone are currently worth $1,500 Million, and that's before you add in other things like BCH.
So there is a court in Japan which is planning on giving the surplus to the MtGox shareholders.
Yes, that's right : The Japanese Govenrment is planning to give Mark Karpeles, the guy who is responsible for this whole mess the vast majority of $1 Billion as confirmed at the Septemeber creditors meeting and they don't seem to give a fuck about what we think.
This is why the mtgoxlegal.com group has hired lawyers as we intend to change this bullshit.
when you use an unlicensed exchanger you should take all these risks. so, chill and walk away with your loss.
are you not a libertarian who do not trust the gov/justice and so on? why are you looking for their help now?