Quote from: cbutters on February 28, 2014, 03:04:06 PM

I think a HUGE clarification is needed on whether these coins were LOST as in STOLEN, or LOST as in DESTROYED.

Here is the difference:

If they were stolen, market thought 850K were on gox (which they weren't), but the other 850K have been in the ecosystem the whole time.

If they were obliterated, market thought 850K were on gox (Which they werent) and 850K wasn't in the market the whole time which makes bitcoin more rare.

Yes I know that either way it is bullish, since now 850K bitcoins won't be released and come out flooding the other exchanges, but it makes a big difference in both terms of scarcity of bitcoin, but also.... how does it feel to know that roughly 1/12 of bitcoins are in a criminal's pocket?

I hope for the sake of all of us that these bitcoin were accidentally destroyed. I'm sure its probably a mix of stolen and destroyed though...

Either way we NEED clarification on this point. Anybody have any idea? did Karpeles specify?

And..... you expect them to just openly state that they stole the coins? Roll Eyes