Re: I suspect Gox sold customer bitcoin for FIAT themselves -fractional reserve -
Accoring to Mt.Gox leaked file 951K BTC are supposed to be in accounts, but net BTC balance is only 450K. So where did the other 501K BTC disappear to?
But wouldn't this mean that we can still hope to get almost half of our BTC? (Assuming a higher authority enforces and/or >=50% of the users agrees to this solution.)
I think I would be relatively "happy" with that solution in the given circumstances. Half of >0 is still infinitely more than 0.
Never thought of that. Yes, that is correct, Mt.Gox has a balance of 450K BTC. In fact, if you read the 'leaked' crisis plan, it does say that 50% was 'recovered'.
However, Karpeles is known to cheat his customers, so this bankruptcy business is really a way for hime to steal the remaining 450K BTC.