Post
Topic
Board Speculation
Re: Mt. Gox's final impact on BTC...
by
joehal
on 19/04/2014, 21:16:17 UTC
Unfortunately, fairness and bankruptcy, in both Tokyo and Texas, do not always mix.

 Okay, now add dozens of soon-to-come lawsuits all over the globe by angry, spiteful Mt. Gox. customers. Mt. Gox owes a fortune to regular creditors and God knows what to their former employees who all stand in front of any customers in BK Court. Customers will be lucky to get pennies on the dollar and "The Associated Press" says they will likely get nothing.          

First the bankruptcy should split the money to the customers and after that, can commence dozens of lawsuits, of course all directed to Mark Karpeles. Because it would be ridiculous otherwise. Imagine a single customer to come up with a lawsuit and to claim that because he is more important and has money for a lawyer, the rest of smaller clients should give up their half to make whole that one single client. So all the lawsuits that will follow should have nothing to do with the money MT GOX has right now which should be split equally to clients.

I'm not saying "The Associated Press" is not right, but I would really like to know and hear an explanation why a few more important people should get the money first and then the peons. Just because that is the case in movies ? Where big shots with lawyers, grease judges and everyone is dirty ? That is the reason ? Or what ?

I will be really curious to hear that judge argument and how he will justify that is normal for all the clients to get just pennies from the 200k bitcoins and then some more millions dollars or how much mt gox assets are valued.