Quote from: bryant.coleman on April 20, 2014, 05:15:54 AM

Quote from: Peter R on April 20, 2014, 12:12:51 AM

What do you guys think about this:

If the 200k BTC are liquidated, the funds raised will be distributed to the creditors (who a primarily Gox depositors). These are the same people who just lost 750k BTC. Would you expect some of these people to re-purchase bitcoins once they receive their share of the fiat [which ironically was raised by selling their bitcoins in the first place lol] thereby increasing demand?

To me, the direction of the anticipated price movement is not clear.

From what I have heard. Mt Gox had outstanding debts (most of it to the Japanese banks) to the tune of $60 million. Any proceeds from the auction of the BTC200,000 will be first used to pay-off that debt. Only the remaining portion will be used to compensate the users who lost their coins.

I think you need to check your facts. Their 6.5 billion yen in liabilities are primarily from the fiat balances of their depositors; these liabilities are offset by their 3.8 billion yen in assets.

Quote from: Peter R on March 02, 2014, 10:01:28 PM

On February 28, 2014, Mt Gox filed for bankruptcy protection in Tokyo, reporting 6.5 billion yen in liabilities, 3.8 billion yen in assets, and 750,000 of customer bitcoins missing.

^ they're actually 200 kBTC richer now too.