Post
Topic
Board Service Discussion
Re: SaveGox.com
by
andy-bc
on 03/05/2014, 23:00:05 UTC
I have one suggestion to Sunlot: Pay out all BTC balances of 1 BTC or less than BTC in full at once.
I second this motion. This would lower the cost and effort of the subsequent operations related to creditors' equity.
Moreover, such action might help to restore some confidence in Bitcoin amongst many (and possibly: not well-off) individuals who tried to buy a fraction of bitcoin out of curiosity and got Goxxed instead.
Yeah, it may get them confident enough to buy TWO bitcoins and leave them in the New MtGOX.
Perhaps it may, but I rather doubt it.
Believe it or not, but when I wrote 'some confidence in Bitcoin' I meant literally Bitcoin and not any particular exchange or rehabilitation project.
Right now, Bitcoin does need as much good public relations as it can get, and a quick and full compensation for the small-fish victims of the MTGox disaster would constitute good PR indeed.
A large group of angry customers who get back their funds means many less people who have (somewhat understandable) motivation to actively criticize and oppose the whole Bitcoin project.

Besides, the idea of compensating smaller creditors with some preference over bigger creditors appeals to my sense of justice. (Despite the fact that I do not belong to the former group).