- 850,000 BTC officially "disappeared"
- 200,000 found in "old-format wallet" or 23.5% of total. Mark Karpales says no more will ever be found.
- OKpay and BitOcean propose to repay a proportionate amount + stock.
So, that means if you once had 10 BTC on Mt. Gox, then you'll be getting (10 * .235) 2.35 BTC back from OKpay/BitOcean plus some stock in a revived Mt. Gox under their new management.
Who gets the remainding (10 * .765) 7.65 BTC? Hackers, asset strippers, lawyers?
What if the reason MK is so confident no more bitcoins will ever ever be found is that there were never more than 200,000 BTC there in the first place?
or maybe you'll be getting 200,000 * Personal amount claimed / Total amount claimed i.e. for various reasons a certain amount will be unclaimed
Using my example above, suppose I will claim 10 BTC, and the total amount claimed by all (not including uncliamed) is 500,000 BTC. Then my fractional amount will be 10/500,000 equals .000002.
The amount I shall reclaim is .000002 * 200,000 equals 4.0 BTC.
4.0 BTC > 2.35 BTC, yet still not nearly as good as the original 10 BTC.
My question relates to the Mt. Gox bankruptcy filing and the dubious "Crisis Strategy Draft" as being the only sources for the original claim that there were 850,000 BTC held by Gox.
Were there actually never more than 200,000 in the first place, at today's prices, that would still amount to the equivalent of about $130 million. That's still quite a sizeable sum of customer funds for any three year old company such as Mt. Gox to hold, let alone the claimed 850K BTC. With Mark Karpeles confidently stating that no more than 200,000 will ever be found, it at least raises the strong possibility of a hoax.