Quote from: lihuajkl on July 24, 2014, 05:41:12 AM

Quote from: blatchcorn on July 23, 2014, 12:40:04 PM

Quote from: Wesley on July 23, 2014, 12:25:24 PM

Quote from: blatchcorn on July 23, 2014, 12:15:51 PM

If he took the proceeds from the auction, put it in bitcoin and hodl'd for a year, then he could pay everyone back maybe

Bitcoin's price would need to grow 1,000 times in a year. And even if it were possible, it would only be in fiat terms. Someone who lost 1 BTC would only be awarded $600, not the $600,000 that they actually deserve.

Good point. Does anyone know if Mt Gox have to reimburse creditors in terms of Bitcoin or fiat?

Does it matter? If the creditors could get back 10% of that they lost,they would be happy. No matter they pay you BTC or fiat!

I'm sure a lot of people wouldn't be happy with %10, seeing as how it's almost certain that Mark fat fuck is sitting on %100 of the bitcoins.