- Passwords are gone, so they are no use.
- 80% of BTC funds are (I assume, please confirm) still under Bitcoinica's control.
- 100% of USD funds are (I assume, please confirm) still under Bitcoinica's control.
- The problem is you just have a big pool of money and no way of knowing who owns what.
- That entirely explains the crappy claims page.
- That entirely explains the delay in processing claims.
- For we customers: this isn't perfect news, obviously, but it does at least give us some hope that we haven't lost everything.
- If the investor really is doing the decent thing and funding the 20% BTC losses out of their own pocket, then we should all appreciate that and let that be an end to all the legal shouting.
- Certainly no amount of shouting is going to recreate a database that doesn't exist.
I honestly don't know. Those more involved can hopefully clarify these points. Anything I say would be guesswork.
I'll stop posting now. I've stated everything I know already.