Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
DrApricot
on 17/10/2014, 20:56:21 UTC
What the fuck is the tribunal doing?
Couldn't they just split the remaining bitcoins and give them to us?
What's the point of waiting?
I gather that there are some help sites and client groups, but it is not clear whether they are really trying to inform and help clients, or are trying to obfuscate and convince them to accept the plans of Sunlot or other sharks.  Beware.
I'm not sure why you believe liquidation is the only possible worthwhile outcome to the Mt Gox affair. There is nothing wrong with the concept of a negotiated out-of-court settlement of the bankruptcy. It could even result in an early release of most, if not all, of the depositors' bitcoins.
 
It seems that you are trying to warn people away from self help groups, and implying that anyone who joins one of these will fall into the clutches of Sunlot or their ilk. People will only stand so much frustration, and can't be blamed for trying to look out for what they see as their best interests. That's not the same thing as being used as a pawn in someone else's game--merely life.
You had your coins stolen.  You should count them as gone.  If the liquidation is not derailed, one day you will get back about 20% of what you lost.  Then you should count that as a lucky windfall.   Unfortunately, that is how it works when companies go bankrupt.
Jeffrey Robinson has a new Amazon Kindle book out entitled: The Naked Truth About Bitcoin
http://www.amazon.com/BitCon-Naked-Truth-About-Bitcoin-ebook/dp/B00NUIUQ3A/r
According to a recent review of the book:
Quote
Robinson's aim is to make a connection between Mt Gox collapsing and the abrupt end of China's bitcoin fever, the latter having driven the price up to $1240, until Beijing cracked down and the price crashed. Around the same time (coincidentally) Mt Gox collapsed; Robinson's terrier-like financial crime super-sense is on high alert. http://www.ibtimes.co.uk/bitcon-naked-truth-about-bitcoin-jeffrey-robinsons-teardown-worlds-biggest-cryptocurrency-1470477
If Jeffrey Robinson is correct about Chinese involvement in the Mt. Gox collapse, then depositors may have become pawns in a sub rosa diplomatic "blame game." That's only one more possible reason why they should be as assertive as possible in representing their own interests.