Thanks for sharing the IRC chatlog Guruvan.
[14:18:38] frankly if we dont fix this nobody is going to see one red cent after bankruptcy fees and liqudation fees
[14:18:41] i looked it up
[14:18:53] liquidation costs about a grand per creditor
[14:19:00] there would literally be nothing left
Is Bitcoinica LP actively considering bankruptcy and liquidation as an option? Even though only 20% of BTC balances was stolen and all USD deposits are in tact?
Patrick, can you please share where you looked this up? Assuming Bitcoinica LP has 5500 customers, and assuming a customer is a creditor in this case then according to your estimate of a grand per creditor in liquidation fees would come up to a total of USD $5,500,000.00 - that seems a bit steep to me.
[14:29:10] my best guess is it would cost about 20 grand just to file the initial complaint
[14:29:22] it would cost you probably 100 grand to go to trial
[14:29:25] AND YOUD LOSE
[14:29:55] so no i dont think there's some mystery attorney out there waiting for file a complaint
[14:30:41] oh and as soon as you filled the complaint
[14:31:01] your legal costs would go through the roof as everybody simultaneously pointed at everybody else
[14:31:19] so yeah i dont think anybody is even remotely stupid enough to think that's a good way to get their money back
I think only the scammers are making noise here to rush the process for their selfish gains.
Please realize you and Amir are acting as official representatives of Bitcoinica LP. Calling customers that have been waiting for over a month to get their funds back and are considering all options open to them 'scammers' and 'stupid' is not very professional.
Do you think I or many others with funds in Bitcoinica enjoy having to read up in this thread every day to see if anything meaningful has been done or said? I suggest you guys put back the support platform help.bitcoinica.com to deal with customer questions and issues since that is a separate component and much better suited for the purpose.
13 June 15:00: Initial payouts have been made to verified people for 50% of their claim.
I still have not heard a single customer publicly confirm they have received 50% of their deposits in the forum and we are now another 3 days further down the road. Until someone does I have to treat the validity of this announcement with some skepticism.