Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 03/12/2014, 10:22:37 UTC
PS, about the distribution of MtGOX spoils:

They supposedly recovered 200 000 coins, 650 000 coins are missing.  So unless you for some reason are very high up on the list of creditors, them coins are gone. Kraken is not going to empty their stash for Gox customers.

There is no queue, except that defaulted employee salaries are to be paid first, then suppliers etc., then the clients, and the managers last.  The first two have been paid already, and there will be nothing left for the managers anyway.

Among the clients, Kobayashi will first gather and validate all the claims, then he will divide the remaining assets proportional to the claims.  So everybody should receive around 20% of their claims.  However, it is not clear yet how the claims will be defined.
Okay, sounds good.

I've got a little under 20 goxbtc, where can I file a claim?

Sorry to be degenerate but the mtgox site with all it's legal lingo is confusing as fuck, and I've found nowhere that explains it easily.

IIRC the plan is to collect the claims by May 2015, and validate them by September 2015.  But Kobayashi still doesn't know how the claims will be filed.  Instructions on how to file your claim will be posted on that site, once he figures it out.   

The victims seem to be assuming that what they are owed is their final balance as stated in MtGOX's database.  That is not the rule in such cases: the balance is ignored, claim is defined as deposits minus withdrawals.  But, again, wishful thinking dominates...