Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by emodendroket on Tuesday June 13, 2017 @02:42PM
(#14547413)
On the other hand, would it have been fair if the value of Bitcoin cratered and then they paid everyone out in the new, lower value?
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by dragonwriter on Tuesday June 13, 2017 @04:33PM
(#14548377)
> I prefer getting 1/10th than getting nothing, but the only fair outcome would be getting exactly what I lost.
Bankruptcy means that the outcome of “all creditors getting what they were owed” is off the table. What is at issue is their fair disposition of what is left which is known to be inadequate to the ideal.
> Sure, but the only reason we're even having this discussion is that MtGox fucked up. That isn't my fault.
The only reason it would matter to you is that you entrusted something to MtGox. That, arguably, is your responsibility.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by altstar on Tuesday June 13, 2017 @10:37PM
(#14550335)
Are you blaming the victim?
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by airza on Wednesday June 14, 2017 @12:19AM
(#14550621)
I mean, if you're buying and selling bitcoin, especially if you're doing it in the MTGOX era, you made an explicit choice to choose a currency that did not have governmental insurance for depositors, or other regulatory controls.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by emodendroket on Wednesday June 14, 2017 @09:43AM
(#14552611)
It was really something to watch people learn in real time why various regulations exist.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by gaius on Tuesday June 13, 2017 @04:10PM
(#14548163)
MtGox fucked up
Yes they did but to be fair to them they were never a bank or any sort of financial institution. They were "Magic the Gathering Online Exchange". They had wacky side projects like rewriting SSH in PHP. Why did anyone entrust them with real assets?
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by beaconstudios on Thursday June 15, 2017 @06:19AM
(#14559130)
MagicalTux (Mark Karpeles) actually bought the mtgox.com domain off of the previous owner, IIRC. Under his ownership it was never about MTG.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by looki on Tuesday June 13, 2017 @03:33PM
(#14547866)
If that were to happen, this hack would be a blessing for many, many people who definitely would not have held on to their bitcoins until this current all-time high price. Not commenting on what is right here, I just thought it's kind of interesting.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by jikachu2 on Tuesday June 13, 2017 @04:01PM
(#14548098)
If you get 1/10th of what you are owed, you will end up far better off than most creditors in bankruptcy cases.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by fjdlwlv on Wednesday June 14, 2017 @10:42AM
(#14553060)
Mtgox fucked up exactly as much as you did. If you didn't like your chances at mtgox, you could have tried maintaining your btc yourself.
You can't just undo all your bad bets but keep your good ones.
Re:Bankrupt Mt. Gox may soon be able to pay its creditors
by emodendroket on Wednesday June 14, 2017 @01:46PM
(#14554499)
Karpeles may or may not be criminally liable for his actions, so maybe not "exactly as much."
> The only reason this is even a possibility is the appreciation.
Sure, but the only reason we're even having this discussion is that MtGox fucked up. That isn't my fault.