Re:Ask HN: Where are the 750k Bitcoins lost by Mt. Gox?
by bushido on Friday February 28, 2014 @10:28AM
(#7319212)
Actually, I was being optimistic.
I wanted to add the possibility of law enforcement from various countries tracing the alleged perpetrators. This is actually the most worrisome scenario, because a large portion of this would be unrecoverable from the law enforcement, due to the immense confusion stemming from authorities not knowing who has jurisdiction and the laws surrounding crypto-currencies.
This might be an acceptable situation for the customers but would be bad for the customers as over 6% of BTC would be almost permanently removed from circulation.
I wanted to add the possibility of law enforcement from various countries tracing the alleged perpetrators. This is actually the most worrisome scenario, because a large portion of this would be unrecoverable from the law enforcement, due to the immense confusion stemming from authorities not knowing who has jurisdiction and the laws surrounding crypto-currencies.
This might be an acceptable situation for the customers but would be bad for the customers as over 6% of BTC would be almost permanently removed from circulation.