To quote the immortal Iago (Disney version): "I am about to have a heart attack and die from lack of surprise." In slightly more detail:https://twitter.com/The_K_meister/status/912924593555349505 …
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It was, in the main, not "Hire Japanese lawyer to explain the total futility of attempting to convince a Japanese court that law is wrong."
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No instead they came to the magical thinking version of "Well if the price of Bitcoin goes down then we get our yen but but but."
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"But if it goes up then we totally get the Bitcoin at the new, higher value, not the ~$400 mark as of the claim certification. Right right?"
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This gets debated endlessly on the Reddit forum. And someone asked the bankruptcy trustee what his plan was for getting them extra money.
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He replied, unsurprisingly, that his plan is to follow the law, and the consequences of that decision do not interest him overmuch.
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The consequence of the decision is there exists the slight possibility that Mt. Gox will be able to satisfy all bankruptcy claims.
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There are a lot of ifs here. If BTC doesn't tank. If a buyer can be found for 200k BTC at a price close to the spot price. If if if if.
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"But if all that comes to pass, then who gets the money?"
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Well who does the law say gets the money? In the happy event that a bankruptcy makes all creditors whole, then excess goes to shareholders.
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Which doesn't end the problems for their #1 shareholder, not by a long shot, but the aggrieved folks couldn't understand that either.
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End of conversation
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