6 ms·

I prefer getting 1/10th than getting nothing, but the only fair outcome would be getting exactly what I lost. > The only reason this is even a possibility is t

I prefer getting 1/10th than getting nothing, but the only fair outcome would be getting exactly what I lost. > 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.

emodendroket 9y ago
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?
looki 9y ago
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.
jikachu2 9y ago
If you get 1/10th of what you are owed, you will end up far better off than most creditors in bankruptcy cases.
gaius 9y ago
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?
- beaconstudios 9y ago
  MagicalTux (Mark Karpeles) actually bought the mtgox.com domain off of the previous owner, IIRC. Under his ownership it was never about MTG.
dragonwriter 9y ago
> 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.
- altstar 9y ago
  Are you blaming the victim?
  - airza 9y ago
    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.
    - emodendroket 9y ago
      It was really something to watch people learn in real time why various regulations exist.
fjdlwlv 9y ago
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.
- emodendroket 9y ago
  Karpeles may or may not be criminally liable for his actions, so maybe not "exactly as much."

emodendroket 9y ago

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?

looki 9y ago

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.

jikachu2 9y ago

If you get 1/10th of what you are owed, you will end up far better off than most creditors in bankruptcy cases.

gaius 9y ago

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?

beaconstudios 9y ago
MagicalTux (Mark Karpeles) actually bought the mtgox.com domain off of the previous owner, IIRC. Under his ownership it was never about MTG.

dragonwriter 9y ago

> 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.

altstar 9y ago
Are you blaming the victim?
- airza 9y ago
  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.
  - emodendroket 9y ago
    It was really something to watch people learn in real time why various regulations exist.

fjdlwlv 9y ago

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.

emodendroket 9y ago
Karpeles may or may not be criminally liable for his actions, so maybe not "exactly as much."