4 ms·

I am a ~1BTC debtor of MtGox, and while I understand that this is a positive development for those with substantial assets, I kind of just want to get something

I am a ~1BTC debtor of MtGox, and while I understand that this is a positive development for those with substantial assets, I kind of just want to get something and move on. The fact that I now have to dig through my paperwork and refile another claim, and maybe wait another year or five is annoying.

tinco 8y ago
Your claim was worth around $483 plus some interest. With this CR your claim will be worth that plus over 15% of what a BTC is worth in those N years. Your claim will likely be doubled, surely that's worth under an hour of your time scanning your passport again?
- ianferrel 8y ago
  If I were actually sure to get that money, of course. I'm not as confident as you are. Let's put it this way. If I were to offer you my full stake of whatever I am due from MtGox in the next 5 years, would you pay me $450 right now? (Assume I can prove to you that my original claim of not quite a bitcoin was valid)
  - tinco 8y ago
    Yes. That's quite a good deal, the trustee has already secured cash backing for the cash value of your claim.
    - ianferrel 8y ago
      Cool. I'm in. What sort of proof do you want me to provide?
      - tinco 8y ago
        Shit, now I actually have to come up with the money ;) In July the trustee is going to announce how the claims are supposed to be made. I'll send you another message when that's clear so we can set something up. If I forget or try to chicken out you can contact me on mail at tinco dot nl.
        ianferrel 8y ago
        No no no. No fair kicking the can down the road. :) I have to decide how I feel about this now, and how I feel about it now is "well, my chance of a payoff just got more uncertain". The longer we wait, the less uncertainty there is. If you think I should be happy about the news, then you should want to take the risk right now not in a few months after whatever new information comes out.
        tinco 8y ago
        In my head the big uncertainty is how long the claims procedure is going to take, and how long the determining of the final CR plan is going to take. The estimates seem very optimistic to me, so I totally understand your hesitance in feeling good about this development. But I can't buy your claim if I don't know what is needed to transfer the claim.
        ianferrel 8y ago
        I understand. I think I made my point. It looked like I was on track to get ~$400 sometime fairly soon. Now I maybe get a bunch more, but possibly further years down the line, and I have to file more paperwork and keep thinking about it and all that nonsense. That's not an update I'm happy with, even though the nominal claim I have is larger. I'd rather just have the $400! And so would you. Cheers.

tinco 8y ago

Your claim was worth around $483 plus some interest. With this CR your claim will be worth that plus over 15% of what a BTC is worth in those N years. Your claim will likely be doubled, surely that's worth under an hour of your time scanning your passport again?

ianferrel 8y ago
If I were actually sure to get that money, of course. I'm not as confident as you are. Let's put it this way. If I were to offer you my full stake of whatever I am due from MtGox in the next 5 years, would you pay me $450 right now? (Assume I can prove to you that my original claim of not quite a bitcoin was valid)
- tinco 8y ago
  Yes. That's quite a good deal, the trustee has already secured cash backing for the cash value of your claim.
  - ianferrel 8y ago
    Cool. I'm in. What sort of proof do you want me to provide?
    - tinco 8y ago
      Shit, now I actually have to come up with the money ;) In July the trustee is going to announce how the claims are supposed to be made. I'll send you another message when that's clear so we can set something up. If I forget or try to chicken out you can contact me on mail at tinco dot nl.
      - ianferrel 8y ago
        No no no. No fair kicking the can down the road. :) I have to decide how I feel about this now, and how I feel about it now is "well, my chance of a payoff just got more uncertain". The longer we wait, the less uncertainty there is. If you think I should be happy about the news, then you should want to take the risk right now not in a few months after whatever new information comes out.
        tinco 8y ago
        In my head the big uncertainty is how long the claims procedure is going to take, and how long the determining of the final CR plan is going to take. The estimates seem very optimistic to me, so I totally understand your hesitance in feeling good about this development. But I can't buy your claim if I don't know what is needed to transfer the claim.
        ianferrel 8y ago
        I understand. I think I made my point. It looked like I was on track to get ~$400 sometime fairly soon. Now I maybe get a bunch more, but possibly further years down the line, and I have to file more paperwork and keep thinking about it and all that nonsense. That's not an update I'm happy with, even though the nominal claim I have is larger. I'd rather just have the $400! And so would you. Cheers.