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This is equivalent to suggesting that the best course of action with a business that has gone bankrupt is to allow itself to be looted by some of its' customers
by buro9 13y ago
This is equivalent to suggesting that the best course of action with a business that has gone bankrupt is to allow itself to be looted by some of its' customers.
Rather than attempting to rebuild value to return a higher proportion of cash/goods to all customers, or paying debtors according to contractual priority.
I think you're unlikely to get your wish.
- waterlesscloud 13y agoNot if you capped withdrawals at 60% of your balance.
- jobigoud 13y agoBut how do you know whether the issues that caused the debacle are fixed or not? At that point it appears unclear that anyone knows the full details of the issues, including the MtGox team. Reopennig now might be risky.
- PeterisP 13y agoYou'd need to know if it's really 60% and not, say, 59%; and you can't know that until the assets are actually liquidated - you can estimate the value of your stuff/buildings/whatever, but you'll know for sure only when they are actually sold.