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Ironically, is mt gox about to make some millionaires?

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by COINS NEWS 102 Views

Now I'm not fully up to speed with the bankruptcy proceedings or who gets what, or if some people miss out totally, etc. But this was in 2014 it went bankrupt. AFAIK, they haven't got all of it back, but they got some . Payments are starting, according to the website.

Much like the famous Bitcoin on a hard drive in landfill guy (James Howells), this money has been sitting it total statis ever since 2014 (technically maybe not since it might not be the original Bitcoin, but if you owe someone an asset in a bankruptcy you obviously have to pay them the current market rate or however much you can muster up and divide fairly, not the original market rate) and Bitcoin is worth 31 times more now.

Obviously, if people had the Bitcoin and it never got hacked it would have been traded away on the latest bump up or down. But since it got hacked, you might become a millionaire if you can get back bitcoin from mt gox (not inconceivable, especially if you owned a business or something, either business or "business", whatever the case may be). As I say, I'm not sure whether it's 50%, 25%, or 5%.

I just haven't really heard this discussed before, the fact that a so called disaster might make you a millionaire.

Edit: they've recovered 200k Bitcoins out of 750k customer Bitcoins and 100k of their own Bitcoins. So 26% round about. Not even that bad. Of course the big boys like the tax man and banks come first.

submitted by /u/FirstGonkEmpire
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