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Mark Karpeles Will End Up Taking $859M from Mt. Gox Bankruptcy

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Re: Mark Karpeles Will End Up Taking $859M from Mt. Gox Bankruptcy

#71

Earlier quoted context omitted.

I don't recall having requested Yen at any time. There was a form to be filled out and I clearly stated that I prefer to be paid in Bitcoin. But I guess I am not big enough a fish to have a say there.

What do you think the lawyers want to be paid in?

What's the amount of lawyer claims in percent in this case?

Does or should this enable them to override the wishes of the creditors?

Re: Mark Karpeles Will End Up Taking $859M from Mt. Gox Bankruptcy

#72
I see often the question here: What would have happened if BTC went down to 2$?

The thing is:

If it goes down, he pays nothing.

If it goes up, he pays up to ~400$ per BTC. That's a hell of a call option in my eyes.

In order to avoid that, the responsible should have sold everything in the beginning or he should have set the claims to be in BTC upfront.

But you cannot keep speculating with other people's money for 5 years and keep the profits in case A or pay nothing in case B.

Now since case A happened, these profits are a consequence on the risk taken with other people's money, so it's also the profits of other people.

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