macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile Personal Message (Offline)

Ignore
April 22, 2015, 05:21:24 PM

I think they're distributing everything that they can liquidate but decided on paying the coins as coins and not sell them for FIAT. If I remember correctly you can choose your preferred way of getting your coins back when you file your request with Kraken!

That is just a survey for now. If and when Kobayashi is ready to distribute the spoils, he may ask for real whether you want BTC or JPY; but he does not know yet whether that will be possible.  That's what I got from the FAQ he posted.

Are the addresses of the 200k Gox coins to be distributed known? Is it possible that some have already been liquidated?

This will require the claim process to be over (Sept. 9) and then the people involved will judge which are eligible to receive funds and which are not. The official word from the Kraken CEO on reddit though specifies that no more than 20% should be expected (fiat & BTC). Better from nothing, but still... Undecided

Don't expect those 200k will be dumped after receival. Most users (including myself) won't bother at all or just add them to their cold wallets. The fraction of coins traded though will be rather difficult not to be a moving factor for the price. This is far away on my chart though. For now the mini pump seems to be over btw... Pity... Sad