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nvk / bitcointreasuries.NET

https://bitcointreasuries.net
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Removing MTGOX #261

Closed lewww1 closed 3 years ago

lewww1 commented 3 years ago

MTGOX "treasury" is in reality deposits owed to customers (these coins are not assets but in fact a liability that is underfunded). They don't belong to them or have a claim on these assets.

Following this logic, the Coinbase "treasury" should reflect all customer deposits but this would lead to double-counting treasuries (since customers on the list custody with them) and in a way, ruin the data since it's not their actual treasury.

To keep the list pure, I would suggest removing Gox and keeping companies that own the rights to the bitcoin. Even if purchases are funded with debt (ex: MSTR), the company owes $ to the lender, not BTC.

nvk commented 3 years ago

Please search previous issues

lewww1 commented 3 years ago

I did - I don't think it should be on the list regardless of whether the trust has or hasn't refunded the funds to customers. The coins held by the trustee is not a treasury asset, wouldn't you agree?