Quote from: Bitsky on August 30, 2012, 11:06:15 AM

Quote from: payb.tc on August 29, 2012, 11:18:26 PM

the "FIFO" thing was only a side-effect of ordering by USER ID (a number), but it doesn't mean if only only get 50% back later accounts will miss out... if i only get 50% back, then all accounts will get 50% back.

- when you negotiate with Pirate on our behalf, will you accept the first offer or try to get as much as possible from him?

- how will a partial payment (eg 50%) be distributed? Will you simply pay everybody 50% of their current account value, or use the coins to first pay back deposits, taking into account previous withdrawals, to minimize the actual losses of your clients? (SUM(deposits) - SUM(withdrawals) > 0)

- will a partial payment be considered a final settlement, or will you keep on trying to get the rest of the entire payment Pirate owes?

Quote from: CoinCidental on August 30, 2012, 10:03:12 AM

there is many ways to consider splitting the returned funds IF there are any worth splitting .....

i would think the fair"est " (since there is no 100% fair way to decide who gets a haircut ) way is to return the principals of newest people first .......

(im talking about the people who just invested recently and stand to lose near 100% of their principal dont deserve to be raped like this )

(the people who already have taken out MORE than their principal + the ones who were bragging loudly that they cant lose etc ... should be suspended at the back of the payment line,at least until newer folks have their principal back )

You assume that early investors withdrew instead of keeping interest reinvested.
This assumption is often wrong.

Your correct ,in those circumstances where no interest has been pulled out
then ideally everyone should get their principal back first and then the interest
can be fought over Cheesy