The threshold will not be met? All funds will be refunded?
Yes sadly that is the case. If we don't have 2000 btc by 11 DEC then we will issue an opportunity for refunds to all participants.
Everyone at ARK understandably do not wish for this to happen as we have spent a very long time on our project so far in preparation for our TEC and would be pretty devastating to have to refund everyone, but that is what must be done.
We have discussed the possibility of refunding those who would like to have a refund and also still launching with the amount of people who do not request a refund or after all refunds, we will can sell tokens ourselves from mainnet over time as we are developing during mainnet.
We might have to refund everyone, but it will not kill our project. We will just have to figure out some other method after refunds are completed per the agreement.
that sounds reasonable. It's hard fighting an uphill battle against people you had hoped to partner in prosperity with for the future, and i myself, as i have voiced in Slack, will not, CAN not, support LISK after this.
Im personally big on decentralization and how Max just showed me with few phone calls he can stop me from moving my own coins, whether by ordering exchanges to hold my withdraws, or by knocking off some nodes, i want no part of it.
It's a super shady way to block ARK from putting a fire under his
OWN ass to push LISK forward. Nough' Said.
You guys will carry on, Smartbridge is awesome. Smartbridge will be huge, whether people hate today and join later, or choose to support a REAL Crypto 2.0 project now.
And i for one will keep my investment right where it is, refunds or not

I have total faith in you guys finding a work around to push forward regardless
Remember: Sometimes you can judge if your on to something by how hard people try to stop you...