Quote from: dooglus on April 01, 2013, 08:16:12 PM

Quote from: Seal on April 01, 2013, 09:03:02 AM

I was surprised that he only paid out 75% when he stated he could pay 100% back after the 1 year anniversary of the site being shut down. I thought he stated clearly he would pay back as much as he could. With the recent appreciation, should be able to pay out 100% of claims and have change left over to keep (can somebody run the numbers?). Dooglus, can you clarify what you are going to do with the remaining 25% and your next step in final resolution to this debacle?

I messaged you before saying I'm happy to pay him upon the resolution of repayments, however 25% for me is still well over $1000 which is a very large sum for a 'little tip'.

Hi.

No matter how high the price goes, I'll never be able to pay back 100% of what is owed, since all the dollars went 'missing'. I've always had 100% of the owed Bitcoins and 0% of the owed fiat. As the Bitcoin price rose, the owed fiat amount became less significant. When the exchange closed down the missing Australian dollars were worth significantly more than the BTC I was holding, but as the price grew that was no longer the case.

At the 1 year anniversary of closing down, I converted the owed dollars to Bitcoins at the prevailing exchange rates, and arrived at the 75% figure. That's the amount I can be sure of being able to pay back if everyone with an outstanding balance puts in a claim. If so people don't put in a claim then I'll be able to pay back more, but I don't want to pay out a bigger percentage to some than to others.

I've received more claims since the deadline, and still haven't heard from the guy who couldn't remember his login details. 'scales' perhaps? He posted in this thread around the time the first payout happened.

It's currenty looking like I'll be able to pay out the remaining 25% or so that's owed.

I propose allowing another 2 months for late claims, and paying out the remaining funds on 1st June.

I already converted the AUD amounts to BTC, when I made the first payout. I don't see how I can re-convert it at the new rates.

I hope that's satisfactory for everyone concerned.

How have you re-payed them when http://blockchain.info/address/1DodGYjF5LFoKg186jANZV9U8znXjagSzS clearly just siphoned the money into multiple 100 coin addresses, presumably all under your control?