There are no M3 losses. All deposited M3 was and is fully accounted for (now held in Gringotts). binaryFate deposited XMR and sold the M3 to arbitrage B1 - he is owed BTC.
Okay, thanks for the clarification on the binaryfate XMR item. I never thought it was an issue with your depo in any event
I do not support redirecting Risto's assets 'for the good of the game/development' (what legitimate basis is there for that?) when there are players who got screwed by him personally having created and sold unbacked tokens who have a more clear and obvious claim against those assets.
Also, as I said before about abandoned accounts, if his assets remain frozen pending settlement of the debts (or in theory forever) that will drive up the value of the M that does float. Both the game/town and other players will benefit.
Also, as I said before about abandoned accounts, if his assets remain frozen pending settlement of the debts (or in theory forever) that will drive up the value of the M that does float. Both the game/town and other players will benefit.
They will drive up to value equivalently to everyone who owns M, not to those with debts to be repaid.
His assets should be put on auction at a time in the future to settle his debts if it were possible.
His assets should be put on auction at a time in the future to settle his debts if it were possible.
Okay, I can see the perspective of the float argument in regards to M/CKM.
But if we don't accept partial takeover of some assets and/or dilution for everyone, I do not understand how the game will progress as the game has nothing to use to fund development and growth. For example, Town wants 10% of M/CKM. Where does that come from in your scenario? With 4 tril M/CKM, that is 400 bil. They own 43 bil atm. Where does the 357 bil come from?
Yes, an auction at a later date could also be a possibility with Zech's player assets if depo-related items are not repaid. But how are we getting from where we are now to a point in the future where there is actually some demand for the game assets?
Let's look at in from the perspective of a new player/investor. The project has a bad history. There isn't currently even a game. Why do I want to play/invest?
We have one absentee developer who is currently unpaid and does not have motivation to work on CK. Even when he was paid, we have seen the game go on for a year without progress on tech-side or game-side development. If we want people to work on the game or tech, what is their motivation? Just because they want to? They'd be far better off just launching their own project without all the depo-related debts and largely abandoned community.
If game/tech talent is found, how are they compensated? Is town willing to just whittle away it's 1% share of the game?