however, the low rates may be just to attract early investors. additionally there may be a 'reputation cost' when running away with the coins what might swings the figures.
thoughts?
The economic incentive at this point is not enough. You have to weigh reputation (which is useful in the future), morals, risk of being caught (basically zero, c.f. BS&T), and time value (better to have money now than later).
- What is the value of dooglus' reputation, to him? If you were in his shoes, how much money would it take before you sold your identity or scammed someone?
- What is the value of dooglus' morals? This is rather tricky to find out.
- How hard is it to find
and prosecute him, under Canadian law? There's no precedent whatsoever, even in the USA. The closest that I can remember is the teenager who ran the BitMint or whatever it was getting scared into repayment by threat of lawsuit.
- dooglus is earning 5% of all profits, but he also probably has some unknown amount invested himself.
There are several different ways that he could pull off a scam without being caught, as well. He has read-write access to individual accounts, the bet history, the server secrets,
etc.
Also, watch the total invested sum. It's more dangerous once it's been past the peak for a while.
I think the fact that the community is willing to invest 19,301 BTC with dooglus is indicative of his trustworthiness.
You must be new here.
I'm more worried about someone figuring out where he lives and stealing the computer that contains the offline wallet.
That is
not what you should be concerned about, if the millions of posts on this forum are any guide at all. It's also no excuse for anonymity.
Perhaps another solution could be arranged where a portion of the invested BTC are stored in paper wallets that are held by other trusted members of the community with the private keys being split amongst them in a manner that requires coordination by three out of five to send BTC to the hot wallet.
This I could get behind.