Quote from: dragonmike on February 02, 2018, 03:54:49 PM

Quote from: flip4flop on February 02, 2018, 03:51:51 PM

Quote from: dragonmike on February 02, 2018, 03:32:44 PM

Quote from: flip4flop on February 02, 2018, 03:30:50 PM

Of course they did not pay. Just keep on prolonging everything because people flocked back to them when they came back up. They have committed to paying 10% back with no timeline on the rest. Ridiculous if you ask me. They could come back and say 10% per year for 10 years. The only way to force them to pay is to stop using them till then start payouts. What is there incentive to pay back in a timely manner if everyone keeps using them?

They don't give you payout timeframe estimates because they don't have the money to pay out, duh.
They need people to mine and pay them their high fees to accumulate enough to start paying back over time. Without enough miners they cannot commit to a timeline. Sounds pretty logical to me.

That's a lot of trust to put back into a company that really has not explained exactly what happened or where the money went. I am not in the habit of blindly trusting a company that exhibited very poor security and handling of funds. So basically you are giving them 90% of the see right now and they are giving back 10% at a time. Seems like they could easily raise that number but are choosing to pay back as little as possible. Been in business a long time and this one amazes me how quickly people are supportive of them.

Definitely.
But even if their intentions are the best (and we have no obligation to believe they are), they wouldn't be able to pay back $80 million worth of lost BTC in the space of one month. Especially after having lost the confidence of a lot of miners.

I completely agree and wouldn't expect them to be able to pay 100% back in the first month or two. I just was a little shocked at 10% being so a low number and then no follow up information on a payout schedule for the remaining 90%. They made a colossal screw up with money handling and they should be operating at a break even/small profit in order to pay everything back as quick as possible with dates set along the way. Paying back 10% seems like they are still concerned with making as much as they can as a company instead of being more focused on repayments.