Quote from: nioc on January 17, 2014, 02:20:05 AM

Quote from: deadgiveaway on January 17, 2014, 01:10:18 AM

Quote from: randuev on January 17, 2014, 12:59:48 AM

if captain (you) steers the ship through the shallow waters (freerolls+gtd) why do you blame the sailor? captain is responsible for everything. you said yourself that freeroll structure was your doing, even though number of players (myself included) have said that there are so many freerolls that nobody is playing ring games. yet they continued to drain the funds until none were left and then we went into red with guaranteeds that had on average 40-50 percent fill rate.

before you walk away, are you going to pay people off or not?

Well obviously you're another idiot who doesn't know how to drive necessary traffic to a poker room. Keep complaining about freerolls, even though you played them all the time. Besides, I already said they were removed. Did you see what it did to the traffic? Well, luckily we had already a player base big enough by then to keep it going with the GTD's, so long as we could process withdraws. When that shit hit the fan, that's when everything got ruined. Of course I also mentioned before, the low turnout from the Sunday 5k GTD did more damage to us than the freerolls, and yet I still firmly believe it was a necessary tournament. It's simple, you need to put money into the site if you expect to see any money out of it in terms of profit from rake. Otherwise you're wasting your time. Now, explain to me why it is my duty to pay anyone anything? I've put my money into the idea of a prosperous BitsPoker. That amount exceeded the amount that is owed by players, meaning I think a more fair deal would be to submit to the coercive accusation that I'm a failure, leave, and give the 50% as per the agreement back to Cyrus, and he can hopefully find another more suitable investor/partner/owner/whatever who I imagine would cover the .25 BTC (rough estimate) in pending withdraws.

The point nobody is addressing is the fact that player funds are not to be used for running the site. If you run out of operating funds there should be no issue paying back the players THEIR btc.

Obviously the players' money was used to run the site even though we were never offered to nor agreed to invest on BitsPoker.

Yep and one of the first things Cyrus wanted when we started getting deposits, was BTC to pay for expenses right out of it. That struck me as highly unethical and I then realized I was in real trouble.