It doesn't matter whether or not you set aside any money, or if you told them there was a risk. You were running a ponzi. Period.
No one doubts it was a ponzi. My issue is how he planned the shut down with Pirate.
- He created a small reserve fund, while continuing to put most of the coin in his pocket.
- He unilaterally changed the contract to say the reserve fun would be paid out if Pirate went default.
- Pirate defaulted, sent OG his coin back, which OG kept to pay out the reserve fund as promised.
- OG claims Pirate kept the coins, people view the reserve fund as a great idea, rather than the scam it was.
- OG claims he was investigated and cleared to stop people from investigating further
1) OG cannot change the contract without the other person's approval. Any person OG enforced this contract on has a right to sue him for the balance.
2) The blockchain proof Twitchy provided proves where the coins went. OG would be forced to settle.
3) Twitchy, I think we need to get as much info as possible and try and create a list of the people OG owes coins to and the amount. I'm sure these people could use the support right now while OG lounges in his pool.