I'm really open to hearing your thoughts on what my next move should be. What would you do if you were in my shoes? Your opinions are much appreciated!
Is it too late to try this?
My suggestion: Everyone who have fund there in the notes, submit withdrawal [full amount], leave nothing. You will get the Letter of Guarantee. Verify the message. The letter will have withdrawal address and anyone can easily verify that the funds were not received. Do not use this address in the future just in case someone get a chance to tell that you received the funds.
If you can prove your money disappeared, you can create a type 3 Flag. And file a claim:
minerjones still has $40k in escrow. I'm curious to see what conditions will have to be fullfilled.
Honestly, I didn't like the whole idea of staking on their platform from the beginning.
That makes two of us:
If the multi-sig balance is 10BTC and you have a Note with a 1BTC balance you will automatically receive 10% of 0.0333BTC every day you keep your Note funded, which is 0.0033BTC a day.
On second thought: this sounds a lot like the many "services" in the past that paid interest on Bitcoin deposits. Usually, that didn't end well.
Are you sure you want to be associated with those?
One very important concern in the business model was the way they always encouraged people to keep the coins in their platform. All they provided was a private note with some numbers and text string, you can not use publicly to verify balance. Does it sound like a Ponzi scheme?
It could be the idea was good, but the lack of users killed it. They wanted 10000 deposits for their "anonymity mining", and reached only 5% of that.
The problem is that it is difficult to prove how much someone had/tried to withdraw because there is no irrefutable evidence for that.
And there's this:
I just (only now) realize that makes the escrow partially useless: if there would be an exit scam, it would be trivially easy to fake losses to claim back the escrow as a victim.