remind us what the project is ?
and more importantly, where do you get the funds to pay people back ? is that from the project ?
and more more importantly.. what if the price of btc goes back to $1200 overnight ? could you still afford to pay it back ?
I have started local bitcoin hand-to-hand exchange service. All funds to pay back will be gained from the project. Most part of coins will stay on wallets. After each transaction I will fulfill amount of coins as fast as possible. I'm working together with my brother and his son, so we are able to monitor bitcoin price 24/7 to prevent funds loss.