On a more serious note this situation is a false dichotomy.
Zach is creating the illusion that there are only 2 options for bondholders to chose between. He has named his recent contract change to capped bonds "the original contract" and is claiming that we must chose between the new contract where we have zero guarantees of any sort and the "original" contract which is NOT the original contract.
The refusal to justify any of his scammy behavior by claiming he does not provide legal advice is just comical.
As is already evident by his previous lack of accountability with the 2 week mining for hardware period being extended to pretty much whatever he pleased despite what was agreed upon, unnecessary complete lack of communication, affiliation with BFL, false claims of moving the asset to an exchange, not posting the new contract until the AMA had already started, complete lack of transparency and refusal to answer any meaningful questions it's becoming obvious to almost all of us that Zach cannot be trusted.
As time is progressing Zach is somehow finding him self in control of more and more of our money and we bondholders are finding ourselves in control of less and less of our original investment.
Do we really want to hand over absolute power to this thus far very flaky unreliable person with the knowledge that accepting this false dichotomy may very well be the last we ever see of our money and the beginning of a new very wealthy life for the person that has been deceiving us?
As more and more people are realising and pointing out, this is the pertinent point here. Some have called it the "bait and switch", but I think that the phrase "false dichotomy" describes it very accurately. This new contract is being offered to obscure the previous unilateral change to fixed rate contracts which broke the spirit of the original agreement.
The fact that bonds were going to be proportional was represented until very recently, and saying that the original contract never guaranteed that is disingenuous at best, and criminal at worst.
On top of everything else, ask yourself this: if the contracts were always going to be fixed to 100MH/s (or 300MH/s) , why would he expect that anyone would consent to hold back mined coins for reinvestment if rates are fixed? Clearly this is money comes out of investors' pockets, and a fixed rate contract guarantees that it will never be recouped, by definition. At the time, a poll was taken and a >50% majority decision was reached where this was considered a good idea for everyone, but not a single one of those people would have thought that to be a good idea if bondholders were not going to profit from that reinvestment.
This is just one of numerous examples showing that Zach, many months after the "IPO", knew what the spirit of the original agreement was and was intending to keep to that. Then suddenly something changed, and now we are being offered a "choice" to mask the fact that this was ever the case, along with the option to waive any rights we had under the
actual original agreement.
It has been a long wait but the cards are finally down, all that remains to be seen is how the dust settles.