Ok, thanks for your opinion Sqeak, interesting perspective.
Hopefully we get some more opinions in here (and ones that aren't so hell bent on being holier than thou preachy dicks).
Agree with me on this or not, I don't care but I would like some more ideas from others on how we can get things moving in the right direction again.
My Opinion:
1. He should have stuck to the original T&C. This is what everyone signed up to and everyone was aware of (at least those who bothered to read them). If you couldn't be bothered to do your Due diligence, that's your bad luck.
2. He hasn't done as described in 1, but has produced a bonus hashrate directed at oldest 10 accounts. This is unfair and should be split evenly across all accounts. I am happy for the T&C to change for NEW MEMBERS OR ACCOUNTS but not for existing ones. Even this has not been done as I had some BTC in the queue and that is now under the new 'get the hashrate you buy' scheme and not the old scheme. Good for those accounts but not good for existing members.
3. Any talk of suspending accounts in profit until those not in profit have caught up is ludicrous. Why should sensible, early investors be penalised to offset the losses of late adopters who invested at the wrong time or set up their accounts poorly. That is penalising success and rewarding failure. I do not say this because I stand to gain, but rather because it is common sense.
4. Any solution similar to 3 above is simply robbing one group to pay another. This is unfair. Everyone should get what they signed up to at the time they signed up. You cant tell Warren Buffet he has had enough money from the stock market, so his fund will be suspended until all those who lost money in any market crash get a chance to get their investment back!! What is needed is a sustainable plan to generate more income. The amount owed is not going to decrease, so if we ever want to see those coins back, we need to increase the income.
5. Why have the referals not been fixed so people can advertise etc again? This may assist with 3 and 4 above.
6. The other alternative is for everyone to take a haircut. Write down all outstanding investments! This will be universally unpopular, but it will mean that people will get something back and should allow for further investment going forward. I am not saying I support this, but its an option. However, it would need to be a straight 20/50//80% across all accounts. None of this talk of 'he earnt more than me so he should now lose more!!).
Just my thoughts!