Post
Topic
Board Securities
Re: [NastyFans.org] NASTY MINING | POOL | COINS
by
Bronstad
on 22/07/2014, 19:38:31 UTC

I have no intent to mislead anyone.  I will continue to be honest about the situation and present things as they are and not how I would like them to appear.  With the rise in BTC, lenders who have been paid back thus far have received nearly 10x the amount lended in USD, which the lended funds were converted to upon receipt.  As the largest lender, I would much rather see everyone accept less in BTC across the board so that we can all realize USD gains quickly as opposed to having to wait possibly years and deal with uncertainty.  I would think that most lenders would agree, but I have no intention of forcing people to accept less than the BTC amount lended, even if continuing to wait is not in anyone's best interests.


Thanks for clarifying. As a fan, I want to see NastyMining succeed for many years to come. My concern was with the continued hashrate improvement, as bigger weekly donations are my ultimate, albeit greedy, goals. I too hope no more loans are needed. I worry that another poll will need to be made to re-increase the amount pointed at debt repayment if it starts to take too long. But also want to see the hash rate continue to increase as time goes on.

The only thing that rubs me the wrong way with your explanations is bringing in the USD conversion rate. What the conversion is now, compared to when the loan was made should have no bearing on anything. As I doubt you would double the amount of BTC returned to them if the conversion rate was to drop to $50/BTC. But as you mentioned you have no intention of forcing people to accept less BTC then lent, so I hope the lenders are still feeling okay with their involvement.