Re: Warning regarding Moolah.io escrow

While I have sold my coins, thankfully at IPO prices moolah's fuck up and totally one sided view of escrow keeps piling up:

Looks like Moolah has already made its decision, and so has the market.

These so-called "devs" will abandon the coin soon after the escrow is released to them.
And, even if they don't, they're incompetent and they're not professional C++ developers or effective project managers, for that matter.

The only hope for SYS as far as market confidence is new management with hard-core development expertise and street cred.

I disagree with the Moolah CEO - I think the opportunity cost and reputational damage will be more severe than you expect. You think you would've learned from Mintpal.

If we decide not to refund, the escrow will be released in a series of staggered phases to ensure continued development. We are also considering contributing an experienced developer to the team temporarily to help them with minor issues.

While I am sure there will be some damage, we cannot breach our contract and the terms stipulated.

Was this series of staggered phases specified in the initial terms? Where?

After all, you can't violate your initial terms.

We can by mutual agreement, this is true of any contract.

It's pretty clear you don't have the "mutual agreement" of the parties that gave you the funds to hold in escrow.

Or are they just irrelevant in your mind?

Changes to reasons to withhold funds, would require public involvement.

Changes to how those funds are released (to be more restrictive), if approved, only requires the approval of ourselves and the Syscoin team.

While first he gave them 48hrs to correct it, now he is starting to talk about releasing the money - staggered or not. This as can be read from the last post can be done with moolah and Syscoin's glove-in-hand talks. So much for public confidence.