Quote from: iCEBREAKER on October 10, 2014, 06:21:49 AM

Og screwed his fans by ignoring the advice of and calling those who warned him about BFL 'trolls.' It will never recover from the debts owed.

After reading this, I felt compelled to respond. Firstly, I did not screw my fans by ignoring advice. At the time we had one of the first Monarch orders. After making a killing on placing the first SingleSC order, it seemed like a no brainer. Had I known Bitcoin was about to jump 10x in price, BFL was lying about their timeline, or that they had back alley deals to put their partners ahead of their customers on the Monarch batch, I would have acted differently. In hindsight, was it a mistake? Yes. However, I made the best decision with the information available at the time. That is all anyone can ever do. Did I ignore the advice of a few people who were mad that they didn't have the luck with BFL that we had with the SC line? Yes. Were they the majority? No. We were making a ton of BTC off that purchase and most of the fans I talked to were quite excited about our Monarch orders pre-Novemeber of 2013. Once it was realized that BFL was missing date after date, the BTC price had risen so much, asking for a refund would have been a sure loss at every moment from then until now. While I did break down and ask for a 50% refund as BTC dropped below $400, the FTC threw a monkey wrench in the plan and we are now forced to sit and wait for the government to give us our money back. Saying we will never recover is underestimating myself and nonnakip a great deal. This Bitcoin adventure to us is not about maximizing profits today. It is about building something great in the most turbulent environment that will stand up to the test of time. Even if our mining operation went bankrupt, we would have NastyPool and our Minted Seats as potential BTC sources. Not to mention we are always working on new secure services. Thinking that NastyFans is only about mining is very short term thinking.

Quote from: iCEBREAKER on November 21, 2014, 06:15:42 PM

Good news: Og has found Fans to buy his debt.

This is not the most accurate statement. I reached an equity swap agreement with NastyMining debtholders to clear the debt. This caused new seats to be created which then flooded the market due to debtholders using their newfound equity to recover some of their lost BTC. That of course caused downward pressure on the seat price. It is a shame that this fund is trying to liquidate during a time of downward pressure on the price, but I would be open to reaching a swap deal of some kind if shareholders of this ETF had a desire to become pure NastyFans seat owners.