Quote from: lunarboy on January 08, 2015, 12:35:25 PM
Is anyone taking legal action here? Huh
I'm not taking legal action, but will be willing to pay 5% of the loan to legal expenses (which is 0.75 BTC in my case). I believe this should be more than enough to cover the initial legal expenses, assuming the BTC price doesn't fall dramatically, and half of the lenders take part (the calculation: total loan * percent for legal action * percent of participants = 2000 * 0.05 * 0.5 = 100 BTC ~ 27,000 USD ).
I suggest 15% of that to go to the (reputable) member in charge of administrating the lawsuit. Unfortunately, I don't have the reputation to do that.
If you're willing to be responsible of such a lawsuit, please reply to this comment and mention if you have relevant experience / qualifications.
Also reply to this comment if you're willing to take part in such a lawsuit, and pay 5% of your loan for the expenses.
Thanks!
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yes , I want to take part in this lawsuit! I willing to pay 5% of the loan which is 9.15BTC