Yes, complete and utter incompetence by paying people coins that upstream pools decided to run with, and giving bonuses, while not even being able to recuperate any of the hosting costs from the fees and donations from miners on squidnet. I didn't have much of a choice other than to stick with this provider until the very end because the costs were split between between me and my partner. With me doing the developing and maintenance and support and him handling the hosting.

But regardless of the provider utterly destroying the neccesary data, I did give several weeks/months notice to withdraw whatever you had with squidnet as I already suspected that dediserve would screw up with their announced maintenance and I was already planning on packing up everything and end it due to the operation costs... I just did not expect for them to screw up *this* big.

As for keeping several online and offline backups at the datacenters; they were on different hardware in different datacenters. Who would EVER expect for *all* of them fail as catastrophically as it did? All I had was an older offline backup on my local harddisk; A harddisk which also decided to go "FU!" in my face so even that backup is semi-corrupt, and inaccurate, after attempting to recover it.

As for what was lost: Not anywhere near 1000 BTC. Try something more around 60BTC... and that number includes the donations/fees of the entire running time of the pool which were not taken out. So you would probably looking at about 30-40BTC sitting in limbo as I do not have any of the addresses of any of the users anymore, if they have not already moved on and are using a different wallet by now.

And as for entrusting me with your money ever again; That will probably never have to happen again as I am sick and tired of putting up with false accusations and concentrated efforts of discouraging me of developing anything bitcoin-related again for the foreseeable future.

TL;DR; I am a scammer that ran off with a massive negative amount of money.


And for Foxpup's earlier messages: you are aware there are a couple of popular BTC pools and services right now that do not keep recent backups and are only operating on a single server instead of having several redundant online servers in different locations of the world like I did while being able to afford them, right? If you call me incompetent, than what would you call these people? These same people also tend to store your passwords in md5 without a salt... *shiver*

Semantography!

Self-explaining somewhat outdated joke: The Greek economy.

I'm Tim (the Enchanter), owner of the meta-pool Squidnet, and developer of multi-currency web applications.
Also I have been around on the IRC channels since pretty much the inception of Bitcoin, and have decided to give the board a go.