Looks like he has ran with our investment. Strange though considering he had a coin and didnt wait for it to go on an exchange. Maybe he ran into problems with the code
I was wondering about that myself. If N2 was conceived as a pump-and-dump, it certainly was miscarried. If you remember, it remained stuck tech-wise at the pre-asset-exchange level. I know for a fact, through the amount of work MaWo, richwang, lordoliver et. al. put into
NFD, that proper cloning of an up-to-date version of Nxt as well as updating the clone to keep pace with Nxt itself is a lot of hard and tricky work.
My guess is that he couldn't do it and choked. And then, true to form in this here board, he ran off with the BTC instead of sending any back. He probably told himself that he was entitled to keep the BTC because he had fulfilled the strict letter of the deal by distributing all the N2 that everyone had paid for. Of course, he doing so meant that he went delinquent on his (at least) moral obligation to further develop N2, but given his earlier decision about escrow I'm probably right about why we'll never get back a single satoshi of the BTC we sent him.
So we're stuck holding a rather unusual bag: a clonecoin abortion which never made it to the term of keeping pace with its Nxt parent, let alone being listed on a major exchange. Strangely, I'm not at all angry or bitter about the outcome even though I have a 21+ million bag. N2 is actually an intriguing candidate for a community takeover by a team of would-be devs who want to earn their programming chops by carrying a stillborn Nxt clone to term. Since it's an untradeable bag anyway, there'd be some leeway for learn-as-you-go mistakes and delays.
