He sent me a PM, but I'm not going to reply, as I'd prefer all communication be public. I have pointed him to this thread.
From what I saw you didn't respond with the thread link. Your reference led to my thread link for BTCBackers.
I sent you a PM pointing you to this thread, before you PMed me.
If I closed the site, I would have to wait until all revenue is generated (because how would I be able to cover the larger 360% BEFORE the 90 days are up?)
It really is Vods call, I personally think I have this all mapped out, I really hoped for success for the site...but if not, I'll be happy to close up the thread and disable everything on the site and pay out everything once they become due to be paid.
I don't buy into HYIPs. If you really were able to make that money, why pay the outrageous rates you offer? Give a flat percentage and keep the rest - or don't even borrow money at all! Right now it is
very obvious you are using the promise of high rates to get new deposits. Why do you need the constant influx of cash if you make such high profits?
I'd like to see you close the HYIP and pay everyone what you owe them. For those 90 day durations, simply convert them to daily and pay them out.
Sorry if I have caused any distruption in the community, I genuinly thought it was a good idea to open a HYIP to help expedite the growth of my plans.
What do you guys suggest instead of a HYIP? Looks like a securities thread or a long term loan is the only option, but without collateral, obviously not possible.
Luckily, you have a chance to recover from your error. I'll be happy to remove the trust once everyone has been paid back. Hopefully, if you managed your coins well, you no longer need deposits to make money!
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
What do I suggest instead of a HYIP? Borrow your seed money if you need to, then reinvest your profits and don't take on new debt.