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Hosting platform Epik can’t pay any of its users right now
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<blockquote data-quote="DomainsGENERAL.com" data-source="post: 2370027" data-attributes="member: 322978425"><p>Sorry, but you're babbling a lot while deflecting from the fact Epik did indeed find itself in a position where it seemed unable to pay the people it should in no way have had any trouble to pay. That's the facts, the subject, and the reason why I mentioned the idea of "kind of a Ponzi" above. Even if it has been "unintentional", it is quite what happened. Arguing a lot on details doesn't change the core of the matter.</p><p></p><p>The way Epik did setup Masterbucks, operated their escrow service and offered lifetime registrations doesn't look good now in hindsight, according to the end results (before the sale).</p><p></p><p>It seems customers have now been paid, which is good, but apparently with Rob Monster losing his company. Not good for him, and not good for all the drama which took place. This drama problem has been something a bit recurring with Epik. Maybe not always all their fault, admittedly. At one point, people have enough. I know I do.</p><p></p><p></p><p>You might not fully realize what you say yourself.</p><p>There are different level of risks, things supposed to be "risk-free", even if it can be argued it's somehow theoretical, and people accepting to take the risks.</p><p></p><p>Taking risks "on others" without fully disclosing them, is not good. And usually not legal, btw.</p><p>This whole "lifetime registrations" isn't good.</p><p>The whole reasoning you are developing here is probably the kind which lead Epik where it went.</p><p></p><p>"It's risky, but either it works and we make money, or it will be on the naive customers because they won't have their domains renewed 'forever', like they paid for. Silly of them to have believed us. Hey, it's on them!" => NO, that's not the way to do things.</p><p></p><p>You could argue it's the way the insurance business works for example. But all this has to be done seriously, with planning, reserves, usually guarantees which come with regulations, etc. We did see how Epik handled financial matters. This is exactly what it is about, here.</p><p></p><p></p><p>Yeah, I understood your "beliefs" and way of "thinking" since a while.</p><p>Nothing rhetorical about the question. It is a real question. I am wondering, but not enough to go ask the support as I'm not concerned myself. Maybe the answer is yes, these forever registrations will be honored, IDK. The question does exist, tho.</p><p></p><p>"But you should not say anything because of my little feelings and my agenda". => NO.</p><p></p><p></p><p>So, I guess all this is a "No, just a coicidence and no relationship whatsoever". OK.</p><p></p><p>Epik did buy this company. The fact you used this nickname far before doesn't mean much. You could have used the same name you loved for a new project later. Now, it appeared even worse as Epik missing funds could have been used, at least part of them, for all the acquisition spree Epik went into. And as you're "defending" Epik any way possible, even ways not making much sense, yes, a parallel could be made where you actually benefitted yourself from this (bad) way of doing things. Customers funds could have gone to you to purchase the crypto exchange you created. Anyway, thanks for the answer, I note it is just a coincidence and there is nothing there.</p><p></p><p>As for the lifetime registrations, it was only a question, because yes, it did cross my mind. As it probably does cross other people's mind, you know, all those who say nothing. Now it is clear for Amplify exchange (where it seems some people have been screwed of their funds too. I don't know if this has been resolved or not)</p></blockquote><p></p>
[QUOTE="DomainsGENERAL.com, post: 2370027, member: 322978425"] Sorry, but you're babbling a lot while deflecting from the fact Epik did indeed find itself in a position where it seemed unable to pay the people it should in no way have had any trouble to pay. That's the facts, the subject, and the reason why I mentioned the idea of "kind of a Ponzi" above. Even if it has been "unintentional", it is quite what happened. Arguing a lot on details doesn't change the core of the matter. The way Epik did setup Masterbucks, operated their escrow service and offered lifetime registrations doesn't look good now in hindsight, according to the end results (before the sale). It seems customers have now been paid, which is good, but apparently with Rob Monster losing his company. Not good for him, and not good for all the drama which took place. This drama problem has been something a bit recurring with Epik. Maybe not always all their fault, admittedly. At one point, people have enough. I know I do. You might not fully realize what you say yourself. There are different level of risks, things supposed to be "risk-free", even if it can be argued it's somehow theoretical, and people accepting to take the risks. Taking risks "on others" without fully disclosing them, is not good. And usually not legal, btw. This whole "lifetime registrations" isn't good. The whole reasoning you are developing here is probably the kind which lead Epik where it went. "It's risky, but either it works and we make money, or it will be on the naive customers because they won't have their domains renewed 'forever', like they paid for. Silly of them to have believed us. Hey, it's on them!" => NO, that's not the way to do things. You could argue it's the way the insurance business works for example. But all this has to be done seriously, with planning, reserves, usually guarantees which come with regulations, etc. We did see how Epik handled financial matters. This is exactly what it is about, here. Yeah, I understood your "beliefs" and way of "thinking" since a while. Nothing rhetorical about the question. It is a real question. I am wondering, but not enough to go ask the support as I'm not concerned myself. Maybe the answer is yes, these forever registrations will be honored, IDK. The question does exist, tho. "But you should not say anything because of my little feelings and my agenda". => NO. So, I guess all this is a "No, just a coicidence and no relationship whatsoever". OK. Epik did buy this company. The fact you used this nickname far before doesn't mean much. You could have used the same name you loved for a new project later. Now, it appeared even worse as Epik missing funds could have been used, at least part of them, for all the acquisition spree Epik went into. And as you're "defending" Epik any way possible, even ways not making much sense, yes, a parallel could be made where you actually benefitted yourself from this (bad) way of doing things. Customers funds could have gone to you to purchase the crypto exchange you created. Anyway, thanks for the answer, I note it is just a coincidence and there is nothing there. As for the lifetime registrations, it was only a question, because yes, it did cross my mind. As it probably does cross other people's mind, you know, all those who say nothing. Now it is clear for Amplify exchange (where it seems some people have been screwed of their funds too. I don't know if this has been resolved or not) [/QUOTE]
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