I guess he would have just kept the extra 20x money for himself if he had 'won'.
No, his statement was that he was trying to create a revenue stream,
which I think is very hard to do when trading crypto - it is more like a lottery
and similar to lottery, it is never guaranteed to pay out, it is only luck that you sometimes win,
but in the overall picture you always end up with less money in the end, that is why there are
companies making money running these kind of things.
Anyway - he seems to have genuinely wanted to boost payout for all renters (and himself of course)
but lost his 20x leverage position and thereby the money he put in.
As I said before - just like I do not expect anything more if he wins, I do not expect anything less if he loses,
because he has made a commitment to pay from the sale of domain names that are in the sync fund.
That was a big part of the value of SYNC and the reason that I and many others paid good money to get some.
Now he cannot just say that he had bad luck and ignore SYNC and essentially run away with the money that we invested in SYNC,
because then he might find himself at the receiving end of legal action.
It is simple: make a promise, keep a promise or face the consequences.
Mike, I suggest you do the right thing.
. 
