How many hours of programming would the 10.68 btc you owe me get me?
If you want hourly billing, I bill at US$100 / hr. I'll happily exchange 10.68 BTC of CoinLenders debt for 5.34 BTC of services credit.
That's not quite what I had in mind, more like I get 10.68 btc worth of services credit, since that is the amount I had on the site and was lost (aka I am entitled to the full amount), and we use an exchange rate that is not today's (since you have been essentially holding the coins for quite a while and the exchange rate has fluctuated quite a bit), I was thinking closer to 400 or 500 dollars per coin.
In exchange, I will consider your debt to me completely absolved and will no longer pursue legal or any other actions against said debt. I will not charge additional interest or penalties on the time the coins will held. If the site is finished prior to my amount running out, the full amount will be considered repaid. I will have some buddies review all code of the website, and anything they deem to be "funny business' will make our contract null and void and I will still be owed the full amount, regardless of how much work was performed.
I dunno man. I don't think you are in a position to bargain here, you are lucky he's offering anything at all. Plenty of people have tried to come to compromises with him, this is the first time I've seen him even toy with the idea of doing that, usually his response is basically "lolno".
no, he has always said he will do programming as compensation, and I would hardly call this bargaining. He stole/lost/whatever you want to call it 10.68 bitcoin from me, why on earth would I let that debt go for half of what he lost. Imagine if anyone said you loaned me $1000, I lost it in the stock market, but I will do $500 in services for you, I suppose if you don't believe there is any other recourse that could be an option, but usually things like this eventually catch up to people, and then I, as I assume many, will be waiting.
That being said, TF, if your willing to trade my debt for 22 hours of programming time. So (10 btc X $220)/$100 per hour (less than what you owe me and lower than the exchange rate) or finish my website, whichever comes first, I would consider my debt squared. I have an idea, and I would like to get an idea of what it would take to program before finishing up on an agreement.