Mando (the fan name of the nameless Mandalorian bounty hunter) returns the bounty and uses the reward to forge new armor. At the Covert underground lair, the other Mandalorian bounty hunters express their disdain with consorting with "the enemy," in reference to the "Great Purge" where many Mandalorians, including Mando's family, were systematically killed (a la Order 66). They have since lived in hiding, appearing one at a time so as not to reveal their numbers. Now that Mando is the most sought bounty hunter in the parsecs, their presence will be even less. However, since Mando did not violate the code, he has done no wrong and is therefore not dishonoring them.
Did You Know?
When The Mandolorian exits the Imperial safe house the door sentry "eye" is seen hanging from it's arm. It was broken off completely by the Mandalorian in an earlier scene. See more
Because I am your only hope.