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21  Bitcoin / Hardware / Re: The Habanero Project - Third Party HF Mining Board on: March 17, 2014, 10:28:43 PM
Habaneros are among the fiercest of of peppers and not easily tamed.  But when properly handled/roasted, the reward is sheer bliss.

LMK if I can do anything to help.  Best of luck in your ambitious yet timely project!
22  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 17, 2014, 02:42:18 PM
However, good luck with using this kind of arguments to prove your innocence.

Prove my innocence?  Sheesh, I wasn't expecting the Spanish Inquisition!   Shocked

It is not possible for one to "prove their innocence" because only a positive claims, like accusations of guilt, may be proven.

You can't prove a negative such as innocence.  It violates the rules of logic.

Have fun with the rest of your witch hunt!   Smiley
23  Bitcoin / Hardware / Re: HashFast Sierra's Owners Thread on: March 17, 2014, 09:59:06 AM
Please detail what I should disconnect to isolate a single board to try and determine which is giving me the LIBUSB error.

Nearly a week has passed and not one response to my emails to hashfast regarding my faulty units.

Use the latest cgminer and firmware.  Run at 550Mhz when troubleshooting.

Take pictures of the original config before you change anything so you can put it back.

The ribbon cable is used to link the chain.

Disconnect all the ribbon cables to isolate a board.

Use two PCIE power cables from the same PSU for an isolated board.

Connect the power cable (white connector) from the board to its PSU, if it is not already.

Connect the USB cable (black connector) to the board, but make sure the thick black wire is closest to the ASIC (red wire farthest from ASIC).

Try running the boards in pairs (sets of two).  If that works, add the third back in.  Some boards don't like to the be the master (first board in chain) so try boards in different orders.
24  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 17, 2014, 08:54:38 AM
what I should be doing is perusing criminal charges. Your theft is not just a civil matter at this point

Oh brother, could you possibly be more maudlin and self-pitying?   Roll Eyes

A 105% refund is not "nothing" no matter how much you prefer a 600% windfall.

No court is going to ignore the fact you refused a refund in legal tender.

Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).

Wow, I've been following Hashfast hoping to buy from them after they worked the kinks out of their first batches but after reading the stories in the various threads on here I gotta say I wouldn't go near them.

You contradict yourself and change your story so much it is hard to take you seriously.  It's also pretty incredible that you are here disparaging your customers for asking you to hold up your end of the bargain.

A check isn't legal tender, cash and coin is. You were also apparently forcing people to agree to additional terms and conditions if they accepted that check.  That isn't a refund that is hush money and it appears that no one is buying your crap so now you are on here calling them names!

Hashfast seems to be the one wanting to hold onto ill gotten windfall profits.  You guys look to have been totally incompetent in your execution and when you realized you were sitting on $100 Million+ is USD gains because of Bitcoins price increase you decided to hire a lawyer to try and keep it even though you failed in every respect to provide the products your customers paid you for in a timely fashion even by your own changing definition of on time.  In the mean time you put on a good show of trying your hardest to fix your issues while you fend off the lawsuits from the customers you defrauded and end up with a nice pile of cash/Bitcoin if it all works out in your favor in a few years when all the lawsuits are resolved.  Incredible.

Anyone want to make a BTC bet that someone from Hashfast ends up in prison for fraud before this is all over because I gotta say it's looking more and more like a straight up con.

A check represents legal tender.  If you had a stronger argument, you wouldn't need to delve into such silly semantic games.

A "straight up con" wouldn't have

-designed, produced, and delivered multiple petahashes of the World's Fastest Bitcoin Mining ASIC
-given 105% refunds to the few who requested them
-given MPP for free as delay compensation

Madoff was a "straight up con."
Pirate@40 was a "straight up con."
Labcoin was a ""straight up con."

Maybe you should be more careful with your choice of words, because when you accuse a legitimate business of being a "straight up con" it makes you look unwise and less than credible.
25  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 17, 2014, 08:47:44 AM
You have time to complain to the forum, bother the State of Californa, and hire a lawyer.

But you don't have time to actually pursue a case in court?

More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.

Better stick to the court of public opinion, where your narrative of victimization may fool a few rubes.

"Emotional tolerance?"  IOW, you can't stand the idea of a judge ruling your demand for a free pony named Windfall is ludicrous.  That buyer's remorse is just awful, isn't it?   Sad

Why did you agree to be a windfall?

How can you offer full btc refunds thinking the price will be stable? Are you new to bitcoin? Since the invention of bitcoin, we have yet to see a period longer than a few days let alone months where the price did not swing dramatically. If you did not understand that then you should not be doing business in bitcoin.

Then you create a windfall protection plan by offering possible compensation for delays.

Then you decide to give neither btc refunds or the extra hashing power which was the only reason people decided to go with your company.

Then you complain that it is the customers who are mistakenly looking for a windfall when you sold them a windfall.

Good luck in court.

Thanks for helping make my point, that HashFast's ToS do not provide for windfalls or otherwise create unlimited liability on our part in the event of massive BTC/USD fluctuations.

Any interpretation of the ToS claiming HashFast must provide windfalls or otherwise be infinitely liable for BTC/USD fluctuation is not reasonable, much less enforceable.

MPP is coming SoonTM.  Sit tight and be patient.  Great things come to those who wait!   Wink
26  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 16, 2014, 11:44:25 AM
what I should be doing is perusing criminal charges. Your theft is not just a civil matter at this point

Oh brother, could you possibly be more maudlin and self-pitying?   Roll Eyes

A 105% refund is not "nothing" no matter how much you prefer a 600% windfall.

No court is going to ignore the fact you refused a refund in legal tender.

Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).
27  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 16, 2014, 10:31:37 AM
i think you got a chance there.
Sadly, I don't because I simple don't have the time— or emotional tolerance— to see these guys through to court. Fortunately other people are already in the process of suing them, so some amount of justice may still be served.

I started the heavy prodding in public when I saw they were soliciting more rubes to screw over, with only a mild hope that I'd ever see a dollar or a Bitcoin out of them— that maybe if they saw they they were going to be able to get away with the highly profitable task of pulling in more victims without complaint they might try to rescue things with their past customers.  I think that at least the recent noise has been successful at increasing a lot of awareness, and maybe saved some people a $6k loss, so thats all good.

If there is anything someone thinks I can easily do to help them recover please let me know.

You have time to complain to the forum, bother the State of Californa, and hire a lawyer.

But you don't have time to actually pursue a case in court?

More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.

Better stick to the court of public opinion, where your narrative of victimization may fool a few rubes.

"Emotional tolerance?"  IOW, you can't stand the idea of a judge ruling your demand for a free pony named Windfall is ludicrous.  That buyer's remorse is just awful, isn't it?   Sad
28  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 16, 2014, 01:38:14 AM
There was no breach of contract; HashFast either delivered the goods or issued (5% more than) full refunds to all Batch 1 customers.

Here's the contract.

The answer is if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.

"Contract?"

Sorry, but that's just a post on an internet forum, not a contract.  The ToS are binding, not statements made during an extended period of relative BTC/USD stability (just prior to an unpredictable and unprecedented explosion in BTC value).


Who was refunded 105% BTC? No one? That's the breach.

Not many customers took advantage of the full refund provision, but some did, and they have been paid (except for those windfall-seekers who returned the check and now tell lies about how HashFast sent them nothing).

If you refuse a more-than-full refund in legal tender (IE USD) there is no longer a breach to cure.
29  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 11:59:00 PM
Yes, sure, that was before the 15m$ they claimed to have made on sales.

But how do you spend freaking 15 millions dollars, in addition to the VC money? By not building the machines you were paid for? Like in first class air flares for every employe?

No, that's certainly not the case.

No company being sued for FRAUD would have ever done that.
Posted from Bitcointa.lk - #luAcL2UNC2e6T99Q

We built the machines we were paid for; in some rare cases we issued (5% more than) 100% refunds.

Paying salaries/rent/taxes is expensive, R&D is expensive, tapeout is extremely expensive, wafers are expensive, fleshing out supply chains is expensive, assembly is expensive, QA is expensive, writing microcode/drivers is expensive, and paying lawyers (thanks to a couple of disgruntled customers who insisted on taking the legal route) is VERY expensive.

Trust me, HashFast isn't spending money on first class air 'flare' for every employee (I wish they would though).   Grin
30  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 11:43:19 PM
Listen carefully because repeating this is tiresome:

A statement based on and made during a long period of BTC/USD stability cannnot reasonably expected to be maintained given a huge, unexpected spike in the exchange rate.

Yes, complying with the terms of a sale are tiresome. It's so much easier to breach the contract and keep the money and not deliver the goods. It's so much more profitable too!

There was no breach of contract; HashFast either delivered the goods or issued (5% more than) full refunds to all Batch 1 customers.

The only people who find the ToS tiresome are those who fervently wish for a magical pony named Windfall, and won't let pesky, difficult concepts like

-buyer's remorse
-opportunity cost
-20/20 hindsight
-legal tender
-reasonability
-medium of exchange
-equity

block their righteous path to the promised land of contractually guaranteed free money.   Roll Eyes
31  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 11:13:36 PM
"Full BTC refunds" means a full refund of the price (which is always denominated in USD) via the exchange medium of BTC.

Nope. Read carefully.

The answer is if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.


Listen carefully because repeating this is tiresome:

A statement based on and made during a long period of BTC/USD stability cannnot reasonably expected to be maintained given a huge, unexpected spike in the exchange rate.

Are you familiar with the concept of 'reducio ad absurdum?"

It means that if your argument leads to an absurd conclusion, it is false.

IE:  If BTC went to a million, your assumptions would lead to the absurd conclusion that HashFast owes gmaxwell $98,000,000.

Nothing in the ToS indicates HashFast has unlimited liability for BTC/USD exchange rate fluctuations.

No court or arbitrator will ignore the principle of equity in favor of construing the ToS to require infinite risk for HashFast.

Only the self-interested intentional delusions of the greedy, windfall-seeking plaintiffs would make such a ridiculous case.
32  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 10:19:07 PM
cedivad is offline so the thread is now unlocked.

The reason for introducing the legal concept of a 'windfall' is so observers will not be mislead by those falsely claiming HashFast hasn't provided full refunds for the small number of Batch 1 customers who requested them.

Doesn't matter if you call it a "windfall" or not, BTC refunds for BTC purchases were the original agreement by HashFast

That's correct; it doesn't matter if *I* call it a 'windfall' or not.

What matters is if a judge or mediator calls it a 'windfall' or not.

The legally binding language is in the ToS, not a statement made prior to the sudden and rapid appreciation of BTC from $100 to $600, during a long period of BTC/USD stability.

Query: If BTC went to $1,000,000 would you still expect HashFast to pay out millions of dollars in windfall refunds?

If you answer is 'yes' you may want to check the validity of your premises, because they have led you to an absurd conclusion!   Smiley

But if BTC crashes to $10, you would happily refund the original BTC amount right?

What a piece of shit that you are. I pray to god your family dies due to horrific disease

US law requires a full refund in US dollars.  That's been very clear all along.

If BTC crashed to $10, you could have taken your legally required 100% USD refund and bought loads more BTC.  Sorry, but that didn't happen.
33  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 10:15:09 PM
Why did you promise full btc refunds if either:

a. You don't understand the volatility of bitcoin

or

b. You don't hold all btc payments in full in case of refunds.

If HashFast had enough resources to build your machine without your money, we would have simply kept the machines for ourselves and not taken the unnecessary (and risky) step of involving customers.

"Full BTC refunds" means a full refund of the price (which is always denominated in USD) via the exchange medium of BTC.

Unfortunately, the decision of a few disgruntled customers to lawyer up and go the legal route forced HashFast to issue refunds solely in USD.
34  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 09:36:16 PM
You voluntarily chose to spend your 98 BTC and now regret it because of post-purchase appreciation.  

That's a textbook case of buyer's remorse.  I know how it feels bro.  It feels bad, but the correct course of action is to get over it and learn a lesson, not throw a raging fit in public.

Ah, you found a new term in the dictionary, "buyer's remorse". Another nice term that has absolutely no bearing on this case. HashFast promised full BTC refunds if they were late. Need me to post proof again? The customer is entitled to a full BTC refund, for any reason, because HashFast failed to deliver on time.

"Buyer's remorse" is not a new term in the dictionary; in fact it's very old, well known, and has everything to do with this case (wherein reasonable understanding of context is studiously ignored because it precludes grants of outlandish windfalls).

Quote
http://en.wikipedia.org/wiki/Buyer%27s_remorse

Buyer's remorse is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a car or house. It may stem from fear of making the wrong choice, guilt over extravagance, or a suspicion of having been overly influenced by the seller.

Buyer's remorse is thought to stem from cognitive dissonance, specifically post-decision dissonance, that arises when a person must make a difficult decision, such as a heavily invested purchase between two similarly appealing alternatives. Factors that affect buyer's remorse include resources invested, the involvement of the purchaser, whether the purchase is compatible with the purchaser's goals, and what positive or negative evidence the purchaser encounters post-purchase that confirms or denies the purchase as a good idea.

That is the psychological side; it's economic counterpart is called 'opportunity cost'

Quote
http://en.wikipedia.org/wiki/Opportunity_cost

In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.

The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen".

HashFast, or any other merchant of any other good or service, is not responsible for the opportunity cost incurred by a customer.
35  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 08:49:50 PM
during a long period of BTC/USD stability.
The statement was made in August and the market crashed from 250$ in April... so 3 months is a long period of BTC/USD stability?

Thanks for the gem.
Posted from Bitcointa.lk - #TFLFPqSAud9iABEP

Yes, 3 months is a relatively long period of BTC/USD stability.

The $100-$120 range was in effect for eons of Bitcoin Time.   Tongue

There was no way to predict (unless you're cypherdoc) those bounds would be broken on a spike to $1200 and retrace to $600.
36  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 08:33:46 PM
Let me be completely clear: HashFast sent you a 105% refund, which you admit to returning because you feel entitled to a ~600% windfall based on nothing more than post-purchase appreciation of your chosen payment medium.
You sent me a check which was clearly labeled as a _settlement_ for about 10% of the value you owed me and contained a long list of burdensome conditions, such as that I couldn't tell other people how much you screwed me over. I don't believe I could ethical accept terms like that, nor should I especially for such an enormous loss.  You sold me a machine to mine bitcoin and then you failed to deliver. As a result I lost most of my purchase price— and at the moment all of my purchase price because you refuse to refund and instead  

Quote
You know this is true, which explains your failure to get a lawyer. Good job wasting taxpayer money by going the legal route via a complaint to the state of California.   Wink
You again prove that you're not actually reading the certified letters arriving, I have an attorney. I also have not complained to the state of California, though I suppose I probably should do that as well— especially now that you've made it clear with your consistent direct lying as you're doing here that you aren't operating your business in good faith.

Quote
I see you used your moderator powers to unlock the thread and have the last word.  Very nice; did you also use your mod powers to ask cedivad to stop spamming us with re-posts?  Your own rules say edit-warring moderated threads is not acceptable...
I didn't unlock the thread. Your locking of it, however generated a number of moderator reports, so I presume someone did it.  SOP around here is that we do unlock threads when scamming vendors try to use locking to suppress people from discussing their fraud.

And please, you think I'm about to lift a finger to help you after you've fucked me over like this and behaved in such an unprofessional manner? The fact that I'm disinclined to apply the full power available to me against you should in no way be interpreted as suggesting that I think I owe you anything. I already gave you every kindness by attempting to resolve your default for three months in private before blasting you in public— attempts seem to have been completely ignored.  You always have the option of going away or convincing some other moderator who you haven't defrauded and deprived of 98 BTC. I've asked people to not repost the same stuff and to keep their posts related to their concerns that your new product (such as concerns that it will not be delivered or perform to specification based on your past and continuing dishonest and unethical business conduct), but beyond that as far as I'm concerned you can pound sand...

You are not going to get a $65,000 refund for a product you only paid $12,000 for.

You voluntarily chose to spend your 98 BTC and now regret it because of post-purchase appreciation.  

That's a textbook case of buyer's remorse.  I know how it feels bro.  It feels bad, but the correct course of action is to get over it and learn a lesson, not throw a raging fit in public.

Also, if VE and Crumbs can be banned from the self-moderated Activemining thread, cedivad should behave himself here or be shown the door.
37  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 08:24:24 PM
The legally binding language is in the ToS, not a statement made prior to the sudden and rapid appreciation of BTC from $100 to $600, during a long period of BTC/USD stability.

So what you're saying is, HashFast representatives lie when necessary to protect the company. Gotcha.

No, I never said that.

Are you saying that HashFast should have to pay out billions of USD refunds, if BTC went to a million dollars each?

If you are (as appears to be the case) please check your assumptions, because they have lead you to an unreasonable and obviously silly conclusion.
38  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 08:12:01 PM
cedivad is offline so the thread is now unlocked.

The reason for introducing the legal concept of a 'windfall' is so observers will not be mislead by those falsely claiming HashFast hasn't provided full refunds for the small number of Batch 1 customers who requested them.

Doesn't matter if you call it a "windfall" or not, BTC refunds for BTC purchases were the original agreement by HashFast

That's correct; it doesn't matter if *I* call it a 'windfall' or not.

What matters is if a judge or mediator calls it a 'windfall' or not.

The legally binding language is in the ToS, not a statement made prior to the sudden and rapid appreciation of BTC from $100 to $600, during a long period of BTC/USD stability.

Query: If BTC went to $1,000,000 would you still expect HashFast to pay out millions of dollars in windfall refunds?

If you answer is 'yes' you may want to check the validity of your premises, because they have led you to an absurd conclusion!   Smiley
39  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 08:06:23 PM
Btw, if you don't see me online it's just because the user experience on Bitcointa.lk is just way better than the one on Bitcointalk.org. And yes, i took a pause, i admit it.

Btw #2, i really don't care if you lock the thread and you try to turn the community against me because i'm supposedly "responsable" for it.

Good luck with that.
Posted from Bitcointa.lk - #6y4hADKWFSclmeI7

Thank you for cutting out the spam.

I'm not trying to "turn the community against" you, although one could make the case you are trying to exactly that to HashFast.

Drumming up support for a lawsuit, then complaining HashFast 'chose to go the legal route' is a little obnoxious though...   Cheesy
40  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: up to 800GH/s on: March 15, 2014, 07:31:37 PM
cedivad is offline so the thread is now unlocked.

The reason for introducing the legal concept of a 'windfall' is so observers will not be mislead by those falsely claiming HashFast hasn't provided full refunds for the small number of Batch 1 customers who requested them.

It's important to note the distinction between a full 105% refund of the USD our machines have always been priced in versus a windfall (in the form of getting back an equal number of ~$600 BTC for the ~$100 BTC which some customers used to buy ASICs).

HashFast has been open and honest regarding the technical reasons for the delay.

Others have been deceitful and dishonest by trying to use the delay as an excuse to demand a windfall.  Some go so far as to make up lies about HashFast intentionally delaying shipments so we may mine with customer equipment!

Their attempts to disrupt this thread and drive away business, just because they have not been granted a windfall at HashFast's expense, amount to extortion.
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