Most of the companies out there turn out to be scams, one way or another of no fault of my own.
I specifically told everyone that HashFast would deliver a working product but it would likely be late (Hence why I never ordered anything from them)
Terrahash showed a working product when I visited them so it was very strange for them to do what they did but then again Yifu didn't provide them with chips even though we all saw their orders. Doesn't change the fact that they are fraudulent now though.
Most of my money went towards KnC who I didn't personally visit but had connections that did and that turned out to be a pretty great success.
This isn't a regular marketplace for items. You dabble a little bit in every company and hope one does very well to make up for the others that do not do so well or turn out to be frauds.
I'm happy with my decisions.
I'm not accusing you, I am just saying that you did do a bit of cheering for TH and they turned out to be a scam to some degree. Maybe would have been different had Yifu not screwed everyone. But it is easy for some on the outside to jump to the conclusion that you had a hand in it since you are meeting up with these people. Its a guilt by association type thing - like your part of the act to to keep everyone going for as long as possible to buy time or something. Again, I'm just trying explain why people are bringing up/have brought up the accusation. I understand, unfortunately there's nothing that can be done to stop that type of association. Anyone that has been to a bitcoin convention or has met me in person obviously knows this to be false. Although it would be strange to open a Lawsuit on myself if I had a part in it or to keep two of my own orders (~$20,000) if I knew they were going to be fraudulent. You can lead a horse to water but you can't make him drink. |
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...
I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL.
You are certainly the only one here who visit these scam companies and proceeds to shill for them. Your understanding of the word "libel" could be a bit off. A statement has to be false for it to be libelous. Your shilling for and pimping Terrahash is an undisputed fact. Your first post on this forum is selling Terrahash preorders. You have to get paid to shill of which I did not. Guess that would be libel Oh and you already know that wasn't my first post  https://bitcointalk.org/index.php?topic=198489.msg3246606#msg3246606 |
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Shares are shares.
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
I'm not quite sure what you are talking about, I assume this is a poor attempt at mudding my name with libel. I imagine it is hard for you to talk with me considering you sold all of your BTC at fairly low prices last I looked at your BTC address. I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL. But the companies you visit turn out to be scams, one way or another. Most of the companies out there turn out to be scams, one way or another of no fault of my own. I specifically told everyone that HashFast would deliver a working product but it would likely be late (Hence why I never ordered anything from them) Terrahash showed a working product when I visited them so it was very strange for them to do what they did but then again Yifu didn't provide them with chips even though we all saw their orders. Doesn't change the fact that they are fraudulent now though. Most of my money went towards KnC who I didn't personally visit but had connections that did and that turned out to be a pretty great success. This isn't a regular marketplace for items. You dabble a little bit in every company and hope one does very well to make up for the others that do not do so well or turn out to be frauds. I'm happy with my decisions. |
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Shares are shares.
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
I'm not quite sure what you are talking about, I assume this is a poor attempt at mudding my name with libel. I imagine it is hard for you to talk with me considering you sold all of your BTC at fairly low prices last I looked at your BTC address. I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL. I also regularly attend conferences where I meet the owners of these Manufacturers in person. You should attend one, Josh is always there and I bet you guys would have a blast chatting it up. |
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Worst case scenario is reimbursement to shareholders of initial fiat investment (should they request it) made on Bitfunder and a fine.
The company will survive. If you think the repercussions are vastly more serious than that for a legitimate business please show us the relevant test-case/court case raised by the SEC.
Thanks.
Out of what money will this reimbursement come? These cases run for 3-5 years. The lawyers collect their pound of flesh, then secured creditors are reimbursed, then unsecured creditors (the suckers who ordered from Ken), then whatever is left would be distributed to shareholders. 1 / 25 000 000 of what is left after that process isn't going to be a Satoshi. 1 / 10,000,000 minus Kens own Shares. |
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Has anyone gotten tracking?..
I can confirm that this exact unit is en-route (via Fedex International Priority) to the IceDrill research/engineering facility where it will undergo rigorous evaluation. ETA: Friday 3 Jan. I have my tracking number, but not from HashFast (FedEx called me to confirm some details on the shipment).
I presume this means they've begun shipping, even if they haven't given out the tracking numbers yet... |
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The amount of shareholders in here is scary. Quit fluffing and quantifying the poor updates and 'news'. I have read no real reason people are backing Ken other than the fact they are a share holder. Please do not reply or retort if you have money to lose if this company goes under. I have money to lose as well since I ordered and requested a refund. I have lost my little remaining faith in these updates after coming here from watching the site for any news.
Even being a CEO (loose term here for owning a "business"), there is a responsibility if you are also the PR person. I guarantee even a decent PR person would have made the company double even with this many delays. He is not running some 5k employee Forbes 7000 business. It is what, 5 guys? The responses from the company are so lack luster that even drive thru fast food people give you a better status.
Surprisingly you are not a sock of Crumbs, Please keep us up to date with your refund process. |
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Awww what a cute site you have... From facts on that site I see what you mean they are a scam. How did you ever get the words and pictures on the page like that. Its pretty impressive. It's not his site, I already set this guy straight in another thread. proofnoun 1. evidence or argument establishing or helping to establish a fact or the truth of a statement.Taking a screenshot and posting it on a fly by night WordPress site does not constitute as proof. I and potentially a lot of shareholders in this company would love to see undisputed proof of your claims. It would really help out so if you do have something substantial please bring it forward. updated my last post with the thread that states there a scam
still trying to find more evidence
He hasn't found anymore evidence since Dec 17th but decided to come to this thread and post a website that has no credentials in anything other than listing every single site as a scam until the ship a product. Come on, if you are going to post on this thread at least come up with something substantial that hasn't already been debunked or proven FUD by the claimants incompetence |
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I tried Reddit and got 1000 hate mail messages and a bunch of other people said to come over here.
Any other ideas?
Yes, Go to a bitcoin convention, there is one on January 25th in Miami. btcmiami.com. Networking at these conventions would probably be your best bet. The last convention in Las Vegas was a great opportunity and there were many large holders of bitcoin there that would be able to give you the clear advice that you are seeking while actually putting their name behind it. There are many conventions happening in the bitcoin atmosphere so if you can't make the Miami one try to find something close by! |
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I can confirm that this exact unit is en-route (via Fedex International Priority) to the IceDrill research/engineering facility where it will undergo rigorous evaluation. ETA: Friday 3 Jan. Why did you not drive there and pick it up? I thought it was built in Canada. It is: 9300 Transcanada Highway St Laurent, Quebec H45 1K5 CANADA http://www.linkedin.com/company/ciara-technologiesI guess this is a test unity sent from HashFast in US... Ciara is not the "IceDrill research/engineering facility" and is located outside of Canada if they are shipping the unit by International Priority. Ciara is where the HashFast machines are manufactured and shipped from. I know that, but has you can see in their LinkedIn apparently Ciara is in Canada. Maybe some miscommunication, Yes Ciara is in Canada. This unit was shipped from Canada to IceDrill's facility (where ever that is that is not in Canada) |
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Well you (and numerous others) have registered just to post on the ACtM thread, so I guess the answer to your question is - you want them.  Crumbs alt was banned NickDanger, a virtual identity which I chose for you as my manifestation on this forum, was banned without a warning.
All of his other Alts have commented on that thread including webgypsy (admittedly), cropcircle, and thumper650. This list also includes Doloreshaze, Dolor, Doloresmaze, accountmarketing. Please understand who you are talking to on this thread as he is going through great lengths to create multiple accounts. Carry on. |
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I can confirm that this exact unit is en-route (via Fedex International Priority) to the IceDrill research/engineering facility where it will undergo rigorous evaluation. ETA: Friday 3 Jan. Why did you not drive there and pick it up? I thought it was built in Canada. It is: 9300 Transcanada Highway St Laurent, Quebec H45 1K5 CANADA http://www.linkedin.com/company/ciara-technologiesI guess this is a test unity sent from HashFast in US... Ciara is not the "IceDrill research/engineering facility" and is located outside of Canada if they are shipping the unit by International Priority. Ciara is where the HashFast machines are manufactured and shipped from. |
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I can confirm that this exact unit is en-route (via Fedex International Priority) to the IceDrill research/engineering facility where it will undergo rigorous evaluation. ETA: Friday 3 Jan. Why did you not drive there and pick it up? I thought it was built in Canada. Why would it get shipped International Priority if they were in driving distance? |
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Well Ken just logged back on about 3 minutes ago after being away for 5 days. Hopefully this means another update.
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Wow. Isn't this the company that sold stock to people who thought it was a good investment to value a company at $12MM that had ORDERS (not machines) for 500 GH/s of avalons?  Who would have thought economics like that would would not have worked out? I am really surprised the projections of the stock being worth 100X the IPO price did not occur. What happened to all the 'bigger fools' that are supposed to bail out pumpers? Are you related to RickJamesBTC because your assessment is almost as crazy as he is. Please keep this thread on-topic and post in the securities forum about securities. Making up numbers such as you have does not make you look very good but I'm sure you don't care very much about that, you are just happy to pass your ignorance off as fact. |
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Yep, shipping IceDrill ASICS to their customers to save face. Unfortunate |
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He doesn't care about the community else he would be flying up there or doing his due diligence to find definitive proof that this is a scam other than passing around accusations of "Ponzi" and "Proof".
Yes, I should have to fly to where this bs company is to try and get some proof that they exist. Every time you write a new post, you just show everyone reading that you are involved more than you claim. You can ridicule me for making my accusations, I don't give a shit what you say. You believe that it is ok for the ceo of the company to post here in october that orders would ship in november - december, and you don't care what happens to the people who then sent more money in. Tell you what, you can ignore my posts, or I can ignore yours. I won't be responding to you anymore because I don't believe a word you say. I'll keep asking for someone else who works VMC to come forward with some evidence that they shipped product as they said, or have actually developed anything at all. No matter what you say about the IC business, there are plenty of other parts involved. All we saw was an off the shelf computer case. You are bat shit crazy. Please respect what you write so I don't have to keep proving your wrong over and over. I won't be responding to you anymore because I don't believe a word you say.
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I placed 2 orders on 22th of November with shipping date 31th of December 2014. My shipping dates are moved to atleast February 22th.
Last e-mail from VMC customer service
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Dear Customer,
Pre-Order Terms: This is a pre-order. 28nm ASIC products are shipped according to placement in the order queue, and delivery may take 3 months or more after order.Your items wont be shipping til between February 22th-March 20th.
Regards,
Customer service
--
Are you going to wait or get a refund? If you choose to get a refund please report back here how the process went. Sadly there are a lot of alt accounts of crumbs being made (dolor, doloreshaze, doloresmaze, nickdanger, cropcircle) because he was banned so if you could provide some definitive proof of your order/payment that would be great. If not I understand. I don't want to get a refund. I will be waiting till the 22th of February. My order proof:  I am not this 'crumbs' person. I am simple and fair. If I make a mistake, then I admit my mistake. If VMC turns to be scam, then so it be. We can't help it anyway, can we? Thank you for this, it really is appreciated. I didn't think you were the "crumbs" person but you can't be too careful. He is not very clever with his alts. Once I visit Ken in mid January I will report back here so you can make a more informed decision. If there's nothing to show then I will report as such. |
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I find that hard to believe+ fact that there were no reasons supplied. BFL had the mighty "clock buffers", HashFast had "lack of substrate", but VMC has nothing. Yes i should trust this company.
Since you are looking for their excuse here it is. https://bitcointalk.org/index.php?topic=297543.msg3782916#msg3782916Intellihash(tm)
Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up. We have had to modify the software in our chips to make it work with our new software. The chips are going to be late; however, our new Intellihash software could be a game changer for the company. Don't ask me what Intellihash is, what "modify the software in our chips" means, I don't know nor do I care. I'm simply correcting you like usual. I don't know if you are aware of the Danone practices on the market. They have patented a very popular bacterium found in large intestines of most mammals and they named it "Bifidus Actiregularis". It seems that you (an investor) and nobody else is aware what "Intellihash" is or what it represents. I don't see why it can't be something like in Danone's case. From what i read on the forum making a SHA-256 ASIC chip is really really easy, doable by someone in college. Also considering that they are the only company with the trademark for...actually i don't even know what is it for. Mining software in the chips???(wtf is that. i thought chips are only hardware) or simple bitcoin mining software? If is it for the software then why delay the chips? If it's for the chips then what can you trademark there? My personal opinion of "Intellihash" is that it is a marketing gimmick. I told you that no one has any idea what it could mean and Ken did not give any insight really to draw conclusions on. We are most likely in agreeance that this particular part of that November update is bullshit. Anyone in college that is taking a related course can write the verilog code for a SHA-256 ASIC. It's not very hard. However the backend design of an ASIC has to go to an appropriate company or someone very talented and familiar with that process. You have to use certain PLLs and Libraries specific to the Fab that you are going to be using (Hence you have to get Fab acceptance prior to starting the ASIC process which is actually very difficult to do) Ken is an old school businessman, a lot of the way he does business I disagree with. Trademarks are nice and all but useless really in this industry. Product speaks for itself and the IP (Verilog, backend files, and mask set are all allocated to the company that purchased them only anyways). You can trademark most anything, doesn't mean it will stick. It seems he is just trademarking the names so no one else can use them (not sure why anyone else want to) |
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Me? If you think this gets to me at all you must be part of this scumbags crew. Listening to scammers and thieves try to talk their way out of bad deals is hilarious.
If you need any more education please let me know. The BTC world is a tough one out there so I can understand why you are always so upset after my posts provide you with more information to sift through. Just please try to be civil and not so hypocritical with your posts. Instead of answering questions, I'm being attacked for asking them. This is the behavior of a scammer, not an honest business.
Instead of answering that, I expect more personal attacks.
moron. scammer
shill poster
stupid
psychic
thief
liar.
loser.
GTFO.
You're useless.
scumbags
Also I recommend not appearing so desperate for others to agree with you. You are quoting a known troll who has a bone to pick with ActM since Day 1. https://bitcointalk.org/index.php?topic=240677.msg2550420#msg2550420The other person "Nick Danger" is also crumbs (Another troll that was already banned) and will hopefully be banned once I mod realises this The point of this all is that while I made every effort to answer and fulfill all of the questions/concerns RickJamesBTC made he continued to badger and harass me through the thread. This is a person who does not care about information I don't need to perform due diligence, moron.
All he wants to do is scream scam and feel good about himself at the end of the day if this does end up being a scam. He doesn't care about the community else he would be flying up there or doing his due diligence to find definitive proof that this is a scam other than passing around accusations of "Ponzi" and "Proof". To anyone thinking about purchasing from VMC, read this entire thread and try to excuse the way RickJamesBTC presented himself on here. He does bring up good points occasionally if you can sift through the anger and badgering. Take all of the evidence posts on either side and come up with your own risk assessment. If it's too risky for you then DO NOT PURCHASE. |
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