Nope.  Because my bid was denied there was no need for me to remit a deposit.  The attorney at Four Embarcadero was in no way connected to the law firm where the auction was to be held.  They were allowing Siddiqui and company to use there conference room to perform the auction. 

Went to attend the HashFast auction only to find that there was no auction or it had been moved to another location.  My bid was denied as not qualified.

Use escrow, otherwise you'll be pre-ordering into HF 2.0:-(

I agree, once one individual folds out of fear, it'll be a race to expose all.  We will know, and it'll be ugly.  The last.  Fear motivates irrational and rational.

I went into the Bankruptcy Court in SF, three blocks from my office and literally around the corner from HF, and filed my papers in person.  She, court clerk, provided me with the URL to file electronically and told me to pass it to other creditors.  The URL is the same as above so I'll not repost.  She mentioned that you can attach PDFs to the claim, I attached my HF order confirmation emails to my claim.

Judge to adjourn and allow Mr. Sadikis' and group,of creditors to sign off on uses of funds document.  To resume at 3pm today.  May extend to tomorrow.  Referencing documents not in my procession.   Two orders:  1) remain in confidence sources and uses funds documents,  2) group is meeting to review.

Here I am, in the courtroom.  Discussion pertaining to a sources and uses document.  Gallo is here in the courtroom.  CRO = Chief Revenue Officer?  Hashfast appears to preparing for Chapter 11 or bringing a person in to restore trust.  More to come.  Name is Mr. Brinko I believe.  http://www.brincko.com/about/john-p-brincko

I'll be the first to admit that the legal process was beyond my comprehension.  But, regardless, I enjoyed the experience.

That was an experience!!  I think I'll go back Wednesday.  I sort of felt the pain of the judge trying to wrap his mind around Bitcoin.  I'm all in on cryptocurrencies and remember my "what huh" moment when I first heard about BTC.    I wanted to volunteer my services to help make the court more familiar with the technology and protocol.   

Hearing extended until 930am Wednesday.  I'm here now.  $2600 statutory limit for us solo purchasers.  Not sure what this means.  Something about 503b 9.  #duncwaconfused.  Motion by creditors denied.

Far and above the best posts are from you cedivad.  Keep it up.  I'm two blocks from HF HQ.  I might walk over to the bankruptcy hearing today just to hear it.  This has been like watching a train from from above.  70 mph, the bridge ahead is destroyed.  In slow motion:-) wow....just efin wow!

Number 2 above was their trouble point.   They thought the board manufacture was scheduled to deliver.  I believe that they were told something by the board manufacturer and they believed the board manufacturer.  OUCH:-(

What if??   On another note.  Hashfast may consider some sort of merger with KNC.  Of course HF would get the short end of any such deal but think about HF's customers and what KNC could possibly offer HF customers.  HF may even appeal to KNC to deliver to each HF customer a 4TH machine powered by Yoli's.  Just a thought on my part.  Thought creates reality:-)

Any idea, if the chip conversion is true and real, how many chips to expect to receive for each Sierra order?

 

I wish I was a happy HF customer!!  It's just that I take all adversity with a specific mental attitude.  That is, I've already written off this as a loss and have placed a great deal of my effort into creating cryptocurrency software related to existing and (yet to be invented) financial instruments....one of which is an escrow app.  More to the point with an example:  I was an IT manager with a 6 figure income at Washington Mutual in 2007 when the entire financial industry went kapow.  I kept my mind straight and dove headlong into iOS development.  Yep, I could have cried.  Lamented.  Moaned.  And felt sorry for myself after losing 85% of my retirement.  I understood, at that time, that I had to keep my mind straight.  Not panic and re-engineer. Fast forward, I am back in the saddle and earning more than I was at Washington Mutual.  That was done by mentally focusing on the future and understanding that negative thoughts would create a Coralis spiral of death in my mind and put me in that "all is lost" mental funk.   I chose to shake it off and move on.  Now, here I am with the capability and opportunity to create financial instruments based on cryptocurrencies that will render the 19th century banking and financial industry virtually obsolete....this people, is a level of opportunity that you CANNOT (or forsake) overlook.  Cryptocurrencies are a technology that will do for the financial industry exactly what the internet did for information. In summary, hope for the best from Hashfast but be prepared to pick up and move on regardless of what happens.  Don't focus on the loss, focus on creating a financial instrument that will prevent future hardware manufacturers from taking the funds and dissappearing. 

I got this email.  I'm in batch 2 with an order for three Sierras.   If I switch and agree to receive three Sierra EVO's I'll get 6 T/h in May instead of 3.6 T/h in April.  Will I actually receive ANY Sierras?  I'm just rolling the dice at this point.  I've moved on to other cryptocurrency endeavors.  But hey, if I get what I paid for.....BONUS:-)....other wise I'll just look for a way to write this off as a loss to help reduce my taxable income.  Moving on:-)

If HF sold all of their GN boards to third parties like black miner, it is possible that this means that HashFast will ship Batch #2 (and 3 and 4) customers the new EVO Sierras at no added cost:-). Perhaps!!

What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).

I just got that also.  Is that a confirmation of my batch 2 order?   Or is it a general purpose update to all customers? 

Batch 2 - Two Sierras: Order #2553.  Haven't heard anything nor have a recieved an address confirmation.

Best Regards,