Note to self,
When dealing with Bitcoin Hardware Manufacturers and/or Pre-orders in the BitCoin Community, remind self to "OBLIGATE" individual(s) behind the company [or sale] to agree to a contract that binds them to a specific liability.
Remind self that this is an extra measure of safety in case of default or bankruptcy.
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If they fail in their company, then we sell off everything their employees own [under contract?] and saddle them with perpetual lifelong debt.
Escrow? |
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They still can't beat TradeFortress's negative record!
LOL! Race to the bottom. |
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Where are the Monarchs? 13 months later. If you want to leave negative feedback on BFL, Inaba or BFL_Josh then that alone for those who pre-ordered is one you could easily leave REAL negative trust. Why not negative feedback on the FPGAs being late or the 65nm products as well? What is wonderful about the foolishness of BFL in this regard is that they finally got the trust ratings they actually deserve for the "economics of enslavement" that BFL employ. https://bitcointalk.org/index.php?topic=262052.msg6004126#msg6004126 |
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Might want to add a new metric HF decides to screw their customers at every opportunity they get. Why?
Simple answer? They're broke. They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways. They obviously did not have a good plan given all of their failures. Scammers will scam. Everybody is entitled to their own interpretation, but I will say this: There is a strong incentive to play bankrupt as long as the statute of limitations keeps their effective liability intact. HashFast draws from a horrific playbook which is somewhat related to the economics of enslavement. It all starts when you transfer money (something of real value) towards them in exchange for a future commitment. This future commitment gets transformed into something the customer has to "chase", which requires more time and effort and thus degrades their full liability towards an effective liability. They can do that because customers are human beings with a limited amount of time and persistence, and also because there are legal frameworks which allow them to make the hunt very cumbersome and limit the timescale for potential damages. Of course it also helps if the object of the hunt looks undesirable, like in a case of a possible bankruptcy. It follows that the difference between the full liability and effective liability is an additional profit margin to their business. This is a form of windfall profit they can engineer themselves and thus they do. It still has to be revealed whether they are using that profit margin on top of the one from producing mining equipment or as a replacement. Time will tell. Question which of these fabricators employ such horrific tactics? ASICMiner Bitmain Bitfury KNC Avalon CoinTerra Lightning ASIC SpondooliesTech Black Arrow Hash Fast BitMine VMC BFLDrillbit Redhash Technobit BPMC (Dissolved)One String MinerStarfire X AMT Might want to add that to any metric measuring the trustworthiness of a company. https://bitcointalk.org/index.php?topic=456691.0Anyone want to complete the table? Employ Economics of Enslavement Free of Economics of EnslavementBFL KNC HashFast One String Miner Bitmain BPMC (Dissolved) |
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Thanks I knew that it was probably documented I just wanted it posted here so that people can see what Hash Fast says is pretty much a lie. |
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HF decides to screw their customers at every opportunity they get. Why?
Simple answer? They're broke. They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways. They obviously did not have a good plan given all of their failures. Scammers will scam. Everybody is entitled to their own interpretation, but I will say this: There is a strong incentive to play bankrupt as long as the statute of limitations keeps their effective liability intact. HashFast draws from a horrific playbook which is somewhat related to the economics of enslavement. It all starts when you transfer money (something of real value) towards them in exchange for a future commitment. This future commitment gets transformed into something the customer has to "chase", which requires more time and effort and thus degrades their full liability towards an effective liability. They can do that because customers are human beings with a limited amount of time and persistence, and also because there are legal frameworks which allow them to make the hunt very cumbersome and limit the timescale for potential damages. Of course it also helps if the object of the hunt looks undesirable, like in a case of a possible bankruptcy. It follows that the difference between the full liability and effective liability is an additional profit margin to their business. This is a form of windfall profit they can engineer themselves and thus they do. It still has to be revealed whether they are using that profit margin on top of the one from producing mining equipment or as a replacement. Time will tell. Question which of these fabricators employ such horrific tactics? ASICMiner Bitmain Bitfury KNC Avalon CoinTerra Lightning ASIC SpondooliesTech Black Arrow Hash Fast BitMine VMC BFLDrillbit Redhash Technobit One String MinerStarfire X AMT Might want to add that to any metric measuring the trustworthiness of a company. https://bitcointalk.org/index.php?topic=456691.0Anyone want to complete the table? Employ economics of enslavement Do not employ economics of enslavementBFL KNC HashFast One String Miner Bitmain |
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After our latest meeting the WPC has added a new ASIC based Wasp to the design fold which we will keep under our hats for now. We are also working on a standalone variant board called the "Hornet" so you do not need to use the Hive. More details to follow. We have also discussed reopening membership and it looks like that will happen this month and we will open up a form for people to submit their interest in joining. Then we will set a payment gateway allowing a limited number of people to join the WPC. We will be contacting those who were interested in the Wasp for production soon to gauge interest in our new ASIC based Wasp or Hornet offerings.
Results from the meeting:
WPC to buy a large number of New ASIC chips and payment will be made before mid-April.
WPC to enlarge the Wasp & Hive share buy to include expanded production of these new chips arriving after production is complete.
WPC to receive a sample lot sufficient to fabricate variants of the Wasp / Hornet.
WPC to work out a new timeline for these Wasps / Hornets this week.
WPC to continue work on the A1, BF2 and AM BE200 Wasp per new timeline determined this week.
WPC to work in conjunction with a limited number of interested producers to share the production run.
WPC to contact those fabricators who showed interest previously regarding the new chips production run.
WPC to add more members this month and continue to source EEs in firmware, software and hardware beyond the open membership drive.
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Hmm, a lot of angry CoinDesk customers.
Maybe it is time to let the grand public know. Will sleep on it.
PS: I'm sorry, did I say CoinDesk? I meant CoinCraft desk...
and you are from? ny times? Hehe, someone who bought from Bitmine, HashFast, Black Arrow, Cointerra, KnCMiner, VMC and Alpha Technology for hardware AND vendor reviewing purposes... Guys - donīt be so sceptical just because someone has newbie status. The few stars on the left only tell about frequency of posting not the quality. He knows more hardware vendors than most of us ;-) And yes - HWReviewer - I would be glad to see an honest review being done by you. wow No BFL? Why is that? Oh Right they will never get the Monarch to market so he didn't bother dropping more COIN them. |
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BFL goes out of business.
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I am sorry for your loss.
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I'd prefer if you have done biz with me before that you leave me feedback. Thanks. I'd prefer not to skew the trust rating I have positive or negative because of BFL's negligent behavior. Got it  Thank you for the thought and having my back I appreciate that LittleD. |
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Disgusting. Something about bitcoin brings out the inner crooks in people. Hope some justice is served here.
The best justice that could be served. TRO on his BTC wallets so that people asking for refunds can get paid. Here is hoping that someone learned from those that are trying to do that to HASHFAST accounts and applies it to BFL. The only justice here would be for BFL to fold after they pay back what they took from hardworking people. |
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I would prefer not to receive any POSITIVE trust ratings as a result of this insanity. Please do not ask people to post positive trust for my account. I would rather EARN the trust as a result of my dealings with individuals. Please if you can LittleD remove me from that list in your posts. Nothing is solved by gaming the system to counter BFL's BS.
What really needs to happen is Inaba, BFL and BFL_Josh need to have a ban. For what amounts to a spam attempt on the trust system. Even though only 3 people have taken them up on their offer as I guess there are only 3 people on their website the intent was there to FLOOD the system with spam trust. You ban others from this forum for sending PM's you should reward Josh and BFL the same way. Give them a 30 day rest away from the forum for the attempt.
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I'd prefer if you have done biz with me before that you leave me feedback. Thanks. I'd prefer not to skew the trust rating I have positive or negative because of BFL's negligent behavior. |
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A plaintiff that never purchased any products from Hashfast Technologies
was granted a TRO from the Tarrant County District Court, Texas. Is there any clear evidence around that makes that statement a lie? A receipt maybe? It uses the word "purchased". Did cypher ever obtain anything of value from hashfast? pur-chased: to acquire by the payment of money or its equivalent; buy. http://dictionary.reference.com/browse/purchased?s=tI haven't "purchased" anything from hashfast either by that definition. In other news, the word "is" has been redefined once again by the greatest legal minds of our generation. LOL Classique! |
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LAUGHABLE.
These guys and the semantics. If you are that slick and trying to wiggle out then good luck getting the money.
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You guys miss the point
They're already mining with Monarch cards (ramping up to fill all their hosting space). Once they're happy with the income, they will start shipping out Monarch cards (new batches) to the customers...... WHILE selling chips to third parties.... Also attract more suckers thro upgrades and chips credits (even call some to offer 25% on the next purchase).
This is the best way of making money, double triple stab the customers
Evidence? Got some insider whistle blower info? |
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A plaintiff that never purchased any products from Hashfast Technologies
was granted a TRO from the Tarrant County District Court, Texas. Is there any clear evidence around that makes that statement a lie? A receipt maybe? |
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Looks like Kano is angling for more free hardware vapourware from BFL?
Ethically challenged people stick together. If you find nothing wrong with the ethics of BFL on this and combine that with ignoring their total lack of business ethics and economic damage they have done to thousands then you are part of the problem Kano. The premise that BFL is attempting to prove the flaws in the system of trust ratings seems a lot more than disingenuous given the fact they picked the targets that benefit BFL. What their experiment proved is many people hate BFL and rightly distrust them. You don't get that sort of reaction without some justification.
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