HashFast announces specs for new ASIC: 400GH/s

[Gleb Gamow]

Again, I ask how the fuck is it possible for Gregory Bachrach to claim that he is/was the CEO of LiquibBits since its foundation, but there's not a single piece of shit paper depicting such with the exception of his words directed toward a Judge?

Until I get an answer, I will beat this fuckin' dead horse to death.

~Bruno Kucinskas

Bruno, you really need to take a step away from the computer.

Just because someone is CEO of a company does not mean that they started the company or have a controlling interest in the company.

Good point! In that vain, I'm now CEO of Bitcoin. Not a single shred of proof needed for Gregory Bachrach to inform a judge that he's the CEO of LiquidBits, so no need for a shred of proof that I, Bruno Kucinskas, is the CEO of Bitcoin. All one has to do is declare such first and you're it.

~Bruno Kucinskas (Bitcoin CEO)

[1714232437]

1714232437

[1714232437]

1714232437

[Gleb Gamow]

Again, I ask how the fuck is it possible for Gregory Bachrach to claim that he is/was the CEO of LiquibBits since its foundation, but there's not a single piece of shit paper depicting such with the exception of his words directed toward a Judge?

Until I get an answer, I will beat this fuckin' dead horse to death.

~Bruno Kucinskas

Bruno, you really need to take a step away from the computer.

Just because someone is CEO of a company does not mean that they started the company or have a controlling interest in the company.

Good point! In that vain, I'm now CEO of Bitcoin. Not a single shred of proof needed for Gregory Bachrach to inform a judge that he's the CEO of LiquidBits, so no need for a shred of proof that I, Bruno Kucinskas, is the CEO of Bitcoin. All one has to do is declare such first and you're it.

~Bruno Kucinskas (Bitcoin CEO)

It's now official: https://bitcointalk.org/index.php?topic=760734.0

In less than two minutes there's more proof that I am truly the CEO of Bitcoin than there if of Gregory Bachrach being the CEO of LiquidBits.

FYI, Gregory Bachrach is related to Quentin Page who once acted as James Gibson's lawyer even though he's not a lawyer, misapplying the Esq. tag, but I should digress seeing that I have a CEO title that needs to be untarnished.

~Bruno Kucinskas (CEO of Bitcoin)

[scr3u.ucr3trs]

Again, I ask how the fuck is it possible for Gregory Bachrach to claim that he is/was the CEO of LiquibBits since its foundation, but there's not a single piece of shit paper depicting such with the exception of his words directed toward a Judge?

Until I get an answer, I will beat this fuckin' dead horse to death.

~Bruno Kucinskas

Bruno, you really need to take a step away from the computer.

Just because someone is CEO of a company does not mean that they started the company or have a controlling interest in the company.

Agree, any idiot knows that founders of companies are not one and the same of the people put in charge of the company.  There are people that pay money and people that do work (maybe Greg Bach isn't either of these, but nonetheless the bigger question is WHY would any investor in their right mind invest in LiquidBits if they aren't real and generating a return for shareholders?  They aren't under attack anymore, nor are the poor HF employees, and now presumably the company is down to the two founders who everyone wants in jail other than when they are scamming millions, and down to a CRO who has gone silent.  What happened to Edgeworth bragging about his heroic ideas and leaking info to his brother about the grandiose plans.  Where are these plans and how can people at the company now be being paid money for doing anything when nothing is getting done.  There may be good merit to hire back the employees who at least got activity moving and made sales and shipped things.
CRO is Chief Reluctance Officer or what?  Chief of Real Obviscation?

[Gleb Gamow]

Creditor Committee:

1. Hamilton Hee 761 Irwindale Ave.
Las Vegas, NV 89123
2. Sistemas Operativos Sanitarios ca
Calle 35 entre Av. 2 y 3 #2-34 Merida, Venezuela 5101 Attn: Guido Ochoa
3. Uniquify, Inc.
2030 Fortune Drive #200 San Jose, CA 95131 Attn: Robert Smith
4. Antony Vo
319 S. Mitchell St. Bloomington, IN 47401
5. Koi Systems Ltd
1191 Center Point Drive Suite A
Henderson, NV 89074 Attn: Robert Edgeworth
6. Digimex Ltd.
Bel Air on the Peak, Phase 4 Tower 7, Unit 19A
Pok Fu Lam, Hong Kong Attn: Willem van Rooyen
7. Peter Morici
1430 Patapsco St. Baltimore, MD 21230

It looks like that I can take a holiday.

http://slideshow.mris.com/slideshow/slideshow.htm?ListingKey=97427178002

http://www.longandfoster.com/ - The same outfit that AMT least their first two offices from.

Surely, not this Peter: http://en.wikipedia.org/wiki/Peter_Morici

[iCEBREAKER]

Surely, not this Peter: http://en.wikipedia.org/wiki/Peter_Morici

Yes, an old school hardcore Reaganomics guru.  That's awesome!

[MrTeal]

http://slideshow.mris.com/slideshow/slideshow.htm?ListingKey=97427178002

http://www.longandfoster.com/ - The same outfit that AMT least their first two offices from.

Surely, not this Peter: http://en.wikipedia.org/wiki/Peter_Morici

Come on now Bruno. Trying to tie Peter Morici to AMT because two properties had the same real estate company?

http://www.longandfoster.com/About_Us/about_us.aspx
"Long & Foster is the largest real estate company in the Mid-Atlantic region."
http://www.longandfoster.com/About_Us/Annual_Report.aspx
"Total 2013 sales volume and equivalents for all The Long & Foster Companies was $51.7 billion. "

Besides, what do you have against bow ties?

[Gleb Gamow]

http://slideshow.mris.com/slideshow/slideshow.htm?ListingKey=97427178002

http://www.longandfoster.com/ - The same outfit that AMT least their first two offices from.

Surely, not this Peter: http://en.wikipedia.org/wiki/Peter_Morici

Come on now Bruno. Trying to tie Peter Morici to AMT because two properties had the same real estate company?

http://www.longandfoster.com/About_Us/about_us.aspx
"Long & Foster is the largest real estate company in the Mid-Atlantic region."
http://www.longandfoster.com/About_Us/Annual_Report.aspx
"Total 2013 sales volume and equivalents for all The Long & Foster Companies was $51.7 billion. "

Besides, what do you have against bow ties?

Do you really want me to go there?

[BitCoin Operated Boy]

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

[Ilan1]

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

+1000000000

[bitndx]

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

+1  as the coin turns


how about an update or a new thread on the next steps?

[Gyrsur]

so HashLast is history? they announced bankruptcy?

hashfast.com

hashfast.org

[2112]

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

"receiving your money back" event will not happen, but there is still an useful purpose for continuing this discussion.

You could consider money paid to Hashfast a prepaid tuition in the school of hard kicks. And the CRO a dean of the curriculum on how to recognize a long con and how to avoid similar scams in the future.

I understand that the majority of Hashfast buyers/investors were simply compulsive gamblers (or compulsive investors), and for those continuing this thread is really a waste of time.

But I think I recognize many people who simply were naive and Hashfast simply took advantage of their naivete and giddiness after the (then recent) gains in the price of Bitcoin. Those are the people who skipped the boring accounting classes where they anesthetize students with stuff like http://en.wikipedia.org/wiki/Letter_of_credit .

I know that the school of hard kicks is unfair: only a few people paid the tuition but many more students can audition the coursework for free from the sidelines. Personally, as an non-paying student, I just want to learn some details on how to run a prepackaged bankruptcy scam in Silicon Valley. I'm also hoping to learn if cypherdoc was a paid roper who knew what he was doing or just another giddy naif.

[RoadStress]

Good point! In that vain, I'm now CEO of Bitcoin. Not a single shred of proof needed for Gregory Bachrach to inform a judge that he's the CEO of LiquidBits, so no need for a shred of proof that I, Bruno Kucinskas, is the CEO of Bitcoin. All one has to do is declare such first and you're it.

~Bruno Kucinskas (Bitcoin CEO)

I don't know how I messed up, but at least now it's in the blockchain too! Your welcome 

Code:

 #656 [2014/7/29 21:21]
3cf3f8a852a56c2999e6ba7edaef0241c94c91a129276bf73a7bb810d32368b8

CEO on 29.08.2014.
 proclaimed Bitcoin Bruno Kucinskas self

http://cryptograffiti.info/?txnr=656

https://blockchain.info/tx/3cf3f8a852a56c2999e6ba7edaef0241c94c91a129276bf73a7bb810d32368b8

[Gleb Gamow]

http://www.scribd.com/doc/225704506/Bachrach-Declaration-Liquidbits-v-HashFast

On October 3, 2013, Liquidbits and Hashfast entered into a written agreement for the purchase by Liquidbits of certain equipment manufactured by Hashfast and used in bitcoin mining. A true and correct copy of the October 3, 2013 agreement between Liquidbits and Hashfast (the “original agreement”), which I signed on behalf of Liquidbits, is attached hereto as Exhibit 1. Beginning in October 2013, Liquidbits made or caused to be made $6 million in payments to Hashfast under the original agreement. By March 2014, Hashfast had delivered to Liquidbits only a small portion of the equipment it agreed to deliver in the original agreement

Finally, I found it. Don't know how the fuck I missed it.

http://www.silverlaw.com/files/Liquid-Bits-Complaint.pdf



$5,821.1541 is close enough to $6M... WTF!, that's BTC, not $... 5,821.1541 ฿ equates to only $2,962,967.44 at this hour's exchange rate. I can't believe that LiquidBits was so stupid to hand over that amount to HashF... WTF! Not HashFast, but...



http://www.coinware.io/companies.html

LiquidBits

LiquidBits Inc. is a data processing company that focuses on the long term potential associated with bitcoin mining operations. The company procures and hosts hardware mining equipment (“miners”). The company then wholesales the data processing services of these miners to large-scale clients. Its specialty comes from building solid relationships with hardware manufacturers and datacenter operations to achieve the best, low cost solutions. With the increasingly complex hardware demands of the Bitcoin Network it’s critical to operate on top-of-the-line equipment.

LiquidBits is currently one of the leading bitcoin hardware procurers in the world and operates in several datacenters that are geographically distributed for optimum performance and redundancy. If you are interested in large-scale bitcoin mining opportunities please contact us.

Nothing like building a solid relationship with HashFast to recoup the loses due we-didn't-know-it-was-a-Ponzi-scheme Pirateat40's venerable entity.

The only fuckin' saving grace for LiquidBits now is being in queue behind HashTrade, Netsolus and NimbusMining to receive their multi-million dollar order of Monarchs from BFL.

Very, very, very stupid question: Is the Jacobson Clan, et al., spending their own money or some others?

[mikelitv]

http://www.scribd.com/doc/225704506/Bachrach-Declaration-Liquidbits-v-HashFast

On October 3, 2013, Liquidbits and Hashfast entered into a written agreement for the purchase by Liquidbits of certain equipment manufactured by Hashfast and used in bitcoin mining. A true and correct copy of the October 3, 2013 agreement between Liquidbits and Hashfast (the “original agreement”), which I signed on behalf of Liquidbits, is attached hereto as Exhibit 1. Beginning in October 2013, Liquidbits made or caused to be made $6 million in payments to Hashfast under the original agreement. By March 2014, Hashfast had delivered to Liquidbits only a small portion of the equipment it agreed to deliver in the original agreement

Finally, I found it. Don't know how the fuck I missed it.

http://www.silverlaw.com/files/Liquid-Bits-Complaint.pdf

http://s12.postimg.org/77bo9pha5/58211541.jpg

$5,821.1541 is close enough to $6M... WTF!, that's BTC, not $... 5,821.1541 ฿ equates to only $2,962,967.44 at this hour's exchange rate. I can't believe that LiquidBits was so stupid to hand over that amount to HashF... WTF! Not HashFast, but...

http://s9.postimg.org/55jsalu5r/pirate_at_40.jpg

http://www.coinware.io/companies.html

LiquidBits

LiquidBits Inc. is a data processing company that focuses on the long term potential associated with bitcoin mining operations. The company procures and hosts hardware mining equipment (“miners”). The company then wholesales the data processing services of these miners to large-scale clients. Its specialty comes from building solid relationships with hardware manufacturers and datacenter operations to achieve the best, low cost solutions. With the increasingly complex hardware demands of the Bitcoin Network it’s critical to operate on top-of-the-line equipment.

LiquidBits is currently one of the leading bitcoin hardware procurers in the world and operates in several datacenters that are geographically distributed for optimum performance and redundancy. If you are interested in large-scale bitcoin mining opportunities please contact us.

Nothing like building a solid relationship with HashFast to recoup the loses due we-didn't-know-it-was-a-Ponzi-scheme Pirateat40's venerable entity.

The only fuckin' saving grace for LiquidBits now is being in queue behind HashTrade, Netsolus and NimbusMining to receive their multi-million dollar order of Monarchs from BFL.

Very, very, very stupid question: Is the Jacobson Clan, et al., spending their own money or some others?

What a retard you are.  Still with Liquidbits and Coinware and whatever.  Liquidbits and then Coinware have been in the BTC space since late 2010 early 2011.  They have been mining ever since and were actually first to receive the BFL asics along with GigaVPS.   They invested in every aspect of Bitcoin companies, from non-profits to payment platforms, to exchanges to mining infrastructures to software development etc...  And they have the financial surface to sue those that try to do them wrong, including Hashfast. Is all this relevant? NO.

None of us here care about them since their proposition was rejected.   What's your agenda?  This is becoming downright weird.

Again, what is the CRO doing?  What are the propositions being studied?  Failing that, how is the sale of assets going?

Manufacturers around the world have not been waiting for the Hashfast liquidation to be over.  They are moving forwards at very high speeds.  With all the announcements coming this fall, I wonder what the value of those chips (those that do not depreciate according to the statement made by the Creditors Council legal counsel) will be depreciated down to?  

[iCEBREAKER]

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

"receiving your money back" event will not happen, but there is still an useful purpose for continuing this discussion.

You could consider money paid to Hashfast a prepaid tuition in the school of hard kicks. And the CRO a dean of the curriculum on how to recognize a long con and how to avoid similar scams in the future.

I understand that the majority of Hashfast buyers/investors were simply compulsive gamblers (or compulsive investors), and for those continuing this thread is really a waste of time.

But I think I recognize many people who simply were naive and Hashfast simply took advantage of their naivete and giddiness after the (then recent) gains in the price of Bitcoin. Those are the people who skipped the boring accounting classes where they anesthetize students with stuff like http://en.wikipedia.org/wiki/Letter_of_credit .

I know that the school of hard kicks is unfair: only a few people paid the tuition but many more students can audition the coursework for free from the sidelines. Personally, as an non-paying student, I just want to learn some details on how to run a prepackaged bankruptcy scam in Silicon Valley. I'm also hoping to learn if cypherdoc was a paid roper who knew what he was doing or just another giddy naif.

When a risky high-tech Silicon Valley runs out of money and declares bankrupcy, it's a common and perfectly normal event.  Likewise for older and bigger firms.

No "prepackaged bankruptcy scam" would produce a chip like the GN1, which at well over 700GH/s is still by far the fastest BTC ASIC on the planet.

But yes, if you honestly believe buying a pre-order for a magical internet money generator (regardless of manufacturer) is a low or zero risk proposition, welcome to Investderr University.

Let's focus on how best to deal with the situation, not cry over spilt milk.

It took a year for Atari's plan to be approved, so lack of apparent progress in these matters is not unusual.

http://www.gamasutra.com/view/news/206388/Ataris_bankruptcy_escape_plan_is_courtapproved.php

[RickJamesBTC]

But Icetard, you promised!!!

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

"receiving your money back" event will not happen, but there is still an useful purpose for continuing this discussion.

You could consider money paid to Hashfast a prepaid tuition in the school of hard kicks. And the CRO a dean of the curriculum on how to recognize a long con and how to avoid similar scams in the future.

I understand that the majority of Hashfast buyers/investors were simply compulsive gamblers (or compulsive investors), and for those continuing this thread is really a waste of time.

But I think I recognize many people who simply were naive and Hashfast simply took advantage of their naivete and giddiness after the (then recent) gains in the price of Bitcoin. Those are the people who skipped the boring accounting classes where they anesthetize students with stuff like http://en.wikipedia.org/wiki/Letter_of_credit .

I know that the school of hard kicks is unfair: only a few people paid the tuition but many more students can audition the coursework for free from the sidelines. Personally, as an non-paying student, I just want to learn some details on how to run a prepackaged bankruptcy scam in Silicon Valley. I'm also hoping to learn if cypherdoc was a paid roper who knew what he was doing or just another giddy naif.

When a risky high-tech Silicon Valley runs out of money and declares bankrupcy, it's a common and perfectly normal event.  Likewise for older and bigger firms.

No "prepackaged bankruptcy scam" would produce a chip like the GN1, which at well over 700GH/s is still by far the fastest BTC ASIC on the planet.

But yes, if you honestly believe buying a pre-order for a magical internet money generator (regardless of manufacturer) is a low or zero risk proposition, welcome to Investderr University.

[Syke]

It's hilarious looking back and see just how wrong iCEBREAKER was:

The more hardware HashFast sells, the more
You should wait and see what HashFast's next chip will do before offering erroneous advice.

They likely won't have another chip design for years.

Fine, you go ahead and assume facts not in evidence.  

Care to make a wager?  

I'll put 1BTC on HashFast's second chip taping out in less than 365 days from now (9/8/14 or sooner).

Chicken?  Yah, that's what I thought!  

ALWAYS  BET  ON  iCE...

I think we can rest assured there's no second chip taping out in a week.

[2112]

No "prepackaged bankruptcy scam" would produce a chip like the GN1, which at well over 700GH/s is still by far the fastest BTC ASIC on the planet.

Dude, then pray tell us what was the purpose of Hashfast,DE in addition to Hashfast,CA? Something like "special purpose investment vehicle" at Enron?

I'm not in the mood for arguing, so I'll let Professor Frank Zappa do the talking:

The mystery man came over
And he said "I'm outta sight!"
He said for a nominal service charge
I could reach nirvana tonight
If I was ready, willing and able
To pay him his regular fee
He would drop all the rest of
His pressing affairs and devote
His attention to me

But I said "Look here brother
who you jiving with that cosmik debris?
Now who you jiving with that cosmik debris?
Look here brother, don't waste your time on me"

The mystery man got nervous
And he fidget around a bit
He reached in the pocket of his mystery robe
And he whipped out a shaving kit
Now I thought it was a razor
And a can of foaming goo
But he told me right then when the top popped open
There was nothin' his box won't do
With the oil of Aphrodite, and the dust of the Grand Wazoo
He said "You might not believe this, little fella
But it'll cure your asthma too"

And I said "Look here brother
Who you jiving with that cosmik debris?
Now what kind of a guru are you, anyway?
Look here brother, don't waste your time on me"
*(Don't waste your time)*

"I've got troubles of my own", I said
"And you can't help me out
So, take your meditations and your preparations
And ram it up your snout!"
"But I got the crystal ball", he said
And held it to the light
So I snatched it, all away from him
And I showed him how to do it right

I wrapped a newspaper 'round my head
So I looked like I was deep
I said some mumbo-jumbo, then
I told him he was going to sleep
I robbed his rings and pocketwatch
And everything else I found
I had that sucker hypnotized
He couldn't even make a sound
I proceeded to tell him his future, then
As long as he was hanging around
I said "The price of meat has just gone up
And your old lady has just gone down!"

And I said "Look here brother-who you
Jiving with that cosmik debris?
Now is that a real poncho or is that a Sears poncho?
Don't you know, you could make more money as a butcher?
So, don't waste your time on me"
Don't waste it, don't waste your time on me
*(Shante)*

https://www.youtube.com/watch?v=wtx4ZJ1cwI0

[iCEBREAKER]

I think we can rest assured there's no second chip taping out in a week.

Wow, nice 20/20 hindsight bro.  The reason nobody accepted the wager a year ago was that the success of the GN1 made production of the GN2 a non-trivial probability.

How au courant of you to perform a little victory jig on HF's grave at this late date.  Aren't you just tickled pink that a BTC company failed, leaving its customers in limbo?

As for the Zappa copypasta guy, if you are unfamiliar with and surprised by the quotidian industry-wide practice of separating IP from production LLCs, please put all 100% your BTC in a cold wallet and never buy or invest in anything.  Because you are a clueless, dewy-eyed, greenhorn N00B...