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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875129 times)
iCEBREAKER
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September 10, 2014, 05:36:57 AM
 #10641

And RoadStress, if you really think that your lulzy infinite liability creating interpretation is anything but trolling, please give your money to the nearest lawyer so he can explain the facts of common law to you.  Ask about the "Equity For Dummies" tutorial.   Grin

It seems like you didn't get it. Let me repeat it

In the free and volatile market of bitcoin you don't start promising full BTC refunds just to get surprised by a sudden increase in exchange rate.

Blaming someone else or some outside event is always easier than being a man and taking responsibility for your facts!

RS, what part of

The offer for refunds was made at the end of a long period of ~$100 price stability.  The spike to $1000+ was unexpected and unfortunately timed for those of us who had just used BTC to purchase ASIC pre-orders. 

did you not understand?


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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RoadStress
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September 10, 2014, 05:38:43 AM
 #10642

RS, what part of

The offer for refunds was made at the end of a long period of ~$100 price stability.  The spike to $1000+ was unexpected and unfortunately timed for those of us who had just used BTC to purchase ASIC pre-orders. 

did you not understand?

Please state the actual number of months of "stability". Was it more than 5 months?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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September 10, 2014, 05:45:20 AM
 #10643

The only reasonable interpretation is that the "refund in BTC" clause always meant "USD purchase price equivalent in BTC."  Ask any attorney with even a vague notion of contract law.

You have a very active imagination. Let's look at the actual wording.

Quote
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.

There is no way you can construe that to mean USD-equivalent. None. That is 100% clear. Full BTC refund.

Buy & Hold
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September 10, 2014, 06:57:59 AM
 #10644

The only reasonable interpretation is that the "refund in BTC" clause always meant "USD purchase price equivalent in BTC."  Ask any attorney with even a vague notion of contract law.

You have a very active imagination. Let's look at the actual wording.

Quote
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.

There is no way you can construe that to mean USD-equivalent. None. That is 100% clear. Full BTC refund.

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS. 

It also assumed BTC would remain in the ~$100 trading band, not spike to $1000.  What if BTC had fallen to $1 or risen to $1,000,000?  Now do you see how silly the argument you are making is?  Of course you don't, because that would require setting aside your greed and being rational for a change.   Cheesy

The first clue that your interpretation is absurd is when we find it leading to ridiculous demands for outrageous windfalls, or (in the case that BTC had went down) justifying refunds of less than the purchase price.

This issue was argued to death months ago.  Why are you bringing it up again now, when it is meaningless wailing and gnashing of teeth?

I guess you've never heard the phrase "DYODD."  The law w/r/t mail order refunds is clear and settled.  Do you just like to whinge about stuff you can do nothing about?   Roll Eyes


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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cedivad
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September 10, 2014, 07:20:14 AM
 #10645

Why are you guys losing time with a blind idiot?

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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September 10, 2014, 07:43:38 AM
 #10646

<lots of bullshit>

Why are you avoiding my question?

RS, what part of

The offer for refunds was made at the end of a long period of ~$100 price stability.  The spike to $1000+ was unexpected and unfortunately timed for those of us who had just used BTC to purchase ASIC pre-orders. 

did you not understand?

Please state the actual number of months of "stability". Was it more than 5 months?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
SolarSilver
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September 10, 2014, 08:05:20 AM
 #10647

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS. 

So you are stating indirectly that your word, posted here, means nothing. All those messages back in the beginning of presales where you were praising HashFast as this incredible deal was just bullshit and you can't be held accountable for it, those poor suckers who bought into HF should just have known better. Well, at least you got paid and that clears your conscience.

I think you'll find out you suckering many of us into buying into HF will keep haunting you for a long time. Karma is a bitch.
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September 10, 2014, 01:19:09 PM
 #10648

Quote
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.

There is no way you can construe that to mean USD-equivalent. None. That is 100% clear. Full BTC refund.

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS.

Again you're wrong. It was an official email from an official HashFast representative to a customer. Full BTC refunds were promised by official HF representatives. You continue to lie that they weren't.

Buy & Hold
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September 10, 2014, 07:48:38 PM
 #10649

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS. 

oh just STFU. Why are you still around anyways? Sheer malice?
Flying Hellfish
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September 10, 2014, 10:13:26 PM
 #10650

Why are you guys losing time with a blind idiot?

Seriously bro why would you insult blind idiots by lumping that sack of shit in with them...  not cool bro  Wink

I thought BCP was king fucking douche bag around here but sheeeeet old icetard takes the fucking cake!

Always bet on ICE (to lose!!!)

DYODD lmfao you mean like the bloke that wanted clarity on the refund process so he sent an email to the company.  That motherfucker was doing his own due diligence you fucktard....  He wanted clarification, asked the company for it and got it, now it's his fault the company LIED to him while he was preforming his due diligence.  You might want to look up the word fraud moron.

Do you have any fucking clue how pathetic you look icetard

To which the company replied :
Quote
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.

Funny that it's not Hash Fails fault they promised something sooooooooooo stupid but the victims fault for believing what the company told them during their due diligence phase...
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September 10, 2014, 10:45:28 PM
 #10651

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
looking forward to the answer.
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September 11, 2014, 12:12:03 AM
 #10652

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
Like suppliers? I think so?

The hearing couldn't have gone better:

Hearing Held. Motion denied for the reasons stated on the record; Mr. Siddiqui to upload an order. A status conference will be held on 10/24/14 at 11:00 a.m. A Status Conference Statement, preferably filed as a joint statment with counsel for the Unsecured Creditors' Committee, due by 10/17/14. (related document(s): 168Motion to Appoint Trustee filed by Office of the U.S. Trustee / SF) (lp ) (Entered: 09/10/2014)

Hearing Held. Motion granted; counsel for the Official Committee of Unsecured Creditors to upload an order. (related document(s): 148Motion to Consolidate filed by Official Committee Of Unsecured Creditors) (lp ) (Entered: 09/10/2014)

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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September 11, 2014, 05:01:04 AM
 #10653

What was the motion that was denied?  Similarly, what was the motion that was granted.

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
Like suppliers? I think so?

The hearing couldn't have gone better:

Hearing Held. Motion denied for the reasons stated on the record; Mr. Siddiqui to upload an order. A status conference will be held on 10/24/14 at 11:00 a.m. A Status Conference Statement, preferably filed as a joint statment with counsel for the Unsecured Creditors' Committee, due by 10/17/14. (related document(s): 168Motion to Appoint Trustee filed by Office of the U.S. Trustee / SF) (lp ) (Entered: 09/10/2014)

Hearing Held. Motion granted; counsel for the Official Committee of Unsecured Creditors to upload an order. (related document(s): 148Motion to Consolidate filed by Official Committee Of Unsecured Creditors) (lp ) (Entered: 09/10/2014)
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September 11, 2014, 05:04:23 AM
 #10654

I remember back in January, folks reported that they got refund checks.  Many didn't cash them, since the thinking was that this might release HF of greater obligations like a full BTC refund or MPP.  I am sure that some probably did cash them.

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
looking forward to the answer.
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September 11, 2014, 05:41:37 AM
 #10655

I remember back in January, folks reported that they got refund checks.  Many didn't cash them, since the thinking was that this might release HF of greater obligations like a full BTC refund or MPP.  I am sure that some probably did cash them.

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
looking forward to the answer.

no matter in cash or in BTC, I wish I could have received anything to compensate my loss...

BTC: 1DREAMcn1ELY1cSnNwrjRazGqfW1NyvLJu    DigitalOcean Reg: https://www.digitalocean.com/?refcode=bd7f576a880a
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September 11, 2014, 07:41:54 AM
 #10656

http://hashfast.org/14-30725.198.mp3

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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September 12, 2014, 10:57:00 AM
 #10657

Bankruptcy is one course of action, recapitalization is another.  The latter is preferable, unless you want to ensure the lawyers get everything.
Recapitalization would require people to trust HF. Nobody trusts them, thus creditors take matters into their own hands.
HF was in negotiation for recap funds with several sources.  It's in the court docs, which you could listen to if you'd like to get a clue.
Not many people in the adult world subscribe to such a childish Bad Guy Scammer caricature of HF.
You apparently believe that
1) HF owes you a fivefold windfall, even if that's not a legal cause for action nor within their financial capacity
and
2) we have a decent chance of recovering some of our windfalls/MPP/backorders after spending HF's few remaining resources on lawyers

Bro, if you believe those two things while sober, we've got to get together and party sometime.  I can't wait to hear what other crazy crap you'll say after a few shots!   Cool

To be fair, iCEBREAKER, if you want to post here you should let everyone know that your name is ralph and you used to work for Hashfast.    You got laid off as you were not adding any value to the estate and were taking its resources at a time it was severely undercapitalized taking money that could have been returned to creditors.    In fact, if everything was sold off and EVERYONE was fired when you were, the creditors likely would have recovered all their money.   The math is not that complicated. 

Just be fair to the others would do not know your full history. 

And the "offers" that hashfast was "so diligently" working on were with companies that never paid for the products they agreed to by when it came time to settle.    Yes, the deals are in the docs.   So is the failure to pay.    Read them all.   Not just the first act and the cole's notes.


+1

Bing bing bing bing....

And this would be the correct version of events. Thanks for playing what is the truth. You win.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
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September 12, 2014, 02:32:35 PM
 #10658

im amazed that the motion got denied?  ya there was no mismanagement? but everyone got raises when they failed their obligation to their customers... and hashfast LLC that holds the IP to avoid force liquidation or to hide money from there creditors... WTF is going with these layers?

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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September 12, 2014, 03:37:38 PM
 #10659

im amazed that the motion got denied?  ya there was no mismanagement? but everyone got raises when they failed their obligation to their customers... and hashfast LLC that holds the IP to avoid force liquidation or to hide money from there creditors... WTF is going with these layers?
The trustee motion was denied because the committee already put a CRO in charge at the company. He should have almost complete powers, a trustee would have been more expensive and probably less familiar with the hf/bitcoin mess.
The other motion got instead approved, and that was the one allowing a "substantive consolidation" between HF California and HF Delaware (so that creditors can now sell their vague next gen ip, for whatever is worth).

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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September 12, 2014, 04:41:45 PM
 #10660

Are their any details on the next gen IP?  I would think it would have to be 16nm or 14nm and be in the sub 0.10 J/GH to stay competitive.  The real question is how much additional work/money is needed to make this a working chip.

im amazed that the motion got denied?  ya there was no mismanagement? but everyone got raises when they failed their obligation to their customers... and hashfast LLC that holds the IP to avoid force liquidation or to hide money from there creditors... WTF is going with these layers?
The trustee motion was denied because the committee already put a CRO in charge at the company. He should have almost complete powers, a trustee would have been more expensive and probably less familiar with the hf/bitcoin mess.
The other motion got instead approved, and that was the one allowing a "substantive consolidation" between HF California and HF Delaware (so that creditors can now sell their vague next gen ip, for whatever is worth).
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