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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875126 times)
iCEBREAKER
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September 30, 2014, 10:47:17 AM
 #10821

Actually, my conspiracy theories are not farcical.  They are rooted in facts and evidence.  Contrarily to you, I have spent a substantial amount of time researching and talking to "clients", both very large and small.  I have even spoken with Simon and Eduardo, with Victor (the CRO) and with Monica. I have read most available testimonies and filings.  I have retained legal counsel like so many here.  I am patient.  So is the legal system. Believe me, I am not known for my sense of humour. "Why hasn't the US attorney or District Attorney made these allegations"... yet?  Your understanding of the legal system is obviously limited.  Just as is the speed at which it moves.  Yet, some of us are building the case and going through the necessary steps to help the authorities.  The liquidation/bankruptcy is only one step, unrelated to criminal procedures.

You keep repeating the "this was a new High-tech Start-up, most fail, HF is just one of them, you should have known better, stop crying" argument like a mantra.  You are either blind or in complete bad faith or you just get a kick out of annoying victims.  Either way, your crass "analysis" of the situation is insulting.

Are you claiming that HF is not a high-tech start-up?  Or are you claiming that most high-tech start-ups do not fail?  Or both?

Extraordinary claims require extraordinary evidence.  So far you have provided the first but not the second.  That's insulting to anyone possessing intelligence (although forgivable because of your outlandish imaginings' entertainment value).

My understanding of the legal system dwarfs your own.  For example, everyone else paying attention knows HF would not have been able to successfully resist both attempts to force them into Chapter 7 if there was anything amiss.  Your clumsy, vague understanding of the relation between bankruptcy and criminal proceedings fails to comprehend that even alleged criminality supervenes upon bankruptcy.

Nobody cares how humorless and patient you may be.  The point is that if the SF DA or anyone else was investigating HF, we would have heard about it and they'd be in Chapter 7, not continuing to manage their own affairs under Chapter 11, sans Trustee.

Blather cliches about "speed" all you like.  Zero is the absence of speed, and also the number of criminal acts HF has been accused of in court, where it counts.

Put up or shut up.  Save the historical fiction for your creative writing class.


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Monero
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whether we have a dictatorship or a real democracy." 
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"Fungibility provides privacy as a side effect."  Adam Back 2014
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mikelitv
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September 30, 2014, 10:54:22 AM
 #10822


My understanding of the legal system dwarfs your own. 


ROFL.  Now you are indeed amusing.

As for put or shut up, Put up I shall.  In the right forum.  This is not it.

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September 30, 2014, 11:03:03 AM
 #10823

It's a bit ironic that the only fanatic supporter of hashfast, who dedicated countless hours/days/months of his time advertising/spamming hashfast products, is now the only avid defender of hashfasts epic failure fraud. It's quite clear ulterior motives are involved.

Icebreaker I've got a serious question for you:

How can you have absolutely no shame? I'd love to know how one can go about being such a massive fuckup, cost several victims thousands of dollars, and feel good about it.

Whether you care to admit it, you are likely responsible for several thousand dollars worth of sales from your several month long advertisement campaign.

Regardless of your twisted agenda driven opinion, hashfast did act fraudulently. There is no other way to explain how a company could lose $50 million when production costs should have been no more than $5m. (and before you bring up NRE, it was paid for before taking in preorders)

You are responsible for several thousand dollars in losses yet you come here daily to berate the victims of your own ineptitude. Quite disgraceful if you ask me.
cedivad
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September 30, 2014, 12:16:06 PM
 #10824

Guys, don't feed the troll. Let him roast with our BTC. Once that this story is over and he will be either in jail or here changing arguments yet another time we will have time for the last laugh.

At least you're not as crazy as Davide, who still clings to the fantasy of HF self-mining.
It took you only one year to get my name right.

Like new restaurants, most high-tech start-ups fail.
Restaurants with $20M in preorders and $15M+ in debt. Or "startups" with the same finances. That didn't fail to make profit, but to deliver afterwards...

You see? It's worse than talking to a wall. Let's let the wall echo itself.

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
iCEBREAKER
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September 30, 2014, 12:39:42 PM
 #10825

It's a bit ironic that the only fanatic supporter of hashfast, who dedicated countless hours/days/months of his time advertising/spamming hashfast products, is now the only avid defender of hashfasts epic failure fraud. It's quite clear ulterior motives are involved.

Icebreaker I've got a serious question for you:

How can you have absolutely no shame? I'd love to know how one can go about being such a massive fuckup, cost several victims thousands of dollars, and feel good about it.

Whether you care to admit it, you are likely responsible for several thousand dollars worth of sales from your several month long advertisement campaign.

Regardless of your twisted agenda driven opinion, hashfast did act fraudulently. There is no other way to explain how a company could lose $50 million when production costs should have been no more than $5m. (and before you bring up NRE, it was paid for before taking in preorders)

You are responsible for several thousand dollars in losses yet you come here daily to berate the victims of your own ineptitude. Quite disgraceful if you ask me.

"Countless months?"  "Come here daily?"  If you have to exaggerate the facts, it's usually because your underlying point is weak.   Roll Eyes

If HF "did act fraudulently" there must be some evidence.  However, when repeatedly and directly asked to provide proof the US Attorney did not offer any.  Was Ms. Glosson lying to the judge?  Is she also part of mikelitv's feverish conspiracy theory?  Maybe she's the one who stole the $50MM...!   Shocked

This paradigm of 'business failure and bankruptcy are shameful' is based on silly Puritan logic.  IE, God must be angry at you for sinning and that's why He didn't Bless your risky high-tech venture with success.  It's the same asinine concept as conflating poverty with poor character.

In the real world, companies fail and go through bankruptcy all the time.  Not every company is BFL.

I'm berating the windfall-seekers and conspiracy theorists.  They deserve it.  Losing money by gambling on Bitcoin ASICs is not a valid excuse for A) ignoring contract law to justify greed or B) making up zany defamatory nonsense about drug-dealing self-mining arsonist bookies.

HF made the worlds fastest ASIC and almost recovered from their early mistakes.  Throwing a tantrum and screaming 'it was a scam all along' is reprehensible and I am not afraid to condemn such behavior.  What happens if you go to a casino and only start shouting "OMG IT'S A SCAM" *after* you lose at the craps table?  Will anyone feel sorry for you?  Or will the security guards help you find an exit?


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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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
jimmothy
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September 30, 2014, 01:32:15 PM
 #10826

In the real world, companies fail and go through bankruptcy all the time.  Not every company is BFL.

Normally those companies don't have millions of dollars worth of orders lined up with 90% profit margins before declaring bankruptcy.

Hashfast was very successful, they just "mismanaged" their money is all.

BFL who had similar delays was also very successful but they didn't lose their $45m profit.

Quote
I'm berating the windfall-seekers and conspiracy theorists.  They deserve it.  Losing money by gambling on Bitcoin ASICs is not a valid excuse for A) ignoring contract law to justify greed or B) making up zany defamatory nonsense about drug-dealing self-mining arsonist bookies.

Isn't changing the contract several times ignoring contract law?

If Hashfast would have just followed FTC guidelines (like the ones BFL is currently being sued for breaking) then preordering wouldn't have had to be a gamble.

The only windfall seekers are Hashfast by promising that they can give a windfall(full btc refunds) and acquiring customers because of it.

If they did manage to tunnel the money out of Hashfast then that would be a massive windfall.

Quote
HF made the worlds fastest ASIC and almost recovered from their early mistakes.  Throwing a tantrum and screaming 'it was a scam all along' is reprehensible and I am not afraid to condemn such behavior.  What happens if you go to a casino and only start shouting "OMG IT'S A SCAM" *after* you lose at the craps table?  Will anyone feel sorry for you?  Or will the security guards help you find an exit?

How did they almost recover from their mistakes? They have had a working ASIC since January. Their one mistake was that their massive stacks of money magically disappeared.

Honestly what happened to the money?
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September 30, 2014, 05:53:57 PM
 #10827

How did they almost recover from their mistakes? They have had a working ASIC since January. Their one mistake was that their massive stacks of money magically disappeared.

Honestly what happened to the money?

Why isn't that argument in court? They promised delivery by Oct/Nov/Dec, but they failed and had working units in January? How is not that a fail/scam?

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 30, 2014, 06:26:49 PM
 #10828

Probably something to do with all the pay increases when they claimed to be short on cash flow!

BitCoin Operated Boy
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October 06, 2014, 03:41:51 PM
 #10829

Any news on hashfast, or any timeframes to when they can start providing refunds? i thought they started selling alot of items?

No refunds and non will be.
They sell their new products but we'll get jack shit.

They will, probably, soon start posting new photos of themselves grinning while holding their alleged new products.
Legend21
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October 06, 2014, 10:33:55 PM
 #10830

17 october is the next update? when we got our money back fuk, i already ask my money january back because i knew this would happend. now is all fuckup


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bayo
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October 07, 2014, 10:18:24 AM
 #10831

17 october is the next update? when we got our money back fuk, i already ask my money january back because i knew this would happend. now is all fuckup
+1

HardwareReviewer
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October 08, 2014, 08:52:50 PM
 #10832

If I understand correctly:

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?

Prepare to enter a world of stress
cedivad
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October 08, 2014, 09:01:12 PM
 #10833

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?
Yes, but the deadline passed. The two cases were "substantively consolidated". If you don't disagree with them with your credit there wasn't any need to file anything.

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
HardwareReviewer
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October 08, 2014, 09:29:41 PM
 #10834

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?
Yes, but the deadline passed. The two cases were "substantively consolidated". If you don't disagree with them with your credit there wasn't any need to file anything.

OK tnx. Still funny that I got the "substantively consolidated" notice (by mail) after the deadline for filing PoC had passed.

Prepare to enter a world of stress
cedivad
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October 09, 2014, 12:19:13 PM
 #10835



Someone is copying from HF's book.

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
HardwareReviewer
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October 09, 2014, 04:38:21 PM
 #10836

Sometimes something is funny when it's also true.

Josh's remark is neither.

Prepare to enter a world of stress
Gyrsur
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October 12, 2014, 02:47:40 PM
 #10837

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?
Yes, but the deadline passed. The two cases were "substantively consolidated". If you don't disagree with them with your credit there wasn't any need to file anything.

ok, thanks!

are the two cases really consolidated? because if I fill in the case 14-30866 (HashFast LLC) I'm not listed as a creditor and when I fill in the case 14-30725 (HashFast Technologies LLC) I'm listed as a creditor:

https://ecf.canb.uscourts.gov/cgi-bin/autoFilingClaims.pl

EDIT: got also this "substantively consolidated" note via US mail.
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October 14, 2014, 05:33:32 PM
 #10838

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?

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
cedivad
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October 14, 2014, 05:45:46 PM
 #10839

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?
Which IP? How much do you think it to be worth? They claim to have like 5 BTC.

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
dhenson
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October 14, 2014, 07:09:41 PM
 #10840

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?
Which IP? How much do you think it to be worth? They claim to have like 5 BTC.

What about that 3000 btc address that was outed?

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

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