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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875132 times)
RoadStress
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December 13, 2014, 05:18:39 AM
 #11281

HF wanted to give customers the option of refunds in BTC.  That option was precluded by the legal scrutiny/expenses brought by PMorici, etc.

The legal scrutiny/expenses started in May right? What did HF do until then? I am pretty sure they haven't refunded everyone from Batch 1 until then so this is just a cheap excuse.

J64 was not promised 51 coins back WITH NO EXCLUSIONS.

There were no exclusions mentioned in the statement. How could J64 guess the exclusions since there was no mention of them? If the exclusion refers to the exchange rate please enlighten everyone how should we guess the limit exchange rate where HF couldn't offer a full BTC refund.

How was HF supposed to pay for the pre-ordered devices to be built, if they didn't convert the BTC?  Magical charity elves?  Cargo cult ceremonies?

HF promised a full refund in case of non-delivery except that they had no money, thus they lied about the refund!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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December 13, 2014, 05:20:17 AM
 #11282

Icebreaker is it true you were hashfast_CL?
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December 13, 2014, 05:22:26 AM
 #11283

Icebreaker is it true you were hashfast_CL?

complicit in the fraud.

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December 13, 2014, 05:27:42 AM
 #11284

Icebreaker is it true you were hashfast_CL?

complicit in the fraud.

Not only that but I'd argue that HF_CL is solely responsible for HF's downfall.

HF could have easily survived the onslaught of refunds if they just sold more chips/boards. But that didn't happen because HF_CL successfully turned the entire community against HF with his/her icebreaker-like bickering.
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December 13, 2014, 05:38:07 AM
 #11285

HF wanted to give customers the option of refunds in BTC.  That option was precluded by the legal scrutiny/expenses brought by PMorici, etc.

The legal scrutiny/expenses started in May right? What did HF do until then? I am pretty sure they haven't refunded everyone from Batch 1 until then so this is just a cheap excuse.

J64 was not promised 51 coins back WITH NO EXCLUSIONS.

There were no exclusions mentioned in the statement. How could J64 guess the exclusions since there was no mention of them? If the exclusion refers to the exchange rate please enlighten everyone how should we guess the limit exchange rate where HF couldn't offer a full BTC refund.

How was HF supposed to pay for the pre-ordered devices to be built, if they didn't convert the BTC?  Magical charity elves?  Cargo cult ceremonies?

HF promised a full refund in case of non-delivery except that they had no money, thus they lied about the refund!

As long as you keep starting with invalid premises, you will continue to reach invalid conclusions.

Obvious to any observer is that you desire to reach invalid conclusions, to justify your vendetta against (of all things) a tiny start-up that was almost successful but suffered one setback too many.

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

This was debunked months ago.  It was a ridiculous, impossible interpretation constructed to benefit the cupidity of its proponents.  There are many highly imaginative subplots to this conspiracy theory involving hedges, reinsurance, and secret escrow accounts, none of which were ever mentioned by HF or their TOS.

Invalid Premise #2 is "HF didn't refund their Batch One customers"

If you bother paying attention, you'll find out HF did offer refunds to all Batch One customers who requested them.  Only a few greedy fools insisted on refusing to cash their refund checks, as testament to their unshakeable belief in their right to a windfall.


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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
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December 13, 2014, 05:50:37 AM
 #11286

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

This was debunked months ago.  It was a ridiculous, impossible interpretation constructed to benefit the cupidity of its proponents.  There are many highly imaginative subplots to this conspiracy theory involving hedges, reinsurance, and secret escrow accounts, none of which were ever mentioned by HF or their TOS.

Who says it's invalid? You?

How was this debunked? Please refresh my memory.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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December 13, 2014, 05:55:34 AM
 #11287

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

This was debunked months ago.  It was a ridiculous, impossible interpretation constructed to benefit the cupidity of its proponents.  There are many highly imaginative subplots to this conspiracy theory involving hedges, reinsurance, and secret escrow accounts, none of which were ever mentioned by HF or their TOS.

Who says it's invalid? You?

How was this debunked? Please refresh my memory.

it all went right out of the window when hashfail said - 'fuck you we are keeping it all'

thieves, fraudulent criminals and their online assistants carefully orchestrated this crime.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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December 13, 2014, 05:59:12 AM
 #11288

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

This was debunked months ago.  It was a ridiculous, impossible interpretation constructed to benefit the cupidity of its proponents.  There are many highly imaginative subplots to this conspiracy theory involving hedges, reinsurance, and secret escrow accounts, none of which were ever mentioned by HF or their TOS.

Who says it's invalid? You?

How was this debunked? Please refresh my memory.

The Hon. Dennis Montali of the United States Bankruptcy Court's Northern District of California says the windfall/fraud/incompetence/scam/criminal/thief claims are rubbish.

That's why HF is in Chapter 11, and not Chapter 7 like PM and MM wanted.

The 'Magic Full BTC Pony' claims were first debunked authoritatively several months ago, in HF's response to PMorici's Windfall Demand Letter.  Please read it and LEARN HOW TO FACT.   Wink


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"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
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December 13, 2014, 06:17:33 AM
 #11289

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

Ok, at exactly what BTC price was the full BTC refund clause valid? You can show that, can't you? Or is the price restriction just a figment of your sick imagination?

Buy & Hold
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December 13, 2014, 06:23:22 AM
 #11290

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

Ok, at exactly what BTC price was the full BTC refund clause valid? You can show that, can't you? Or is the price restriction just a figment of your sick imagination?


According to icebreakers totally sound logic, the deal was invalid the second it was made.

There has never been a day in bitcoin history where the price remained stable.
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December 13, 2014, 06:37:54 AM
 #11291

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

Ok, at exactly what BTC price was the full BTC refund clause valid? You can show that, can't you? Or is the price restriction just a figment of your sick imagination?


My suggestion is to just ignore him.. as I did...  We all know they promised btc refund, regardless of usd price...  HF knew that any experienced miner was calculating profits in btc, not in dollars. that is why they came up with the miner protection program, that alone shows that simon and his gang knew we were counting btc, not dollars...

lets move on, the btc are gone... if we are lucky we might get some pennies on the dollar. the usd dollar.

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December 13, 2014, 06:45:28 AM
 #11292

My investment wasn't just my money.
Myself, my Mother and my Brother in Law all put money into these criminals pockets.
We paid in $USD so its not just BTC they have defrauded from victims.

Criminals.

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December 13, 2014, 08:14:10 AM
 #11293

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

Ok, at exactly what BTC price was the full BTC refund clause valid? You can show that, can't you? Or is the price restriction just a figment of your sick imagination?


"Full BTC refund" means you get a full refund (of the USD purchase price) in BTC.  At whatever the rate happens to be at the time.  Obviously.

If you paid with X dollars worth of BTC, you get X dollars worth of BTC should a refund come due.

The 'I'm entitled to get back the exact same number of BTC from HF, no matter the economic impossibility of such an expectation when the price of BTC rises almost tenfold" point of view is very popular here.  It exists in many peoples' imaginations, but cannot be reconciled with reality.


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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
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December 13, 2014, 08:59:52 AM
 #11294

Invalid Premise #1 is "full BTC refund means the EXACT NUMBER of BTC paid NO MATTER WHAT"

Ok, at exactly what BTC price was the full BTC refund clause valid? You can show that, can't you? Or is the price restriction just a figment of your sick imagination?


"Full BTC refund" means you get a full refund (of the USD purchase price) in BTC.  At whatever the rate happens to be at the time.  Obviously.

If you paid with X dollars worth of BTC, you get X dollars worth of BTC should a refund come due.

The 'I'm entitled to get back the exact same number of BTC from HF, no matter the economic impossibility of such an expectation when the price of BTC rises almost tenfold" point of view is very popular here.  It exists in many peoples' imaginations, but cannot be reconciled with reality.


"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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December 13, 2014, 09:21:54 AM
 #11295

I'm pretty sure HF would have canceled all orders and refunded everyone in BTC - if the BTC price went down to $10 in December 13.
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December 13, 2014, 09:22:20 AM
 #11296

You guy's see this Huh

http://arstechnica.com/business/2014/12/man-who-bought-bitcoin-startup-assets-speaks-raising-even-more-questions/

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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December 13, 2014, 01:58:16 PM
 #11297


so here are my options:

1.buy the equipment that I already paid for, pay for it again and wait til the end-of-never for it to arrive.
2.buy more efficient equipment from Sp-Tech and have it here in under 48 hours.

 es un no de mí Sr Hashfail

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December 13, 2014, 03:42:47 PM
 #11298


http://arstechnica.com/business/2014/12/mysterious-politician-steps-in-to-buy-bitcoin-startup-hashfasts-assets/

hahaha, this bitcoin microcosm is the craziest I've ever seen!

the question for the next year is: who has the best chip design and is able let it become real.
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December 13, 2014, 11:53:41 PM
 #11299

It's obvious Hashfast made promises they could not keep because they never hedged. They did not keep a sizeable buffer of refund money in BTC. They did not get a reinsurance contract with a company like Swiss Re.

That shows either malicious intent or incompetence.

HF never claimed to be hedging with our BTC.  Where did you get the idea they were?  You just pulled that out of your ass.

Yes it's clear now that HF never had any provisions to honour MPP or refunds, whether in USD or BTC

Quote
Businesses fail all the time due to nothing except bad luck and adverse market conditions, despite what PM's shitty atty says.

With the MPP countdown starting in the beginning of November, why did they never deliver any of the MPP in January that they were contractually obliged to deliver? Or any of the paid of upgrade kits? Adverse market conditions like soaring difficulty?

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Get over your conceit that you are so smart only an evil villain could possibly cause you to lose BTC.

You had months in court to prove that, but completely failed to do anything but destroy our chances for compensation.

How much of a fuckwit are you to keep repeating debunked conspiracy theories about reinsurance and buffers, when such notions never had a basis in reality?

The only malicious intent and incompetence in this situation is to be found on the haters' side, in the form of defamation and repetition of buyer's remorse masquerading as cause for offense.

Your uncalled name calling here points only to the fact that this topic strikes a nerve with you. Guilty conscience?

I don't have to prove anything in court. Time will just show what rol those involved played and it will catch up with them. In and out of court.
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December 14, 2014, 12:01:26 AM
 #11300

How was HF supposed to pay for the pre-ordered devices to be built, if they didn't convert the BTC?  Magical charity elves?  Cargo cult ceremonies?

So if all the BTC was converted in cash to pay for pre-ordered devices, how would they ever be able to provide a USD refund?

That system can only work if you refund old customers with fresh cash flowing in from new punters.

Isn't that a pyramid scheme?

How comes other companies in the past were successful in providing a refund and not go bankrupt? They are running a better pyramid scheme and 'adverse conditions' torpedoed HF?

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Nobody was misled into believing in a secret HF escrow or hedge fund.  The TOS don't mention escrow or hedge funds and BitPay is an affirmative repudiation of that conspiracy theory.

A hedge fund has nothing to do with the kinds of structures a company sets up to hedge itself against rising exchange rates, but at least you get a point for recognizing a word and trying to post a rant. Good for you, here is another star to stick to your clue card.

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