HashFast announces specs for new ASIC: 400GH/s

[RoadStress]

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.

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[raskul]

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.

[iCEBREAKER]

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.   

[Syke]

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?

[jimmothy]

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.

[jjiimm_64]

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.

[raskul]

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.

[iCEBREAKER]

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.

[Unacceptable]

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.

[Micky25]

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.

[Unacceptable]

You guy's see this

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

[raskul]

You guy's see this

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

smart thing to do is to keep these guys talking.

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

[Gyrsur]

You guy's see this

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

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.

[SolarSilver]

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

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?

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.

[SolarSilver]

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?

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.

[SolarSilver]

You guy's see this

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

Code:

Eduardo de Castro, the company’s former CEO and its sole effectively remaining employee

so all the rats like Simon have left the sinking ship?

[RoadStress]

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?

They were never able to provide a USD refund for everyone. That was a lie from day 1 just like MPP and everything else.

Is it so hard to obtain the documents that contain the company's expenses? Because I really wonder how can they make so much money simply vanish. I refuse to think that HF spend ~40M$ on chips and board revisions and components.

[raskul]

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?

They were never able to provide a USD refund for everyone. That was a lie from day 1 just like MPP and everything else.

Is it so hard to obtain the documents that contain the company's expenses? Because I really wonder how can they make so much money simply vanish. I refuse to think that HF spend ~40M$ on chips and board revisions and components.

if they paid for pre-ordered devices to be build, why didn't they ship?
santa wasn't working that day, OR IT WAS ALL AN ELABORATE FRAUD and icebreaker is still complicit in that crime.

[iCEBREAKER]

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?

They were never able to provide a USD refund for everyone. That was a lie from day 1 just like MPP and everything else.

Is it so hard to obtain the documents that contain the company's expenses? Because I really wonder how can they make so much money simply vanish. I refuse to think that HF spend ~40M$ on chips and board revisions and components.

if they paid for pre-ordered devices to be build, why didn't they ship?
santa wasn't working that day, OR IT WAS ALL AN ELABORATE FRAUD and icebreaker is still complicit in that crime.

YES IT WAS ALL AN ELABORATE FRAUD!  YOU CAUGHT US.  ZOMG HOW DID YOU KNOW?  YOU ARE TOO SMART FOR US!

NO DEVICES WERE EVER SHIPPED.  ANYONE WHO SAYS THEY GOT SOMETHING IS PART OF THE CONSPIRACY.

JUDGE MONTALI IS  ALSO COMPLICIT IN THE CRIME.  THAT'S WHY HE ALLOWED HASHFAST TO BE IN CHAPTER 11 INSTEAD OF CHAPTER 7.  THE 12+ LAWYERS OF THE CREDITOR COMMITTEE AND US ATTY OFFICE ARE ALSO COMPLICIT.

LUKE JR, WHO SAYS HE RECEIVED A BABY JET, IS RUNNING THE CONSPIRACY FROM A KLINGON SHIP NEAR URANUS.

[RoadStress]

YES IT WAS ALL AN ELABORATE FRAUD!  YOU CAUGHT US.  ZOMG HOW DID YOU KNOW?  YOU ARE TOO SMART FOR US!

Let's make a short HF recap. They cashed in what? 40M$? 50M$? They refunded under 500k$ (I think) and they shipped what? One Batch of miners? Where are the rest of the money? A 28nm maskset should be ~5M$ or even less. HF team was either a retard to sink all the money into useless shit or they found a way to siphon the money out of the company for their own benefit.