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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875471 times)
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March 03, 2015, 09:40:59 PM
 #11461

HOLY CRAP... this is proof that cypher has "my" and other bitcoins!!!
Welcome to the party. He has mines as well, for what that matters. He is the one Barber mentioned as a "supplier" but didn't want to further identify.
Why do people keep calling him by his made up name?   You know his name, use it.   If you truly think he perpetrated fraud against you, why hide his identity?   He is a doctor and has a business and definitely would not want a judgement against him so I would expect he will turn the coins back over.   If he fights it even a little bit, it brings up other questions on whether he perpetrated fraud on any of you and deceived you into your purchases.

I am not sure he did anything wrong.... hashfast paid him to make HF and the BabyJets look good...  he did his job and got paid.
......I was surprised to find out publicly who has control to the keys of the 3k coins I was watching..
Problem is, even if HF clawed  back the coins..  we are still so fukin far down the list we will never get anything.....
Now it is time for law to get involved.. not civil,  criminal law should be involved in this.
The amount paid is so far above a plausible amount, it suggests impropriety.
Personally, I think the lawyers that HF hired should be liable.   We sued to force HF into Chapter 7, immediate liquidation with distribution to pay off the creditors.   They argued it should be Chapter 11 (on going concern) yet never did ANYTHING other than pursue selling of the assets of the company.   So, why did they fight the chapter 7.   In May, we had a chance of getting our money back and the lawyers' bills would have totaled 200k, not over a million.    When they argued in court to avoid the chapter 7, they said they were going to run the business.   What did they do other than pursue liquidation?

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March 04, 2015, 12:11:23 AM
 #11462

Quote
Were paid to endorse under contract.
Rofl... even if they were paid, they got more than us.

*snickering intensifies*

I never got paid anything...

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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March 04, 2015, 01:02:22 AM
 #11463

So, did anyone report Mark A Lowe to the IRS yet? I don't want him to be able to somehow settle by voluntarily disclosing it, if that's a possibility over there.

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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March 04, 2015, 01:06:06 AM
 #11464



correct me if I am wrong... Hashfast LLC is sueing mark for those 3k coins?

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March 04, 2015, 01:14:38 AM
 #11465

correct me if I am wrong... Hashfast LLC is sueing mark for those 3k coins?
That is not what he is talking about.
If you received $350,000 in 2013, you had to pay income tax of around $175000 to the IRS and CA.    Just because you may have to "give it back" at a future date does not mean you did not have to pay the tax in the first place.    And, if you did not report this income, it is called TAX EVASION which is a very serious and harshly prosecuted crime.    It also allows the IRS to audit you going back as far as they deem necessary and you lose the right for them to only audit back three years.

I am sure Mark paid his taxes on this payment out of his bank account and that is why he did not need to sell around half the coins to pay the taxes.   But, if he did not report this income. I am sure he will quickly re-file his tax returns and pay it immediately (because if he consults a tax attorney they will tell him that if he does not do that BEFORE the IRS sends the audit letter his chances of getting convicted is close to 100%).

I did not report him as I do not need the 15% whistleblower's payment.   I am sure he followed the law or has corrected his behavior if he did not follow the law.

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March 04, 2015, 01:19:54 AM
 #11466

correct me if I am wrong... Hashfast LLC is sueing mark for those 3k coins?
That is not what he is talking about.
If you received $350,000 in 2013, you had to pay income tax of around $175000 to the IRS and CA.    Just because you may have to "give it back" at a future date does not mean you did not have to pay the tax in the first place.    And, if you did not report this income, it is called TAX EVASION which is a very serious and harshly prosecuted crime.    It also allows the IRS to audit you going back as far as they deem necessary and you lose the right for them to only audit back three years.

I am sure Mark paid his taxes on this payment out of his bank account and that is why he did not need to sell around half the coins to pay the taxes.   But, if he did not report this income. I am sure he will quickly re-file his tax returns and pay it immediately (because if he consults a tax attorney they will tell him that if he does not do that BEFORE the IRS sends the audit letter his chances of getting convicted is close to 100%).

I did not report him as I do not need the 15% whistleblower's payment.   I am sure he followed the law or has corrected his behavior if he did not follow the law.

I was asking the question in general, not a response to the tax issue....

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March 04, 2015, 01:22:05 AM
 #11467

correct me if I am wrong... Hashfast LLC is sueing mark for those 3k coins?
That is not what he is talking about.
If you received $350,000 in 2013, you had to pay income tax of around $175000 to the IRS and CA.    Just because you may have to "give it back" at a future date does not mean you did not have to pay the tax in the first place.    And, if you did not report this income, it is called TAX EVASION which is a very serious and harshly prosecuted crime.    It also allows the IRS to audit you going back as far as they deem necessary and you lose the right for them to only audit back three years.

I am sure Mark paid his taxes on this payment out of his bank account and that is why he did not need to sell around half the coins to pay the taxes.   But, if he did not report this income. I am sure he will quickly re-file his tax returns and pay it immediately (because if he consults a tax attorney they will tell him that if he does not do that BEFORE the IRS sends the audit letter his chances of getting convicted is close to 100%).

I did not report him as I do not need the 15% whistleblower's payment.   I am sure he followed the law or has corrected his behavior if he did not follow the law.

I was asking the question in general, not a response to the tax issue....
Yes the estate has filed asking the court for the return of these coins to the estate.
The filing is a good read and gives the back up for why they should be ordered back into the estate.

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March 04, 2015, 03:30:25 AM
 #11468

So basically Mark A Lowe was paid to mislead ('endorse') with money that came directly from customer pre-order funds? How is this not a scam?

Quote from: cypherdoc
what Hashfast is asking is for only 4.5 mo of your time to lock up your money.
(link)

He knew HF would not 'lock up' the money because he was getting a slice of it. So full refunds were out of the question from day 1

Quote from: cypherdoc
i don't get paid unless this whole thing is successful
(link)

Well, he and HF must have a strange definition of successful... because he clearly got paid.


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March 04, 2015, 04:09:51 AM
 #11469

And from the latest filing Docket 335, our money is still being spent go who knows what.
$15K to salaries (why?)
$21K for shipping (to who? doesn't the customer usually pay this)
$40K in professional fees (for what?)
$4.6K to a King Security (for what, armed guards?)

Agree that Chapter 7 quick and easy would have been the best possible path.  Usually Chapter 11 is to restructure so that more money goes back to the creditors.  In this case, it is the opposite.  7 definitely would have gotten us something.  Looking like we will get nothing in 11.

HOLY CRAP... this is proof that cypher has "my" and other bitcoins!!!
Welcome to the party. He has mines as well, for what that matters. He is the one Barber mentioned as a "supplier" but didn't want to further identify.
Why do people keep calling him by his made up name?   You know his name, use it.   If you truly think he perpetrated fraud against you, why hide his identity?   He is a doctor and has a business and definitely would not want a judgement against him so I would expect he will turn the coins back over.   If he fights it even a little bit, it brings up other questions on whether he perpetrated fraud on any of you and deceived you into your purchases.

I am not sure he did anything wrong.... hashfast paid him to make HF and the BabyJets look good...  he did his job and got paid.
......I was surprised to find out publicly who has control to the keys of the 3k coins I was watching..
Problem is, even if HF clawed  back the coins..  we are still so fukin far down the list we will never get anything.....
Now it is time for law to get involved.. not civil,  criminal law should be involved in this.
The amount paid is so far above a plausible amount, it suggests impropriety.
Personally, I think the lawyers that HF hired should be liable.   We sued to force HF into Chapter 7, immediate liquidation with distribution to pay off the creditors.   They argued it should be Chapter 11 (on going concern) yet never did ANYTHING other than pursue selling of the assets of the company.   So, why did they fight the chapter 7.   In May, we had a chance of getting our money back and the lawyers' bills would have totaled 200k, not over a million.    When they argued in court to avoid the chapter 7, they said they were going to run the business.   What did they do other than pursue liquidation?
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March 04, 2015, 04:56:44 AM
 #11470

Hope they made enough to afford protection for the rest of their lives...

Useless threat. Looking at TerraHash fail and also at BFL I am pretty sure nothing will happen to the 2 liars.

I am not referring soul-ly to material payments.

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March 04, 2015, 04:43:06 PM
 #11471

In October 2013 HashFast approached me with the idea of giving me engineering information and compensation in exchange for a campaign of posting generally positive things about them.

They mentioned a quota, a minimum number of posts per day.

I try to be respectful and informed.
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March 04, 2015, 05:04:29 PM
 #11472

So basically Mark A Lowe was paid to mislead ('endorse') with money that came directly from customer pre-order funds? How is this not a scam?

Quote from: cypherdoc
what Hashfast is asking is for only 4.5 mo of your time to lock up your money.
(link)

He knew HF would not 'lock up' the money because he was getting a slice of it. So full refunds were out of the question from day 1

Quote from: cypherdoc
i don't get paid unless this whole thing is successful
(link)

Well, he and HF must have a strange definition of successful... because he clearly got paid.




I stand corrected...  cypher was part of the scam.....

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March 05, 2015, 12:44:58 AM
 #11473

Small investment wasted, got 1 refund at least.  its a shame how much damage you guys did to everyone else...  if only you had listened to reason instead of fear.

Right, because the scammers wouldn't have scammed you harder if you left them to their business. I would repeat it ad infinitum, but I know that you wouldn't listen, so I will just point it out once a month or so.

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
armyof1ne
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March 05, 2015, 07:40:35 PM
 #11474

Small investment wasted, got 1 refund at least.  its a shame how much damage you guys did to everyone else...  if only you had listened to reason instead of fear.

Right, because the scammers wouldn't have scammed you harder if you left them to their business. I would repeat it ad infinitum, but I know that you wouldn't listen, so I will just point it out once a month or so.
That fact that owning the company and removing said scammers is not in your thought process after being slammed about it over and over again with a potential buyout with enough capital to pay back everyone and keep the company going for 10 years... you still do not understand even after this amount of time, still sticking to the belief that your actions were right, look at what your actions did, Exactly what i said they would, and you still are too stupid, too ignorant and too proud to listen.

Mr. Cavion, do you truly feel you have done ANY good at all in any of this? at all? because you shouldn't.
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March 06, 2015, 11:11:22 AM
 #11475

Small investment wasted, got 1 refund at least.  its a shame how much damage you guys did to everyone else...  if only you had listened to reason instead of fear.

Right, because the scammers wouldn't have scammed you harder if you left them to their business. I would repeat it ad infinitum, but I know that you wouldn't listen, so I will just point it out once a month or so.
That fact that owning the company and removing said scammers is not in your thought process after being slammed about it over and over again with a potential buyout with enough capital to pay back everyone and keep the company going for 10 years... you still do not understand even after this amount of time, still sticking to the belief that your actions were right, look at what your actions did, Exactly what i said they would, and you still are too stupid, too ignorant and too proud to listen.

Mr. Cavion, do you truly feel you have done ANY good at all in any of this? at all? because you shouldn't.

Stop shifting the blame around for HashFast spectacular failure. It's not people who initiated the court action which are guilty for this mess, it's the HF incompetent scamming management who did this. You make it look like the management was doing everything they can, while greedy customers conspired to stop them. In fact is exactly other way around - they were lying and missing deadline after deadline, after deadline, right from the start. Missing deadline once or twice can be forgiven, but deliberately lying about full BTC refunds while never ever being serious to honor the promise simply can not.

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March 06, 2015, 04:44:16 PM
 #11476

Let me put it this way... Every single step of the way i called, and it happened, Mull that over for a minute...
Davide has argued with me this whole time, he still can't admit that i was right at all, simply because of his pride prevents it, he is more like hashfast management than you could possibly understand.  And exactly why this was a problem in the first place
Yes, you are brilliant and that is why you have been so successful in your life.   Why don't you detail that out for us?   Trying playing an adult in real life, not just in your video game world.  Get your own shit together and then criticize others.   Your career as a Monday Morning Quarterback is not going to get you much in life.   (sorry cevidad, you will not be able to figure out the last sentence's meaning).

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March 06, 2015, 07:47:24 PM
 #11477

I only post when I've got something interesting to say.

Prepare to enter a world of stress
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March 06, 2015, 08:04:25 PM
 #11478

Let me put it this way... Every single step of the way i called, and it happened, Mull that over for a minute...
Davide has argued with me this whole time, he still can't admit that i was right at all, simply because of his pride prevents it, he is more like hashfast management than you could possibly understand.  And exactly why this was a problem in the first place
Yes, you are brilliant and that is why you have been so successful in your life.   Why don't you detail that out for us?   Trying playing an adult in real life, not just in your video game world.  Get your own shit together and then criticize others.   Your career as a Monday Morning Quarterback is not going to get you much in life.   (sorry cevidad, you will not be able to figure out the last sentence's meaning).
Sadly, your sarcasm was actually a truthful statement... thank you.  Do you want me to detail exactly how bad you guys fucked up, play for play? do you hold yourself so high to think you are actually worth that time to rebuild it all for you? please... you want that, there is a whole lot of reading you can do.  you aren't worth destroying, you do that well enough yourself.
i already had my shit together, its quite obvious you don't and can't.
Continue living your life the way you do and watch it burn, unless you learn from your mistakes, you are bound to repeat them.
See, monday morning quarterbacks are AFTER the event has passed... Guess you have memory problems, as i was telling it BEFORE the event... please read up on why you are a fucking idiot.
You could not keep yourself from replying could you?   You even had to go back and edit it a couple of times.   I am pretty secure in who I am and whether I am successful without the validation of someone like you. 
Yes, we all believe that you are a player and had investors just waiting to throw millions at HF to save us all.   Yes, we all believe that these investors would have repaid the $15 Million that creditors were owed AND then invest another $5M to get HF producing.   Yes, because someone from his basement, in between his video game wars saving the world, also is SO smart he can gather investors with millions.   Whatever.   Keep pretending you are a big player in life on the internet and in your video games and you never will be.   Your time would be better spent actually becoming someone in real life instead of just playing one on the internet.
Reflect on who you are and why you harbor such anger.   You will be a better man for it.

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March 06, 2015, 08:18:15 PM
 #11479

I only post when I've got something interesting to say.
I see what you did there.
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March 06, 2015, 08:45:32 PM
 #11480

I only post when I've got something interesting to say.

me too!

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