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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875470 times)
iCEBREAKER
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March 06, 2015, 08:45:47 PM
 #11481


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?

You really think the lawyers are liable for participating in the situation you created?  What a spectacularly stupid thing to say.

HF, like anyone else, is entitled to due process.  That means they are allowed to hire lawyers.

The lawyers' job is to advocate for their client.  You should have learned this from watching court dramas on TV.

Another bit of common sense you should have learned from TV is that nobody wins except the lawyers once they get involved.

You were warned in advance by multiple parties no good would come of a litigious Samson Option.  You didn't listen, and now we all get to wait in line behind the lawyers for refunds that will probably never come.

Thanks a lot.  You did a heck of a job (driving a struggling start-up out of business and screwing its creditors).

armyof1, I'd like to oppose Koi's request for priority reimbursement on the grounds their BS bankruptcy filing did nothing but ruin our chances of even partial compensation.

Please help us out with any ideas you have to counter this:

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/

It's asinine for the people who initiated this legal fiasco to expect to be repaid before those who correctly warned against their ill-advised filings.


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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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iCEBREAKER
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March 06, 2015, 08:58:45 PM
 #11482

Quote
Motion for Order Allowing Reimbursement of Expenses of Koi Systems

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/

Applicants have the burden of proving their entitlement to administrative expenses. The expenditures must benefit the bankruptcy estate as a whole rather than just Applicants.

OK class, who can explain exactly how Koi's expenditures (filing for HF bankruptcy and traveling to SF) have benefited "the bankruptcy estate as a whole?"

Anyone?  Bueller?   Huh

This motion should be denied, and Koi should wait in line like the rest of us for our pennies on the dollar scraps remaining from the lawyers' feast.

Koi should be last in line, not first.  This whole retarded 'OMG WE'LL SUE YOU FOR WINDFALLS' thing was their idea, and they blew it.  Big time.

Actually it was Davide and Pete's idea too, but they weren't dumb enough to spend $50 grand just to destroy a tiny start-up and screw its creditors.

Edit:  

$500/night for hotel rooms?  Really?    Shocked  Ever heard of AirBnB?  Bobby could have rented an apt for what he lavished on luxury lodging.

What value to the "estate as a whole" did Bobby provide by attending hearings?  Did he really need to stay at our expense in the freaking four-star Westin St Francis and Omni hotels?  Maybe Auberge du Soliel was full so he had to slum it.   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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March 06, 2015, 09:07:32 PM
 #11483

Quote
Motion for Order Allowing Reimbursement of Expenses of Koi Systems

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/

Applicants have the burden of proving their entitlement to administrative expenses. The expenditures must benefit the bankruptcy estate as a whole rather than just Applicants.

OK class, who can explain exactly how Koi's expenditures (filing for HF bankruptcy and traveling to SF) have benefited "the bankruptcy estate as a whole?"

Anyone?  Bueller?   Huh

This motion should be denied, and Koi should wait in line like the rest of us for our pennies on the dollar scraps remaining from the lawyers' feast.

Koi should be last in line, not first.  This whole retarded 'OMG WE'LL SUE YOU FOR WINDFALLS' thing was their idea, and they blew it.  Big time.

Actually it was Davide and Pete's idea too, but they weren't dumb enough to spend $50 grand just to destroy a tiny start-up and screw its creditors.
I will try to come up with a solution, i think i will need to call in some favors.
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March 24, 2015, 01:27:26 AM
 #11484

I said many months ago that iCEBREAKER is a sociopath, with brain damage (neuro-chemical imbalance possibly caused by unsustaianble emotional and intellectual feedback/stimulation during early childhood) with no sense of empathy and consideration for other human beings.
No one listend. Instead, some of you here, became conformists and tried to strike a deal with him.
You should never attempt to strike a deal with a sociopath.
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March 24, 2015, 01:39:03 AM
 #11485

Instead, some of you here, became conformists and tried to strike a deal with him.
Don't confuse actual people "striking a deal" with him from puppets appearing to be doing so, because I only saw the latter happening.

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
defcon23
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March 24, 2015, 06:28:36 AM
 #11486

hi,
i have 7 babyjets from hashfast to sell.
pm me if interested.
thanx  Cool
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March 25, 2015, 07:22:09 PM
 #11487

Listening to latest court hearing audio (mp3 attachment in Docket 340), there is $93K in the estate now and $126K coming in imminently.  Since it is in chapter 11 (restructuring), this allows $219K to be split between the administrative claims (more than $1M is due to attorneys) and leaves absolutely nothing for creditors.  Did I understand this correctly?

If this were chapter 7 (liquidation), then would the $222K be split across all creditors including attorneys (attorneys don't get paid first)?
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March 25, 2015, 10:51:25 PM
 #11488

If this were chapter 7 (liquidation), then would the $222K be split across all creditors including attorneys (attorneys don't get paid first)?

No, the administrative claims would remain and a new set of lawyers would take over appointed by the US government.  Regardless of what path is taken the judge can decide to only allow partial fees if he thinks the lawyers didn't get a great outcome for the creditors.

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
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March 25, 2015, 10:56:22 PM
 #11489

Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?

If this were chapter 7 (liquidation), then would the $222K be split across all creditors including attorneys (attorneys don't get paid first)?

No, the administrative claims would remain and a new set of lawyers would take over appointed by the US government.  Regardless of what path is taken the judge can decide to only allow partial fees if he thinks the lawyers didn't get a great outcome for the creditors.
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March 26, 2015, 09:48:06 AM
 #11490

Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?
The value of the estate is in the claims, like the one against Marc A Lowe. http://hashfast.org/Marc_A._Lowe
You have an idea of what will happen to those in the next years if you kept the chapter 11 and the current power balances, while you couldn't predict it if you decided to trust the people that would be imposed with the chapter 7.

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 26, 2015, 01:56:56 PM
 #11491

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?

The current lawyers have identified parties who money can be recovered from for various reasons or erroneous claims which could be disputed.  

For example 'Cypherdoc' the forum user that was pumping Hashfast has been identified and it is know he was paid 3000 Bitcoin to promote the company.  He is still holding 3,000 bitcoin and a lawsuit has been filed against him to have it returned to creditors.  That would be close to a million dollars in recovery right there.

At the same time there are some people who have file questionable claims and those could be disputed which would increase the amount paid out to legitimate claims.

If we vote down the plan and the case converts to chapter 7 we don't know that whomever the court appoints would bother pursuing the claims against people like cypherdoc at all.

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
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March 26, 2015, 04:41:15 PM
 #11492

Quote
Motion for Order Allowing Reimbursement of Expenses of Koi Systems

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/

Applicants have the burden of proving their entitlement to administrative expenses. The expenditures must benefit the bankruptcy estate as a whole rather than just Applicants.

OK class, who can explain exactly how Koi's expenditures (filing for HF bankruptcy and traveling to SF) have benefited "the bankruptcy estate as a whole?"

Anyone?  Bueller?   Huh

This motion should be denied, and Koi should wait in line like the rest of us for our pennies on the dollar scraps remaining from the lawyers' feast.

Koi should be last in line, not first.  This whole retarded 'OMG WE'LL SUE YOU FOR WINDFALLS' thing was their idea, and they blew it.  Big time.

Actually it was Davide and Pete's idea too, but they weren't dumb enough to spend $50 grand just to destroy a tiny start-up and screw its creditors.
I will try to come up with a solution, i think i will need to call in some favors.

I'm LMAO listening to the latest hearing!  It's a total shit show. 

Koi must be the most incompetent firm in the world.  What a bumbling ship of fools.

The judge is clearly annoyed and exasperated by their ridiculous demand to prioritize Rob's $500/night 5-star hotels and bar tab therein.

BTW, here is where Rob lived it up at the expense of the rest of us creditors:


http://www.omnihotels.com/hotels/san-francisco/dining/bobs-bar

Nice!  Swanky!  Clearly, drinking here provided as many tons of value to the estate as a whole as having Rob physically present for hearings in which he didn't participate.   Roll Eyes

Now all they have to do is figure out who represented who and if they got paid, but that appears beyond their limited abilities.   Cheesy


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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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March 26, 2015, 04:47:14 PM
 #11493

iCEBREAKER wonder how much you could recoup there. Are they not suing him as well?
I would. You know, nothing to lose.

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 26, 2015, 06:10:53 PM
 #11494

iCEBREAKER wonder how much you could recoup there. Are they not suing him as well?

Ah good old Bitchnellski.  So completely clueless, as usual.   Cheesy

Remember when you were begging ASIC companies for free chips?

Why don't you just buy dev kits, like a normal non-freeloading person?

You sure do hold grudges against ASIC firms which deny your stupid failed WASP charity 'collective' products paid for by others.


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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
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March 26, 2015, 07:05:28 PM
 #11495

iCEBREAKER wonder how much you could recoup there. Are they not suing him as well?
I would. You know, nothing to lose.

Be nice to wipe that shit eating grin off his face as well right?

Not gonna happen Bitchnellski.   Cheesy

Even an aggressive panhandler like you should know better than to trust Davide's infamously terrible internet lawyer skills.  Grin

 Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy  Grin  Cheesy
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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
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March 26, 2015, 07:13:56 PM
 #11496

Sue iCEBREAKER... why not indeed.

What about it are they looking into his ill gotten loot?


You are so hilariously clueless.

No wonder your WASP Project never went anywhere.

You are actually stupid enough to think ASIC companies would just give you free dev kits, even though their customers payed for them.   Grin

What a freeloader.  Get a job and buy ASICs if you want some.  Stop expecting the rest of us to carry your poor broke lazy ass.

Hashfast never did anything to you except deny your many, many, many requests for free chips.  Build a bridge and get over it!    Cheesy


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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
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March 27, 2015, 01:06:08 PM
 #11497

How many more shills will the group try to sue to recoup the HashFast payments to them?

Be interesting to see how many more people are involved. I know that the was a contract for shills to promote HashFast posted it up in the past. Shouldn't be that hard to track these people. Probably subpoena this forum be a good idea the logs will clear show enough.

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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March 27, 2015, 01:17:34 PM
 #11498

so any news from/about HashLast and Barber?
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March 27, 2015, 05:45:16 PM
 #11499

I would not be so sure that Icebreaker, (what is his real name? Ralph Crowder? Would have to search the forum to remember) is not shilling for someone.
Are you employed now Ralph?  I thought you were doing IT in the bay area.   Keep shooting your mouth off and I will call your employer with all these posts I have now downloaded and ask him if he approves of this behavior and language.   I will also give him the spreadsheet with the dates and times of your posts to see if they correspond with working hours.

You have provoked me enough to make copies.   Keep pushing and I will take the hour to find your real name from when you were a tech schmuck at HF and then I will look for where I saw that you worked now.

What a waste of a great public education.   I am pissed off that my tax dollars I paid in CA paid for you to obviously, not learn an ounce of class in four years.

You have been warned.   Govern yourself accordingly.


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March 27, 2015, 07:02:58 PM
 #11500

 Keep pushing and I will take the hour to find your real name from when you were a tech schmuck at HF and then I will look for where I saw that you worked now.

What a waste of a great public education.   I am pissed off that my tax dollars I paid in CA paid for you to obviously, not learn an ounce of class in four years.

You have been warned.   Govern yourself accordingly.

Would you be able to find out if he received any money from HF for shilling so hard for them?

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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