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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 878360 times)
aneutronic
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January 08, 2014, 01:59:45 PM
 #6521

Morici v Hashfast Technologies
Case5:14-cv-00087

http://198.27.67.106/hashfast.pdf

Congrats @pmorici!!

I hope you receive a speedy and just award.   Cool

I was also on the conference call with Ray Gallow last night and feel that he is a great choice for me.
Thank you @fenwick!

One point he emphasized was to send in your own version of a refund request asap via fedex (post office not good?) and also email with a return receipt.
Then I wake up this morning to find the same updated refund email that was posted by Visesrion with the new 1/9/2013 deadline.

hmmm...

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Phinnaeus Gage
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January 08, 2014, 02:21:32 PM
 #6522

HashFast had many opportunities to fix things, yet they decided to keep digging a deeper and deeper hole.

The lawsuit we saw today is likely just the start and I would not be surprised to see this company become insolvent as customers are forced to take the legal route now and try to salvage what they can before it is too late. I.e. it is not just Batch 1 customers that are f*cked but all batches.
Your right (IMO)

The wheels have officially fallen off at HashFast.
They have openly declared they want their customers to basically take a ~90%~ deduction on their BitCoin Payments.

Now they are even reducing the time (arbitrarily) for customers to request a refund.


Folks, this is what a company looks like when they are openly bluffing in the hopes that your too stupid to see the pink elephant in the room. They are hella' screwed.

Call their bluff and lets see what happens.

"The wheels on the barrow go round and round..."


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January 08, 2014, 02:25:04 PM
 #6523

They knew they won't going to ship. They waited to see how clever there consumers going to be, and when they found out.
Well  let's just say they found the cash from somewhere
To fund the attorney.

WAKE UP! Their attorney is a Bitcoiner and has been in bed with them (L & F speaking) from day one.

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January 08, 2014, 02:34:17 PM
Last edit: January 08, 2014, 02:46:22 PM by perezoso
 #6524

Cedivad, I don't suppose you are willing to relinquish hashfast.org so we can loosen up the editorial control a little bit?

I want a site dedicated to Hashfast that is factual and "non-defamatory" too.  But unlike you, I see lots of ability to post the kinds of things I am researching, and things that Phinnaeus is turning up.*  These things are not defamatory or libelous in the United States, since they are demonstrable and documentable (and often unpleasant) public facts about the Hashfast people.

I don't want to take on the whole project, but I can contribute parts. There are a couple other possible domains I see...


* In Phinnaeus' case we'll have to tone down the homophobic bit and make sure it's just stuff we *know* and don't merely suspect, but there's some good material there.  From what I can tell, Long Dong does indeed appear to have been involved in prostitution, and Scrotum's involvement in selling pretty abusive and distateful pron is absolutely irrefutable.
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January 08, 2014, 02:35:10 PM
 #6525

It's always interesting to see how hashfast promptly reacts to their customers action by digging a bigger hole for themselves.

Yep.  The "circle the wagons" mentality.
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January 08, 2014, 02:46:06 PM
 #6526

There are a couple other possible domains I see...
Do it, i will donate for the hosting if needed Smiley
I agree with my lawyer that there is no need to risk - so i won't risk. Again, i'm sorry for that.
We have enough content to talk about already. http://hashfast.org/List_of_Lies

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
perezoso
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January 08, 2014, 02:54:25 PM
 #6527

There are a couple other possible domains I see...
Do it, i will donate for the hosting if needed Smiley
I agree with my lawyer that there is no need to risk - so i won't risk. Again, i'm sorry for that.
We have enough content to talk about already. http://hashfast.org/List_of_Lies

While I'm sure that Phinnaeus would like hashfa.gs (<-- joke, I'm not serious!), I'm thinking about another name. 

But first, are there any co-conspirators here who would participate in the management of the wiki?  I'm willing to write some articles and edit submissions to avoid legal issues, but would be looking for help keeping the back end running and a least a couple other people that have articles in mind.

Please respond by PM if interested.
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January 08, 2014, 03:10:04 PM
 #6528

Cedivad, I don't suppose you are willing to relinquish hashfast.org so we can loosen up the editorial control a little bit?

I want a site dedicated to Hashfast that is factual and "non-defamatory" too.  But unlike you, I see lots of ability to post the kinds of things I am researching, and things that Phinnaeus is turning up.*  These things are not defamatory or libelous in the United States, since they are demonstrable and documentable (and often unpleasant) public facts about the Hashfast people.

I don't want to take on the whole project, but I can contribute parts. There are a couple other possible domains I see...


* In Phinnaeus' case we'll have to tone down the homophobic bit and make sure it's just stuff we *know* and don't merely suspect, but there's some good material there.  From what I can tell, Long Dong does indeed appear to have been involved in prostitution, and Scrotum's involvement in selling pretty abusive and distateful pron is absolutely irrefutable.

To be clear, I'm not homophobic, but will tone down nonetheless. I may make fun of a myriad of demographics, but it's only for humor purposes and truly mean no harm.

That said, I'm trying to bring to the table anything relative that might support claims against HashFast and their principles due to the way they've conducted themselves.

Quote
WAKE UP! Their attorney is a Bitcoiner and has been in bed with them (L & F speaking) from day one.

https://angel.co/adam-ettinger/following#activity

Quote
Adam Ettinger followed Simon Barber    1 year ago

Quote
Adam Ettinger followed Naval Ravikant, Bill Lee, Sophie-Charlotte Moatti and 41 others         1 year ago

Concerning the latter...

Quote
Brock Pierce
Brock Pierce (33) is a 10x entrepreneur best known for pioneering the market for digital currency. Currently looking for more investment opportunities in Bitcoin companies.

RoadStress
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January 08, 2014, 03:10:56 PM
 #6529


Your amount of refund will be the same as the USD amount shown below and in your order confirmation.  Our products were purchased based on the purchase price stated in USD.  We accepted payment in Bitcoin and other currencies as a convenience to our customers.  For the great majority of our Batch 1 customers, we never received Bitcoin, but instead received USD from our payment processor, BitPay, and used the money to pay our suppliers and costs.   Most early customers received a preferable exchange rate that reduced our revenue by 8%-10%.  We also have customers that have paid in Bitcoin when the exchange rate was far higher than it is today, so our approach to providing refunds in USD is not a policy designed only to benefit us.  
 

Didn't they provide a bitcoin address for some customers to send direct bitcoin payments not using BitPay? cedivad (or others who will sue their asses) don't forget to tell that to a judge. I don't know how many paid using BitPay, but i'm sure that not all batch 1 customers did it.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
cedivad
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January 08, 2014, 03:12:17 PM
 #6530

cedivad (or others who will sue their asses) don't forget to tell that to a judge. I don't know how many paid using BitPay, but i'm sure that not all batch 1 customers did it.
My lawyer didn't forget to mention that in my letter.

As i said before, not only they are blatantly lying another time with that email, but they are giving me even more bases to build my legal action against them (i didn't need them, but thanks anyway, hashfast).

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
TooDumbForBitcoin
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January 08, 2014, 03:25:39 PM
 #6531

Quote
That said, I'm trying to bring to the table anything relative that might support claims against HashFast and their principles due to the way they've conducted themselves.

But not to get an all expense paid stay in Silicon Valley, a free meal, and a QC-reject Baby Jet?

They say the kool-aid in California tastes like wine.


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mdbssm
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January 08, 2014, 03:27:48 PM
 #6532


Your amount of refund will be the same as the USD amount shown below and in your order confirmation.  Our products were purchased based on the purchase price stated in USD.  We accepted payment in Bitcoin and other currencies as a convenience to our customers.  For the great majority of our Batch 1 customers, we never received Bitcoin, but instead received USD from our payment processor, BitPay, and used the money to pay our suppliers and costs.   Most early customers received a preferable exchange rate that reduced our revenue by 8%-10%.  We also have customers that have paid in Bitcoin when the exchange rate was far higher than it is today, so our approach to providing refunds in USD is not a policy designed only to benefit us.  
 

Didn't they provide a bitcoin address for some customers to send direct bitcoin payments not using BitPay? cedivad (or others who will sue their asses) don't forget to tell that to a judge. I don't know how many paid using BitPay, but i'm sure that not all batch 1 customers did it.

I paid with a direct BTC address, not bitpay.
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January 08, 2014, 03:35:18 PM
 #6533


Your amount of refund will be the same as the USD amount shown below and in your order confirmation.  Our products were purchased based on the purchase price stated in USD.  We accepted payment in Bitcoin and other currencies as a convenience to our customers.  For the great majority of our Batch 1 customers, we never received Bitcoin, but instead received USD from our payment processor, BitPay, and used the money to pay our suppliers and costs.   Most early customers received a preferable exchange rate that reduced our revenue by 8%-10%.  We also have customers that have paid in Bitcoin when the exchange rate was far higher than it is today, so our approach to providing refunds in USD is not a policy designed only to benefit us.  
 

Didn't they provide a bitcoin address for some customers to send direct bitcoin payments not using BitPay? cedivad (or others who will sue their asses) don't forget to tell that to a judge. I don't know how many paid using BitPay, but i'm sure that not all batch 1 customers did it.

I paid with a direct BTC address, not bitpay.

Well don't forget to tell that to your lawer and just for fun reply to their last email reminding them that, because they seem to forgot that.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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January 08, 2014, 03:37:10 PM
 #6534


Your amount of refund will be the same as the USD amount shown below and in your order confirmation.  Our products were purchased based on the purchase price stated in USD.  We accepted payment in Bitcoin and other currencies as a convenience to our customers.  For the great majority of our Batch 1 customers, we never received Bitcoin, but instead received USD from our payment processor, BitPay, and used the money to pay our suppliers and costs.   Most early customers received a preferable exchange rate that reduced our revenue by 8%-10%.  We also have customers that have paid in Bitcoin when the exchange rate was far higher than it is today, so our approach to providing refunds in USD is not a policy designed only to benefit us.  
 

Didn't they provide a bitcoin address for some customers to send direct bitcoin payments not using BitPay? cedivad (or others who will sue their asses) don't forget to tell that to a judge. I don't know how many paid using BitPay, but i'm sure that not all batch 1 customers did it.

I paid with a direct BTC address, not bitpay.

And, don't forget that one can set up their BitPay transactions to go to another wallet oppose to having the funds converted to fiat then deposited into their bank account.

Why an entity may opt to pay the small BitPay fee to do such is because of the ease of the interface. Also, it makes the buyer feel more comfortable, i.e. in HashFast's case, if such is the case, of which I have reason to believe happened. In fact, one can turn on and off the option on a wimb depending on where they desire the funds to go, including changing the final bitcoin wallet address (not the receiving address set by BitPay of which is only good for 15 minutes).

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January 08, 2014, 03:42:43 PM
Last edit: January 08, 2014, 04:01:55 PM by fenwick
 #6535

There are a couple other possible domains I see...
Do it, i will donate for the hosting if needed Smiley

@cedivad, will you allow linking from your wiki to this other one?


* In Phinnaeus' case we'll have to tone down the homophobic bit and make sure it's just stuff we *know* and don't merely suspect, but there's some good material there.  From what I can tell, Long Dong does indeed appear to have been involved in prostitution, and Scrotum's involvement in selling pretty abusive and distateful pron is absolutely irrefutable.

To be clear, I'm not homophobic, but will tone down nonetheless. I may make fun of a myriad of demographics, but it's only for humor purposes and truly mean no harm.

@Phinnaeus Gage Nah, don't tone it down at all, I think it is perfectly fine the way it is now.  The laughs you bring to this thread is a great consolation, reading through all the bad news.
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January 08, 2014, 03:46:06 PM
 #6536

Why an entity may opt to pay the small BitPay fee to do such is because of the ease of the interface.
And don't forget the reports about their technical capabilities.
http://www.reddit.com/r/Bitcoin/comments/1u2a3m/running_timeline_of_hashfasts_actions_lies_and/cee2gn7

@fenwick, sure!
I'm not sure i can do that, sorry.

Reasoning: i already receive at least one letter per day with return receipt of people asking to remove content from my websites (you know Berlusconi? even from their lawyers! Cheesy) - so i think to have an experience background about this. And given what is involved, i can't risk. Free to blame me to death, and i'm sorry.

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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January 08, 2014, 03:49:07 PM
 #6537

I really hope you guys sue these pricks into the dirt and put them out of business forever.

The amount of disregard for customer interests on display is mindblowing.
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January 08, 2014, 03:54:06 PM
 #6538


@fenwick, sure!
I'm not sure i can do that, sorry.

Reasoning: i already receive at least one letter per day with return receipt of people asking to remove content from my websites (you know Berlusconi? even from their lawyers! Cheesy) - so i think to have an experience background about this. And given what is involved, i can't risk. Free to blame me to death, and i'm sorry.

So you are saying, writing something like "There is this other page with lots of other allegations, but I can't say whether or not they are true, and I don't endorse it in any way" could be considered unlawful, on "the land of the free and the home of the brave"? Or lawful, but somehow still risky?

Not being a US citizen, this sounds ... strange to me.
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January 08, 2014, 03:57:15 PM
 #6539

So you are saying, writing something like "There is this other page with lots of other allegations, but I can't say whether or not they are true, and I don't endorse it in any way" could be considered unlawful, on "the land of the free and the home of the brave"? Or lawful, but somehow still risky?
I admit that i'm being over careful about this. I will let you know.

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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January 08, 2014, 04:14:58 PM
 #6540

Can these two guys past as brothers or some other relation?



David Johnston & James Johnston (a.k.a Abram James Kottmeier)

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