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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865471 times)
Phinnaeus Gage
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Bitcoin: An Idea Worth Spending


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January 09, 2014, 03:59:49 AM
 #6641

Phin STOP.   You are starting to make me paranoid.   Thank god I am not in Colorado or else you would have pushed me over the edge.
Grab the steel bar and wiggle it a bit, your frontal lobe needs a kickstart.
HashFast, post something.   Doesn't even need to be that positive.    Even a video of a board smoking would make me feel better.

Whatever you say, bud, but...

https://secure.ibsystems.com/EDA/nbc/articles/1/1107258/Visit-Uniquify-Unique-Impressive

Quote
Bob Smith was MAGMA’s first vice president of marketing, and he has enjoyed a long and distinguished career in Silicon Valley. He is also co-proprietor of Jazz Cellars, a San Francisco winery producing handcrafted, small-lot single varietal, single vineyard wines.



Josh sure does look like Charles and Bobby Lee: https://www.youtube.com/watch?v=3MhmxsV6jeo

<humor post>
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PuertoLibre
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January 09, 2014, 04:02:08 AM
 #6642

@ PG

Lets play six degrees of seperation.

Find me a connection between BFL and HashFast (however indirect).

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Worldcore
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Minor Miner
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★ BitClave ICO: 08/11/17 ★


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January 09, 2014, 04:06:32 AM
 #6643

You are starting to make me paranoid
Whatever you say, bud, but...
I see what you did there.  bud.
what was the wine company that was trying to raise money at the vegas meet?   wasn't it associated with all the guys that seemed to be there pumping up some coin?


                  ,'#██+:                 
              ,█████████████'             
            +██████████████████           
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 ████     ███████████████████████'    :███
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                `+███████#,               
Phinnaeus Gage
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Bitcoin: An Idea Worth Spending


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January 09, 2014, 04:09:53 AM
 #6644

You are starting to make me paranoid
Whatever you say, bud, but...
I see what you did there.  bud.
what was the wine company that was trying to raise money at the vegas meet?   wasn't it associated with all the guys that seemed to be there pumping up some coin?

I have his business card and brochure.
Phinnaeus Gage
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January 09, 2014, 04:16:24 AM
 #6645

@ PG

Lets play six degrees of seperation.

Find me a connection between BFL and HashFast (however indirect).

I can do it in two: Josh Lee = Josh Zerlan.  Grin Grin Grin

Remember, I'm the guy who linked Jacob Goldstein to Tom Williams and Freddie Mercury to Pavlov's Dog. https://bitcointalk.org/index.php?topic=52367.msg723823#msg723823
jjiimm_64
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January 09, 2014, 05:44:07 AM
 #6646

Can somebody make a new thread?  This sounds juicy but I can't follow what is going on.  I'm also incredibly tired right now so I apologize if it should be staring me right in the face.  So an employee named Erin is trying to keep her last name a secret?  For what purpose?

If you worked for HashFast, would you want to keep your identity private?

Is it confirmed this whole thing was a scam?  I thought product shipped to luke jr or something?  I remember pics of shit in and out of the box ready to go...

I do not think it is a straight up scam.. just fraudulent marketing and business practices getting us to order something that was impossible to deliver by oct30.. then switching to a USD refund when clearly they told us it would be a btc refund...

what a fukin train wreck

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
gmaxwell
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January 09, 2014, 05:45:51 AM
 #6647

So it appears the certified letter I sent to
Quote
HashFast Technologies LLC (“HashFast”)
100 Bush Street, Suite 650
San Francisco, California 94104, United States
Has failed:
Quote from: USPS
Your item was undeliverable as addressed at 11:49 am on January 8, 2014 in SAN FRANCISCO, CA 94104. It is being returned if appropriate information is available.
The San Jose one is still in route, but I had lower expectations of that one being successful.

Time for a process server I guess.

Bitcoin will not be compromised
GalaxyASIC
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January 09, 2014, 06:45:48 AM
 #6648

So it appears the certified letter I sent to
Quote
HashFast Technologies LLC (“HashFast”)
100 Bush Street, Suite 650
San Francisco, California 94104, United States
Has failed:
Quote from: USPS
Your item was undeliverable as addressed at 11:49 am on January 8, 2014 in SAN FRANCISCO, CA 94104. It is being returned if appropriate information is available.
The San Jose one is still in route, but I had lower expectations of that one being successful.

Time for a process server I guess.

My FedEx was delivered
https://bitcointalk.org/index.php?topic=262052.msg4401600#msg4401600
Delivery date: Jan 8, 2014 13:13

HashFast REFUND ! I am a HashFast's Batch 1 customer and I want full 100% BTC refund.
RickJamesBTC
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January 09, 2014, 06:52:17 AM
 #6649

Well, if someone isn't at the rented cubicle they will never be able to sign for packages.
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January 09, 2014, 07:45:43 AM
 #6650

Hashfast
But have no fear — we will be right back in early January.
So where are you?

_HashFast Technologies_28 nm mining
Producer of High Performance ASICS  (IT'S A SCAM)
BabyJets & Sierras On Sale today!
cedivad
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January 09, 2014, 08:15:31 AM
 #6651

Find meìa connection between BFL and HashFast (however indirect).

Josh and john hanging out like old friend @ BTC conference Amsterdam, and Josh defending HF while accusing KNC that will certainly be late and not ship until months.


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 09, 2014, 08:38:41 AM
 #6652

If you paid in dollars and they claimed that they don't owe you a dollar refund because they quickly bought a few bushels of coffee beans with your payment, and you're therefore only entitled to refund in coffee beans, would that make sense?

I don't see what grounds they'd have to claim that BitPay processing or no-BitPay is relevant.

Coffee grounds?
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January 09, 2014, 08:57:19 AM
 #6653

That shouldn't even matter. They provided me a bitcoin address, and I paid with bitcoin. I don't care if their payment processor converted it to dollars or not; not my concern. Once the bitcoin leaves my wallet and hits the address that their website or rep provided, that's that. Everything else is an irrelevant internal detail.

If you paid in dollars and they claimed that they don't owe you a dollar refund because they quickly bought a few bushels of coffee beans with your payment, and you're therefore only entitled to refund in coffee beans, would that make sense?

Until a judge rules on this, we can only speculate. I do see both sides of the argument,  but frankly, I do think HF have a case here. AFAIK, their products were priced in dollar, not bitcoins. Bitcoins were used to fulfill the dollar amount but the number of bitcoins needed to fulfill that amount would have changed daily. Did you think that was unfair too? Its clear to me this wasnt a barter trade.

Another way to look at it; if you had paid with a bank cheque; would you expect or demand to get that very same paper cheque back? Or just the equivalent dollar amount since that cheque was just a way to supply HF with the dollars it demanded for their product? Maybe that bank cheque was signed by a bank director that became a presidential candidate or whatever, and has become worth much more in the mean time, but thats not HF's problem, or is it?

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January 09, 2014, 10:18:45 AM
 #6654

That shouldn't even matter. They provided me a bitcoin address, and I paid with bitcoin. I don't care if their payment processor converted it to dollars or not; not my concern. Once the bitcoin leaves my wallet and hits the address that their website or rep provided, that's that. Everything else is an irrelevant internal detail.

If you paid in dollars and they claimed that they don't owe you a dollar refund because they quickly bought a few bushels of coffee beans with your payment, and you're therefore only entitled to refund in coffee beans, would that make sense?

Until a judge rules on this, we can only speculate. I do see both sides of the argument,  but frankly, I do think HF have a case here. AFAIK, their products were priced in dollar, not bitcoins. Bitcoins were used to fulfill the dollar amount but the number of bitcoins needed to fulfill that amount would have changed daily. Did you think that was unfair too? Its clear to me this wasnt a barter trade.

Another way to look at it; if you had paid with a bank cheque; would you expect or demand to get that very same paper cheque back? Or just the equivalent dollar amount since that cheque was just a way to supply HF with the dollars it demanded for their product? Maybe that bank cheque was signed by a bank director that became a presidential candidate or whatever, and has become worth much more in the mean time, but thats not HF's problem, or is it?


The details of what happened are not in question here.  The issue at hand is HashFast agreeing to refund cancelled orders with BTC, and then refusing to honor that agreement.  Simon Barber (Founder of HashFast) was asked by cycloid on the 10th of August 2013 if refunds would be in BTC.

He clearly asked in this post https://bitcointalk.org/index.php?topic=270384.msg2903196#msg2903196
"Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?"
"Or are you going to pull BFL and give refunds at exchange equivalent to USD/BTC indexed to the current fiat price per unit?"

Simon Barber's (HashFast's) official response was https://bitcointalk.org/index.php?topic=270384.msg2903338#msg2903338
"Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC."

Perhaps you do not 'see both sides of the argument'.  Both parties entered into an agreement, that agreement was conditional on the refund being in BTC.  It is starting to look more like a clear case of fraud.
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January 09, 2014, 10:33:41 AM
 #6655

The details of what happened are not in question here.  The issue at hand is HashFast agreeing to refund cancelled orders with BTC, and then refusing to honor that agreement.  Simon Barber (Founder of HashFast) was asked by cycloid on the 10th of August 2013 if refunds would be in BTC.

He clearly asked in this post https://bitcointalk.org/index.php?topic=270384.msg2903196#msg2903196
"Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?"
"Or are you going to pull BFL and give refunds at exchange equivalent to USD/BTC indexed to the current fiat price per unit?"

Simon Barber's (HashFast's) official response was https://bitcointalk.org/index.php?topic=270384.msg2903338#msg2903338
"Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC."


Ok, I was not aware of the context of that statement. The statement itself can still be interpreted in several ways, to continue my analogy, HF could agree to send you another paper cheque so are not forced to get a refund through ACH, paypal or even bitcoin for that matter, but refund using the same manner you paid; however given the question he was answering to, thats difficult to argue now.

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January 09, 2014, 10:37:35 AM
 #6656

So it appears the certified letter I sent to
Quote
HashFast Technologies LLC (“HashFast”)
100 Bush Street, Suite 650
San Francisco, California 94104, United States
Has failed:
Quote from: USPS
Your item was undeliverable as addressed at 11:49 am on January 8, 2014 in SAN FRANCISCO, CA 94104. It is being returned if appropriate information is available.
The San Jose one is still in route, but I had lower expectations of that one being successful.

Time for a process server I guess.


Son of a bitch, and I just mailed them another refund request form (and supporting documents) to that address just yesterday. Previous to that I sent it to their San Francisco address (address on my original invoice) but like you I don't have much hope of that one actually making it into their hands.




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January 09, 2014, 10:47:52 AM
 #6657

The details of what happened are not in question here.  The issue at hand is HashFast agreeing to refund cancelled orders with BTC, and then refusing to honor that agreement.  Simon Barber (Founder of HashFast) was asked by cycloid on the 10th of August 2013 if refunds would be in BTC.

He clearly asked in this post https://bitcointalk.org/index.php?topic=270384.msg2903196#msg2903196
"Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?"
"Or are you going to pull BFL and give refunds at exchange equivalent to USD/BTC indexed to the current fiat price per unit?"

Simon Barber's (HashFast's) official response was https://bitcointalk.org/index.php?topic=270384.msg2903338#msg2903338
"Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC."


Ok, I was not aware of the context of that statement. The statement itself can still be interpreted in several ways, to continue my analogy, HF could agree to send you another paper cheque so are not forced to get a refund through ACH, paypal or even bitcoin for that matter, but refund using the same manner you paid; however given the question he was answering to, thats difficult to argue now.



Beside all things that went wrong... Hashfast clearly messed it up no doubt - my guess is it will come down to the question:
Refund of "value in" BC or refund of "exact number of" BC.

Compared to regular cross-currency business I fear interpretation will tend to "value in" BC.

To compare: An example of processing the payment in EUR:
-> In case you paid 10.000$ for a Hashfast machine in August 2013 in EUR you needed ~7.569,- EUR
-> A refund in January 2014 would net the buyer only ~7.366,- (you took -203 EUR loss due to currency risk)

Nevermind - outcome will be interesting - Good luck to everybody

European Bitcoin Exchange - Bitcoin handeln im deutschen Rechtsraum. Fair und reibungslos:
www.bitcoin.de
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January 09, 2014, 11:24:35 AM
 #6658

So it appears the certified letter I sent to
Quote
HashFast Technologies LLC (“HashFast”)
100 Bush Street, Suite 650
San Francisco, California 94104, United States
Has failed:
Quote from: USPS
Your item was undeliverable as addressed at 11:49 am on January 8, 2014 in SAN FRANCISCO, CA 94104. It is being returned if appropriate information is available.
The San Jose one is still in route, but I had lower expectations of that one being successful.

Time for a process server I guess.


Son of a bitch, and I just mailed them another refund request form (and supporting documents) to that address just yesterday. Previous to that I sent it to their San Francisco address (address on my original invoice) but like you I don't have much hope of that one actually making it into their hands.




Time to scan it into the PC and send it via email.

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Worldcore
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cedivad
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January 09, 2014, 11:30:48 AM
 #6659

Ok, I was not aware of the context of that statement. The statement itself can still be interpreted in several ways [...]

http://hashfast.org/Simon_E._M._Barber

Quote
Given those points, it's evident that if Simon didn't actually promised full Bitcoin refunds with his answer (since that this is open to interpretation), he at least tried to pursue his customers into believing that if such refunds where to be issued, they would have been of the same Bitcoin amount.

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
allinvain
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January 09, 2014, 11:41:32 AM
 #6660

So it appears the certified letter I sent to
Quote
HashFast Technologies LLC (“HashFast”)
100 Bush Street, Suite 650
San Francisco, California 94104, United States
Has failed:
Quote from: USPS
Your item was undeliverable as addressed at 11:49 am on January 8, 2014 in SAN FRANCISCO, CA 94104. It is being returned if appropriate information is available.
The San Jose one is still in route, but I had lower expectations of that one being successful.

Time for a process server I guess.


Son of a bitch, and I just mailed them another refund request form (and supporting documents) to that address just yesterday. Previous to that I sent it to their San Francisco address (address on my original invoice) but like you I don't have much hope of that one actually making it into their hands.




Time to scan it into the PC and send it via email.

I did that too. I just want them to have a physical copy as well as is required by the terms of service agreement.

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