RoadStress
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January 13, 2015, 11:51:34 PM |
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I wonder if at this exchange rate HF would allow full BTC refunds
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Syke
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Activity: 3878
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January 14, 2015, 12:33:08 AM |
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I wonder if at this exchange rate HF would allow full BTC refunds That's the great thing about HF. If the price goes up, they refund USD. If the price goes down, they refund BTC. Windfall for HF no matter what happens.
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Buy & Hold
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allinvain
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January 14, 2015, 01:01:16 AM |
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I wonder if at this exchange rate HF would allow full BTC refunds It's funny you mention this because I think the btc exchange rate was very close to what it is now when most of us bought our hashcrap miners with btc. Roughly going by the charts price was around $170 to $180 I think. So yeah this may be the time to refund in btc, but I am 110% certain this is never going to happen. There is likely nothing of value left in this failure of a company. All the money went to lawyers, to pay for the undeserved salaries of the people running the company, etc. On a different subject, I am amazed this thread is still going. I though this was a dead horse already.
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iCEBREAKER
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Crypto is the separation of Power and State.
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January 14, 2015, 01:06:05 AM |
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So during the bankruptcy thing was there an audit on how were the money spent? Because I'm damn curious where would 40M-50M$ vanish while producing only a handful of miners.
y isnt ne one responding to this?? i myself wanna know specifics about this not just a blanket statement like "production costs". Because there wasn't. Wait for the icetard to come and tell you that it is all in the documents... Hi RS, I came as soon as I heard! Maybe it didn't occur to any of the ~12 lawyers involved to see if HF had concealed assets. Maybe it takes the insight of a Sherlock Holmes like you to open such piercing lines of inquiry. Or maybe high tech start-ups go bankrupt after burning through piles of cash all the time, and you just can't accept your hasty rush to judgement was wrong.
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RoadStress
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January 14, 2015, 01:45:24 AM |
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Or maybe high tech start-ups go bankrupt after burning through piles of cash all the time, and you just can't accept your hasty rush to judgement was wrong.
Fair enough. I would like to know on what exactly were the money spent. Can you tell us that?
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iCEBREAKER
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Merit: 1072
Crypto is the separation of Power and State.
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January 14, 2015, 02:11:03 AM |
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Or maybe high tech start-ups go bankrupt after burning through piles of cash all the time, and you just can't accept your hasty rush to judgement was wrong.
Fair enough. I would like to know on what exactly were the money spent. Can you tell us that? "Exactly?" An exhaustive itemized accounting would be hundreds or thousands of pages long. Can you tell us why you keep requesting such an unreasonable thing from me? Don't you believe the 12+ concerned bankruptcy lawyers did their jobs? Or are they part of the conspiracy too, along with the judge? I suspect you're this making absurd demand just so you can keep your confirmation bias safe from cognitive dissonance. And your pride huge ego can't admit being wrong. But please, give us a more plausible explanation. If you can.
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "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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Taugeran
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January 14, 2015, 10:18:33 PM |
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One thing I may have missed. Was the ASIC Maskset or rights to it put up during the auction or do they reside with Global foundries?
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Bitfury HW & Habañero : 1.625Th/s tips/Donations: 1NoS89H3Mr6U5CmP4VwWzU2318JEMxHL1 Come join Coinbase
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cedivad
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January 26, 2015, 04:19:18 PM |
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Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.
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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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Micky25
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January 26, 2015, 08:01:38 PM |
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ignore?
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armyof1ne
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January 26, 2015, 10:42:15 PM |
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Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.
please correct me if i am wrong, I'm sure you will but under docket 286 it states that unsecured claims(customers basically) are only paid out after administration has been paid... administration includes lawyers fees,staff, court fees etc. View VIII Excess cash is what the trust is in control of, if there is no remaining excess cash from liquidation, no unsecured claims are paid out. basically, all money that was acquired from the liquidation was paid to administration, there is no remaining excess cash.
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jjiimm_64
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January 27, 2015, 05:12:52 PM |
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Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.
please correct me if i am wrong, I'm sure you will but under docket 286 it states that unsecured claims(customers basically) are only paid out after administration has been paid... administration includes lawyers fees,staff, court fees etc. View VIII Excess cash is what the trust is in control of, if there is no remaining excess cash from liquidation, no unsecured claims are paid out. basically, all money that was acquired from the liquidation was paid to administration, there is no remaining excess cash. And this is basically why I did not want them to go chapter 7 or 11 or whatever.. I was hoping beyond hope that someone would come in and try and save the company.. at least we may have gotten paid eventually.. see BFL.. eventually they refunded everyone.
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1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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January 27, 2015, 07:29:01 PM |
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Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.
please correct me if i am wrong, I'm sure you will but under docket 286 it states that unsecured claims(customers basically) are only paid out after administration has been paid... administration includes lawyers fees,staff, court fees etc. View VIII Excess cash is what the trust is in control of, if there is no remaining excess cash from liquidation, no unsecured claims are paid out. basically, all money that was acquired from the liquidation was paid to administration, there is no remaining excess cash. And this is basically why I did not want them to go chapter 7 or 11 or whatever.. I was hoping beyond hope that someone would come in and try and save the company.. at least we may have gotten paid eventually.. see BFL.. eventually they refunded everyone. You warned us once the lawyers got involved nobody else would get a single penny. cedivad did a good job relentlessly hyping his lawyer and laying out a garden path to an easy court victory. PM and MM were happy to jump on the legalistic bandwagon. As were Gallo's clients suckers. Now we get to laugh at them, and their ambulance chasing attorneys. I'll get your BTC back from Hashfast's SECRET ESCROW MINE, plus damages. Trust me!
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| "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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CryptKeeper
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Activity: 2044
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January 27, 2015, 10:05:19 PM |
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Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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cedivad
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January 27, 2015, 10:49:34 PM |
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BTW competitor CoinTerra just filed for chapter 7 If only HF had done this instead of waiting a month before converting to chapter 11...
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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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armyof1ne
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January 29, 2015, 05:19:00 AM |
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BTW competitor CoinTerra just filed for chapter 7 If only HF had done this instead of waiting a month before converting to chapter 11... I think letting them do it on their own would have left chap 7 as an option, forcing someones hand tends to get you the middle finger fast... people puff up in pride like "no, we got this" even still, the lawyer involvement was an extremely poor choice... *insert told ya so*
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ImI
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January 30, 2015, 01:24:13 AM |
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BTW competitor CoinTerra just filed for chapter 7 If only HF had done this instead of waiting a month before converting to chapter 11... I think letting them do it on their own would have left chap 7 as an option, forcing someones hand tends to get you the middle finger fast... people puff up in pride like "no, we got this" even still, the lawyer involvement was an extremely poor choice... *insert told ya so* qft involving lawyers killed the company.
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cedivad
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Activity: 1176
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January 30, 2015, 09:24:51 AM |
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qft involving lawyers killed the company. I thought it was the scammers, not the scammers-employed lawyers.
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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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armyof1ne
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January 30, 2015, 07:19:44 PM |
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qft involving lawyers killed the company. I thought it was the scammers, not the scammers-employed lawyers. We already discussed this, thinking is something you aren't good at.
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ninjarobot
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January 31, 2015, 06:36:14 AM |
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You are probably right. It must be painful to see your coins sitting there in plain sight. F*ckers.
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