HashFast announces specs for new ASIC: 400GH/s

[cedivad]

if it will happen we have no foundation to act against them.

Well, i guess than in this case i'm just a bastard with money to throw away on lawyers over a question of principles. I really fell like there are several "foundations" to act against them.
On the other side, would you mind to point out the terms you are talking about in the original contract? I can't find them. Thanks.

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[mgio]

Why are  you saying they aren't shipping in time? Last official word was shipping this saturday (21st). For americans, shipments to the USA from canada using UPS next day should generally arrive next day.

when did they say this?

[Gyrsur]

Saying to be shipping on a saturday just before christmas could be just another way to buy time - to leave you unprepared when they will delay after their own criminal deadline.

I think that for now, for my order, i will do 50/50 if they delay after the new year. I will keep half of the miners and demand a BTC refund for the second half, with the lawyer already ready when they will deny that in favour of USD refunds.

The deadline is really just behind the corner...

we need a US based lawyer. he has to be familiar with the Bitcoin business.

[cedivad]

we need a US based lawyer.

Check.

he has to be familiar with the Bitcoin business.

Check.

He also knows a few people of the HF team in person. (check).
He is positive about the outcome of the lawsuit due to how much HF screwed us up. (check).
He would also like to be partially paid only if he wins. (check).

[Gyrsur]

if it will happen we have no foundation to act against them.

Well, i guess than in this case i'm just a bastard with money to throw away on lawyers over a question of principles. I really fell like there are several "foundations" to act against them.
On the other side, would you mind to point out the terms you are talking about in the original contract? I can't find them. Thanks.

this is what the original TOS did say: delivered by 31 Dec. I never really believed on their date of deliver by 30 Oct but I did also not expect this late date in Dec.

[cedivad]

this is what the original TOS did say: delivered by 31 Dec. I never really believed on their date of deliver by 30 Oct but I did also not expect this late date in Dec.

I was talking about the points that you claimed to define how the refunds where issued...

[Gyrsur]

we need a US based lawyer.

Check.

he has to be familiar with the Bitcoin business.

Check.

He also knows a few people of the HF team in person. (check).
He is positive about the outcome of the lawsuit due to how much HF screwed us up. (check).
He would also like to be partially paid only if he wins. (check).

great! then we have a lawyer probably. is he willing to act also for a group of customers together?

[cedivad]

is he willing to act also for a group of customers together?

It's one of the main things he is interested in

[Gyrsur]

this is what the original TOS did say: delivered by 31 Dec. I never really believed on their date of deliver by 30 Oct but I did also not expect this late date in Dec.

I was talking about the points that you claimed to define how the refunds where issued...

refund in the currency you paid. have to check the original TOS again but I remember it was in the TOS.

[cedivad]

But where is that point? And what does refund in the currency you paid means? Where do you read that it would be the same amount of bitcoins and not a lower amount for the same USD value?

I remember the posts from the ceo, it was misleading at least if they won't refund the same amount of btc you paid, but it has been discussed to death, they are never gonna do that by their own will.

[Gyrsur]

But where is that point? And what does refund in the currency you paid means? Where do you read that it would be the same amount of bitcoins and not a lower amount for the same USD value?

if the company receive USD from me they have to refund the same amount of USD, if the company receive EUR from me they have to refund the same amount of EUR, if the company receive BTC from me they have to refund the same amount of BTC.

there is a precedence case with CoinLab and an investor some weeks ago and the court decided the investor has to get the BTC amount back not the USD amount.

http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Bryan Reyhani is the right lawyer, I assume.

http://rnlawfirm.com/bryan-reyhani/

[cedivad]

Let's see if Barber has the decency of stopping this massacre of customers and delay the shipment until when we can ask for a refund... After your post, with 10 days to go, for the first time, i'm crossing my fingers.

[timmah]

My invoice says "HashFast Technologies, Inc. (“Hashfast”) 97 South Second Street #175 San Jose, 95113 United States".
I will never have nothing to do with HashFast LLC, i suppose.

You seem to have done a lot of paperwork. Any interesting conclusion you would like to share? Thanks.

http://www.sec.gov/Archives/edgar/data/1584096/000158409613000002/xslFormDX01/primary_doc.xml

http://www.formds.com/issuers/hashfast-llc

Nothing conclusive but even on the HF website they list themselves as an LLC, just Google Hashfast LLC, if they are a Corporation that should be filed as well as it is completely different than LLC and they could have filed it in a different state.  Some states have that information indexed by google so it's easier to find, some don't.  All the same it's public data and it can be found, maybe D&B would have some other information... I guess I would just have to say that even though we are getting screwed that they did get an impressive amount of money for a company that is just about to be 6 months old or so... (meaning that they may not even have a D&B record yet as they usually take about 6 months before the company is listed with them)

[Gyrsur]

is anybody able to get their D&B data if they have a record there?

why the heck do they have their business in DELAWARE if they all CA based?

[Gyrsur]

http://www.formds.com/issuers/hashfast-llc

the date is 2013-10-24! it was the date for start to shipping! it was a lie from the beginning!

[testerx]

is anybody able to get their D&B data if they have a record there?

why the heck do they have their business in DELAWARE if they are all CA based?

Many people base their corporation out of Delaware because of favorable laws there-there's also no corporate tax.  Even if they're an LLC (which doesn't pay corporate taxes anyway) they might wish to change their corporate structure someday.

That's why you'll notice that all the banks are based out of Delaware even though they're not headquartered there in reality.  

[testerx]

But where is that point? And what does refund in the currency you paid means? Where do you read that it would be the same amount of bitcoins and not a lower amount for the same USD value?

if the company receive USD from me they have to refund the same amount of USD, if the company receive EUR from me they have to refund the same amount of EUR, if the company receive BTC from me they have to refund the same amount of BTC.

there is a precedence case with CoinLab and an investor some weeks ago and the court decided the investor has to get the BTC amount back not the USD amount.

http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Bryan Reyhani is the right lawyer, I assume.

http://rnlawfirm.com/bryan-reyhani/

I'm not sure if the Coinlab case really means much, coinlab promised in the contract to give the other firm 8000 BTC so of course they owe 8000 BTC so it's not the same as a case where something was priced in USD but paid for with BTC.

[Gyrsur]

But where is that point? And what does refund in the currency you paid means? Where do you read that it would be the same amount of bitcoins and not a lower amount for the same USD value?

if the company receive USD from me they have to refund the same amount of USD, if the company receive EUR from me they have to refund the same amount of EUR, if the company receive BTC from me they have to refund the same amount of BTC.

there is a precedence case with CoinLab and an investor some weeks ago and the court decided the investor has to get the BTC amount back not the USD amount.

http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Bryan Reyhani is the right lawyer, I assume.

http://rnlawfirm.com/bryan-reyhani/

I'm not sure if the Coinlab case really means much, coinlab promised in the contract to give the other firm 8000 BTC so of course they owe 8000 BTC so it's not the same as a case where something was priced in USD but paid for with BTC.

it depends on the exact wording in the original TOS.


sorry, my order ack says my unit price is in BTC. cannot say anything other than that.

[-ck]

This Startup lied to their customers and game them a false date of October to get the necessary money to start their company. 

Note that while I'm writing software for them I'm just a contractor so I have no direct allegiance with them, so I'm trying to sift through all this information and I want to know if anyone has kept a copy, screenshot or whatever, to show that they promised to deliver by October 30th? I certainly remember it being implied when I first looked but wasn't really watching early on to see what was being advertised.

[Syke]

Note that while I'm writing software for them I'm just a contractor so I have no direct allegiance with them, so I'm trying to sift through all this information and I want to know if anyone has kept a copy, screenshot or whatever, to show that they promised to deliver by October 30th? I certainly remember it being implied when I first looked but wasn't really watching early on to see what was being advertised.

You can use this one:

We will be shipping in October.