HashFast announces specs for new ASIC: 400GH/s

[cedivad]

They obviously did not have a good plan given all of their failures.
Scammers will scam.

And add to favs tweets from other scammers:
https://twitter.com/vessenes/status/449911717288759296
Posted from Bitcointa.lk - #jAIcuXH4vUBAN7Fq

[1715044780]

1715044780

[1715044780]

1715044780

[1715044780]

1715044780

[cedivad]

That's the problem with all these scammy companies. They lie endlessly and nobody knows anything for certain, except them, and they're dishonest.

The fact that they will be trying it doesn't really mean that you have to let them do it.
Posted from Bitcointa.lk - #cw5RAUPbWrShHfnn

[cedivad]

http://newsbtc.com/2014/03/27/heres-list-organizations-exhibiting-inside-bitcoins-new-york/

7-8th of April. I guess that on their way back to the Pacific they will stop by in Texas the 9th for that hearing.
Posted from Bitcointa.lk - #utcCVcU0tIFW0Xm3

[pmorici]

This might be a bit of a silly question but, this TRO against hashfast, will it stop orders from being dispatched?

No, it shouldn't.  You can go read it yourself, but my understanding of it is it only covers an amount of BTC and USD that would be needed to refund the orders of that particular customer.  It doesn't freeze all of their assets or anything like that.

[cedivad]

We are all looking forward for them to reply to you, Pete
Posted from Bitcointa.lk - #Vrx1ARpz5cQcd2T8

[cedivad]

https://twitter.com/HashFast/status/450658156750704640
Posted from Bitcointa.lk - #dQ75s1cIhT76F5z5

[solarion]

<sigh>

This company is pathetic. They should just merge with bfl and cointerra and make one big crap sandwich of a company.

[Bicknellski]

https://twitter.com/HashFast/status/450658156750704640
Posted from Bitcointa.lk - #dQ75s1cIhT76F5z5

Code:

A plaintiff that never purchased any products from Hashfast Technologies 
was granted a TRO from the Tarrant County District Court, Texas. 

Is there any clear evidence around that makes that statement a lie? A receipt maybe?

[cedivad]

Is there any clear evidence around that makes that statement a lie?

Yes, just read the court documents.
It was a group buy and they used John K. as escrow, John signed the rights to the group buy managers, and HF is claiming that they never bought from HF.

http://www.reddit.com/r/Bitcoin/comments/21u55z/tro_response_from_hashfast/
Posted from Bitcointa.lk - #aoNphDuGedUjgwWp

[Bicknellski]

LAUGHABLE.

These guys and the semantics. If you are that slick and trying to wiggle out then good luck getting the money.

[solarion]

https://twitter.com/HashFast/status/450658156750704640
Posted from Bitcointa.lk - #dQ75s1cIhT76F5z5

Code:

A plaintiff that never purchased any products from Hashfast Technologies 
was granted a TRO from the Tarrant County District Court, Texas. 

Is there any clear evidence around that makes that statement a lie? A receipt maybe?

It uses the word "purchased". Did cypher ever obtain anything of value from hashfast?

pur-chased:

to acquire by the payment of money or its equivalent; buy.

http://dictionary.reference.com/browse/purchased?s=t

I haven't "purchased" anything from hashfast either by that definition.

In other news, the word "is" has been redefined once again by the greatest legal minds of our generation.

[joshv06]

I wonder how they actually got in contact with HF. They don't even respond to their emails or phone calls anymore.

[solarion]

Yeah they stopped loving us. Think it was right about the time we paid them.

[Bicknellski]

https://twitter.com/HashFast/status/450658156750704640
Posted from Bitcointa.lk - #dQ75s1cIhT76F5z5

Code:

A plaintiff that never purchased any products from Hashfast Technologies 
was granted a TRO from the Tarrant County District Court, Texas. 

Is there any clear evidence around that makes that statement a lie? A receipt maybe?

It uses the word "purchased". Did cypher ever obtain anything of value from hashfast?

pur-chased:

to acquire by the payment of money or its equivalent; buy.

http://dictionary.reference.com/browse/purchased?s=t

I haven't "purchased" anything from hashfast either by that definition.

In other news, the word "is" has been redefined once again by the greatest legal minds of our generation.

LOL Classique!

[lifestyleopt]

If you hate HashFast as much as I do, and want to help get the word out there, I invite you to comment on my blog at http://miningcoins.com/ and give me some social media love.  MiningCoins.com has basically turned into my personal outlet to get the truth out about HF there to the general public.  

I am an early Batch 1 customer that sent HashFast about 75 BTC and have received 1 Baby Jet.

[SolarSilver]

I am an early Batch 1 customer that sent HashFast about 75 BTC and have received 1 Baby Jet.

Then you are one of the lucky ones, at least you did get something delivered.

Many of us have paid Hashfast loads of BTC and never got anything

No Upgrade kits
No Sierras

So count yourself lucky ;-)

[raskul]

have received 1 Baby Jet.

pass me the smelling salts. 

[Jutarul]

HF decides to screw their customers at every opportunity they get. Why?

Simple answer?  They're broke.  They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways.

They obviously did not have a good plan given all of their failures.

Scammers will scam.

Everybody is entitled to their own interpretation, but I will say this: There is a strong incentive to play bankrupt as long as the statute of limitations keeps their effective liability intact. HashFast draws from a horrific playbook which is somewhat related to the economics of enslavement.

It all starts when you transfer money (something of real value) towards them in exchange for a future commitment. This future commitment gets transformed into something the customer has to "chase", which requires more time and effort and thus degrades their full liability towards an effective liability. They can do that because customers are human beings with a limited amount of time and persistence, and also because there are legal frameworks which allow them to make the hunt very cumbersome and limit the timescale for potential damages. Of course it also helps if the object of the hunt looks undesirable, like in a case of a possible bankruptcy.

It follows that the difference between the full liability and effective liability is an additional profit margin to their business. This is a form of windfall profit they can engineer themselves and thus they do. It still has to be revealed whether they are using that profit margin on top of the one from producing mining equipment or as a replacement. Time will tell.

[solarion]

Nailed it. That dood is smartz. ^^^

[cedivad]

As Jutarul said:

https://twitter.com/shucky68/status/450680257646182400
Posted from Bitcointa.lk - #5jURXLJ28ekIKlzX