HashFast announces specs for new ASIC: 400GH/s

[User705]

We won't get our money back. Get over it. It's that f*cking simple. Period . Just leave it... :-)

You are the one doing a disservice now.

We will fight tooth and nail until when we get our money back or the responsible are in prison. Hopefully both.

Are you familiar with the expression tilting at windmills? 
Also if you want to find the responsible person all you have to do is look in the mirror.  Relying on blatantly false promises is as much the responsibility of the one pretending those promises are worth something as well as the one making them.  A good post about that is below.  Granted MP rubs people the wrong way but that doesn't make some of what he says any less true.
https://bitcointalk.org/index.php?topic=106391.0

[AdamWhite]

has it finally been established that icebreaker = simon

[cedivad]

Are you familiar with the expression tilting at windmills?

No, but I can imagine it's meaning. I don't care if I become as mad as Don Quixote. He was an interesting guy, and Pirateat40 agrees that you shouldn't fuck with the community too much.

[pmorici]

has it finally been established that icebreaker = simon

No, it appears that icebreaker is some guy named Ralph that worked at Hashfast and also posted under the Hashfast_CL name  which is why some posts from Hashfast_CL have the same moronic tone as the stuff Icebreaker posts.

[jimmothy]

We won't get our money back. Get over it. It's that f*cking simple. Period . Just leave it... :-)

You are the one doing a disservice now.

We will fight tooth and nail until when we get our money back or the responsible are in prison. Hopefully both.

Are you familiar with the expression tilting at windmills?  
Also if you want to find the responsible person all you have to do is look in the mirror.  Relying on blatantly false promises is as much the responsibility of the one pretending those promises are worth something as well as the one making them.  A good post about that is below.  Granted MP rubs people the wrong way but that doesn't make some of what he says any less true.
https://bitcointalk.org/index.php?topic=106391.0

Have you actually read any of the egomaniacle/flamboyant garbage MP spouts?

MP is not a financial educator/prophet. He's a manipulative scammer bent on taking money from the ignorant. Anyone with even the slightest amount of real world financial knowledge would see through his facade.

You're really trying to blame the victim for some reason while it's clear as day that hashfast is to blame for this.

There were no "blatantly false promises" and if there were you surely didn't speak up about it.

There were promises HF failed to uphold due to their incompetence/scamming but that doesn't mean the promises were unrealistic or unfulfillable.  Any competent company could have come through with the exact same promises HF made.

[Micky25]

has it finally been established that icebreaker = simon

No, it appears that icebreaker is some guy named Ralph that worked at Hashfast and also posted under the Hashfast_CL name  which is why some posts from Hashfast_CL have the same moronic tone as the stuff Icebreaker posts.

Just mixed up the name back then, meant Icebreaker, not Icedrill...

Now he's just a paid shill.  I wonder how those guys at Crashfast pay him - BTC, chips, or "freebies"?

Most likely with false promises.

The only company in the world selling mining equipment that really hashes at 2TH/s is HashFast (hence our name).

This may be true, selling, but what about delivering? Anything? My Cointerra order, paid in November, arrived last week and hashes away happily since then. I still wait for HashLast products (hence the name).
You sound different since you're back. Are you IceDrill? Did they offer you faster delivery for some propaganda? Don't trust them, they tricked you before.

and: I asked for a refund for my upgrade kit using their refund form, giving up any BTC refund claims (which I didn't anticipate or claim anyways) and guess what: didn't receive anything as well.

Does it really matter?  Even the very first TOS has limitation of liability and force majuer clauses.  The question is why a promise of BTC refunds irregardless of value any more reasonable then other idiotic promises like pirates promise of huge interest rates payable in BTC?
 
Ice is right that those who told people not to take or cash refund checks did a disservice to them.  Just say no to preorders and while at it say no to cloud mining.  The next ASIC scam.

In hindsight, yes they should have accepted the usd refunds, but also in hindsight hashfast could have not fucked up/lied several times leading to that point.

[Gleb Gamow]

what happens with the frozen BTC of HF. are they still there on an address?

Not sure now which one is it, but on here http://www.plainsite.org/dockets/28mzy2tfp/california-northern-bankruptcy-court/hashfast-technologies-llc/ you'll find the assist statement showing 0 BTC on account, unless they lied to the judge that is.

[kikaha]

The bigger picture question is how do you take in $18M+ from pre orders, fulfill a small percentage of your customers (1/2 of the first batch) and apparently have next to nothing in $ or BTC to show for it?

[stan258]

The bigger picture question is how do you take in $18M+ from pre orders, fulfill a small percentage of your customers (1/2 of the first batch) and apparently have next to nothing in $ or BTC to show for it?

Check the company’s executive’s expense accounts.... 

[Gleb Gamow]

The bigger picture question is how do you take in $18M+ from pre orders, fulfill a small percentage of your customers (1/2 of the first batch) and apparently have next to nothing in $ or BTC to show for it?

Obviously, those involved in the blatant collusion had to be paid. I see it! You see it! Even the judge sees it, but it's not his position to make such an opinion, for he's ONLY the judge. Both sides' lawyers see it, but guess what comes to mind? You guessed it: Blatant collusion.

Good Guy Lawyer: I'm going to do A, B and C to try to get this over with ASAP, while you...
Bad Guy Lawyer: ...do X, Y and Z to slow you down. Is it safe to assume we're both getting paid the same hourly rate?
Good Guy Lawyer: Yes, of course, Silly, but sadly the clown wearing the robe doesn't benefit so handsomely.
Bad Guy Lawyer: True, that! But we don't get to don a robe. Guess that's the price we have to pay to remain in our lowly positions.
Good Guy Lawyer: The only saving grace is that our clients pay that price - in spades!

Judge: What's the latest?
GGL: Your Honor, we need to do A, B and C ASAP.
Judge: Any objections, BGL?
BGL: Yes, your Honor. X, Y and Z.
Judge: See you all next month. Adjourned!

GGL: Coffee?
BGL: Can't! Toga party at Long Dong Skropenis and CockMeyers' pad. I'll email you pics.
GGL: Guess I'll have my paralegal email my suckers the latest and ask for next month's payment for legal. Wait, toga party?
BGL: Yep, but don't tell the judge, for I'll be donning a robe - with nothing underneath.
GGL: You always get the good clients!
BGL: Yep! It's not who you know, but who you...

[HardwareReviewer]

When HF promises BTC refunds, customers expect BTC refunds.

They the fuck don't care how the company would manage to provide them, it's not of their business. For all they care maybe each time a HF employee takes a dump, one newly created bitcoin comes along with it. It's not of their concern, it's HF responsibility to live up to their part of the agreement, as we customers did ours.

- Was there risk involved in pre-ordering from HashFast? Yes, as there is with many bitcoin investments. A lot of scammers, liars, mismanagement and incompetence out here.

- Does that mean WE as customers are responsible for putting our trust and money in that company? Of course not, they are responsible for their own promises and mistakes.

- IOW does it make us greedy bastards to demand BTC refunds as per our agreement?  Absolutely not.


So Icebreaker, you were told about the "Windfall" concept by some gal and you probably thought "Yes, that's something I can use", and now you use a million times it in all your replies as your only defense for your failed company.

Yeah, I know that type of person. The words childish and ridiculous comes to mind, as does the expression "doesn't know what the hell he's talking about".


So please, take you shitfall and go play elsewhere. It's time for you to invent a new scam.


Kisses,
HR  


PS: I paid in fiat.

[bitndx]

The bigger picture question is how do you take in $18M+ from pre orders, fulfill a small percentage of your customers (1/2 of the first batch) and apparently have next to nothing in $ or BTC to show for it?

Obviously, those involved in the blatant collusion had to be paid. I see it! You see it! Even the judge sees it, but it's not his position to make such an opinion, for he's ONLY the judge. Both sides' lawyers see it, but guess what comes to mind? You guessed it: Blatant collusion.

Good Guy Lawyer: I'm going to do A, B and C to try to get this over with ASAP, while you...
Bad Guy Lawyer: ...do X, Y and Z to slow you down. Is it safe to assume we're both getting paid the same hourly rate?
Good Guy Lawyer: Yes, of course, Silly, but sadly the clown wearing the robe doesn't benefit so handsomely.
Bad Guy Lawyer: True, that! But we don't get to don a robe. Guess that's the price we have to pay to remain in our lowly positions.
Good Guy Lawyer: The only saving grace is that our clients pay that price - in spades!

Judge: What's the latest?
GGL: Your Honor, we need to do A, B and C ASAP.
Judge: Any objections, BGL?
BGL: Yes, your Honor. X, Y and Z.
Judge: See you all next month. Adjourned!

GGL: Coffee?
BGL: Can't! Toga party at Long Dong Skropenis and CockMeyers' pad. I'll email you pics.
GGL: Guess I'll have my paralegal email my suckers the latest and ask for next month's payment for legal. Wait, toga party?
BGL: Yep, but don't tell the judge, for I'll be donning a robe - with nothing underneath.
GGL: You always get the good clients!
BGL: Yep! It's not who you know, but who you...

collusion seems like alot of professional risk for the GGL(?creditors committee lawyer?). That thing we all know is untrue that she said during the hearings concerning the chips not depreciating was a tactic to kill the liquidbits deal......well that worked.

now what? where are the good ideas?

[GalaxyASIC]

What was the big idea behind killing the liquidbits deal?
Was there an alternative that would have delivered more money to the creditors?

[pmorici]

What was the big idea behind killing the liquidbits deal?

The main problem was that it was they weren't offering to pay cash.  They wanted to pay a very small amount to a select few companies to get their hands on the chips and then if they decided to build a mine and after they got their investment back they would maybe pay up to 6 million dollars back to creditors.  So the likely outcome for customer creditors was that we would have ended up with $0.  If you have a choice between keeping something that is worth a few million and declining in value so you could look for another buyer or $0 for it right now which would you take?

[Gleb Gamow]

Judge: GGL and BGL, please approach the bench.
GGL: Here is comes. I wonder how much it's going to cost us. I bet 5%?
BGL: I'm guessing 15.
Judge: Hey, guys, I can't believe it's already ten o'clock. Before we get started today I just wanted to say my grandchildren read her first book cover-to-cover yesterday. It was Ten Little Indians. I believe that by the time she gets to be ten, she'll be pretty smart. In fact, she, herself, is already getting into Bitcoin. Just look what she gave me. A bitcoin wallet address. Go ahead and keep it, she has plenty. I can't wait to get home tonight to read to her MOMO. That'll be all.
GGL: When the fuck did the Judge learn code?
BGL: Not sure, but it'll only cost us 10%. BTW, you owe me coffee for losing the bet.

[Ilan1]

Will this nightmare ever reach a conclusion, I want some money back?

[Gyrsur]

I feel like this:

http://www.youtube.com/watch?v=amGJwP2p7D8

 

[bitndx]

What was the big idea behind killing the liquidbits deal?

The main problem was that it was they weren't offering to pay cash.  They wanted to pay a very small amount to a select few companies to get their hands on the chips and then if they decided to build a mine and after they got their investment back they would maybe pay up to 6 million dollars back to creditors.  So the likely outcome for customer creditors was that we would have ended up with $0.  If you have a choice between keeping something that is worth a few million and declining in value so you could look for another buyer or $0 for it right now which would you take?

hindsight on the LB deal....but weird that there wasn't a back and forth where some cash might have come forward..."this deal or no deal". Especially since there wasn't anything waiting in the wings.

where are the new ideas to use the declining value chips? Is there an email address for the CRO to send some ideas too because it sure seems like there are none?

[pmorici]

What was the big idea behind killing the liquidbits deal?

The main problem was that it was they weren't offering to pay cash.  They wanted to pay a very small amount to a select few companies to get their hands on the chips and then if they decided to build a mine and after they got their investment back they would maybe pay up to 6 million dollars back to creditors.  So the likely outcome for customer creditors was that we would have ended up with $0.  If you have a choice between keeping something that is worth a few million and declining in value so you could look for another buyer or $0 for it right now which would you take?

weird that there wasn't a back and forth where some cash might have come forward..."this deal or no deal". Especially since there wasn't anything waiting in the wings.

where are the new ideas to use the declining value chips? Is there an email address for the CRO to send some ideas too because it sure seems like there are none?

There were negotiations in the sense that Liquidbits negotiated with Hashfast (ie: Monica, Simon, etc...).  It's just that Hashfast's idea of a "good" deal and the creditor's were different and they didn't include the creditors in meaningful negotiation.  Now that the CRO is in control he is much more likely to negotiate a deal for the creditors that the bankruptcy judge will actually approve.  I posted the CRO's contact email back a few pages in this thread.

[mikelitv]

What was the big idea behind killing the liquidbits deal?

The main problem was that it was they weren't offering to pay cash.  They wanted to pay a very small amount to a select few companies to get their hands on the chips and then if they decided to build a mine and after they got their investment back they would maybe pay up to 6 million dollars back to creditors.  So the likely outcome for customer creditors was that we would have ended up with $0.  If you have a choice between keeping something that is worth a few million and declining in value so you could look for another buyer or $0 for it right now which would you take?

weird that there wasn't a back and forth where some cash might have come forward..."this deal or no deal". Especially since there wasn't anything waiting in the wings.

where are the new ideas to use the declining value chips? Is there an email address for the CRO to send some ideas too because it sure seems like there are none?

There were negotiations in the sense that Liquidbits negotiated with Hashfast (ie: Monica, Simon, etc...).  It's just that Hashfast's idea of a "good" deal and the creditor's were different and they didn't include the creditors in meaningful negotiation.  Now that the CRO is in control he is much more likely to negotiate a deal for the creditors that the bankruptcy judge will actually approve.  I posted the CRO's contact email back a few pages in this thread.

Didn't they give PRIORITY mining to the Creditors?  Weren't they giving up their claim of circa $6million?  Didn't they propose to pay $2million dollars upfront?  That's what I read from the proposition.  That's what I understood from the Q&A on this forum.  More would have been given back to creditors than what we are all entitled to hope now.

But why bother?  LQB was interested only up to a certain point.  They put a deadline, which is understandable with the growth of the network.  It was declined.  The Judge seems to have disliked the structure of the proposal saying that it was not a purchase but a re-structuration, inadequate under the terms of a bankruptcy.  IT'S OVER!   LQB, which was by far the best proposition we ever had, was not acceptable to the creditor's council... ok.  Let's MOVE ON.  WHAT DO WE HAVE TODAY?  I keep asking this question.  It seems there is REALLY nothing else.  How can that be better?  With the time this is all taking, those that had an ongoing mine and sit on the council are happy it didn't happen, and the CRO is less and less likely to obtain any value from the sales.  Look at what the competition is doing!