HashFast launches sales of the Baby Jet

[Simon Barber]

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?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

[HashFast]

Hi Everyone

Our site is being migrated and will be down for a while.

John
HashFast.com

[Mapuo]

ScamFast, I think...

[HashFast]

Hi Everyone

Our site is being migrated and will be down for a while.

John
HashFast.com

and we're back

[cypherdoc]

looks good john

[plasmoske]

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?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

[eve]

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?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

A btc rate of $100 is not the same as $150 in 2 months time. What a smoke screen promise.

[CoinHoarder]

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?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

A btc rate of $100 is not the same as $150 in 2 months time. What a smoke screen promise.

It would be nice to have a written statement about your funding. If you're promising 1 to 1 BTC refunds, you must be funding the R&D/production yourself? If you explain this I think it will ease a lot of worries.

[Seth Otterstad]

Bet：

http://bitbet.us/bet/507/hashfast-will-deliver-asic-devices-to-spec-before/

Why do people make bets which close at the event.  Why would anyone bet now given that there will be a flood of bets seconds before the deadline when the outcome is no longer a gamble.

This blows my mind that people still use that site since the launch of predictious.com.  A lot of bitcoiners seem to try very hard to lose all their money.

[crumbs]

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?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

A btc rate of $100 is not the same as $150 in 2 months time. What a smoke screen promise.

If HashFast is *using* the pre-order money, refunds of any kind (BTC or current $ value) are out of the question -- you can't refund money that is already spent.
If HashFast is *not using* the pre-order money, why is it being locked in until next year?
Can HashFast make a statement on how pre-order money will be used?

[Ytterbium]

Bet：

http://bitbet.us/bet/507/hashfast-will-deliver-asic-devices-to-spec-before/

Why do people make bets which close at the event.  Why would anyone bet now given that there will be a flood of bets seconds before the deadline when the outcome is no longer a gamble.

This blows my mind that people still use that site since the launch of predictious.com.  A lot of bitcoiners seem to try very hard to lose all their money.

Especially when the current "odds" are so lopsided, you are basically guaranteed to lose money if KnC doesn't deliver.

[cycloid]

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?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

A btc rate of $100 is not the same as $150 in 2 months time. What a smoke screen promise.

It would be nice to have a written statement about your funding. If you're promising 1 to 1 BTC refunds, you must be funding the R&D/production yourself? If you explain this I think it will ease a lot of worries.

This promise just steered me away 100%

Too many holes in this venture, biggest one so far is absence of Escrow service IF refunds are 1:1 in BTC
The only logical conclusion they want to have an option on defaulting or USD equivallent refunds in case of failure to deliver, which seem like part of the plan from the start.

[HashFast]

Hi Everyone,

We are currently processing orders. If you are intersted in a purchase, you can call us at (800) 609-3445 or email us at sales@hashfast.com.
If you have already submitted an order, please have the order number ready when you call or include it in the email.

Thanks!

John
HashFast.com

[ninjarobot]

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

This is a step in the right direction.

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

• HashFast promises to ship on October 30.
• Customer paid ~60 BTC for a pre-order unit.
• Customer registers a refund BTC address at the hashfast.com site.
• For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
• This would continue until either the refund is complete or the unit is delivered.

This would:

• Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
• Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
• Provide a strong incentive for HashFast to deliver on time.

[plasmoske]

Come on John. Plenty of questions that need to be answered and you just keep on.....

I don't know if you're just ignoring everyone or just don't have the answers to the questions people ask.

Getting scammier by the day my friend.

[Vagnavs]

Come on John. Plenty of questions that need to be answered and you just keep on.....

I don't know if you're just ignoring everyone or just don't have the answers to the questions people ask.

Getting scammier by the day my friend.

I think it's too late..

[cryptograd]

Only BTC for payment. how about credit card?

BUY BTC WITH CREDIT CARD

[Simon Barber]

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

• HashFast promises to ship on October 30.
• Customer paid ~60 BTC for a pre-oder unit.
• Customer registers a refund BTC address at the hashfast.com site.
• For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
• This would continue until either the refund is complete or the unit is delivered.

This would:

• Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
• Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
• Provide a strong incentive for HashFast to deliver on time.

We are working on finalizing a guarantee program for purchasers that will provide some good coverage in case of late delivery, the text is being perfected now, and we will be publishing it in the next few days. It will be offered free to all existing purchasers.

[BitCsByBit]

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

• HashFast promises to ship on October 30.
• Customer paid ~60 BTC for a pre-oder unit.
• Customer registers a refund BTC address at the hashfast.com site.
• For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
• This would continue until either the refund is complete or the unit is delivered.

This would:

• Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
• Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
• Provide a strong incentive for HashFast to deliver on time.

We are working on finalizing a guarantee program for purchasers that will provide some good coverage in case of late delivery, the text is being perfected now, and we will be publishing it in the next few days. It will be offered free to all existing purchasers.

Does this mean it will cost extra for future purchasers?

[eve]

After pestering him , he decides to look into the refund policy and guarantee delivery time. You still do not accept credit cards, and most of your techs specs and are only doable on theory and not proven. Be careful and stay away and stay clear.