[CLOSED*]R1B: HashFast Baby Jet Upgrade Promo - DZ MC Round 1. Batch 1. Mahalo!

[BeepBeep2]

Any update DZ?

[DyslexicZombei]

Any update DZ?

Like I said: fighting this tooth and nail.

I am actually collating every frickin thing related to this and it's actually depressing me a bit because HF has failed so badly, and stressing me out a bit because certain people need certain thorough details before we proceed. Trying to keep the chronological details in order across multiple email accounts and wallets hasn't been fun. My prepwork related to this will be done tonight, 100%.

As usual: working my okole (ass) off for you guys.  

R2 may not have the luxury of fighting for a full BTC refund because we bought this out from someone that wired their money instead of sending BTC, but for R1, you better believe I'm fighting the good fight for you and me. We'll do the best we can for R2 but we may be stuck with a USD refund for R2. You can pass that on to R2, if you want. Busy as you know what at the moment.

[firsttimeuser]

Yeah we will not get refund in BTC for R2, fingers crossed for R1.
I would keep R2 gear for hushing it could make more $$ than refund for it.

Good Luck DZ, Thomas

[Bakal]

thanks very much DZ, thomas, and all.

Like I said: fighting this tooth and nail.

As usual: working my okole (ass) off for you guys. 

Since R2 has a slim chance of refund in BTC, we may want to rethink.
might as well run this thing, and get the most out of it (i.e. the late-also-additional-hashrate thing).
and pray so BTC keeps on going up.

R2 may not have the luxury of fighting for a full BTC refund because we bought this out from someone that wired their money instead of sending BTC, but for R1, you better believe I'm fighting the good fight for you and me. We'll do the best we can for R2 but we may be stuck with a USD refund for R2. You can pass that on to R2, if you want. Busy as you know what at the moment.

[trout]

thanks, DZ - all our hopes are with you !!

[philipma1957]

wow a btc refund for r1 would be really nice.   I dug up my payment info.


https://bitcointalk.org/index.php?topic=274055.msg2948629#msg2948629



https://blockchain.info/tx/53a634c037e1e8cadff640824d12e088f423e5625f86876f00c0466fa10d05f1


 it was 1.55 btc  and that is more then 1300usd now.   

[firsttimeuser]

http://hashfast.org/Main_Page
good reading

[dex1]

Any updates ?
Have we claimed the refund yet ?

[DyslexicZombei]

UPDATE: They're forcing USD refunds on people that didn't request them if you missed that in the CH forum yesterday. If this is forced on us, we are *not* cashing this refund check worth about 1/8th of our orig. BTC sent for R1-4, and will consult with our legal team.

It was a major PITA to get all the evidence in place, and in chronological order for our attorneys but HashFast heard from our attorneys yesterday and we have an official support ticket in the system, FWIW. It's also been a drain on the co-op's energy to have to fight this in the middle of the move/expansion.

We're doing our best to get full BTC refunds for everyone that bought into R1-4 with Bitcoin (except for R2, which was orig. bought via Wire Transfer by someone else so it will be in USD; the upgrade R2B was paid in BTC).

To fight to get this full BTC refunds for us and to make sure we were represented by a battle tested legal team, we plan on deducting the legal costs among the 4 rounds. We estimate this cost to be about $250-300 at this time (could go up if we go to arbitration).

That would work out to about $2.50-$3 per R1-4 share (which includes upgrades for R1-2). The upside is: for those that bought GB shares with bitcoin, if we get our full BTC back from HashFast, even with this small deduction for legal expenses you'd be refunded 6-9x your USD value back from your original BTC purchase amount(s) depending on when you bought your GB shares.

If you paid in USD, these refund terms and legal fees don't apply, and we will send back the original USD amount(s) sent when our full refund arrives.

[jungle_dave]

If anyone is not following this discussion on R2 (B) then let me inform you on whats happening.

Its been proposed that people who paid there shares in USD for round 1 will be paid back in USD if and when we get a refund. The refund if legal action is successful will return the 62 BTC paid by us.
This means by my calculations that 48 BTC would be paid back to the original investors - the legal costs. This leaves close to 14 BTC left to payout the USD share holders.
Deducting the $1395 for 9 shares there is a profit of close to $10,000 remaining.

There was a suggestion that the founding members of the DZ co-op will have a vote to decide as to what they will do about this.  This vote would not be by the original shareholders but by a non-disclosed group.

I propose a vote by active share holders on what we should do.
Shareholders are defined as people who have shares in R1 and there shares count as votes.
i.e you have 3 shares thats 3 votes of the total.
We have the following choices.

A) We take the refund in USD

B) We take Hashfast to court at the expense of the DZ co-op management BTC shareholders are paid in BTC USD shareholders are paid USD

C) We take hashfast to court our expense, if refunded we divide the refund as per share paid

D) We wait and hope that Hashfast delivers
 
The shareholders of R1 are

DyslexicZombei   8
Anonymous           8
jungle_dave           2
kaz911           2
milkbottlec           2
hannibal42           1
trout                   2
Hektek           1
philipma1957   1
abuelau           2
BeepBeep2           1
filharvey           1
Adamln           1
firsttimeuser   4
mazza           2
-Redacted           2

Please cast your vote so that we can put this business behind us.




 

[philipma1957]

If anyone is not following this discussion on R2 (B) then let me inform you on whats happening.

Its been proposed that people who paid there shares in USD for round 1 will be paid back in USD if and when we get a refund. The refund if legal action is successful will return the 62 BTC paid by us.
This means by my calculations that 48 BTC would be paid back to the original investors - the legal costs. This leaves close to 14 BTC left to payout the USD share holders.
Deducting the $1395 for 9 shares there is a profit of close to $10,000 remaining.

There was a suggestion that the founding members of the DZ co-op will have a vote to decide as to what they will do about this.  This vote would not be by the original shareholders but by a non-disclosed group.

I propose a vote by active share holders on what we should do.
Shareholders are defined as people who have shares in R1 and there shares count as votes.
i.e you have 3 shares thats 3 votes of the total.
We have the following choices.

A) We take the refund in USD

B) We take Hashfast to court at the expense of the DZ co-op management BTC shareholders are paid in BTC USD shareholders are paid USD

C) We take hashfast to court our expense, if refunded we divide the refund as per share paid

D) We wait and hope that Hashfast delivers
 
The shareholders of R1 are

DyslexicZombei   8
Anonymous           8
jungle_dave           2
kaz911           2
milkbottlec           2
hannibal42           1
trout                   2
Hektek           1
philipma1957   1
abuelau           2
BeepBeep2           1
filharvey           1
Adamln           1
firsttimeuser   4
mazza           2
-Redacted           2

Please cast your vote so that we can put this business behind us.




 

 for me it just 1 share  while I like the idea of 1.55 btc plus 43 usd for the upgrade option.. I would take 200 usd and be done with it.

[abuelau]

If anyone is not following this discussion on R2 (B) then let me inform you on whats happening.

Its been proposed that people who paid there shares in USD for round 1 will be paid back in USD if and when we get a refund. The refund if legal action is successful will return the 62 BTC paid by us.
This means by my calculations that 48 BTC would be paid back to the original investors - the legal costs. This leaves close to 14 BTC left to payout the USD share holders.
Deducting the $1395 for 9 shares there is a profit of close to $10,000 remaining.

There was a suggestion that the founding members of the DZ co-op will have a vote to decide as to what they will do about this.  This vote would not be by the original shareholders but by a non-disclosed group.

I propose a vote by active share holders on what we should do.
Shareholders are defined as people who have shares in R1 and there shares count as votes.
i.e you have 3 shares thats 3 votes of the total.
We have the following choices.

A) We take the refund in USD

B) We take Hashfast to court at the expense of the DZ co-op management BTC shareholders are paid in BTC USD shareholders are paid USD

C) We take hashfast to court our expense, if refunded we divide the refund as per share paid

D) We wait and hope that Hashfast delivers
 
The shareholders of R1 are

DyslexicZombei   8
Anonymous           8
jungle_dave           2
kaz911           2
milkbottlec           2
hannibal42           1
trout                   2
Hektek           1
philipma1957   1
abuelau           2
BeepBeep2           1
filharvey           1
Adamln           1
firsttimeuser   4
mazza           2
-Redacted           2

Please cast your vote so that we can put this business behind us.




 

But what about R3 and R4? They are also in the same situation as we. no? This means that to take HF to court at "our expense" could actually be split with R3 and R4 if they agree.

[filharvey]

I would love my initial BTC, but I will just vote for taking $$$$ now. I don't want any part of a lawyer or costs there.

Phil

[trout]

I vote B. Though I see how those who paid in USD could be unhappy with this decision, and also
there'll be the question of what to do with the extra money shall we get a full refund.

C is also acceptable to me.

Someone ntoed in the HF thread that cashing the refund check may seriously undermine our position in court (i.e. it may be interpreted as we accepted the terms of the refund). If this is the case I'd prefer not to cash the check but wait for the result of the legal proceedings

[BeepBeep2]

I am not voting A. You have to be kidding. Nor D.

B or C please.
B preferred.

[trout]

... just wanted to add - legal action will not be quick,
but I think it's important to let HF know that we are taking
it and are very serious about it as fast as possible. They might
offer us some settlement (like, a full refund  ) while they still have some money left.

[abuelau]

I am not voting A. You have to be kidding. Nor D.

B or C please.
B preferred.

+1 for me. B or C.

[philipma1957]

... just wanted to add - legal action will not be quick,
but I think it's important to let HF know that we are taking
it and are very serious about it as fast as possible. They might
offer us some settlement (like, a full refund  ) while they still have some money left.

  If we go to court it will take more then a year to collect.  If Dz Coop is even around to continue the legal battle It would be more money in the long run, but honestly  I would would be willing to sell my share for usd today at 100 bucks.  Waiting for this is not my cup of tea.

I get that if you have 5 or 10 shares x 1.55 btc it would be worth it.  I have only 1 share. I would rather let go and forget this.

So first to pay me the 100 usd has my  1 share. 

[filharvey]

I feel the same as philipma1957. I'm not on for a fight, which I think will cost us all the possible money and for us to lose. I would rather just cash in now and forget this mess.

I swear I'm not joining an Group Buys again.

Phil

[firsttimeuser]

who wants to buy my 1 share for usd?

pm a reasonable offer for it.

keep your share Phil
https://bitcointalk.org/index.php?topic=425019.0