Entropy-uc (OP)
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January 01, 2014, 01:42:35 AM Last edit: January 01, 2014, 03:30:33 AM by gmaxwell |
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Concerning yourself with the future actions of others is a waste of energy.
The future of others is also the future of Bitcoin. If small independent miners keep losing their shirts on deals like this we'll end up in a case where only huge consolidated operations with captive manufacturing will be profitable. The end result would be an enormous centralization of hash-power which would undermine the security assumptions in Bitcoin, and result in the ultimate failure of the cryptocurrency... which wouldn't be in the interest of anyone currently mining or holding coins. Besides, the future actions of others may include my friends and future friends. Not everything is about making a profit denominated in coins or dollars. You really didn't care when it was BFL ripping people off, so what makes this different? Is it that you are one of the people that were deceived? Don't get me wrong, I've been screaming about this for 18 months now. But I'm surprised to see this new attitude from you in particular. If you want to improve things, as a mod you can easily have a positive impact. Abolish all discussion of hardware that hasn't shipped in volume to mining speculation.
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cypherdoc
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January 01, 2014, 02:50:07 AM |
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Concerning yourself with the future actions of others is a waste of energy.
The future of others is also the future of Bitcoin. If small independent miners keep losing their shirts on deals like this we'll end up in a case where only huge consolidated operations with captive manufacturing will be profitable. The end result would be an enormous centralization of hash-power which would undermine the security assumptions in Bitcoin, and result in the ultimate failure of the cryptocurrency... which wouldn't be in the interest of anyone currently mining or holding coins. Besides, the future actions of others may include my friends and future friends. Not everything is about making a profit denominated in coins or dollars. You really didn't care when it was BFL ripping people off, so what makes this different? Is it that you are one of the people that were deceived? Don't get me wrong, I've been screaming about this for 18 months now. But I'm surprised to see this new attitude from you in particular. If you want to improve things, as a mod you can easily have a positive impact. Abolish all discussion of hardware that hasn't shipped in volume to mining speculation. yes he has a HF unit on order.
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HashFast_CL
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January 01, 2014, 02:55:54 AM |
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This is obviously a Scam Accusation: As many of you might be aware of, HashFast has learned all the lessons from BFL and is in the process of accomplishing an even worse scam.
Gmaxwell's rules for this sub are here: https://bitcointalk.org/index.php?topic=139380.0They are very well written. Like any good set of rules they are clear, concise, and leave little open to interpretation: Here are some points on this subforum's ground rules— some of them are just repetition of the overall forum standards. Most of this should go without saying, but it seems a few people need some reminders.
Stay on-topic.
All threads created should be about custom mining hardware, its operation, or its production (including the companies making it or the technology involved). Generally the subject matter should be boring— technical, procedural, dry things. We're talking about custom hardware for mining here, not civil rights or awesome rock concerts.
Within a thread all messages should pertain to the subject of the thread which is described in the thread title or original post. Avoid tangents and especially avoid responding to tangents. Off-topic posts may be spindled, folded, or mutilated at the moderators discretion. Posts by an equipment manufacturer or their staff in a thread about that manufacturer are automatically on-topic regardless of their content. (If they want to make a fool of themselves thats something everyone would find interesting)
Posts should generally not make people angry. If you expect that your post will make people angry that is a sign that it may be in the wrong sub-forum. However, in some rare cases factual material about custom hardware or its vendors will make people angry. In these cases it is all the more important to be dry, factual, and to avoid speculation.
In all cases, do no harass or stalk people. Keep your behavior civil and professional. Harassment will be ruthlessly deleted or edited until it is a mockery of the poster (in all cases edited posts will be marked accordingly). If you are in doubt about a behavior it is probably harassment. Don't do it.
If you feel you need to investigate a party that has scammed you, take it to the scam accusation sub-forum.
Be the better man: Just because someone is a jerk that doesn't justify you becoming one.
Feel free to provide criticism but don't belabor it. Making the same point over and over again is spam. Making multiple threads about the same subject is spam. Spam will be ruthlessly deleted or edited until it is a mockery of the poster. If you think important criticism is at risk of getting missed cooperate with other posters and write up a even handed summary of the issues. Pointers to well written third party summaries may be stickied, if their material is reasonable and of general interest to custom hardware participants.
To avoid wasting people's time avoid bumping threads with pointless +1s, meme images, or "inb4" messages. If you're not sure what the topic of a thread is either don't post in it or only post to ask for clarification.
Avoid referral link spam. It's generally considered acceptable to use referral links where you would have linked otherwise, but creating a bunch of new posts (or threads) just for the purpose of spreading a link hurts the signal-to-noise ratio here. The forum has ads available for advertising, and signature space for ads is widely accepted. Overly aggressive advertising smells scammy in any case.
If you are unhappy about these conditions I invite you to not post in custom hardware. If you are unable to control your behavior your ability to post in custom hardware will be removed in one way or another.
Cheers and happy discussing.
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gnar1ta$
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January 01, 2014, 02:58:29 AM |
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If you want to improve things, as a mod you can easily have a positive impact. Abolish all discussion of hardware that hasn't shipped in volume to mining speculation.
I agree that the Custom Hardware sub should be about Custom Hardware, in accordance with Gmaxwell's own rules. That means Scam Accusations should be moved to the Scam Accusation sub, not left here to lower the signal/noise ratio. The baseless, now-rubbished "Is HashFast Self-Mining?" thread is a sterling example of why following Gmaxwell's rules is a good idea. Of course, being both a disgruntled customer and a mod presents an increasingly apparent conflict of interest for him. Lol...well we can't really talk about your custom hardware now can we, since you took all our BTC, lied to us, and gave us nothing.
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Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
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miter_myles
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January 01, 2014, 03:01:53 AM |
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Wow - for a company that has been bending over its customer base while eagerly withholding the spit.. you come in here and bitch a fit about "forum rules"?
You want someone to honor "forum rules" when things like an original "ToS" isn't even being honored by HF??? lolsauce!
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gmaxwell
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January 01, 2014, 03:14:45 AM |
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You really didn't care when it was BFL ripping people off, so what makes this different? Is it that you are one of the people that were deceived?
I really did. But there was such as cesspool of bad behavior on all sides that it was hard to be crisp in my disapproval. Especially to those adopting a highly factional perspective "Anyone who says anything positive about my enemy is my enemy, anyone who says anything negative about my friend is my enemy." I even thought for a while that most of the shrill anti-bfl voices were actually BFL shills trying to discredit the complainers because they were so ... anti-persuasive ... but that guess was thrown out the window by the BFL employees acting in ways which I would have attributed as being the output of anti-BFL folks in disguise, if the fact of their employment didn't exclude that possibility. At the same time, BFL was late and under-spec for every product. I successfully predicted that their asic products wouldn't be a good deal and stayed clear, and— perhaps unfairly— I wasn't really personally shocked until say march or so. What bothers me— in terms of long term risks— isn't the mistaken (/deceptive) product claims or missed deadlines. If some mining company was late and lied to their customers, and delivered an underspec part— but the miners were still able to break even that bothers me less than a company which is honest and on-time, but through a combination of pricing, order-book non-transparency, and self-mining delivers a product that can never break even. When BFL was initially delayed they seemed an anomaly, a not very reliably company with habitually late products. But for a long time they still looked like they'd break even for some time. Ha. In the time since then _most_ of the products sold have not broken even and likely will never break even vs just sitting on your Bitcoin. The rapid appreciation of coin has enabled some miners to lie to themselves about their losses, but they're losses none the less. If you look you can see me complaining about practically every mining hardware company (I think) I know anything about. (Including ones that I generally like) Mining products are sold for a particular purpose: To mine Bitcoin. A miner which mines a nearly guaranteed loss is defective, no matter how timely the delivery or polite the sales staff. If you want to improve things, as a mod you can easily have a positive impact. Abolish all discussion of hardware that hasn't shipped in volume to mining speculation.
Yea I was thinking about doing a "New product announcements and preorders" subforum. But other than improving the SNR, I don't think it'll help. The baseless, now-rubbished "Is HashFast Self-Mining?" thread is a sterling example of why following Gmaxwell's rules is a good idea.
A thread which had fallen to the second (third?) page when you asked me to unlock it so you could bump it. FWIW, I strong disagree with any hardware company "testing" hardware on the production network. There is a dedicate test network, and system testing can be adequately tested on a private network. I lauded avalon's initial commitments to not do so (which were subsequently violated), and complained about other companies doing so. When you mine instead of shipping you are taking from your customers, even if you don't use their hardware to do it, because you are elevating the future difficulty which will reduce their income on the products you eventually ship as well as any equipment they are currently mining with. There is a sure way to avoid complaints about minor amounts of things like that: deliver on your promises. Of course, being both a disgruntled customer and a mod presents an increasingly apparent conflict of interest for him.
Well, I can't deny being human. Looking at at >100 BTC loss does tend to increase salience. When HashFast started it was looking for well known and high profile people to help promote its products. I didn't get involved in any promotion or whatever, but I did eventually buy a product (and a second one a month later in September, since everything was "on time"). The advantages of affiliation with high profile people cuts both ways however: Had hashfast delivered on time and to spec I would have been singing praises, and now that I'm out a lot of coin and getting outright _offensive_ settlement offers for a contract that HashFast has defaulted on entirely on their own... well there you go: You're damn right I'm going to speak up about that too. I suppose one lesson might be that one ought to take as much care in picking their enemies as they do their friends. As far as moderation goes, there is actually very little control I have over things here. I've been pruning out offtopic crap to keep the threads readable. Feel free to complain about anything you think has gone wrong and I'll try to fix it. If you think the pitchforks are making it hard to hear your product updates, create a self moderated thread for product updates. Cheers, [And now I have to go figure out how to split all this OT stuff out of this thread. ::sigh::]
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thomas_s
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January 01, 2014, 03:20:08 AM |
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You really didn't care when it was BFL ripping people off, so what makes this different? Is it that you are one of the people that were deceived?
I really did. But there was such as cesspool of bad behavior on all sides that it was hard to be crisp in my disapproval. Especially to those adopting a highly factional perspective "Anyone who says anything positive about my enemy is my enemy, anyone who says anything negative about my friend is my enemy." I even thought for a while that most of the shrill anti-bfl voices were actually BFL shills trying to discredit the complainers because they were so ... anti-persuasive ... but that guess was thrown out the window by the BFL employees acting in ways which I would have attributed as being the output of anti-BFL folks in disguise, if the fact of their employment didn't exclude that possibility. At the same time, BFL was late and under-spec for every product. I successfully predicted that their asic products wouldn't be a good deal and stayed clear, and— perhaps unfairly— I wasn't really personally shocked until say march or so. What bothers me— in terms of long term risks— isn't the mistaken (/deceptive) product claims or missed deadlines. If some mining company was late and lied to their customers, and delivered an underspec part— but the miners were still able to break even that bothers me less than a company which is honest and on-time, but through a combination of pricing, order-book non-transparency, and self-mining delivers a product that can never break even. When BFL was initially delayed they seemed an anomaly, a not very reliably company with habitually late products. But for a long time they still looked like they'd break even for some time. Ha. In the time since then _most_ of the products sold have not broken even and likely will never break even vs just sitting on your Bitcoin. The rapid appreciation of coin has enabled some miners to lie to themselves about their losses, but they're losses none the less. If you look you can see me complaining about practically every mining hardware company (I think) I know anything about. (Including ones that I generally like) Mining products are sold for a particular purpose: To mine Bitcoin. A miner which mines a nearly guaranteed loss is defective, no matter how timely the delivery or polite the sales staff. If you want to improve things, as a mod you can easily have a positive impact. Abolish all discussion of hardware that hasn't shipped in volume to mining speculation.
Yea I was thinking about doing a "New product announcements and preorders" subforum. But other than improving the SNR, I don't think it'll help. Of course, being both a disgruntled customer and a mod presents an increasingly apparent conflict of interest for him.
Well, I can't deny being human. Looking at at >100 BTC loss does tend to increase salience. When HashFast started it was looking for well known and high profile people to help promote its products. I didn't get involved in any promotion or whatever, but I did eventually buy a product (and a second one a month later in September, since everything was "on time"). The advantages of affiliation with high profile people cuts both ways however: Had hashfast delivered on time and to spec I would have been singing praises, and now that I'm out a lot of coin and getting outright _offensive_ settlement offers for a contract that HashFast has defaulted on entirely on their own... well there you go: You're damn right I'm going to speak up about that too. I suppose one lesson might be that one ought to take as much care in picking their enemies as they do their friends. As far as moderation goes, there is actually very little control I have over things here. I've been pruning out offtopic crap to keep the threads readable. Feel free to complain about anything you think has gone wrong and I'll try to fix it. If you think the pitchforks are making it hard to hear your product updates, create a self moderated thread for product updates. Cheers, [And now I have to go figure out how to split all this OT stuff out of this thread. ::sigh::] If we are talking about moving this all around, which you can get rid of this post for being OT but, can you also move the main HF thread to speculation as they haven't really provided any information that has a result to it. They posted about being a new company and developing a product but it seems everything they've given / provided this forum = nothing that works. Bad PCB's etc. So until they actually can show proof of concept (not just a hey look somethings mining on x address, showing errors, not operating at announced specs) it should be more of a speculation. A we think all this will work but not sure yet.
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miter_myles
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January 01, 2014, 03:21:47 AM |
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If we are talking about moving this all around, which you can get rid of this post for being OT but, can you also move the main HF thread to speculation as they haven't really provided any information that has a result to it.
Not a bad idea at all... This could also curb the pitchfork storm somewhat and the desperate HF "CustomerFister" wannabe forum moderator deputy dog rules specialist...
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gmaxwell
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January 01, 2014, 03:25:38 AM |
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[And now I have to go figure out how to split all this OT stuff out of this thread. ::sigh::]
Is discussing shipping timelines and company communications of custom hardware vendors really OT? Me defending my integrity is, I think. As is the yabbering about the rules. At least it has nothing to do with the subject of this thread, which is "A call to the Custom Hardware community: Please let the world know about HashFast". Not "Let the world know about Gmaxwell, and HashFastCL's interpertitive dance to Gmaxwell's stunning prose". If we are talking about moving this all around, which you can get rid of this post for being OT but, can you also move the main HF thread to speculation as they haven't really provided any information that has a result to it.
Not a bad idea at all... This could also curb the pitchfork storm somewhat and the desperate HF "CustomerFister" wannabe forum moderator deputy dog... I'm kinda afraid of crapping up speculation. If it's confined to a couple threads does it matter?
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Flying Hellfish
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January 01, 2014, 05:33:14 AM |
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I'm afraid I have to agree with OP. It always seemed weird to me why the mods here appeared (from my perspective at least) to be actively looking to bury as many "bad PR" type threads for BFL to the virtual geek dungeon of OT or SA.
Honestly I thought (and maybe still do if I am honest) that the significant amount of money BFL was spending on advertising here influenced mods decisions.
GMax are you now surprised that HashFast is coming along and asking you to bury their dirty laundry as well? Because you made estimations that BFL customers could ROI so it wasn't as bad as HF because their customers won't ROI . You shouldn't be making estimations on ROI to conclude an companies legitimacy. BFL was clearly illegally with holding refunds and you seemingly not only turned a blind eye but made the information presented less available for the rest of the poor schmucks.
Honestly I don't put any more weight on what Mods or admin or hero members have to say. Their content always speaks louder than their status, but I personally think you have not treated all companies the same and as a mod I believe you should have.
Nothing personal mate, and I do understand you have a chunk of change wrapped up here where you didn't with BFL and your only human, so with that I wish you good luck with your HF order and whatever other pre-orders you may have!
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gmaxwell
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January 01, 2014, 06:04:09 AM |
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Honestly I thought (and maybe still do if I am honest) that the significant amount of money BFL was spending on advertising here influenced mods decisions.
I don't know what mechanism you think it could have accomplished that. I moderated here then purely as a volunteer. Recently the forum started paying mods based on activity out of its substantial war-chest— makes it a little easier to not feel guilty about spending some time on it instead of other activities— but that started after all the major BFL drama went down, though I'm completely ignorant about the advertising stuff. I have no idea who pays what for what, I know there are auctions, but I don't believe I've ever even loaded the one of them. You shouldn't be making estimations on ROI to conclude an companies legitimacy. I think I must not have been very clear. In the pre-OP posts Entropy-uc expressed the view that people shouldn't care about protecting others from getting ripped off. I disagreed, expressing the view that miners getting ripped off is bad for Bitcoin as whole. I subsequently elaborated that this Bitcoin-as-a-whole concern is primarily related to mining breaking even, and that this concern is addressed if the miners break even, even if the vendors are slimely-slimeballs-who-slime. The reason I pointed it out is because this bitcoin-as-a-whole concern is a problem with practically every vendor right now, not just the supposedly dishonest ones. Some of the better liked hardware makers are turning around their sales and using the income to buy a multiple of the hashrate for themselves. This worrys me because I am concerned that it undermines the security model in Bitcoin. I've expressed this concern many times, and specifically in a few vendors threads. I try to be somewhat conservative about it, because I don't want to be one of those sociopath miners who tells everyone else mining can't be profitable while they're happily buying up all the hardware they can. [Not that I don't personally care about the people who get jerked around by poorly managed companies or scammers, but bad things are going on all the time all over the world— and especially in Bitcoin. I damaged friendships in begging people not to invest in Pirate40 and in warning people off of many other outright scams. My heart can bleed for only so many wounded, and at some point triage sets in.] BFL was clearly illegally with holding refunds and you seemingly not only turned a blind eye I am not your mommy— wellI'm actually quite paternalistic in places where I have full reign but the style of the forum is that you need to look out for yourself. This is advertised everywhere. The forum leaves known, even admitted, scammers to post. This is not necessarily policy I agree with (although I suppose I understand the arguments: better the known threat), but its the kind of open community that exist here, and really not all that many other places. There is simply nothing I can do, as a moderator, to help about these things. I have no power over these companies. And even when I express even the most mild disapproval— just as a regular user of the forum, which I also am— I am met with vicious attacks by the companies supporters. I only know what I've experienced too. People do make fraudulent scam accusations on the forums (and elsewhere on the internet) in order to try to extort reputable vendors and persons. Honestly I don't put any more weight on what Mods or admin or hero members have to say. As you should. I'm not just a moderator here, I'm a miner who's bin around longer than the vast majority, and one of the developers of Bitcoin-QT, there are lot of different perspectives I can speak from here. The moderator one is the least interesting. In some communities "moderators" get called "janitors": It's more accurate, sometimes I pull out a mop and clean up after some crazy person has crapped on the floor. What policy I make is generally procedural: Vomit goes in the green bin, used diapers in the red bin. I personally think you have not treated all companies the same and as a mod I believe you should have. I absolutely haven't. Companies have come and gone without me even noticing them, I didn't know about bitfury until people on IRC were talking about waiting for shipping on theirs. Fully keeping up with the threads here could easily be a full time job. But my job as a moderator isn't to police the companies, nor do I have the authority do so. I contribute intermittently as a regular miner, picking and choosing what threads I read and offering my opinion where I fee like it, and when I act as a moderator is usually either because someone has reported a post or I keep seeing one constantly at the top so I decide to start reading it and find that it's gone repetitive, off-topic, or outright animalistic.
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Bicknellski
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January 01, 2014, 07:41:15 AM |
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Concerning yourself with the future actions of others is a waste of energy.
The future of others is also the future of Bitcoin. If small independent miners keep losing their shirts on deals like this we'll end up in a case where only huge consolidated operations with captive manufacturing will be profitable. The end result would be an enormous centralization of hash-power which would undermine the security assumptions in Bitcoin, and result in the ultimate failure of the cryptocurrency... which wouldn't be in the interest of anyone currently mining or holding coins. Besides, the future actions of others may include my friends and future friends. Not everything is about making a profit denominated in coins or dollars. You really didn't care when it was BFL ripping people off, so what makes this different? Is it that you are one of the people that were deceived? Don't get me wrong, I've been screaming about this for 18 months now. But I'm surprised to see this new attitude from you in particular. If you want to improve things, as a mod you can easily have a positive impact. Abolish all discussion of hardware that hasn't shipped in volume to mining speculation. +1 You think he would get the message. I don't think hypocrisy is a good thing intentional or not. No one could argue that BFL is somehow under the radar and it CLEAR without doubt even that BFL has done and is doing things are more or less 'illegal' and harmful to this community well beyond the current HF fiasco and it obviously begs the question why weigh in on HF and not BFL? That is simply a question that never seems to get answered.
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eiliant
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January 01, 2014, 07:55:21 AM |
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yes he has a HF unit on order.
What is your stance on HF today?
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gmaxwell
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January 01, 2014, 07:56:37 AM |
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and it obviously begs the question why weigh in on HF and not BFL? That is simply a question that never seems to get answered.
wtf? whats to answer? I've randomly commented on a lot of things, and in this case I'm personally impacted, so you can be darn sure I'm going to comment. I'm not some mod-puppet. I'm a person too, and a regular user of the forums as well. If I were acting as a mod against HF you'd see some sticked thread or even my gratis advertising slot used, but I don't think that would be appropriate.
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Unacceptable
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January 01, 2014, 08:49:36 AM |
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Wow - for a company that has been bending over its customer base while eagerly withholding the spit.. you come in here and bitch a fit about "forum rules"?
You want someone to honor "forum rules" when things like an original "ToS" isn't even being honored by HF??? lolsauce!
Remember Tom from bASIC ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) He did the same thing,just before he closed shop...............he paid most everyone back,but............ ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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gmaxwell
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January 01, 2014, 11:08:03 AM |
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Remember Tom from bASIC ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) He did the same thing,just before he closed shop...............he paid most everyone back,but............ ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) A clear distinction in Tom's case is that there weren't absolutely unambiguous statements made to customers that any refunds would be the full amount of Bitcoin paid. In the case of HastFast case people (thought they) learned from bASIC and asked for, and received, clarification on this point. HF had learned too, and made all the right promises— full refunds of the amounts paid, investor funded, MPP to cover reasonable increases in difficulty, a named professional design time, etc. Perhaps the mistake that people keep making isn't that they're failing to as a particular question or sniff out a particular red-flag. Perhaps the problem is just trusting at all for something this substantial when failure leaves the defaulting party holding all the cards (and all the coin). Next time someone shows up asking for pre-orders with promises development paid by investors not pre-orders and full Bitcoin refunds we should demand using a trustless multisig escrow in the blockchain to eliminate the risk of a failure to make good on the promises.
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RoadStress
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January 01, 2014, 01:08:06 PM |
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BFL was clearly illegally with holding refunds and you seemingly not only turned a blind eye I am not your mommy— wellI'm actually quite paternalistic in places where I have full reign but the style of the forum is that you need to look out for yourself. This is advertised everywhere. The forum leaves known, even admitted, scammers to post. This is not necessarily policy I agree with (although I suppose I understand the arguments: better the known threat), but its the kind of open community that exist here, and really not all that many other places. There is simply nothing I can do, as a moderator, to help about these things. I have no power over these companies. And even when I express even the most mild disapproval— just as a regular user of the forum, which I also am— I am met with vicious attacks by the companies supporters. I only know what I've experienced too. People do make fraudulent scam accusations on the forums (and elsewhere on the internet) in order to try to extort reputable vendors and persons. I'm not some mod-puppet. I'm a person too, and a regular user of the forums as well.
As a person if you saw someone getting robbed in the street i bet that you would help that person right away either by calling the cops or any help or by smacking the thief or by any other means. I never saw that here from you even if you are not obligated. There is no warning here for the new people. I thought there was a warning with "Caveat emptor" on the Securities sub-forum, but i see that is gone now. If someone that just discovered bitcoin gets here, he has no idea that he got into a scammers den unless he starts reading everything here and starts screening paid shills from regular users with valid points and concerns. While i like the fact that everyone should be very careful with his own investments and own money, i think a simple warning or some guidelines about the scams that are around here could help people be more cautious before investing into something.
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Entropy-uc (OP)
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January 01, 2014, 04:27:20 PM |
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Remember Tom from bASIC ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) He did the same thing,just before he closed shop...............he paid most everyone back,but............ ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) A clear distinction in Tom's case is that there weren't absolutely unambiguous statements made to customers that any refunds would be the full amount of Bitcoin paid. In the case of HastFast case people (thought they) learned from bASIC and asked for, and received, clarification on this point. HF had learned too, and made all the right promises— full refunds of the amounts paid, investor funded, MPP to cover reasonable increases in difficulty, a named professional design time, etc. Perhaps the mistake that people keep making isn't that they're failing to as a particular question or sniff out a particular red-flag. Perhaps the problem is just trusting at all for something this substantial when failure leaves the defaulting party holding all the cards (and all the coin). Next time someone shows up asking for pre-orders with promises development paid by investors not pre-orders and full Bitcoin refunds we should demand using a trustless multisig escrow in the blockchain to eliminate the risk of a failure to make good on the promises. Hopefully people will learn, and the terms of sale will change. I doubt there will be any positive impact though. It's too easy to attract fresh suckers with Google ads. The expectation should be terms of sale that align your interests with the supplier. When the supplier already has all your money, he really doesn't have much incentive to deliver. It actually costs him money (shipping at least). Paying fully in advance for gear that is not ready to ship immediately is essentially saying to the supplier, "I don't care, do whatever you want, there's no urgency about this".
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ninjarobot
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January 01, 2014, 05:48:14 PM |
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I doubt there will be any positive impact though. It's too easy to attract fresh suckers with Google ads.
This is the problem. Most people buying miners are first time buyers that do not do their homework. As such companies like BFL and HF can stay in business because they feed off the ignorance of newbies. I don't know what the AdWords policy is exactly, but I'd be curious to see what their stance is towards pre-order products. https://support.google.com/adwordspolicy/answer/1331529?hl=en&ref_topic=1310871Your AdWords ads should be truthful, accurate, and up-to-date every time they're shown to users. All advertising claims must be factually supportable. This policy also covers unverified offers and claims that are either scientifically impossible, or otherwise misleading to users.
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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January 01, 2014, 05:52:38 PM Last edit: January 01, 2014, 06:03:03 PM by Xian01 |
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[And now I have to go figure out how to split all this OT stuff out of this thread. ::sigh::]
Is discussing shipping timelines and company communications of custom hardware vendors really OT? Me defending my integrity is, I think. Ask yourself why you feel your integrity is under attack. There is more-than-likely a legitimate reason you should feel an unhealthy sting of hypocrisy. With respect, all I'm hearing from you, gmaxwell, is excuses for shirking your responsibilities to be good and trustworthy stewards of this community. As it stands right now, a certain advertiser calling this place a "sewer" is not far off base, and there seems to be little desire for our absentee-landlord to spray some Fabreeze around here or clean the place up. The fact that Theymos is ok with advertisers being openly antagonistic to this platform, while exploiting it at our expense, speaks to a cancerous and morally-bereft pathology.
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