Terrahash accepted pre-orders for ASIC mining hardware.  Terrahash failed to deliver the ASIC miner I purchased from them or return my money so I sued them.

My legal case against Terrahash was heard this past Monday.  Terrahash failed to show up after being properly served.   The judge asked to see my receipt and then asked some questions before awarding me a judgement for $10,000 plus court costs.   The fact that my receipt was denominated in Bitcoin was a non-issue.

Contrary to popular belief there is legal recourse when making payments with Bitcoin.

You will probably see no single penny/bitcent

Nope.  One way or another I am going to monetize the judgement.  Worse case is I write off the judgement as un-collectable debt on my tax return and use the loss as an offset.  The judgement is sufficient documentation in case the IRS decides to challenge the write off.

One way or another I'm going to monetize the judgement, but not for pennies or bitcents, for dollar$.    Worse case; I'll write off the $10,000 as un-collectable debt on my tax return and use it as an offset.  If the IRS decides to challenge the write off the Court's judgement is sufficient documentation to support the claim.
 

Grats and thanks for your report


I see