Quote from: jimmothy on June 08, 2015, 10:31:54 PM

Quote from: armyof1ne on June 08, 2015, 03:16:00 PM

I'm on the side of the people that got screwed over by greedy, afraid, cowards that used that fear to push an agenda that was in NOBODIES interests.
I understand the failure, i knew how to fix the problem and had the means thanks to investors that saw the opportunity...
Once the petitioners went balls deep, ignoring reason, that was no longer an option.
I'm on the side that got "scammed" by fear and ignorance... Which is the side of every single creditor, whether they understand that or not.
You won't see one single petitioner be humble enough to admit they fucked up... those people are 1000x worse than hashfast ever was...
Hashfast was just terrible management... straight up.
The chips were the only thing they actually did right, which is why this whole clusterfuck is so sad... they had the chance to do extremely well, but stupidity won.

You seem to be implying it's the customers fault that this whole thing went south.

Can you explain what exactly happened to the millions of dollars? I've tried asking Icebreaker, but his best excuse is "adverse market conditions ate the money".

HF collected $15/gh AFTER most of the hardware development was complete and paid for. It should have cost less than $0.5/gh to produce the hardware. Where did the money go?

IMO the lawsuit wasn't the reason HF failed, it was just the straw that broke the camels back. If there was no lawsuit, there would have been another straw. The cause of failure was pretty clearly the repeated negligence/incompetence of management. (and the disappearance of millions of dollars)

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if they were full on balls deep scam, they wouldn't have a functional chip.

This isn't really sound logic at all. What if they started out legit, but because of the repeated fuckups, shooting themselves in the foot, and legal issues, they decided to pull an exit scam via bankruptcy fraud?

PS: to everyone quoting Icebreaker, please do what 99% of everyone on this forum has done and just click the ignore button next to his name. Regardless of the topic, arguing with him will immediately degrade the debate into a shit slinging contest where he will declare himself the victor 100% of the time.

no just a select few geniuses that THOUGHT it was in their OWN best interest to do the petition, it was quite obvious to most that they were wrong.

Sure, how much do you think was put into each board? from factory i'd guesstimate around 1000-1200 a board(including the chip) someone please correct me if i am wrong but they had to make minimums to order, i think the minimum was 5k to 8k? so lets take the low cost... $5,000,000 wasted per revision, Total income about 45 mil or something? 4 bad revisions? 20 mil literally thrown away/recycled...in time and everything including R&D... can you see why i may just be a little mad at the substrate designer and management?

Let me first start with the premise that i thought everyone was made clear of... hashfast was a scam from very conception of the company according to alot of the "special" people in this forum... The fact that they created something that did function goes against the grain of those "intellectuals"
"Exit scam" is entirely different from it being a scam from the get go, unfortunately that is how this whole ordeal started, people called it a scam with knowing 0 facts... except for two things, they haven't received their equipment, and hashfast was quiet.
Tell me, if you were determined to do something, even if you were a complete dumbass, would you still attempt?
Thats exactly what happened when they were forced to act by the petitioners... in the talks i and others made it completely and absolutely clear that they would fight it and this petition would cause nothing but a downward spiral making sure NOBODY gets anything except for the lawyers if the goal was recovery of funds... This was back in January of last year when talks with gallo literally just started. (well, kinda... i think october was the first bit of communication about other alternatives)

I will have to say i hold some form of responsibility to the petitioners, they were made fully aware of what their actions would do... and it happened EXACTLY how they were told... The initial blunders were on hashfast, the attempted recovery blunder was on the petitioners.
if they would have listened to a fairly large group of individuals, they would have had full refunds right now, and there would have been new management and for the love of God, a new board designer...
If memory serves, the signing petitioners are going to be paying a hefty price of fees that will not be provided them from liquidation... This is a small bit of justice for the creditors, but not much.