If HF didn't have "work ethics" they would have not satisfied the 'best effort' standard required to stay out of Chapter 7 and remain in Chapter 11.
So their "best effort" lead the company to go bankrupt while leaving thousands of customers with nothing after they paid a premium for non-delivered products. What about funding the company before turning to pre-orders or after that? I haven't heard of anything like that. Doesn't sound like a "best effort" to me, but hey it's ok since cypherdoc looked them into their eyes!!!
HF said they were teaming with Uniquify to build a 28nm 400gh/s ASIC and that's what they did, before going bankrupt due to the same combination of price and difficulty changes that caused Cointerra (and other companies that didn't even manage to build a chip) to fail.
What does "teaming with Uniquify" means? I thought Uniquify didn't helped because HF failed to deliver the chips on time. How did this teaming worked? Did HF paid Uniquify anything? If yes how much and what did they deliver? Could they do it somewhere else cheaper? There are many unknowns in this teaming so you shouldn't talk about them doing "best efforts" if you don't also prove it. Please correct me if I am wrong.
Please don't give the Cointerra example which is another US company which used the same strategy of over-marketing their products while failing at technical skills and failing to deliver.
Why don't you give other examples as burnin who managed to deliver damn good products while being a single person without any marketing or AM which again had very little marketing or Avalon, again no marketing or BITMAIN who managed to raise funding and came to the market directly with the product or KnC which even if they had medium marketing at least they had a 10 year experience behind them.
The good examples are out there, but you choose to ignore them because you are a scumbag and you like it rough in the ass just like cypherdoc.
If BTC had gone to $10k or even stayed at $1k, cypherdoc would be a hero for visiting HF in person and reporting back to us. Don't put all the blame on others when gambles don't pay off.
No. If BTC had gone to $10k or even stayed at $1k HF would still fail and go bankrupt or at least they would've went BFL way where everyone was avoiding them. Their utterly fail to deliver on time and on spec has nothing to do with the exchange rate, only with refunds and customers ROI. They gathered $50M and they failed on every aspect that they could fail. Again please correct me if I am wrong.