GMAX was sent a refund check for 105% of the purchase price, but was too pure (IE stubborn) to cash it and thus admit the once-popular 'we-all-deserve-windfall-refunds' entitlement theory is flawed.
I have a written contract from hashfast saying that if they failed to deliver I would receive a full refund of the amount of BTC paid. I directly reached out to Simon Barber to double check this fact, due to the frequent mining scams that had previously happened where there was no intention to create mining hardware but simply to refund "dollars" if Bitcoin appreciated, and Bitcoins if the market moved the other direction. Marc Lowe also confirmed hashfast's refund policies in public. Without those assurances I never would have made a purchase, just as I never purchased from BFL, and the same is true for many other early hashfast buyers.
Yes, I previously noted your resolute fact-be-damned insistence on remaining committed to the formerly popular windfall-providing interpretation of HF's TOS.
But believing in your personal interpretation as hard as you can and stomping your feet won't change the fact windfalls are precluded by common law notions of equity. That's why PMorici's fraud case went nowhere, and after spinning his wheels for a while he finally moved to dismiss his own case! That outcome has been obvious since Ettinger's devastating initial Response to Morici's Complaint. I told you so, over and over.
Any lawyer (who isn't incompetent outside of the narrow domain of IP law) will confirm windfalls are frowned upon by the legal system. "Full refund provided in BTC" means you get back via BTC the purchase price, which was denominated in USD.
This isn't hard. You don't get to reasonably expect all your Bitcoins back 'No Matter What Even If They Are Worth 10 Million Dollars.'
I was disabused of that faulty notion by a bright young law student in about 30 seconds and felt silly for ever having subscribed to such an unbalanced, impossible, self-serving idea. It's been two years and you are still bitterly clinging. What's your excuse? Don't want the lawyer who told you to settle for nothing less than a windfall to be mad at you, for fear of the p-whip?
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It's very fitting that this illegal and obnoxious pattern of behavior brought down the Reddit
Marc has repeated posted my personal information gleamed from hashfast records, including my shipping address-- great fodder for the nutbags threatening my life, no doubt-- If he thought any of my behaviors were illegal he'd certainly be able to begin litigation. Give me a break.The guy traded his reputation for a huge windfall, he has nothing to cry about. No one's reputation is worth anything if someone's reputation isn't trashed if they put it on the line to promote something and that thing turns out to be a major loss for all involved. That is what you paid him for, unless you want to argue that he was paid 3000 BTC for something _other_ than putting a valuable reputation on the line? (such as, say, tunneling funds out of the company?). Besides, regardless of the shenanigans at hashfast, he directly lied to me-- claiming that he was just another customer paid by discounted units, which never shipped leaving him at a loss too-- to try to evade a reputational hit. On that basis alone I don't have any reservation in saying that he's a dishonest coward.
And bringing it back on-topic-- AFAICT, there is NO post on Reddit where I disclose any personal information about him. And the reddit administration already confirmed that the issue in question was the gavinandresen@gmail.com email address.
Cypherdoc was always transparent; he fully disclosed his compensated endorser status at the very top of his Hashfast Endorsement Thread OP.
Asking a potential scammer "are you a scammer?" is not due diligence. Hashfast obviously wasn't a fly-by-night based on the fact its founders had a previously successful start up, physical location in California, contracts with Uniquify/TSCM, etc.
As I already said, Frap.doc desired privacy and is not a public figure, so your frequent mentions of his True Name and associated scam accusations disclosed personal information about him. Of course Reddit will not allow their platform to be used for your witch hunt (and neither should Theymos, who is likewise sensitive about being doxed).
I won't defend Frap.doc doxxing you, that was obviously wrong, although I will note the only reason everyone including dangerous nutbags knows your shipping address is the mass doxxing accomplished by the spectacularly ill-advised and monumentally useless bankruptcy lawsuit. Heck of a job, Brownie!
The hivemind's "tunnling" accusation has been made for over two years and went nowhere in court. Repeating an Officially refuted accusation of a criminal act like tunneling is called defamation. When it's written on the internet, that's called libel. When you post it in a way that encourages mob justice, that's called harassment at best and incitement at worst.
It's not reasonable to believe Frap.doc and Hashfast knew in advance Bitcoin would enjoy a 10-fold price increase and thus conspired to tunnel assets out. 9% is a bog standard normal industry rate for independent sales contractors.
Your claim of tunneling has been demonstrated to be false. It was rubbish all along, just like the 'secret mine' and 'secret escrow' and all the other debunked HF conspiracy theories.
We all though HF had a great shot at success and they came close despite the target moving rapidly away towards the end.
Let's see what cypherdoc actually said, as primary sources are superior to interpretation (unless the interpreter is Peter Wuille).
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The fact that HashFast itself is composed of Simon Barber and his team of 4 scientists makes them a force unto themselves from the development perspective. The fact that HashFast has direct access to the team of 28nm world renowned scientists from Uniquify to design the physical layout of the chip makes them a combined force to be feared. Simon is an academic from Cambridge University and has been involved in the Bitcoin community from the beginning. How many ASIC mining companies have an engineer employed at PARC? He has written a seminal paper on Bitcoin theory and economics which has contributed greatly to our understanding of just what is Bitcoin. He has been working on his proprietary version of an ASIC chip for almost 2 years. I believe this form of long term involvement with Bitcoin, such as I have demonstrated, is critical to understanding how to design a properly functioning chip that will be fast and efficient and deliver to small and industrial miners the return on investment that they deserve.
Eduardo de Castro is their CEO and visionary. He has an MBA from the University of Texas at Austin. As I have worked with him closely over the last 2 weeks, I have come to believe that Eduardo is a man with integrity, driven by the goals and beliefs of a true Bitcoiner, i.e., a belief in transparency, openness, honesty, and hard work. He believes in free markets. I believe that Eduardo's goals are noble and that you will believe this also once he announces publicly his plan for buyer refunds and the Miner Protection Plan.
These two principals are guiding the company's vision to be the best in industry. I happen to think they have a great chance at achieving that.
The HashFast "BabyJet ASIC mining machine will be a first-of-its-kind technology (400GH/s per ASIC chip, significantly less than 1 Watt per GH/s) slated for delivery by late October. Speeds greater than 400GH/s are being achieved on extensive industry-standard testing with 28nm ASIC physical design leader Uniquify. Under 350W power draw. Their goal is to under promise and pleasantly surprise. The extensive testing being done has been consistent, repeatable, and surprisingly improving to extraordinary levels just in the last two weeks alone. And let me not forget one other significant thing; this unit has water cooling. NO MORE NOISE. There is a God!
I have had the opportunity to look into the eyes of the principals involved as well as shake their hands. I have worked with them closely for the past two weeks.
I believe that these people will make a full faith effort to deliver on their promises. Whether or not they are actually able to deliver working units by November, I cant absolutely guarantee.
https://bitcointalk.org/index.php?topic=270363.0
Eduardo de Castro is their CEO and visionary. He has an MBA from the University of Texas at Austin. As I have worked with him closely over the last 2 weeks, I have come to believe that Eduardo is a man with integrity, driven by the goals and beliefs of a true Bitcoiner, i.e., a belief in transparency, openness, honesty, and hard work. He believes in free markets. I believe that Eduardo's goals are noble and that you will believe this also once he announces publicly his plan for buyer refunds and the Miner Protection Plan.
These two principals are guiding the company's vision to be the best in industry. I happen to think they have a great chance at achieving that.
The HashFast "BabyJet ASIC mining machine will be a first-of-its-kind technology (400GH/s per ASIC chip, significantly less than 1 Watt per GH/s) slated for delivery by late October. Speeds greater than 400GH/s are being achieved on extensive industry-standard testing with 28nm ASIC physical design leader Uniquify. Under 350W power draw. Their goal is to under promise and pleasantly surprise. The extensive testing being done has been consistent, repeatable, and surprisingly improving to extraordinary levels just in the last two weeks alone. And let me not forget one other significant thing; this unit has water cooling. NO MORE NOISE. There is a God!
I have had the opportunity to look into the eyes of the principals involved as well as shake their hands. I have worked with them closely for the past two weeks.
I believe that these people will make a full faith effort to deliver on their promises. Whether or not they are actually able to deliver working units by November, I cant absolutely guarantee.
https://bitcointalk.org/index.php?topic=270363.0