Quote from: DeathAndTaxes on December 11, 2013, 08:36:44 PM

Quote from: iCEBREAKER on December 11, 2013, 08:20:39 PM

HashFast hasn't done anything to its early customers except work their asses off to make us the best Bitcoin mining ASIC ever created.

HashFast blatantly lied about delivery schedule. They didn't even have the chips from the foundry until after their "anticipated ship date". HashFast 100% knew from day 1 there is no possible way they could ship in October. Period. They could have been honest and sold rigs for late Dec delivery and a much lower price. But they LIED to their customers so they could charge $12+ per GH/s rather than $3 per GH/s.

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No product is late until it fails to ship by Dec 31.

There was no mention of 31 DEC anywhere on their website, their TOS, the contract, the order form, or the invoice prior to 15 AUG. I have an entire copy of their pre August 15th website and TOS. HashFast lied to customers and then changed the terms after the fact when they realized the existing terms didn't give them an "out" on that lie. They lied because they wanted to sell "Oct delivery" units at Oct delivery prices. They "could" have sold Dec delivery units but that would have required much lower prices.

It is fraud, no ifs, ands, or buts about it.

fraud (noun)
1. wrongful or criminal deception intended to result in financial or personal gain.

They criminally deceived their customers using false claims in order to gain from that deception. Oct delivery was not possible. It wasn't that it was too optimistic, it is IMPOSSIBLE. They knew that, made the claim anyways because $12 per GH/s means a lot more millions in their pocket then $3 per GH/s.

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You of all people know better than to fixate on the most optimistic earliest physically possible (IE initially "anticipated") ship date.

However if you provide an anticipated delivery date which is AFTER your contracted delivery date from the foundry then you have lied. Not meeting a deadline is a different thing than promising a deadline which is utterly impossible. The terms prior to 15 AUG had no mention of 31 DEC. Period. I have filed for arbitration. I will never profit from that, the cost will only mean a larger losss but it is the principal of the matter. They committed fraud to enrich themselves at the expense of their customers.

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Man up and take some personal responsibility. You don't get huge potential reward without commensurate risk.

Doesn't change the fact that HashFast lied to their customers to overcharge for products they had no ability to deliver. They increased their selling price 400% at the expense of the customers they lied to. The fact that you defend them makes you a tool.

+1
Well said, please crosspost this to the HF thread.