Quote from: RoadStress on January 03, 2014, 08:13:35 PM

Quote from: xstr8guy on January 03, 2014, 07:58:38 PM

Quote from: gmaxwell on January 03, 2014, 07:28:46 PM

Quote from: xstr8guy on January 03, 2014, 07:18:41 PM

It doesn't matter what your ToS said at the time of purchase, no one is going to be refunded 50-60 BTC. It's absurd to even wish that could happen. You're going to get $5600 (or whatever you paid in USD) back and that's it.

Where were you when they were claiming thats exactly what they'd do? I don't recall any posts from you on it then. I suppose you are not actually a HF customer and instead bought from their competition without these "absurd" claims, at 1/5th the price?

Why do you think it absurd? If they'd collected the coins and sat on them after all, they say their fabrication was paid for by investors not by spending preorder money then they could easily return them.

Or do you mean its absurd in that they're now sitting on millions of dollars of other people's coins which they obligated themselves to return but can plausibly escape doing so without consequence because of the cost of a legal fight and the possibility of them spending themselves into bankruptcy first, and so it would be "absurd" to honor their agreement? Is that what you mean?

What's absurd? That anyone believes that they sat on millions of dollars of BTC without exchanging them for USD. Sure, maybe development costs were initially covered by investors but where has the money for materials and salaries come from? And HashFast would probably bankrupt then selves if they tried to refund even 25% of their sales in BTC.

And no, I'm not a HF customer. I'm just a curious bystander and ASIC enthusiast. Does that mean I shouldn't have an opinion and can't post here or something?

But they promised BTC refunds. It's not customers fault they promised such thing. Customers didn't force them to promise BTC refunds. It was their retard marketing scheme to bring customers who just blew up in their face. How would you feel to pay for a product with some kind of insurance and then get 0 product and 0 insurance. I bet you wouldn't like that.

And Obama promised that, "if you like your healthcare plan you can keep it". Try suing him on that statement. Just because there was a promise does not mean that entity will keep the promise. If a corporation knows they can make money with a false promise, or by not keeping a promise then they will do just that. HF has millions in coin, their most profitable move is to launder that coin and allow HF to go bankrupt at least in the short term. By the time the legal system catches up the money will be long gone.

As a BTC paying customer you cannot just trust any entity you are dealing with. It would have made more sense for HF to partner with an escrow service so that it could be verified the coins for the miners were actually being held but alas this did not occur.