- HF (Aug
- Buy your BJ now! In stock! Shipping Oct 20-30! Payments in BTC only. - Me - OK. I'll buy a BJ. Here is 60 BTC
- HF - Thanks! You can totally trust us. We want our customers to succeed!
- Me (Oct 30) - Where is my product?
- HF - There is no product. Did we say Oct 20? We meant Dec 31st.
- Me (Jan 1) - Where is my product?
- HF - There is no product. Did we say Dec 31st? We meant Jan 28.
- Me - If there is no product there is no sale. Can I please get my BTC payment back as per the ToS?
- HF - No. But here is a USD check worth 7.2 BTC (or 4.5 BTC after paying taxes)
- Me - ಠ_ಠ ~Dafuq!?
- HF - Have a nice day! Come again!
Given all this, here are some calculations and estimations, for batch 1 customers.
* Accepting the offered USD refund would mean a ~88% loss. (Or 92,5%, if you have to pay income taxes after your "sold" BTC.)
* According to some calculations (which are hard to make, since the delivery date of the MPP is not known), accepting the late delivery,
and starting mining would mean a ~ 80% - 90% loss.
For those who don't like either of the above two options, especially since we got pulled into this situation by the dishonest behavior of HF, there is a third option: litigation against HashFast.
As I have already mentioned, we have a lawyer, who is managing the mass action case against HF. (For batch 1 customers that have paid in BTC.)
So,
* if you are a batch 1 customer, and you have paid in BTC, and you have not yet done so, you might want to contact "Ray E. Gallo" <rgallo@gallo-law.com>, and ask to join the case.
* if you have already contacted him, and got your contract draft, then you were probably invited the the second t-conf, which was held ~5 days ago. If you would like to continue the discussion, please send me the agreed password (or the pass-code of the t-conf), so that I can add you to the relevant mailing list.
* If you have already signed the contract, you have no further tasks, for now.