Quote from: gmaxwell on March 15, 2014, 09:25:33 PM

Quote from: ninjarobot on March 15, 2014, 07:10:52 PM

The bottom line is that money is power.

Well, hey, some of us still have money here, and their 90%-100% losses on HF so far haven't left them broke. Is there some slot where I can insert money and receive justice? I too am unhappy with them getting away with the fraud even more so than my financial loss. I'm willing to double down on my losses if I was reasonably confident that the result would be them not getting away with it, because I'm very concerned with the long term effects on the mining ecosystem if its possible for hardware vendors to freely get away with fraud. What I don't have an abundance of is time.

I was thinking of perhaps funding some bounties for things like most effective community action to prevent others from getting defrauded by hashfast, but I'm not sure I have time to administer it and esp. in terms of figuring how how to convince people that I'm being serious when I say that I really don't want anything illegal done.

BFL got away with a lot of crap, but they never promised full BTC refunds so this is why HF's case is so interesting.

Edit: This is just too good to not quote it for history:

Quote from: HashFast_CL on March 15, 2014, 10:15:09 PM

Quote from: jimmothy on March 15, 2014, 09:41:17 PM

Why did you promise full btc refunds if either:

a. You don't understand the volatility of bitcoin

or

b. You don't hold all btc payments in full in case of refunds.

If HashFast had enough resources to build your machine without your money, we would have simply kept the machines for ourselves and not taken the unnecessary (and risky) step of involving customers.

"Full BTC refunds" means a full refund of the price (which is always denominated in USD) via the exchange medium of BTC.

Unfortunately, the decision of a few disgruntled customers to lawyer up and go the legal route forced HashFast to issue refunds solely in USD.