Quote from: cedivad on May 23, 2014, 11:06:50 AM

Quote from: Entropy-uc on May 23, 2014, 07:35:00 AM

Read the filings. Liquidbits had a restraining order controlling nearly all of the supposed chip inventory.

I did read the filing. Their emergency arbitrator and the restraining order for 30k chips because of the previous contract, but since that HF had a total of 30k chips, I don't see how they could have paid them as if they were the only creditor.

Another question is, liquidbits paid 2400$/sierra. Is that a legitimate price, while everyone else paid 6k or more for the first batch of sierra (batch 2?). The trustee has the power to scratch that contract.

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So liquidbits wants to liquidate the 30k chips for a bargain (like $3M) and buy them, since that they had everything ready. They don't have any interest to bring their investment inside the company and share it with others, they will rather liquidate it and handle it themselves.

That, and another detail I'm still waiting a confirmation of, makes me think that we have a damn problem ahead.

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The emergency arbitrator order: http://hashfast.org/14-30725.12.pdf
So basically HF 1) didn't want to deliver the chips and 2) didn't want to refund them immediately because 3) it would have resulted in them filing for a (voluntary) bankruptcy petition.

-8 hours to the hearing, that is public, so maybe someone could give us a report.

hmmm, i was unaware of this one, isn't that technically worth between 24-12 petahashes of power? wouldn't that kinda break bitcoin if they were all brought online at the same time? over the 50% mark right?