Quote from: Puppet on May 24, 2014, 02:24:13 PM

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Peppermining, as per allegations, is buying them at $0.38/GH. Unloading 40k chips at that price would make everyone happy, but I don't think it's gonna happen. We need money and to make boards, and we need to make it fast. And we need that trustee, too, fast. I don't think I will be able to stand to listen to their lawyers lies for long.

If you dont have money, but you do have working chips and a working board design, the solution seems rather obvious; go the asicminer route, and supply chips and license your boards. To be fair to hashfast, that seems to be what they are doing lately.

If you erased all the debt off the books and screwed everybody here except those looking to profit from the carcass, then that plan would possibly allow Hashfast to go ahead as a viable business.

The problem is that, well, it screws everybody here. Except those looking to profit from the carcass (or who are already feeding on the dying beast).

I'm not against turning the chips into boards, I'm just against turning the chips into boards at the expense of the creditor, especially the small ones.

And anybody that engaged in kickback deals with Hashfast must expect the size of their claim to be reduced by at least the amount of the kickback they agreed to provide Hashfast.

So, ah, say take your liquidbits kind of guy. He bought 7500 chips (2500 sierras x 3 chips each). He promised to give 25% of the income to Hashfast.

So if we're divvying up the chips like this, in my estimation his legitimate claim is to around 5625 chips (7500x.75), less whatever he received.