Post
Topic
Board Hardware
Re: Troll free thread about the progress of HashFast's bankruptcy
by
perezoso
on 02/08/2014, 14:54:50 UTC
Feels better in here.  I have a lot of paperwork to catch up with, though.  

The testimony I've read so far makes me pretty sad.  Such poor financial decisionmaking.  Again. And again. And again.   Yet Eddie is articulate and thoughtful.  What a contradiction.

The picture so far is that as soon as money came in, out it went again, with effectively no consideration of the value received by HF for that money from its suppliers, contractors, etc.  As if Eddie and Simon believed the money was going to just keep coming to Hashfast forever, so there was no need be judicious in their expenditures.

But maybe that's not the whole truth.

I want to know more about Eddie's disappearance.  I understand that he had a harrowing experience with the fire, but I haven't seen any real explanation for his apparent personal financial meltdown (did he keep his money in a burned up cookie jar?) and his absence in the period during which he blames bad decisions on Simon.  Did he have some sort of mental breakdown?  Why was he gone?  If he had genuine medical issues, that's fine, I wouldn't begrudge him that.  An explanation would seem in order, though.