Quote from: 2112 on August 29, 2014, 06:31:12 PM

Quote from: BitCoin Operated Boy on August 29, 2014, 02:37:31 PM

I'm sorry for saying this but 95% of the posts here are just pointless debates or pseudo-intellectual masturbation which doesn't bring any coherent and valuable information to the subject of "receiving our money back".

"receiving your money back" event will not happen, but there is still an useful purpose for continuing this discussion.

You could consider money paid to Hashfast a prepaid tuition in the school of hard kicks. And the CRO a dean of the curriculum on how to recognize a long con and how to avoid similar scams in the future.

I understand that the majority of Hashfast buyers/investors were simply compulsive gamblers (or compulsive investors), and for those continuing this thread is really a waste of time.

But I think I recognize many people who simply were naive and Hashfast simply took advantage of their naivete and giddiness after the (then recent) gains in the price of Bitcoin. Those are the people who skipped the boring accounting classes where they anesthetize students with stuff like http://en.wikipedia.org/wiki/Letter_of_credit .

I know that the school of hard kicks is unfair: only a few people paid the tuition but many more students can audition the coursework for free from the sidelines. Personally, as an non-paying student, I just want to learn some details on how to run a prepackaged bankruptcy scam in Silicon Valley. I'm also hoping to learn if cypherdoc was a paid roper who knew what he was doing or just another giddy naif.

When a risky high-tech Silicon Valley runs out of money and declares bankrupcy, it's a common and perfectly normal event. Likewise for older and bigger firms.

No "prepackaged bankruptcy scam" would produce a chip like the GN1, which at well over 700GH/s is still by far the fastest BTC ASIC on the planet.

But yes, if you honestly believe buying a pre-order for a magical internet money generator (regardless of manufacturer) is a low or zero risk proposition, welcome to Investderr University.

Let's focus on how best to deal with the situation, not cry over spilt milk.

It took a year for Atari's plan to be approved, so lack of apparent progress in these matters is not unusual.

http://www.gamasutra.com/view/news/206388/Ataris_bankruptcy_escape_plan_is_courtapproved.php