Quote from: cedivad on August 30, 2014, 08:58:07 PM

Step 1: Take some sha256 IP, put in millions (not of your money, off course) and make it a reality. Order way more wafers than you actually need, since that wasting money is cool and you need to dominate the market.

Step 2: Package the single die into a 4 die substrate. And don't you dare covering the bare dies with a metal plate or something to help dissipation. Make it the most useless chip ever, by basically putting a kW into a few cm^2. But yes, you can have your favourite trolling arguing that the GN1 is the best chip ever, since that best = fastest. Guess what idiot, I can make you a chip that is 10 times faster than the fastest chip on the market! You only need to dissipiate 10kW from a little more cm^2 this time! AMAZING!

Step 3: If over-storing wafers, over-spending with TSMC and all of that isn't enough, stop shipping orders, raise your payckecks and sleep over the every-minute-more-useless chips, since that you don't give a shit and your best to make them useless wasn't enough.

Step 4: Did I say sleep? Well, sleep. Wait, since that you don't give a shit. You are being paid after all.

Step 5: Oh shit, someone filed for an involuntary (?) bankruptcy, better try to do something to waste even more value. Those useless chips are still worth something after all!

Step 6: Negotiate an impossible deal with an impossible "company", take months to do it, because the chips are better if useless.

Step 7: Take a whole-month-vacation while your lawyers are arguing with the judge that you are not being paid enough money to keep your family afloat (to which the judge answered: "it doesn't compute!"). Hell, if it doesn't compute.

If this isn't a "prepackaged bankruptcy scam", if you really think that, well, I'm sorry, but I can't help you.

Sure, it's so easy to make a 700+ GH/s BTC ASIC that Superstar Chip Designers at Cointerra could barely match 400GH/s. Roll Eyes

It makes you appear foolish when, in your butthurt rantings, you dismiss the technology in the GN chip/protocol. There are at least 2 provisional patents...

Sandgate, Chad, and Uniquify are the best in the business. Cedivad is a nobody who will never design his own ASIC, but loves to put down others' accomplishments.

If this was a "scam" there would be some evidence of that, and the DA would consider filing charges based on the evidence. But that never happened.

This simply a run of the mill high-tech bankruptcy. They happen all the time in Silicon Valley. Many firms must fail so others may succeed. Creative destruction is part of Capitalism 101. Go back to Investdurr University if you don't understand that.

It's trolling to keep calling a nearly successful company a scam, when there is zero evidence of criminal intent or actions.

This is, in reality, a bankruptcy, and it would be more productive to accept that and deal with it as a bankruptcy instead of comforting yourself by reciting the litany of Hashfast sins. Making poor business decisions which doom the company despite its great technology is a boring movie we've all seen before, not a nefarious conspiracy.

Let's repeat: Insolvency and bankruptcy are normal business occurrences. It is not illegal, nor immoral, nor uncommon, for a firm to experience such conditions.

You haters are not going to succeed in criminalizing normal business functions. If risk taking were punished as a form of scam, Silicon Valley would have never existed. If there were evidence of a "prepackaged bankruptcy scam" the creditors would have shown it to the judge long ago.