Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
iCEBREAKER
on 09/09/2014, 21:35:45 UTC
Fact: Hashfast promised BTC refunds.
Fact: Hashfast refused to honor BTC refund requests.
Fact: Hashfast cannot be trusted.

The correct course of action is to involve the lawyers.

Fact: You foolishly chose to believe in a self-serving zero-risk interpretation of the BTC refund clause, which is an economic impossibility.
Fact: BTC suddenly went from ~$100 to ~$1000, and only an greedy idiot would actually expect a 10x windfall at HashFast's expense because of that.
Fact: HashFast was converting MPP and backorders to raw chips, when the bankruptcy filing short-circuited that process.

The correct course of action was allowing the firm to recapitalize and resume their normal course of business, not burning it down and giving the ashes to lawyers.