Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
iCEBREAKER
on 10/09/2014, 00:13:37 UTC
The offer for refunds was made at the end of a long period of ~$100 price stability.  The spike to $1000+ was unexpected and unfortunately timed for those of us who had just used BTC to purchase ASIC pre-orders.  Sorry you didn't get the 'windfalls are not legally actionable claims' memo months ago, like the rest of us (who wish they were not).

This isn't some politician promising to end poverty and failing to accomplish that promise. This was a crucial term of sale. HF had no right to break that term of sale simply because it was "inconvenient" for them.

Our wishful thinking aside, it's a matter of possible vs impossible.  They simply didn't have the money to pay out tenfold windfalls after spending millions to build chips/boards/systems.

No lawyer would ever take a case demanding a tenfold windfall.  Do you know why? 

Hint: everyone else on the thread found out the answer months ago!