How was HF supposed to pay for the pre-ordered devices to be built, if they didn't convert the BTC? Magical charity elves? Cargo cult ceremonies?
So if all the BTC was converted in cash to pay for pre-ordered devices, how would they ever be able to provide a USD refund?
They were never able to provide a USD refund for everyone. That was a lie from day 1 just like MPP and everything else.
Is it so hard to obtain the documents that contain the company's expenses? Because I really wonder how can they make so much money simply vanish. I refuse to think that HF spend ~40M$ on chips and board revisions and components.
So based on iCEBREAKER's statement HashFast's customers were not customers but investors as their money was used to develop the chips for the company to sell right?
There is a big difference if HF actually paid for their chips with VC monies instead of preorder customer monies. This is just one of the wrong things about the business model. Much like BFL's...
