Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 175. (Read 529096 times)

Just disputed my pre-order deposit through Discover, they had no problem doing the charge-back after I explained the situation. They said unless the vendor can provide them with a tracking order for shipping, with my signature, then I am not liable for the charge. Screw your criminal terms and conditions Alpha Tech. I really didn't want to have to do this, waited until the last minute for you to provide *any* shred of evidence you might deliver, but it's gone too far now and once you declare bankruptcy which is what I honestly believe is what will happen in the end it would then not be possible to reclaim via the CC company. Sad that this didn't work out, but I guess in hindsight not surprised. Lesson learned. Good luck everyone else!

IF they are LEGIT they are at least doing the above to hedge bets in case they are late...imho they can "hope" people will pay the last 70% under new terms and with no
paypal and cc protection on again the "HOPE" they will do so rather then lose ALL  of the 30% deposit....said customers have already invested (ie if we have enough 'sheep' we still may pull this off theory)

and the above is the BEST CASE example in my view of covering their butt if they ARE still really trying to get a product out in some manner (even if late)..ie this is the "rosy picture"

if the above is incorrect and they are not just being 'scammy' from the above viewpoint.then we are truly and royally screwed...if the plane is going down and is "unflyable" the changes of the TOS and the lack of cc payment etc are just a process of preparing for the alpha-t investors to 'bail out"

in other words the plane is going down and the pilots have already 'bailed out" we are left with a crashed plane and the complete loss of $$$ in all this ie alpha files for bankruptcy and personal assets under such are protected..and customers eat all the losses

either of the above is (understatement) not good imho if I you find yourself 'praying' for option #1 cause you already paid in full

on a side note paypal now has a flag up on my amex chargeback saying they too are investigating ..which imho means I"m likely screwed...me thinks amex and paypal are fighting this out in some manner...i did not make a dispute..so my guess is amex said it was fraud and wanted charge back from jan 2013 (this late date) and paypal is gonna fight it (likely because they can't get any money out of alpha anymore)

well at least it seems amex is "trying" to fight the good fight on my behalf..but I've dealt with paypal before on disputes with BFL they will squirm out payment is my current guess

again I'm a mushroom in all this covered with sh*t and in the dark...probably better this way...if I'm gonna lose on this better amex does all the work then me yelling at people for 6 weeks...

if for no other reason then that i'm grateful to amex.....it is all so frigging 'predictable' these days consumer has beef with corporation ..lots of hoops to jump thru and noise....never any doubt at the end that the corporation would win in the end anyway

I am on encouraged by any of the above anyway I'll again let you know how this all turns out in (jezz 4 more weeks yet probably sh*t)

Searing

well in their religion ramadan starts today and if he lies during this month, or should i say that with every additional lie he tells, then according to his religion he will be in one deeper hell. I have a feeling that at the end of it he will outhrow the devil himself

Batch 1 full payments should have been made by now . There  is nothing else they can get at this stage since they have no working product and no one will give them more money .
They are getting ready to bail out ! Place your charge backs ASAP if you have a CC payment through paypal it is your last chance to get your money back !

So … is the consensus conjecture here that Alpha-T may be purposely delaying doing a deal with a payments processor so that they can run out the clock on the refunds (per new terms) or is it that they can't get one because of some unspecified problem with their company ?

And that additionally they are now changing terms on the sly, suppressing difficult questions on their forum, and erasing evidence/covering their tracks on the major crypto-coin forums by removing their posts and accounts, and on their own website by removing their photos ?

If this is all true, what is likely to happen next ? Alpha-t website goes dead ? Phone disconnected ?

How is this story likely to end, and when … end of July ?

Is this all just a bad dream ? Will they deliver a working product in a few weeks ?

Join us tomorrow for the next episode.

I hope for your sake and others that everything goes well.

I'm pretty sure you already DID lose 10k. 
I have to ask, because I am sincerely curious what goes on in someone's mind when they do something like this.  What were you thinking?  Even if this company had turned out to be legit.  Even if they had turned out to deliver somewhere sort of near on time and on spec.  Even if everything had worked out perfectly, this was still a HUGE gamble with a substantial chance of losing money.  Why would you gamble money you couldn't afford to lose? 

Fiaz: "After feedback from the foundry we now know our chips will perform at a minimum of 1.4 M/hs, we originally advertised 1.2 Mh/s as the lowest possible fully expecting some manner of increase."

Is it possible that foundry manufacturing wafers can make that kind of statement?

Oh man, I'm sorry, I think it's going to be really hard to get your BTC back.

i can not loose 10k, if they cant deliver my asic then refund the total in current btc value.i sacrificed starting a company for this and my money is frozen in this asic for half a year...

Lol really?  After all this you seriously think there is a working anything?

i orderd the large thing for 9371 usd and this thread is scaring the shit out of me

Please show us a working prototype

I hope you guys are collecting all the before and after screenshots.  I have a sneaking suspicion that they may be needed in the near future.

Hey guys, I just noticed they removed their photos from the website: https://alpha-t.net/about-us/team-2/

Here's the wayback snapshot from a couple months back: https://web.archive.org/web/20140210074928/https://alpha-t.net/about-us/team-2/

They were there not 2 days ago.

Image:

Haha, wow.

As if folks needed any more evidence that something is amiss, this is a clear sign that something isn't going well.

Their company seems to become less trustworthy every minute.

You should also be aware that Fiaz has just deleted his account and removed every single post he has on litecointalk. Exactly what he did here a few days ago.

This is his former profile on litecointalk:
https://litecointalk.org/index.php?action=profile;u=24384

And on bitcointalk:
https://bitcointalksearch.org/user/fiaz-alphatechnology-220493

So he has now attempted to remove all traces of his posts on both of the major crytpocurrency forums. Not what you would expect from an open and transparent company is it?

So this is the latest nugget from Fiaz on the Alpha forum.

Forceflow

"Thanks for your answer.  I am glad the changes are not retrospective.  As far as the hashrate increases, I am well aware you didn't have to do anything other than deliver a 25Mh/s miner but that is not what is currently being promised now.  You gave everyone 2 weeks and these changes are not specifically listed as prospective.  While some may not believe in questioning -- I thought that was the point of this forum.  If you don't like to read it, don't.  Its not hard."

Fiaz

"Come on now even 1 week is MORE than enough time, how many months has it been since we took deposits. My point was EVEN IF we went back on our word of 2 weeks and promised 1 week that wouldn't be close to 'VERY SHADY'"

So Fiaz thinks going back on your word and giving customers HALF of what you promised them "wouldn't be close to very shady" Nice to see exactly what Alpha's promises are worth.

This only strengthens my belief that Alpha tried to slip these changes past their customers, hoping no one would notice. Only after they were publicly outed did they begrudging concede that these surreptitious changes would not be retrospectively enforced. Although you only have Fiaz's word and I wouldn't hold much stock in that.

Is such a disclaimer even allowed by the law? Literally it means that Alpha's customers have no rights at all - only duties divided by obligations.

Alpha-T reminds me of a joke about countries whose constitution is written in pencil not in pen, changed every day to suit the needs of the ruler.

I will be suing Alpha-T and this Fiaz as a personal lawsuit not as a member of a company, I will make him personally liable so he goes to jail not pays a fine.