Topic: Cointerra is dead - page 2. (Read 5690 times)

From what I understand, HashFast dug their own grave when they lied outright to customers about delivery dates - something about promising on-track up until the day they busted their deadline, and didn't mention to anyone that they were actually two or three months behind schedule (at best)? And also retconning customer terms to change refund policies?

For the record, I have never had anything invested in either Hashfast or Cointerra. I just think it's interesting that a business would continue operating for months on someone else's (unwitting, unvolunteered) dime without saying a word about it. Sure, the investors might have prior claim over customers. But you do not extract services from someone at a realtime rate knowing you will not be able to pay for those services. When you have debts from willing participants, you do not incur more debts from unwilling participants to cover them. You meet your contractual obligations, and the instant you know you will not be able to do so, you discuss the situation instead of fleecing. There were definitely things they could have done to avoid looking evil, and it appears they didn't attempt most of them. That's why people are shouting "scam".

Also for the record, you will never ever see me defending either casinos or cloudhashing operations for any reason. And people would probably hate you less if you were more polite instead of obnoxious or inflammatory. Make your point, make it well-formed and logical, and make it without namecalling. Insulting the immature means acting immature yourself, at which point you lose the higher ground.

The problem is that you don't know what you're talking about.

^That^ statement isn't childish mudslinging.  It's the fact that secured creditors have priority over other creditors, including your oddly precious hosting provider.

"Scam" or "poor planning" aren't the only parsimonious explanations.  Bad luck/business conditions is another simple and common reason high-tech start-ups fail.  Ask any bankruptcy lawyer and they will agree.

The insults are due to those who would be praising Cointerra if their mutual gamble had paid off only deciding to start whining and accusing because they are too immature to demonstrate good sportsmanship and accept a loss.

Hashfast was the first victim of such defamation, and I was the only person who stood up for the truth.  For this treasonous offense against the herd mind's popular opinion, I was pilloried (which I took as a badge of anti-sheeple honor).

Now that BTC is crashing farther, many other honest ASIC/cloudhashing vendors (formerly praised as All Stars, etc) are getting the same unfair treatment from the haters.  It's despicable.  You don't get to conveniently decide the casino is a scam after enjoying the gals/glitz/drinks/entertainment but then losing a long-shot gamble.  If you start loudly denouncing the casino as a scam only because you pressed your luck too far, they will bury you in the desert.  And rightly so.

You know what else gets old? Childish insults and mudslinging (and before you retort, yes, I know the most recent reply contained neither but that seems to be a rarity). Say what you will about the good intentions of a business hoping for a bright future and high coin prices, anyone that skips out on a $50K hosting bill (among other things) while withholding mining revenues from paid customers is doing something very wrong. I'm sure their investors are saying the same thing.

Additionally, coin prices haven't been at $1000 in 13 months. I'm sure they weren't relying on prices being that high any time in the last year, what with there being an almost monotonic decrease in coin prices during that entire duration. It may be an outright scam, or it may be the result of poor planning, but what most people should be able to agree on is their financial behavior over the last few months is unacceptable and looks to be deliberately self-serving.

Did you actually expect CT to cover the development costs, take all the risk, and only pass the profits on to you?

I believe that you are feeling sorry for yourself and making stuff up to justify wallowing in self-pity.

Because so few pre-orders were sold to consumers, CT's investors bore most of the R&D costs and server farms.

If the price of BTC had stayed at $1000 or shot to the moon, you would be singing their praises for the magic money printing machine they sold you.

These after-the-fact retroactive scam accusations against honest companies are getting really fucking old, and make those making them look like spoiled bratty sore losers with an awful case of entitlement syndrome.

I agree with you on that, they were never designed to be used in a home environment. I believe that CT only sold product to us poor suckers to cover the development costs and to finance the cost of building their own server farms ...

I just don't accept the public line that's been fed since... Well, forever it seems but goes at least back to the late 1800's for the current bullshkt.

As for ct, there product was on life support when it left the door! Even with delta fans! They fucked up. Ours (4 left of 6, 2 are totally dead!) Are in mineral oil instead of using air cooling now just so they stay alive! There fucking shocking! Even bfl wasn't that bad! Well, the monarchs seem shocking but who the hell brought off bfl after late 2012 deserve what they got for not doing their own research! Hell, even the knc titans and neptune cubes are a pain to keep running.

Fact is, they are selling faulty hardware that is not home friendly. But that was never their aim was it! Farms on the other hand!

Masons?  Royals?  Chem trails?!?  The Bermuda Triangle?!?!   

 

Could you possibly be more unhinged?  I hope so, because that would be even more entertaining.

You're totally wrong about me.  Long before I supported Ross Ulbricht, I supported Marc Emery.  And I have direct shares of AM from the original offering.

CT did nothing wrong.  Sorry you can't accept that, and have to go full paranoid when confronted by the facts.

RIP scum bags

Are you a mason? Kiddy fiddler? Or just that dumb you would defend the royal families of the world as well as the Vatican? Lol

Seriously dude. There's 2 companies to trust in this industry and they are both chineese. Says all you need to now about the west! Greed! Just pure greed which makes these scammers. They had a plan from the start. Period. Anyone who as worked in large companies are polluted. I'm just watching a company fall to pieces in 6 months because of a new gm that game from amazon. Less than 6 months and he's killed it infact. Can't say who but they deal with mobiles in the UK and do work for all the companies over here. Destroyed from the inside.

Theirs a bigger picture that you refuse to see. I suppose you think Ross albricht should rot in jail and you miss the point that this is about your right to free speech/internet freedom etc etc.

So many blind people who don't want to get their heads out of the sand and see reality. Yes, its fucking ugly but at least its real! Knowing is the first step!

Yes, that's LITERALLY EXACTLY what I said!
 

Your right,fuckin customers that expect ANYTHING are to blame,dirty greedy customers!!!!!!!!

 

Oh good, it's a member of my fan club!   

Since I've never defended BlackArrow (or Bitmine, or BFL), what are we to make of your claim that I am a "defender of all the failed miners?"

How convenient for you to put words in my mouth, and ignore my actual statements.

We all know why you prefer to personalize the discussion rather than debate the relevant interplay of risk, reward, and business conditions in the BTC ASIC sector.

The puerile attempts to heap undeserved blame and scorn on honest ASIC vendors, in order to absolve customers of responsibility for making risky investments, are getting old.

Oh, look, icebreaker again. Let me guess, he's coming to the defense of CT. Icebreaker, defender of all the failed miners. Who's next on your list? Going to go defend BlackArrow next?

Late or not, a "scam" doesn't create a 28nm ASIC and (eventually) ship the product ordered.

Cointerra acted in good faith and is not responsible, legally or ethically, for adverse business conditions such as a crashing BTC price.  You don't get to retroactively assign malfeasance based solely on ex post facto factors the business has no control over.  That's not how it works.

If you can't tell the difference between a "scam" and an unsuccessful firm/investment, you are either very young and inexperienced or incredibly stupid.

Aerobatic will tell you the same thing, albeit in more polite/less direct (AKA patronizing) words, such as

https://www.wordnik.com/words/caveat%20emptor

Speculation based on the timelines published. It would have still been a simulation at this point.

So your saying I was wrong! Add me on ignored, your loss!

Hard to say years' worth of anything with a two-month-old account.

Optimistically, CoinTerra was hoping for a miracle that would allow them to pay the overdue bills and keep moving forward with 16nm dev and other projects. Pessimistically, they cashed out every revenue stream they could find and started booking flights to non-extradition countries with suitcases full of money. Realistically, probably somewhere in between. I'd say "let the courts figure it out" but didn't the courts just recently rule BFL offically "not a scam" and put them back in business?

If only I had listened to you all these years.
Another for my ignore button. Two in one week. That's a pr.

Suppose he supports bfl as well hey! Jump off a cliff and die youth!

This is bullshit! Come on people. Wake the fuck up. 80% or more of people involved in btc are scum! At least realise that will you! Cointerra, knc, bfl, amt, black arrow to name a few!  All same tricks and cons! Been sayingg this for years but no one listens!