HashFast announces specs for new ASIC: 400GH/s - page 9.

cedivad

legendary

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That's what the law allows them to do. And btw, those claims will probably have a higher priority over ours.

Quote from: 29750f0e1c2fbb3bb on May 14, 2015, 12:05:29 AM

HF units are continually failing. A request for RMA with CoolIT failed, quoting a "special agreement" with HashFast. We requested a copy of that agreement, but it was not provided and we were referred to HashFast. It must be assumed that CoolIT is not interested in providing a warranty service on their product. The mining operator is working on salvaging third party parts to create low cost solutions to revive some of the HashFast units, which according to the operator is a slow but successful process.

So they paid those coolers at market prices (!!!) and yet they were able to sign a special no-warranty agreement.

Take that and apply to everything else this ~~company~~ well oiled group of scammers did...

itod

legendary

Activity: 1974

Merit: 1077

^ Will code for Bitcoins

Quote from: AussieHash on May 11, 2015, 07:19:08 AM

This 3 document pack contains a list of unsecured creditors with names and amounts,

...

Simon Barber

John Skrodenis

Edward DeCastro

Edwardo DeCastro

Edwardo De Castro

I know this is not the point of your post, but let me get this straight: Barber, Skrodenis & DeCastro applied the claim to the court that HashFast owes them money?!?!? Isn't this a bit too much?

armyof1ne

full member

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Did someone say something about 5 dollar wenches? alright! Roll Eyes

AussieHash

hero member

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So the price of $5 wrenches is about to go up.

dhenson

legendary

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Quote

...

It's basically a list of addresses where you are likely to find cold wallets of early(ish) bitcoin adopters.

AussieHash

hero member

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Merit: 500

I assume by now everybody has received correspondence from Baker & Hostetler LLP

It seems like an extraordinarily stupid deliberate breach of privacy and one big doxxing to me !

An A4 envelopes containing 3 documents,
https://i.imgur.com/JhCSFke.jpg

and another A4 envelope containing 1 document
https://i.imgur.com/uYtsIWX.jpg

This 3 document pack contains a list of unsecured creditors with names and amounts,
Mr Craig B $512,960 and Liquidbits Corp $5,364,725 -- ouch

It also contains a list of "recipients submitted to the BNC", with lists 766 firstname, lastname and addresses.

The 1 document pack appears to be 32 pages of Avery labels printed on A4 - it contains the postal addresses including

Cypher Enterprises, LLC
Attn: Robert B########## III

Cypher Enterprises, LLC
c/o: Robert J. B######### III

Luke Dashjr

Liquidbits Corporation

Gregory Maxwell

Erik Voorhees, Bitcoin FTW

Paul Riley Verne

Simon Barber

John Skrodenis

Edward DeCastro

Edwardo DeCastro

Edwardo De Castro

A Similar but incomplete list shows up on this google found document (fewer names, different addresses)
http://s3.documentcloud.org/documents/1355368/hashfast-claims-index.txt

Bicknellski

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Activity: 924

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Quote from: pmorici on May 06, 2015, 06:42:35 AM

Quote from: cedivad on May 05, 2015, 11:05:22 AM

I didn't see this posted here before:

http://trilema.com/2014/hashfast-or-why-the-fiat-legal-system-doesnt-actually-exist-and-doesnt-actually-matter/

That guy comes off as a raving lunatic.

Racist bigot. Very intelligent racist bigot.

dropt

legendary

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Quote from: pmorici on May 06, 2015, 06:42:35 AM

Quote from: cedivad on May 05, 2015, 11:05:22 AM

I didn't see this posted here before:

http://trilema.com/2014/hashfast-or-why-the-fiat-legal-system-doesnt-actually-exist-and-doesnt-actually-matter/

That guy comes off as a raving lunatic.

How have you not crossed paths with MP yet?

pmorici

sr. member

Activity: 479

Merit: 250

Quote from: cedivad on May 05, 2015, 11:05:22 AM

I didn't see this posted here before:

http://trilema.com/2014/hashfast-or-why-the-fiat-legal-system-doesnt-actually-exist-and-doesnt-actually-matter/

That guy comes off as a raving lunatic.

pmorici

sr. member

Activity: 479

Merit: 250

Quote from: dhenson on May 06, 2015, 01:01:54 AM

Quote from: pmorici on May 04, 2015, 08:28:03 PM

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

I'm not certain that the decision was as cut and dry as that. Ask yourself, "who continues to profit if we vote Yes?"

If you have a specific objection why don't you just come out and say what exactly you think is wrong with the plan.

dhenson

legendary

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Quote from: pmorici on May 04, 2015, 08:28:03 PM

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

I'm not certain that the decision was as cut and dry as that. Ask yourself, "who continues to profit if we vote Yes?"

pmorici

sr. member

Activity: 479

Merit: 250

Quote from: Bicknellski on May 04, 2015, 09:35:13 PM

Quote from: pmorici on May 04, 2015, 08:28:03 PM

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

What about ICEBREAKER... is he being sued? Doesn't he have some BTC in his hot little shill mitts?

No, as far as I can tell Icebreaker is just a nobody with a big mouth who was paid a mediocre salary and nothing else. He filed a outrageous claim that he is owed a large amount of money and that probably will be disputed since there is no factual basis for it.

pmorici

sr. member

Activity: 479

Merit: 250

Quote from: notabtcnuub on May 05, 2015, 10:14:43 AM

To get the $3M from insurance, it looks like it will take $500K to litigate. Any ideas where this money is coming from if they can't even pay the current legal bills? Is there enough money left to go after Cypherdoc?

Quote from: pmorici on May 04, 2015, 08:28:03 PM

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

For starters a some of the work as already been done (ie: the lawsuit against CypherDoc was filed a while ago) and is included in the legal costs that have already been incurred. They could also make a contingency deal with what ever lawyer they hire to see this though. In other words they only get paid if they win.

cedivad

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Activity: 1176

Merit: 1001

I didn't see this posted here before:

http://trilema.com/2014/hashfast-or-why-the-fiat-legal-system-doesnt-actually-exist-and-doesnt-actually-matter/

notabtcnuub

newbie

Activity: 20

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To get the $3M from insurance, it looks like it will take $500K to litigate. Any ideas where this money is coming from if they can't even pay the current legal bills? Is there enough money left to go after Cypherdoc?

Quote from: pmorici on May 04, 2015, 08:28:03 PM

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: pmorici on May 04, 2015, 08:28:03 PM

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

What about ICEBREAKER... is he being sued? Doesn't he have some BTC in his hot little shill mitts?

pmorici

sr. member

Activity: 479

Merit: 250

Quote from: notabtcnuub on May 04, 2015, 04:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

notabtcnuub

newbie

Activity: 20

Merit: 0

So does it matter whether this proposal gets approved or not?

Quote from: dhenson on May 04, 2015, 03:40:01 PM

Quote from: aasl on April 19, 2015, 11:12:07 PM

what is the recent update? I have not received any court file lately.

Basically, they are voting to liquidate and all assets won't cover lawyer fees.

Unsecured creditors (us) are shit out of luck.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: aasl on April 19, 2015, 11:12:07 PM

what is the recent update? I have not received any court file lately.

Basically, they are voting to liquidate and all assets won't cover lawyer fees.

Unsecured creditors (us) are shit out of luck.

notabtcnuub

newbie

Activity: 20

Merit: 0

Did you finally get contacted? It looks like they delayed the proposal vote by 2 weeks because the initial mail out excluded a bunch of folks, like you.

Quote from: starsoccer9 on April 15, 2015, 08:24:18 PM

hmm should I be concerned that my name doesnt appear on the latest list of money owed?

Is there anyway to contact them and ask them why my name does not appear

Topic: HashFast announces specs for new ASIC: 400GH/s - page 9. (Read 880461 times)