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Topic: Off-Topic - page 52. (Read 384423 times)

legendary
Activity: 2198
Merit: 1000
September 20, 2013, 09:36:52 PM
Another thought here,TH also made mention a long time ago that they had affordable access to a board maker in the bay area that had a few months time slot,, that they could devote to TH project for TH before that company was tied up with other production jobs,,, well its been over a few months, so i wonder if TH even still has that slot to produce boards, even if by a chance miracle they got any chips,,,if someone rememebers that post chime in,,, I think there will be NO BOARDS coming to anyone from these guys,,,still hope Im wrong Smiley
hero member
Activity: 630
Merit: 500
September 20, 2013, 09:15:14 PM
I've been actively trying to reach out to Terrahash in all of the public ways (and some not so public which I'm sure they wouldn't want me to release on these boards).

If I don't get a response from them soon with what is going on then they are opening themselves up for a lot more trouble than I think they would like.

Ah, the deaf, dumb, blind kid is finally understanding the situation he is in. Can't you turn your badges in for a refund?
legendary
Activity: 1066
Merit: 1098
September 20, 2013, 07:45:48 PM
although I don't expect they will be keeping it for long.

why not?

Well, there seems to be a lot of people on here with legal action on their minds.  I expect that they will have some success in their suits.

I personally do not have a dog in this fight anymore.  My investment in Terrahash equipment was via a 3rd party, and I got my refund long ago.
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
September 20, 2013, 07:41:58 PM
although I don't expect they will be keeping it for long.

why not?
legendary
Activity: 1456
Merit: 1000
September 20, 2013, 07:14:04 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy

Most likely the same personal economic tragedy that is affecting most of the people in this thread...


you guys are all a bunch of fucking idiots if you believe that, TH pulled at least half a mil $ out of bitcoin/wire payments alone. What have they actually used the money for? a couple steel boxes, handful of half working boards, oh and a few boxes of resistors/wires that cost pennies.  They never invested this money in anything, it doesnt take a genius to figure this out, and if you are really that dense just look at the chips that got sent in - if they were really ready just missing the avalon shipment, those chips should be turned around in days instead of silence.  How else would they expect to make 40k chips worth of orders.

they scammed your money and is not giving it back, all the bullshit about hosting and refund after 3 month etc.. is exactly that...bs.

Like watching a train wreck, i just cant turn away.  Are people really this fucking stupid, if you are out of 4 figures i would be filing for legal action weeks ago.

If you thought I was expressing sympathy for Terrahash, then you are the idiot.  The point is that most of the people on this thread got plowed by the economic tragedy that is Yifu, and Terrahash (and Yifu) is the only one that made bank out of it, although I don't expect they will be keeping it for long.

Sad fact is i personally don't believe they were ever set up to produce even if chips were there.  They sourced it all out.  Underestimating difficulty and having only customers money as their main start up cash.  They seem to be more of a team of salesman.  They just lacked the skills needed for this.  

Once knowing they cant get product, start up a line about hosting.  Sad but they might have made it if they did do hosting from start and buy others hardware that shipped.   But at this point i don't think they can do anything.    
legendary
Activity: 1066
Merit: 1098
September 20, 2013, 06:31:21 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy

Most likely the same personal economic tragedy that is affecting most of the people in this thread...


you guys are all a bunch of fucking idiots if you believe that, TH pulled at least half a mil $ out of bitcoin/wire payments alone. What have they actually used the money for? a couple steel boxes, handful of half working boards, oh and a few boxes of resistors/wires that cost pennies.  They never invested this money in anything, it doesnt take a genius to figure this out, and if you are really that dense just look at the chips that got sent in - if they were really ready just missing the avalon shipment, those chips should be turned around in days instead of silence.  How else would they expect to make 40k chips worth of orders.

they scammed your money and is not giving it back, all the bullshit about hosting and refund after 3 month etc.. is exactly that...bs.

Like watching a train wreck, i just cant turn away.  Are people really this fucking stupid, if you are out of 4 figures i would be filing for legal action weeks ago.

If you thought I was expressing sympathy for Terrahash, then you are the idiot.  The point is that most of the people on this thread got plowed by the economic tragedy that is Yifu, and Terrahash (and Yifu) is the only one that made bank out of it, although I don't expect they will be keeping it for long.
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
September 20, 2013, 06:11:41 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy

Most likely the same personal economic tragedy that is affecting most of the people in this thread...


you guys are all a bunch of fucking idiots if you believe that, TH pulled at least half a mil $ out of bitcoin/wire payments alone. What have they actually used the money for? a couple steel boxes, handful of half working boards, oh and a few boxes of resistors/wires that cost pennies.  They never invested this money in anything, it doesnt take a genius to figure this out, and if you are really that dense just look at the chips that got sent in - if they were really ready just missing the avalon shipment, those chips should be turned around in days instead of silence.  How else would they expect to make 40k chips worth of orders.

they scammed your money and is not giving it back, all the bullshit about hosting and refund after 3 month etc.. is exactly that...bs.

Like watching a train wreck, i just cant turn away.  Are people really this fucking stupid, if you are out of 4 figures i would be filing for legal action weeks ago.
hero member
Activity: 504
Merit: 500
September 20, 2013, 06:01:42 PM
Don't forgot on top of the all the customer payment there are also chips that customer shipped them (like mine) that they are running with.
And don't give me crap about personal accident etc. AFAIK there are two person Justin & Amir, maybe coincidentally  they are both in a car or plane accident? If so I haven't heard anything  in the ne
full member
Activity: 123
Merit: 100
September 20, 2013, 05:37:47 PM
I've been actively trying to reach out to Terrahash in all of the public ways (and some not so public which I'm sure they wouldn't want me to release on these boards).

If I don't get a response from them soon with what is going on then they are opening themselves up for a lot more trouble than I think they would like.

Please PM me your Skype so I can get in contact with you. I would like to give you a call this Monday and just chat some things trough? If you have time that it, it would be much appreciated.

I am really grateful for your efforts in helping us all here. Even though some might not notice, I really appreciate your work and efforts!

Please PM me with your Skype name Smiley

full member
Activity: 182
Merit: 100
September 20, 2013, 04:48:29 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy
Very possible, and understandable.
But not really good time and reason to keep silence.
legendary
Activity: 1764
Merit: 1756
Verified Bernie Bro - Feel The Bern!
September 20, 2013, 04:03:12 PM
On my paypal order, the paypal account is listed as: [email protected].  

this would imply that the funds went to Amir's paypal account rather than a corporate account.    This would be comingling corporate funds with private funds.  I believe that the corporate veil can be pierced if there is comingling of funds in this manner.


The company was quite likely under capitalized which will probably make piercing the corporate veil significantly easier.  I believe he has unknowingly (or perhaps with full knowledge) opened up personal liability by under capitalizing the Llc.

I have said this many times, using customer pre-order money to fund a start up is EXTREMELY risky and if the shit hits the fan, some of these folks are going to be in a bad spot.
hero member
Activity: 532
Merit: 500
September 20, 2013, 03:46:42 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy

Most likely the same personal economic tragedy that is affecting most of the people in this thread...


Yifu.
legendary
Activity: 1066
Merit: 1098
September 20, 2013, 03:41:53 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy

Most likely the same personal economic tragedy that is affecting most of the people in this thread...
legendary
Activity: 974
Merit: 1000
September 20, 2013, 03:36:42 PM
then you may win by default.  
and what happens then?
full member
Activity: 123
Merit: 100
September 20, 2013, 03:34:13 PM
If you can't get a refund any other way, you might consider small claims court, which is specifically designed for problems like this where the $ amount is <$10,000.

In most states, you don't need a lawyer.  In fact, in many states you can't use a lawyer.  Also, as a buyer of a product, you can file in the state where you purchased.  In other words, you don't need to file in the state where the seller is located.  

The process is fairly straight forward.  1) Send a letter of intent to the seller.  2) File with the small claims court.  3) Serve the party you are suing.  4) Collect your Evidence. (Sales contract, order status, etc)  5) Go to the court hearing.    This is all do-it-yourself.  You don't need to pay $500 per hour to an attorney. 

If the party you are suing fails to show at the hearing, then you may win by default.  This works well for parties that just don't bother to respond to their customers because the lack of response works in favor of the customer in this instance.

Can I do this if I live in Canada? Plus, if BBB can't reach them what guarantee do we have that we will get our money back this way?
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
September 20, 2013, 03:17:54 PM
How long did it take for everyone to get refunded after the 10 day wait for paypal claims?

For me it was the same day
full member
Activity: 232
Merit: 100
September 20, 2013, 03:12:09 PM
How long did it take for everyone to get refunded after the 10 day wait for paypal claims?
legendary
Activity: 1582
Merit: 1001
September 20, 2013, 02:41:02 PM
truth is, although Im worried about my investment, Im worried about the founders of TH as well.  you can all be as cold about money as you want, but there is probably equal chance that this lack of communication could have been caused by personal tragedy
legendary
Activity: 1582
Merit: 1001
September 20, 2013, 02:38:48 PM
any way to do this if you live outside US..
I will probably just go talk to a few lawyer friends later this week, to see how this works between canada and the US
newbie
Activity: 6
Merit: 0
September 20, 2013, 02:23:38 PM
If you can't get a refund any other way, you might consider small claims court, which is specifically designed for problems like this where the $ amount is <$10,000.

In most states, you don't need a lawyer.  In fact, in many states you can't use a lawyer.  Also, as a buyer of a product, you can file in the state where you purchased.  In other words, you don't need to file in the state where the seller is located.  

The process is fairly straight forward.  1) Send a letter of intent to the seller.  2) File with the small claims court.  3) Serve the party you are suing.  4) Collect your Evidence. (Sales contract, order status, etc)  5) Go to the court hearing.    This is all do-it-yourself.  You don't need to pay $500 per hour to an attorney. 

If the party you are suing fails to show at the hearing, then you may win by default.  This works well for parties that just don't bother to respond to their customers because the lack of response works in favor of the customer in this instance.
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