Thank you Sweden for your retard laws. Thank you EU for your retard laws too!

But I mean really.....in Sweden (or hell maybe everywhere) you can promote your miners and state in interviews (that I remember seeing) saying you will sell your 'miners' to ANYONE and they can be run at home etc etc....BUT as soon as you buy it from KNC your are a BUSINESS because KNC says you are a BUSINESS ...thus under Swedish law they can automatically make you not protected under consumer protection laws.

Man that is a 'neat trick' whatever you sell you say the person buying is a 'business' and you never have any constraints on anything you sell 'no matter how lame' because you as the Seller have deemed them a 'Business'

Talk about a 'Catch 22' ..IF I want the product and I am not a business....and state I am not a business and purchase the item..I then am 'magically' a business and have no consumer protection......all to the companies benifit and no protection to the consumer...with KNC ALWAYS no matter what the circumstances ...automatically 'upgrading your purchase' to a business....pretty slick

sheesh....

With all I'm learning about 'consumer protection' in Sweden and the USA (In the USA for example General motors hit ignition problems on vehicles for 10 years plus that caused over 100 deaths...they paid a 1 Billion dollar fine I think it was and no one was held accountable..no jail for anything for anyone)  ...anyway if this is what 'consumer protection' has come to on me buying anything from a toaster to a car..I am afraid to even LOOK AT what the Insurance I have really covers for loss and/or Medical Insurance for the same...now we are talking real money...hell it is probably much worse ...with that kinda real money ..it could keep me up for weeks ....likely just as bad.

I swear stuff likes this makes me want to take a vow and dump modern society and technology and  'Just Go Amish" ....except for that whole work from dusk till dawn thing behind a mule...I'd do so *hmmm........hot Amish girls....er no must resist......1 hr with girl 12 hours with plow.....Ack!*

And a further argument for gpu mining an anonymous  coin on a pc.

Looks to me that a sane person will think Gpu mining offers real protection when mining  and asics do not.

Hmmm  is this another point against BTC and for ETH?

Fighting the bureaucracy in Stockholm is a loose/loose situation.
The little-guy only win in movies.

Yeah my reason for not getting in the class action was the fact that there "was" such a loophole for businesses in Sweden not being covered by EU consumer protection....I and
others figured the Swedes had a reason to get around that loophole with their laws...likely it helps to sell all sorts of business products with out that pesky EU consumer protection involvement..thus it turned out how I dreaded it would..the Swedish courts were not gonna toss out the 'precedent' of this ..that they obviously will not toss out such a legal tool  to help a bunch of consumers of asic miners...the case was dead from the get go....they had 'no' chance whatsoever...it was a 'rigged' trial but hey their lawyers got paid in full up front..probably the first clue to run away from this class action.....I guess KNC being so confident they could do this was more fact
then fiction in they always said anyone who made any purchases from them  were a 'business' because we bought their products.we declared ourselves as such
...again they got that whole 'evil' thing down pat knc does


This was 11 guys paying 90 in that court case below....man ...

http://www.coindesk.com/swedish-court-rules-against-kncminer-mining-hardware-customers/

There is still the last I think or 3rd court case with the 100 plus miners who paid 1.5k each (non-refundable) to heir lawyers and god knows what $$$ to KNC if they lose .....if 11 guys
are paying 93k ..they could be so royally screwed.....all had to sign a notarized letter agreeing to terms ..and those terms stated damages to knc if they lost....man that would
suck....

anyway others with more info or in the 100 folk class action chime in here

That makes me wonder a bit... strange, strange. They should be able to still mine a profit with their 0,5J/GH Hardware. A 100TH/s makes about 3.5k$/m and 50kW would cost them about 2k2$/m in power @0.06$/kWh.

Overhead? Shouldn't be too many people required to run the mine. Rent? Couple of thousands a month, we are talking ~1k$ profit per 50kW per month so that's ~100k$ for a 5MW mine - are the shacks in northern Sweden really so expensive?

No point in switching off just now, can't they even afford to run it as long as after the halving? Look how the price develops?

And then there are other stories like the stabbing, them not behaving exactly generous with their customers, not investing in new chips obviously, not selling hardware for reasons beyond me etc.

It makes people think twice before filing a frivolous suit.

Consumers don't get to whine about ROI.  Whining about ROI is the privilege of businesses and businesspeople.

The lawyer's statement is written in very clear English:



This isn't hard to understand, at least for those of us with a brain and lacking a massive sense of entitlement to guaranteed profits.

I'm sure it's more difficult for RoadStress, who is convinced every ASIC manufacture not named "SPONDOOLIES" automatically becomes guilty of scamming (and incompetence, etc.) the second they lose the bet they made on future price/difficulty.

Another asinine thing RoadStress does is blame venues *only* after a venue (IE Court of Law) reaches a conclusion he doesn't agree with.

That's stunningly fuck-witted "sour grapes" behavior.

We are expected to believe RoadStress knows better than the Judges in the EU, just as he knows better than the Bankruptcy Court here in the USA.  

This guy really can't stand being proven wrong, especially when the proof is irrefutable, having been provided by the highly specialized information gathering and analyzing apparatus of the legal process.

He's so mad about being stuck on the losing side of the 20MB Gavinblock fiasco, he'll never forgive me for being on the winning side (and generally rubbing his stupid face in his shitty logic for the last few years).

If only RoadStress wrote the laws in the EU and Sweden...  Then it would be impossible to lose money on risky ASIC pre-orders!  

how can anyone defend these shits??

trolling for lulz, mental malfunction or NDA clause? (thou shalt blame our victims)