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Economy => Scam Accusations => Topic started by: Phinnaeus Gage on February 10, 2014, 06:11:26 AM



Title: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 06:11:26 AM
Due to the most recent events over at Team Black Arrow's thread, I'm sad to report that Black Arrow of blackarrowsoftware.com is most likely a scam, mainly because they have yet, to date, offered up any proof whatsoever that ASICs are being produced, in spite of numerous requests by fellow bitcoiners. They are also refusing to honor any refunds at this time.

This thread will be populated with all the posts that were deleted by Black Arrow, penned by me, mostly consisting of the ongoing investigation on their operation(s), along with their resellers.

A myriad of people have requested refunds, but their latest excuse for not complying is that they have to wait till after all the files are transferred from one computer to another, something they've been working on since December.

Fair warning, for there's over a 100 posts of mine that were deleted, but luckily they're saved and will now enjoy their new home on this non-moderated thread.

Any entity that's worth their salt, doesn't need to have a moderated thread, for there would only be a small handful of naysayers that can easily be dealt with, with the...wait for it...truth (and sugar, oppose to vinegar).

Apologies, if the posts are not in any chronological order, for I don't believe Alex Sovu/Alex Berk took the time to delete them in such a way. Also, this isn't the first time he deleted my posts from his thread, doing such during its beginnings when a myriad of things were brought to light, some of which were rehashed and will be posted in this thread.

~Bruno Kucinskas
406 W. Center St.
Sandwich, IL  60548

815-508-1668

The vitals are included above if Black Arrow decides that it's to their best interest to use their investomers' moneys to sue my ass.

EDIT: The following was asked during the time frame that Black Arrow was online deleting my posts proving they're a scam operation, then opted to reply to my sockpuppet's retarded post (unaware that it belonged to me), but felt it wasn't important enough to address. Any entity worth its salt would have replied to the below, especially since its been asked a myriad of times since late last year.

Since you're here, why don't you provide us with an update. What progress has been made in the last week?

Last week was Chinese New Year, most of the company was off work.
Anyway, we have completed the pinout of the chip, made some progress on the case but has not been completed.




I remember post after post about how you guys would not be affected by the CNY, care to comment why "most of the staff" had off when you previously said it wouldn't affect you guys?

Also since a yes or no answer was never given, will minersource be giving refunds, yes or no?
Need an answer to this as well, blackarrow.
Ask minesource they are not black arrow, they are just resellers.


This is where the official record seems to be, not that anything is ever official, it does matter here as the way bobsag will get money is if BA gives it to him to give to us. So I think this thread is very appropriate place to pose the question, which has been asked numerous times, not only by myself, and never answered with a definitive yes or no


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 06:11:40 AM
Reserved for the list of actors associated with Black Arrow, along with a future I-told-you-so.


I just realized that this is going to take a while, and the first few post I've posted after replying to blackarrow is not really driving the point home for the purpose of this thread, therefore allow me to continue to post in the fashion I'm doing, but when I come across a deleted post that should be closer to the fold, I will shuffle the posts accordingly.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 06:18:38 AM
Please feel free to add any of your deleted posts as well.

Also, all you trolls and naysayers are more than welcome to participate in this thread, for none of your posts will be deleted.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 06:24:39 AM
Hi!

I've received numerous reports of trolling on our thread therefore I've deleted all your posts.

While going through them I was shocked with the amount of hate you have for us. May I ask what we have done wrong to you and why do you have a vendeta with us?

Regards!

The above was sent from BA to me via a PM, with apologies for quoting it, but opted to address the concern here, seeing nothing personal is within.

Firstly, I hate the word hate, and don't use it in RL.

As you probably didn't read, I didn't want to reenter your thread, but was asked to by two fellow bitcoiners to investigate your asses due to them having refunds denied. According to BA Matt's tone, I'm the one that was probably trolled into conducting this investigation, but that fact doesn't take away what I've uncovered, of which all the posts deleted will now be in this thread, one post at a time.

You folks had every opportunity in the world to get in front of this clusterfuck, but opted to hee-haw around most every concern presented. We've all seen the same exact act played out before to the tune of bitcoiners losing millions. One of the main differences with your script is that an extra layer was added in the form of resellers, at least one of which I clearly shown is Black Arrow proper.

Everything you've done to date concerning the ASIC line has scam written all over it, and quite frankly I'm motherfuckin' sick and tired of reading about it, especially since I'm still waiting for the return of my 1,100+ BTC from InstaWallet, loosing control of them since April of last year. Ergo, I'm one pissed off motherfucker, but I don't hate anybody. I've yet to report a single post to the mods or put anybody on ignore, case(s) in point.

Now, if you'll excuse me, I have some reposting to do, thanks to you know who. Damn, I hate doing this, but you spelled vendeta incorrectly.  ;D

~Bruno Kucinskas


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 06:57:38 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
http://www.youtube.com/watch?v=El56LobK7_g


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 06:59:22 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
The bigger question is will BA deliver in May ?
I mean, does someone see anything else than an autocad render ?

A few days ago BA were telling they were on time, no problem. After silence. And then big delay announcement.
No legit company would communicate in such a way.

They obiously lied in their statements.
So what garantees do we have that their ASIC even exist for real ?

I've seen video of their previous PCB work ; but that was month ago.
The have cashed probably tens of millions of dollars with their pre orders.

Why should they even care about delivering something ?

If the product would really exist, they would post some pictures or video of the design.
I have huge doubts about the reality of their operations.

I'm not telling all this to troll, I have $60K in early orders at BA.

Eric


As I tried to warn all you fucks last year that BA stands for Bad Actors, but BA removed all such postings from this thread being that it's self-moderated but, guess what? You can post all the shit you want now, for they won't take the time to delete jack shit, jackshit for those playing at home and are no longer able to get it up to jack off due to all the depression pills you've been prescribed.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:00:18 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
So it's Feb in two days and  now BA admit they haven't done tape out yet!

Definitely something fishy there.


You think?

http://static.fjcdn.com/pictures/Do+you+think+this+is+a+game+.+Source+Imgur_4739ee_4742688.jpg


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:05:36 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Guys
I'm not at all confident that you'll get your money back even if you try.  Several weeks ago, I went to the BA site and was looking around. I checked my invoice, and it had been altered.  I checked my original copy and verified I had purchased for a MARCH delivery.  The invoice had been edited to say it was now a MAY delivery.  I decided to request a refund on Jan 13th.  At first they didn't respond, then they kept asking clarification of what currency it had been paid in (bitcoin) stating that it had to be returned in the same denomination. On 27th they sent me an email saying the funds 'had left the bank'.  Strange place to keep bitcoin, so I asked for clarification and they apologized and said they meant to say they would pay in bitcoin.  They asked for a bitcoin address which I had given them numerous times.

Still no refund

On their internal forum people have been asking the same question about why their invoices had been altered.  The moderators have all been stating that it was a mistake, and just reflects what they are currently selling.  Then the email last nite.  BA has known they were gonna do this for a long time and have lied about it for weeks. Their inability to complete my refund goes way beyond ineptitude, and makes me wonder if anyone will get their money back

SCAMMERS!!!

Black Arrow is no longer concerned about a single one of their investomers, consider...

https://bitcointalk.org/index.php?action=profile;u=105804

Quote
Name:   blackarrow
Posts:   489
Activity:   210
Position:   Full Member
Date Registered:   April 24, 2013, 03:38:50 PM
Last Active:   January 29, 2014, 09:44:41 AM

Their last post below on December 09, 2013, 12:09:51 PM:

Chill Black Arrow!  Seriously, these are some of your customers?!

Sorry about that. Comment corrected. I was hoping that nobody will notice it by the time I had the chance to fix it but this is a very active forum.


Ergo, they're mining with your shit built with your money, and this is their way of saying, "Fuck off! We got ours. Now, you're bothering us, kids!"

Now, I say anybody who negates this post is most likely in bed with them fucks. Please quote entire thread during the negating process.

~TMiBTCITW


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:06:56 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:07:13 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:07:24 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:07:37 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:07:47 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:07:58 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:08:09 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:08:21 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:08:33 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:08:44 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:08:55 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:09:06 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:09:17 AM
Reserved for the most damning deleted post.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:12:35 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Hey everyone,

Just wanted to take a second to say I'm sorry about everything.

Matt

Hi, Matt. Whudup?

https://minersource.net/

~~~~~~~~~~~~~~~~~~~~~~~~~~

Bitcoin Sandwich 3

JANUARY 22, 2014

btcsand_03   Excited to welcome Matt Carson aka bobsag3 to the Podcast.  He is a bitcoin miner extraordinaire and very knowledgeable about bitcoin/cryptocurrency in general.  We discuss current events, evil mining corps taking over the world, Dennis Rodman and the end of the world.  Have fun, we liked this one! (http://www.btcsandwich.com/)

Wait till you get to the part where Matt disses HashFast. Classic!


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:24:55 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Hey everyone,

Just wanted to take a second to say I'm sorry about everything.

Matt

Hi, Matt. Whudup?

https://minersource.net/

~~~~~~~~~~~~~~~~~~~~~~~~~~

Bitcoin Sandwich 3

JANUARY 22, 2014

btcsand_03   Excited to welcome Matt Carson aka bobsag3 to the Podcast.  He is a bitcoin miner extraordinaire and very knowledgeable about bitcoin/cryptocurrency in general.  We discuss current events, evil mining corps taking over the world, Dennis Rodman and the end of the world.  Have fun, we liked this one! (http://www.btcsandwich.com/)
Bobsag3 is Matt Carson, yes, but BlackArrow Matt is someone different.
Bobsag3 even said that he though he was impersonating him previously but they just happened to have the same name.

Don't you just hate it when Google fucks with you? http://www.youtube.com/channel/UCg8858GXRmuMbnPTGu-IWEQ/videos


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: dave111223 on February 10, 2014, 07:27:55 AM
Please include a quick punch list in your OP of why they are scammers, ie promises/deadlines they have missed/broken etc..

Cuz you gotta be a masochist to spend time reading through this triple nested quoted shit.

Self-moderated thread + deleting posts + being assholes != scammers


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 07:53:16 AM
Please include a quick punch list in your OP of why they are scammers, ie promises/deadlines they have missed/broken etc..

Cuz you gotta be a masochist to spend time reading through this triple nested quoted shit.

Self-moderated thread + deleting posts + being assholes != scammers

I'll get it organized one way or another, meanwhile enjoy this:

as much as i hated that guy, i don't think all his post should had been deleted.

Maybe, but unfortunately we do not have time to read all his posts. We have work to do for all our paying customers, and have no time to waste with a random jobless individual who's not even our customer.

Quote
sadly i will be seeking a refund to because i now dont believe my x1s will roi due this mayor delay and mtgox going down.honestly you guys could had done a beter job handleing this.

We are selling hardware. We are not investment service.


Yet, he takes time to respond to a Newbie that is probably trolling their ass. You want proof!

Holy cow, I just realized I can put people on ignore here. Its like a whole new set of forums!

Quoted!

Holy cow, I just realized I can put people on ignore here. Its like a whole new set of forums!

+1 yes a brand new forum lol
about "Holy cow" in french we say "Oh la vache!" a cow = une vache :)


Quoted!

Any others? Can wait till down the road to unleash my sockpuppet to pour salt in the wounds when the shit hits the fan, if it hasn't started already, from what I've been reading on BA's forum.

While they're over there giving BA the finger, I'm over here providing the proof, but not to you fuckers opting to put me on ignore.

I simply had enough of this piece of shit Gage guy. Alway the same old crap. Motherfucker thinks that all because he has the most post count numbers, he can dicktate what we should think.Goofy fuck aint go brains. And all I want to do on this thread is read updates, but have to weed threw hes vial. Guess I'll have to put him on ignore now for this to be readable, being a shame that I had to signed up to this forum so that I can just put him in ignore. Everybody else please join me.

Yes, it is me behind that sock, created to prove how easy it is to be lied to, then have your pockets lightened. Of all the people I thought that may quote me first, it never dawned on me that the leader of the pack of wolves would do such, for he's been outta pocket for a while.

Prior to the quoted user account above, all my other accounts are known, or can be made available upon request. Even Nikki the Bitch, if you want. I wonder if I could sell her.  :'(

It's fuckin' amazing that I not once trolled that thread, intentionally, using the Phinnaeus Gage account, but when done so only twice using a sockpuppet, the Captain Black Arrow quotes me to drive his point home.






Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: outgaged on February 10, 2014, 08:11:14 AM
This account is owned my Bruno Kucinskas a.k.a. Phinnaeus Gage a.k.a. The Mighty Phinn a.k.a. TMIBTCITW.

Thanks for quoting me, Black Arrow.

~TMIBTCITW

Quote
...and have no time to waste with a random jobless individual who's not even our customer.

This random jobless individual, who's not your customer, owns a reclaimed barn wood lumber company supplying the greater Chicagoland area, along with having 1,100+ BTC tied up at InstaWallet.

Put that in your card reader and read it!

~Bruno Kucinskas


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: jimmothy on February 10, 2014, 08:13:16 AM
Person preorders hardware using irreversible payment methods from company clearly stating no refunds and shipment dates are approximate

Person wants refund of irreversible payment method because tapeout was delayed a month and a half

#logic

sadly i will be seeking a refund to because i now dont believe my x1s will roi due this mayor delay and mtgox going down

Evidence this guy will say anything to create a bit of fud. Pretty sure he is paid by BFL to troll..


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 08:22:29 AM
Person preorders hardware using irreversible payment methods from company clearly stating no refunds and shipment dates are approximate

Person wants refund of irreversible payment method because tapeout was delayed a month and a half

#logic

sadly i will be seeking a refund to because i now dont believe my x1s will roi due this mayor delay and mtgox going down

Evidence this guy will say anything to create a bit of fud. Pretty sure he is paid by BFL to troll..

Wrong again, you piece of shit! Actually, the first part may be true: I would say anything to create a bit of fud. But, I wouldn't go on a diatribe post after post after ... if what I uncovered wasn't true in my heart of hearts. I may error, but wouldn't take my time spreading fud on purpose. Note, I came clean with my only sockpuppet after only two posts, never intending to use it for any length of time.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 09:27:41 AM
as much as i hated that guy, i don't think all his post should had been deleted.

Maybe, but unfortunately we do not have time to read all his posts. We have work to do for all our paying customers, and have no time to waste with a random jobless individual who's not even our customer.

Quote
sadly i will be seeking a refund to because i now dont believe my x1s will roi due this mayor delay and mtgox going down.honestly you guys could had done a beter job handleing this.

We are selling hardware. We are not investment service.


http://bitcoinexaminer.org/alex-berk-black-arrow-as-soon-as-14nm-is-available-well-release-a-new-asic-that-will-outperform-any-other-14nm-designs/

Quote
After the recent launching of the Prospero Bitcoin mining machine and the ASIC “the Minion”, the company Black Arrow is currently in the center of attention. The brand, founded in 2010 in Hong Kong, has established its presence in China and now wants to conquer the rest of the Bitcoin world.

After spending some time developing hardware and embedded firmware for several clients, Black Arrow discovered cryptocurrencies about one year ago. “And we have been fascinated about the concept ever since”, reveals Alex Berk, the representative of the company who talked with Bitcoin Examiner.

We interviewed Berk to find out more about Black Arrow and the news are amazing.

Quote
We’ll be supporting financially our Lancelot customers to upgrade to our new products in order to be able to recover and make money on their investment, thing that has never been done in Bitcoin industry.

Quote
Prospero X1 is right for every customer that wishes to get the best return of investment, but don’t have the space or money to spend for mining Bitcoins.

Quote
It’s understandable because the difficulty rose so much and they didn’t have a chance to recover their investment.

Quote
We understand that the relation between a vendor and customers has to be win-win. We are trying to address this by guaranteeing our customers that we’ll do everything we can to protect their investment.

Quote
We will do this through offering the best technology available, aggressive pricing, limiting the number of ASICs that we put on the market in order to give everybody a fair chance of recovering their investment and earn money.

Is there another definition for investment that I'm not aware of for, in the traditional meaning, it sure does sound like you're offering an investment service? Then again, I'm just a broke dick troll living in my mommy's basement because I can't hold down a job.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 09:45:38 AM

I remember post after post about how you guys would not be affected by the CNY, care to comment why "most of the staff" had off when you previously said it wouldn't affect you guys?

Also since a yes or no answer was never given, will minersource be giving refunds, yes or no?

Minersource cannot issue refunds as they have paid us for your miners.

We're currently making a list with the refund requests to see if we can refund from our margin. Note that our margin is quite low as we have charged our customers $4000 on a miner while others have charged $16000 on the same hardware during the same period.

As we've announced, we've put the ASICs into production and they've been paid in full. Canceling the ASIC now is not possible as we will incur around 85 to 95% penalty so we're left in refunding only from our margin.


I'm going to give Black Arrow a bravo here for at least finally answering the question. But, he's now on record in stating that what he's doing is illegal.

If a customer of mine pays me in full $10,000 to deliver to them yellow barn wood, and I use their money to procure said wood, I must refund them their money if they request such prior to me making delivery, regardless of what my ToS states, otherwise I go to jail, because a sale hasn't happened yet. Now, if I delivery the wood, and it isn't as I described, I also have to refund them their money. This is true no matter want my margin may or may not be, in this case the margins are great. I have no problem selling any barn wood I procure from my suppliers or via farming out a teardown. A bitcoin miner supplier has no problem selling their cancelled orders.

You are now playing a very dangerous game (not in the death sense), for others will now be out in force to call you out on this very issue, even if I hadn't done so myself first. I believe you just messed up here big time, bud.

Hell, I just realized something else: http://bitcoinexaminer.org/alex-berk-black-arrow-as-soon-as-14nm-is-available-well-release-a-new-asic-that-will-outperform-any-other-14nm-designs/

Quote
Your rigs have great rates and prices. Are these values permanent?

We do, but the current discounts are limited. We will stop the promotion once we’ve covered our engineering costs. We don’t aim to make any profit from the first batch of ASICs and our sole target is to cover the manufacturing costs. We funded more than 70 percent of the project ourselves. We can obtain the remaining 30 percent from various investors, but their conditions increase the price of our products. We wish to give our customers the opportunity to benefit of low prices while helping us complete this project.

Doing the math, 70% outta your pocket plus 30% from various other investors equals 100%, ergo nary a satoshi of your customer's money was ever at stake. If this is not the case, then you have a lot of explaining to do to our fellow bitcoiners that are about to raise this issue.

It sure is refreshing to read that Black Arrow is not making the same mistakes as previous supplies: Different and BIGGER!


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 10, 2014, 10:19:01 AM
It's a motherfuckin' shame that for going on three years I've been championing Bitcoin, indirectly allowing entities like Black Arrow to come along, in their case less than a year ago, to profit off my efforts, asking for nothing in return, and have doled out thousands for the cause, to only be labeled a troll by the very people I positioned.

How much longer should I stay bent over while you stick it further up my ass? I am one pissed off motherfucker right now and am calling it a night.

~Bruno Kucinskas


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: GreenBits on February 11, 2014, 05:03:35 AM
relax, we appreciate your contributions to the space, Gage. You are delightfully off your rocker, but your investigative skills (lord knows they are needed in this space) are top notch. Keep it up.

And fuck the trolls.

~Green


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 11, 2014, 09:34:21 AM
As promised, if the following post was deleted in Black Arrow's main thread, I said I would re-post here, so here it is.

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
I'm posting the following as a courtesy for a fellow Bitcoiner, sent to me via PM. If by happenstance it gets deleted, I will re-post it in my scammer tread. I will not post it there unless it is deleted from here.

Quote
Their T&C are in violation of hk law. Though funnily they try to claim that they aren't subject to hk law because their head office is in China but on their website's T&C it states that all disputes will be settled in hk court and under hk law. What a bunch of dicks. Maybe this will provide some help for people they are refusing to refund.

According to The Sales of Goods Ordinance CAP 26 s12 of Hong Kong Law you are bound by the agree time constraints stipulated in the contract, failure to fulfill this agreement will be considered breach of the contract.

Furthermore, Section 3(1) of the Control of Exemption Clauses Ordinance Cap. 71 states that unreasonable exemption clauses in a contract such as 11.7 and 11.3 of Black Arrow's Terms and Agreement are void and have no effect if:

1.   The contract was formed by one party with the consumer having none or relatively no bargaining power in the constraints of the contract
2.   There is no previous history of the two parties
3.   The clause impacts on or affects other superseding Hong Kong Laws such as The Sales of Goods Ordinance of Hong Kong which protects consumers from the unfair trade practices.


Then finish off your letter, with:

Therefore I would like you to refund my order#XXXX immediately without further delay. If I do not receive my refund within 7 days I will be contacting the Consumer Council to lodge a formal complaint against Black Arrow Limited (Company Registration. 1520309).

I also reserve the right to take any legal action necessary both in the Smalls Claims Court located in Hong Kong or overseas at my convenience and discretion.



It is actually really easy to sue people in HK. You don't have to be a HK citizen but you do need to hire someone to represent you in Small Claims Courts (it can't be a lawyer so it is actually cheap to do).

Small Claims Court
If what you are claiming against a business is less than $50,000 HKD then you are eligible to sue them in Small Claims Court.

Why is small claims court good?
-lawyers are not allowed in small claims court
-The person you are suing cannot counter sue you in small claims court.
-You do not have to be a Hong Kong Resident to file a motion with the small claims court
-If black arrow fail to show then you will win the claim by default
-only transport costs can be claimed in small claims court.
-no they can't hire someone from Jamaica and claim the flight as a cost (a Philippine company tried this with my fd and it got thrown out of small claims court)
-Once you win, you are given a legal document (Writ of Fieri Facias) saying BA owe you this much in HKD$
-Then you can hire a HK government bailiff to come and collect anything from BA office that is in the value of the amount they owe you

Imagine turning up to Black Arrow office in Wan Chai and walking off with a bunch of their PCs and some bitcoin wallets while being protected by the bailiffs and the HK police.

How to file a claim for your money back in HK Small Claims Court:
http://www.judiciary.gov.hk/en/crt_services/pphlt/html/sc.htm

Online Forms:
http://www.judiciary.gov.hk/en/crt_services/forms/sc.htm


Or maybe just make a formal complaint to this organisation:

HK Consumer Complaints Council
They recommend you file a complaint against the a local company if as a consumer you come across unfair trade practices, e.g .

-goods or services not correspond to description;
-delay in delivery;
-dissatisfaction to service,

http://www.consumer.org.hk/website/ws_en/complaints_and_advices/how_to_complain/howtocomplain.html


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: Phinnaeus Gage on February 12, 2014, 06:08:25 AM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

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Dear Black Arrow,

I hope that you find it in your heart o' hearts to forgive me, for I promise to play nice from now on. That said, would you be so kind as to sell me your vetting program?

Regards,

Bruno Kucinskas

http://webcache.googleusercontent.com/search?q=cache:o9-hDFe3Bi8J:www.hackforums.net/archive/index.php/thread-1210336.html+&cd=24&hl=en&ct=clnk&gl=us

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david105396
04-13-2011, 08:43 AM
Dear readers,

First i want to say sorry for that i haven't said anything on this forum. I usually keep a low profile at first when i join a forum so sorry for that.

Anyway of to the point. Is there anybody that can bring down this site(http://www.maerlant-lyceum.nl). This is my school site and if somebody can bring it down for maybe 1 or 2 hours it would be awesome beacause then i would miss some tests tomorrow. Is someone could do this in about 3 hours time it would be great. But only do it if you want to help me and if you think you can't get in trouble. If it is to dangerous that you get cought please don't try.

Already thanks and i will be more active on the forum now that i know people better here.

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david105396
04-13-2011, 09:02 AM
Lancappe sorry as i said at the moment i cannot pay people for stuff. i do really apreciate you for trying it. i really am sorry but thanks anyway. could you tell me how you did it though if you don't mind?

The way I read it, theymos is going to be getting a phone call requesting some records, don't you think?


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: arkintunde on March 03, 2014, 11:53:52 AM
Dude. What are you talking about? You have posted no proof what so ever that BA is a scam. I scrolled through your whole thread only to be scammed of my precious time. Something I will never get back no matter how many refund requests I submit to you.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: xandriel on March 03, 2014, 12:13:06 PM
No scam here as far as I can see, only delayed production, and a pissed off buyer.
IMO whilst the sale is not completed, as the goods have not been dispatched, BA has incurred costs in regard to the sale which should be recovered before any refund is given....regardless of whether or not the buyer assumes the units can be resold easily.
If it were my company I would certainly be upset at refunding the whole transaction at my cost just because the buyer had changed their mind on the contract, and more so if the buyer then spread fud around the company forum, and others, which could unnecessarily harm the company's reputation.


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: greenlion on June 04, 2014, 07:26:12 PM
Does Black Arrow have assets in Hong Kong or otherwise outside of mainland China that we can go after legally?


Title: Re: The official "Black Arrow is most likely a scam" thread [blackarrowsoftware.com]
Post by: notbatman on February 20, 2015, 02:33:39 PM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

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So it's Feb in two days and  now BA admit they haven't done tape out yet!

Definitely something fishy there.


You think?

http://static.fjcdn.com/pictures/Do+you+think+this+is+a+game+.+Source+Imgur_4739ee_4742688.jpg

Very fishy indeed!