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101  Economy / Service Discussion / Re: Here's where I spew my accusations against MPOE. All are welcome. on: May 20, 2013, 04:35:48 AM
Having said all that, I repeat my previous recommendation:

If I had shares held in MPEX, I'd cash out now before this scammer runs with your money.
102  Economy / Service Discussion / Re: Here's where I spew my accusations against MPOE. All are welcome. on: May 20, 2013, 04:34:21 AM
It is very likely that Polimedia SRL (Romanian limited liability) is breaking at bare minimum the Romanian law in three ways, there might be more and some international ones too. First there's gambling without a license (bitbet.us):

Quote
Gambling License Romania
The authorization/organization of the activity of gambling in Romania is governed by State monopoly.

The State can grant the right of setting up the activity of games of chance according to the law, on the basis of a license, for the organization of each type of games of chance. The games of chance are classified as follows:

• Games of chance whose winning conditions are dependent upon random elements, with the use of gambling machines which are operated manually, mechanically, electrically, electronically, video automatically or in other similar ways. In order to play and win these games, they require the player’s ability or dexterity, light hand and also the chance, the hazard (the type of Atlantic pusher, Niagara);
• Casino games of chance
• Bingo, Keno type of games of chance, which take place in special game rooms;
• Sports Bets, Lotteries and Raffles , along with television Bingo and Keno;
• Contest-Games, with any type of wins, organized through telephone lines or any other means of telecommunication.

http://www.rolegal.com/romania-gambling-license.html

Secondly there's stocks/options/futures trading without a license (mpex.co):

Quote
All securities trading in Romania is carried out by brokerage companies called Financial Investment Services Companies (FISC) licensed by the NSC and established according to law 297/2004.

The law itself AFAIK is only available in Romanian.

Thirdly they are not following the limitations imposed on limited liability companies in Romania (polimedia/mpex.co):

Quote
Limited Liability Companies are not permitted to:

 - Undertake banking or insurance activities or any other activity that might suggest an association with same, without a licence.
 - Undertake investment business other than the investment of the company's own assets without a licence.
 - Neither solicits funds from the public nor offer their shares or membership to the public without a licence.

http://www.ocra.com/jurisdictions/romanian-limited-liability.asp

I got introduced to all these facts after BitBet.us scammed me some ~20 Bitcoins in winnings regarding a bet about BFL delivery. More information here:

https://bitcointalk.org/index.php?topic=192122.0

I think the Bitcoin community could do without shady business like polimedia/mpex/bitbet/others we don't know about yet. If you think the same, spread the word. Other actions you can take is to contact nic.us and nic.co and let them know that their TLD domains are being used for possibly illegal activities. The .us domain names are also meant for entities residing in the US, so just mentioning this might be enough to bring the domains down. I already emailed the domain registrars, but more messages should not hurt.

Mircea Popescu, you truly are the best customer rep in the world http://polimedia.us/trilema/2013/i-am-the-best-customer-rep-in-the-world/
103  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 19, 2013, 11:31:50 PM
Oh hey, this thread still going? And the people who fucked up are still sore in the butt? And nothing else is coming out of it?

Who could have imagined it!

Here's a five cent clue, kids: Stay in school. Trolling for BFL doesn't pay.

I have proved many times that BitBet allowed a BadBet, resolved a BadBet and used cherry-picked sources for the resolution - yet some internet philosophers keep ignoring that and talk about dead cats in boxes or boxes of GPUs. It is becoming clear that BitBet has no interest in fixing their mistakes let alone admitting them - instead they keep calling their customers kids and restards, ignoring the raised issues.

Running a scammy business on internet must be much easier than face to face, but not all internet users are sheeple you can fleece and ignore/try to get away with it. I will now resume contacting the Romanian authorities to get your mailing address, asking them if you're licensed to run online gambling service and whether you're licensed to run an online stocks/options/futures exchange. I will also do my best to warn others about your your scammy, unlicensed business.
104  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 19, 2013, 11:30:36 PM
So you insist on having GH/J as part of the specs / performance, yet you claim that increased GH/J doesn't change the specs / performance metrics. Good job.

I didn't say that, but it doesn't surprise me that you would try to claim that I did.

I said "The post does not say the spec has changed. It says the first products will consume more power."

Once again, you are confusing reality with your imaginary fantasy world.


So the first products that BFL delivered consumed more power, as stated by BFL, but BitBet resolved the bet to "No
 because of increased power consumption? GG
105  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 19, 2013, 08:49:21 PM
And you still try to push your agenda with misrepresentation, and conflation of your opinion with facts.

The bet should not have been allowed in the first place as per BitBets FAQ/EULA. After it was accepted, when it became clear that bettors couldn't agree what advertised performance was (see the comments about in the bet, people even here can't agree) the bet should have been cancelled.

People have opinions on all sorts of things. Just because people don't agree with something it does not make that thing any less sure.

Now if BitBet doesn't stick to their own policies and still wants to resolve the bet, "Yes" is a clear winner because it is supported by more sources and the only "No" source was negated when 28-03-2013 announcement stated that the devices will consume more power than previously advertised.

The post does not say the spec has changed. It says the first products will consume more power.

Let me know if you still think that the 28-03-2013 announcement doesn't say that the first products will perform worse in terms of GH/J and I will help you out.

Thats very kind, but my reading comprehension is adequate for this very simple exercise.

So you insist on having GH/J as part of the specs / performance, yet you claim that decreased GH/J doesn't change the specs / performance metrics. Good job.
106  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 19, 2013, 11:18:32 AM
Quote
Butterfly Labs aka BFL will deliver ASIC Bitcoin mining devices to their customers before 1st of May 2013. Devices must be in scope of at least +-10% of advertised performance in order to be accepted as valid.

Let's break this apart a bit shall we?

Quote
Butterfly Labs aka BFL will deliver ASIC Bitcoin mining devices

  • can be established to true/false
  • turned out to be: true

Quote
to their customers

  • can be established to true/false
  • no percentage or quantity defined, thus any quantity will result in true
  • turned out to be: true

Quote
before 1st of May 2013

  • can be established to true/false
  • turned out to be: true

Quote
Devices must be in scope of at least +-10% of advertised

  • cannot be univocally established to true/false (BadBet)
  • "advertised" can be interpreted in many ways ie. what mediums are considered to be official advertisement
  • Sources supporting "Yes" answer
    • Official BFL FAQ says that the company will not give out any info relating to power consumption
    • Official BFL product pages only advertised GH/s performance
    • BFL Forum post from 28-03-2013 by BFL_JOSH says announces that at least first products will use more power than needed, customers can opt to wait longer (first devices will still use more power) or to get a refund
  • Sources supporting "No" answer
    • BFL Forum post from 2012-09-29 (later superceded by 28-03-2013 anncouncement)
  • true is supported by more sources, referenced "No" source was negated

Quote
performance in order to be accepted as valid.

  • cannot be univocally established to true/false (BadBet)
  • "performance" can be interpreted in many ways ie. Performance per Joule (GH/J), Gigahashes per secons (GH/s)
  • Sources supporting "Yes" answer
    • Official BFL FAQ says that the company will not give out any info relating to power consumption, thus Performance per Joule should be out of the picture
    • Official BFL product pages only advertised GH/s performance, thus Performance per Joule should be out of the picture
    • BFL Forum post from 28-03-2013 by BFL_JOSH says announces that at least first products will use more power than thought before, customers can opt to wait longer (first devices will still use more power) or to get a refund
  • Sources supporting "No" answer
    • BFL Forum post from 2012-09-29 (later superceded by 28-03-2013 anncouncement)
  • true is supported by more sources, referenced "No" source was negated

The bet should not have been allowed in the first place as per BitBets FAQ/EULA. After it was accepted, when it became clear that bettors couldn't agree what advertised performance was (see the comments about in the bet, people even here can't agree) the bet should have been cancelled.

Now if BitBet doesn't stick to their own policies and still wants to resolve the bet, "Yes" is a clear winner because it is supported by more sources and the only "No" source was negated when 28-03-2013 announcement stated that the devices will consume more power than previously advertised.

Let me know if you still think that the 28-03-2013 announcement doesn't say that the first products will perform worse in terms of GH/J and I will help you out.
107  Bitcoin / Press / Re: 2013-05-17 EFF Resumes accepting BitCoin on: May 17, 2013, 10:09:26 PM
Quote
A full discussion of the strengths and weaknesses of the Bitcoin design will have to wait for a future blog post, but we note here that Bitcoin is very often not anonymous in the ways users might believe or expect, because (for instance) the network doesn't actively conceal the IP addresses from which transactions were initiated; its expenditure of large amounts of computational resources may turn out to be unnecessary; and its monetary policy is controversial and arguably designed to incentivize adoption and holding of the currency, rather than maximizing valuable economic transactions. The fact that Bitcoin is subject to criticism should not be surprising; it would have been much more surprising if the first widely used cryptographic currency had been perfect, and very active research continues on ways of improving Bitcoin or creating new crypto-currencies with other properties.

Yeah fuck you EFF for quoting Paul Krugman and basing your views on his ideology. I emailed them that I was really thrilled to hear that they accept Bitcoins, but can't support an organization not capable of critical analysis/thinking.
108  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 16, 2013, 08:19:54 AM
And of course all this could have been avoided if BitBet used the actual product pages as their source of information. Or the FAQ that said that the company will not advertise power consumption at this point.

But even if you played by their "rules" and looked at forum posts, the "Yes" bet should still have won as I've pointed out many times before.

Still waiting for an update from BitBEt.
109  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 16, 2013, 08:13:06 AM
I'll humour you.

I'm going to assume you want me to focus on the bold bits:

If you absolutely do not want a unit that is consuming more power than expected, you can let us know you'd like to wait for a revised unit or you are welcome to request a refund.

It means these units they made they are going to ship to people who are cool with that. The fact he gave you the option to wait for a revised unit would suggest that they are still working to hit the original spec.

If he had phrased it like "if you do not want one of these units then you better request a refund, because this is as good as it gets" then I would agree that would imply the spec had changed.


Even with the increased power demand on these first units, they will still out perform any competing products by a very wide margin in terms of power and megahash/J.

It does indeed say these units consume more than before, but it does not say that this is now the new standard. In fact the phraseology used specifically sets apart these 'first units' as being distinct from 'some other units'. The implication being those other units will be to spec, because of course, they have not at this point stated that they are giving up on hitting that spec.

So when I linked you to that post, I said this was the 'best I can find'. What I mean by that is that you can try and take that post and infer that the spec has changed/is changing/will change. It doesn't actually say it though. So if there is no evidence that something happened, then the default position is that a thing did not happen - the burden of proof lies with you. Prove they changed the spec prior to 30th March.

The 1st April post doesn't even say they are changing spec. What it does is it proves, that at the point that he said that, he considered that those specs could still be 'missed'. Its an implicit acknowledgement that until that point at least, the specs were still in play.

Consequence follows action, it is the natural order of things.

Action: we misssed spec.
Consequence: we change spec.

Now you could get into some deep buddhist shit about the nature of causality, and try and argue that the changing of the spec and the missing of the spec have no causal link (see: Naagaarjuna for more on that!) and I'll certainly not be able to deny it. Still it ain't gonna get you your witch burnt is it?


I am not sure know if you're blind, stupid or just trolling, but let me wrap it up for you:

1. 28-03-2013 BFL announced that the at least the first rounds of products they are about to deliver will use more power than previously thought.
2. 30-03-2013 The BitBet was created
3. 27-04-2013 The first reports of delivered products hit the internets, including https://forums.butterflylabs.com/jalapeno-single-sc-support/2088-guess-who%92s-got-two-thumbs-jalapeno%85%85-guy%85.html

There's my proof.
110  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 16, 2013, 07:25:06 AM
<snip>...This still leaves the already closed May 1st bet open for debate, since it was created on 30-03-2013 and by that time BFL had already announced that they can't meet the GH/J promised earlier and only promised to deliver higher GH and GH/j than the competitors.

oh its you again with the 'spec changed before 30th March' claim.

Repeating the same thing over and over agin doesn't make it true.

link plox

the best I can find is (28th March) https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html

where josh says they are using more power than they would like, he also say specifically "...if we end up having to scale back any given class of unit..."

pay careful attention to the words - they tell you things. that "if" is critical. that means they haven't changed the spec yet.

Only on 1st April does Josh say they have 'missed their power specs' (shoutbox / retweeted by @BFL_News if you care to check) at which point its fair to say that the specs *will* change (but technically still haven't).

So you see you keep saying 'at the time the bet was posted RAH RAH RAH' but what you are saying doesn't actually add up. I am not debating with you, there is nothing to debate. I keep posting facts, and you keep posting your opinion.

Attention is needed, the "critical if" sentence says that they might have to send you many units in order to achieve advertised performance(GH/s) because the efficiency (GH/J) has changed and they might not fit the power envelope of the board.

In other words: Because of increased power usage, they might have to scale back (underclock/less chips per board) and send you two units instead of one.

EDIT:

RAH RAH RAH. Now at least one of your points is not moot. Wink
111  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 16, 2013, 07:08:39 AM
From the same link you just posted:

Quote
28 March 2013 - Mini-Update

I had wanted to post a video tonight, but wasn't able to make that happen, so let me apologize for that in advance. As some of you may know from the chatbox, we have been working diligently to get these ASICs out the door. We've been tracking down a power issue these last few days and have it isolated to a few key systems. In the interest of time, we are planning on potentially scaling back units hashing speed as required to accommodate the extra power and shipping multiple units to those that want their units right now. If would would prefer to wait for a unit after we've made some changes to the systems that need a bit of tweaking, we will be happy to put your shipment on hold. However, if you'd rather have the units right now at an increased power usage, we will ship you as many units as required to get you to the hashrate your purchased, if we end up having to scale back any given class of unit to fit within the power envelope of the current board design.

We have the current design hashing, and as I said, I had hoped to have a video of a unit hashing here in KC, but I wasn't able to bring that all together tonight, but hopefully I can get it posted up tomorrow or by this weekend. I will update as soon as I have more news to share, with a video.

If you absolutely do not want a unit that is consuming more power than expected, you can let us know you'd like to wait for a revised unit or you are welcome to request a refund. If you'd rather have your units shipped regardless of increased power usage, we will still guarantee your hashrate by shipping you however many units are required to achieve your purchased hashrate. There is no need to contact us right now if you are not concerned about the power usage and just want your units shipped ASAP.Even with the increased power demand on these first units, they will still out perform any competing products by a very wide margin in terms of power and megahash/J.

Again, we apologize for the delay, but we are almost there.

Please take a 2nd read. It clearly says that if you're ok with increased power use, no action is needed. Customers were asked to take action only in the case that they wanted wait to get products with the earlier specs (same performance, higher efficiency) or if they wanted a refund since the product specs have changed.

"Even with the increased power demand.." also states that first products will have higher power demand than previously thought, but they still promised to outperform competing products in terms of power (performance) and megahash/J (efficiency).

What did I miss?
112  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 16, 2013, 02:15:23 AM
I was hoping for a new answer since the ones you just pasted are lopsided and based on old information.

July 1st bet seems to be created on 15-03-2013, thus BitBet could argue that the increased GH/J was not mentioned by BFL back then. This still leaves the already closed May 1st bet open for debate, since it was created on 30-03-2013 and by that time BFL had already announced that they can't meet the GH/J promised earlier and only promised to deliver higher GH and GH/j than the competitors.
113  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 15, 2013, 10:35:42 PM
Bump: BitBet, please let us know the advertised performance for the May 1st BFL bet and July 1st BFL bet. And if you could please elaborate on your sources a bit, that would be nice.
114  Economy / Service Discussion / Re: Exante Bitcoin Fund? Legit, Fraud, good buy, or what? on: May 13, 2013, 01:27:06 PM
At this point, most likely a scam. Not on my list yet, but still dubious.

Look who's talking about scams
115  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 06, 2013, 11:58:56 PM

Not trying to argue, don't think my point is even valid, just opinion lol.

If that link was in the email then i wouldn't have brought it up, not a big deal, but now i feel guilty for keeping this thread alive with a pointless argument :/


Don't feel bad. You were wronged and you're supposed to feel mad if anything.

This thread is not dead at all. People are still waiting for answers from BitBet.
116  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 06, 2013, 11:47:17 PM
Oh the FAQ with the rules?!

Quote
What bets are BadBets?

First and foremost, statements that can not univocally be established as either true or false at a certain point in the future are BadBets and as such unacceptable on BitBet. For instance, "God Exists" is unacceptable, because it can never be established as either true or false. "God will change Coke to Pepsi on August 19th, 2013" is also unacceptable, also because it can never be established as true or false (even if the change of Coke to Pepsi could allegedly be established).

The "advertised performance" can't be univocally established to true or false. The rest of the bet can be. That should yield two possible outcomes: a) The bet is cancelled because it's against your policy OR b) the bet is resolved on the non-ambiguous parts of it to "Yes".

My old "Yes" payout address is still valid.
117  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 06, 2013, 11:08:54 PM
I was one of the Yes betters (0.6 btc).  I'd like to explain what led me to bet yes After the first units started shipping.

As i'm sure others here do, i work professionally with a lot of electrical engineers.  I specifically asked a few before betting if power requirements would be considered performance or just specifications.  What i heard back unanimously (from my small sample) is that performance doesn't relate to power consumption, that would be Performance Per Watt, which is different.  It's the same as saying that case size relates to performance.  Energy is just a utility to achieve performance, not the performance itself.

I understand that the reason BFL looked so good is because of the performance per watt, but just because we want low wattage for maximum profits, and just because that's what we based our pre-orders on, still doesn't mean it's relevant to "Advertised Performance".

There seems to be a lot of negativity in this thread, so i would appreciate calm responses Smiley

You're completely correct about that, however the resolution was based on a forum post from 2012, ignoring everything that was updated since then.

Depending on how much you should have won, you could consider taking action against these foul mouthed scammers. I placed the early 2 BTC Yes bet and am still considering legal action, but giving it some time as this thing could unravel on its own. Feel free to PM me about it.

Also, please be aware that if you send them an email requesting a refund etc, you might get publicly defaced like this https://i.imgur.com/U50p1sW.jpg (posted on the shitty pay per view blog by the douchebag running these unlicensed, illegal services).

118  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 06, 2013, 10:53:26 PM
Just as there is no point in you saying the same thing that's already been said, there is equally no point in restating why it doesn't matter what you think.

Thread's dead baby.


I'm just waiting for the rest of the ripped off people to show up from the July 1st bet. That is of course if the feds don't shut down polimedia / BitBet / MPEx before that.. maybe even SatoshiDice gets shut down thanks to the irresponsibility of the MPOE guys.
119  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 04, 2013, 09:16:04 PM
Don't stop with the cocky remarks now.. You were having such a good run, all the way to being the best customer rep in the world.
120  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 04, 2013, 07:47:22 AM
Quote
Restrictions on Trading

Limited Liability Companies are not permitted to:
- Undertake banking or insurance activities or any other activity that might suggest an association with same, without a licence.
- Undertake investment business other than the investment of the company's own assets without a licence.
- Neither solicits funds from the public nor offer their shares or membership to the public without a licence.

http://www.ocra.com/jurisdictions/romanian-limited-liability.asp

I was wrong about issuing shares though (max 50 shareholders).
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