|
Great post, and excellent advice.
Cheers.
|
|
|
|
With these difficulty spikes of ~30%, it's starting to look more and more like...  |
|
|
|
for all you know perhaps they want me to act as a counter-troll. someone to handle all the misinformation scattered throughout their threads by shills.
Makes sense... because other companies that have done that, have had a positive response with this community so far... Where have I seen this before... Hmm... |
|
|
|
Guys, understand what the New York Department of Financial Services does and you will realize this is about bitcoin as a currency, and fraud related to it ala Pirate40. In fact most likely a direct result of that case.
http://www.dfs.ny.gov/about/press2013/memo1308121.pdf--- First, safety and soundness requirements help build greater confidence among customers that the funds that they entrust to virtual currency companies will not get stuck in a digital black hole. Indeed, some consumers have expressed concerns about how quickly their virtual currency transactions are processed. Taking steps to ensure that these transactions – particularly redemptions – are processed promptly is vital to earning the faith and confidence of customers. Second, serving as a money changer of choice for terrorists, drug smugglers, illegal weapons dealers, money launderers, and human traffickers could expose the virtual currency industry to extraordinarily serious criminal penalties. Taking steps to root out illegal activity is both a legal and business imperative for virtual currency firms. Finally, both virtual currency companies – and the currencies themselves – have received significant interest from investors and venture capital firms. Similar to any other industry, greater transparency and accountability is critical to promoting sustained, longterm investment. We look forward to working with the virtual currency industry and other stakeholders as our inquiry proceeds, and we move to put in place appropriate regulatory guardrails to protect consumers and our national security. |
|
|
|
Why didn't Bitsyncom get one?
If I were to hazard a guess, I might speculate that the Bitsyncom issue became a problem after all the paperwork and investigation had been done into this filing. |
|
|
|
If you had 50K to invest in bitcoin how would you do it?
Go to Las Vegas. Drop everything on black at the roulette table. Seriously though, it's probably not unreasonable to buy and hold $50K USD worth of BTC. |
|
|
|
http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html" New York’s top banking regulator sent subpoenas to 22 digital-currency companies, including BitInstant LLC and Dwolla Corp., to determine whether new regulations should be adopted to govern the emerging industry, according to a person familiar with the matter." ... "In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said." " Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter." Interesting times ahead.
|
|
|
|
This has everything to do with Yifu and Avalon. The guy who wrote the article is the same guy that was burnt in last weeks article by their unscrupulous PR exercise. He sounds pretty pissed off about Bitcoin scams and would probably love to know the truth behind why he became part of one and was slipped false info... Here we go! don't see bitsyncom mentioned.... Bloomberg: In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.
Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter. What ? http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html Well goddamn... |
|
|
|
Do I understand, you want vengance?
 |
|
|
|
|
Is another run of this being done that we might be able to order from ?
|
|
|
|
|
Have another 10gH/s of hardware coming in from ASICMiner, ~85gH/s from Steamboat's K16's if/when that materializes, and 400gH/s from BitFury hopefully in October.
After that, I really don't think I'm going to consider another upgrade until the first 1TH units start looking realistic next year.
|
|
|
|
The information is 100% accurate, the photos are real and the deal went down as described.
Don't get me wrong, I'd love to be all Fox Mulder "I want to believe !", but I'm going to have to be Dana Scully on this one, unfortunately. Wild story, either way. |
|
|
|
I really don't know what to make of that site. It's quite the conspiracy theory and accusation. The dude writing it doesn't seem to playing with a full bag of marbles either :/ |
|
|
|
I feel for you Xian,getting forced refunded was a bunch of bullshit...why would you bother going & ordering anything from BFL  *shrugs* I have no good answer for you, other than morbid curiosity. Was genuinely surprised the sale went through and my account with BFL wasn't locked after the ordeal of firing me as a customer. |
|
|
|
What is this "hedging" crap You pay @ current BTC exchange rate,you receive @ current exchange rate Agreed. This "hedging" statement does not stand to reason. |
|
|
|
What I find puzzling is how Yifu delays chips for 6 weeks, and gets shit all over, but people are STILL buying from BFL who's shipping YEARS late. Baffles me.
Both situations suck, but you'd think BFL taught people a little patience.
BFL have publicly stated their entire order backlog would be resolved by end of September. We have no reason to distrust them. A little bit more patience is all that is asked. Lets be reasonable. |
|
|
|
skeptics like you will never be convinced.
Respectfully, some of us more technically-minded people, who know a thing-or-two about things-and-stuff, are skeptical of the 28nm form-factor in a reasonable time-frame for a fringe product like this. Mid to late next year ? No problem. I could totally see that. 28nm NRE for Bitcoin ASIC projects right now is too cost prohibitive to be profitable given the current rise in difficulty and ASICs already hashing on the network. I would love to be proved wrong. |
|
|
|
We already know BFL wont gave refund and paypal wont gave refund after 45 days.
Considering I requested a refund, formally, within 45 minutes of the sale, I'm hoping it should be a simple one-time open-and-shut case, not needing to escalate with Paypal at all. All things considered, amazed I was able to order at all seeing as how they fired me as a customer. Will make a good-faith effort to wait until EOD Monday Aug 12th before considering escalating with Paypal, because, well, doing otherwise would just be silly for everyone involved right now... Wouldn't want for BFL to set up yet another Paypal account before allowing their current one to reach good-standing... --- EDIT: BFL left this message with Paypal when looking into the dispute process for the account belonging to " support@butterflylabs.com". I have gone ahead and emailed dave@butterflylabs.com for a refund instead of opening a dispute. Our Refund Process
We reserve the right to process refund requests on an individual basis. Pre-ordered products are non-refundable, as stated when placing an order, for the following reasons: * The funds are used in the build process, making the pre-order impractical to reverse. * To prevent Bitcoin price hedging. * To account for minimal customer service resources. We follow the US FTC's business guide for mail or telephone ordered merchandise, which states that: if no delivery terms are stated or agreed to, then 30 days should be assumed as the shipping deadline. Pursuant to which, we have consistently notified customers of our back-order situation, the non-refundability of their order(s), and the expected multi-month delay. Nevertheless, we realize unique circumstances can arise, such as when much distress was experienced by some customers during our long product-development phase. Please consider contacting dave@butterflylabs.com instead of opening a formal dispute process--- "Pre-ordered products are non-refundable, as stated when placing an order" directly conflicts with Paypal's pre-order service terms, to the best of my knowledge. Furthermore, the verbiage "Pursuant to which, we have consistently notified customers of our back-order situation, the non-refundability of their order(s), and the expected multi-month delay" is an attempt at justifying infinite delays. |
|
|
|
|
Show Posts
