Explain!
How am I wrong?
You've misunderstood pretty much everything. |
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PS: everything is on schedule now, our target is to be the first.  No demo? ): |
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All that has apparently happened is Tom is stressed out and many people are asking for refunds. That doesn't mean that there are no ASICs being produced; a buyout would result in a new company completing and selling the products.
Read the last messages! There are indications that there never was an ASIC and all BTC payers are screwed. <gmaxwell> LukasBradley: you might want to clarify what "discern any value whatsoever" means, as its a bit cryptic to me. I assume you're saying you weren't able to find evidence that the business has any valuable assets beyond other people's preorder money?
<LukasBradley> I'll be back online later to answer on the forum.
<LukasBradley> gmaxwell: Correct.
<LukasBradley> That does NOT mean assets don't exist. IE- chips or designs.
<LukasBradley> I jsut means that I was unable to get them from Tom.
Tom allegedly didn't turn up to the meeting. There were indications that he was too stressed to hand over the project that he had poured his metaphorical soul into for all these months. This certainly does not mean that there are no ASICs, or that bASIC is "out". |
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That thread or the post on btcfpga? I've been following the events, and I want to you to explain why you think it's "out". All that has apparently happened is Tom is stressed out and many people are asking for refunds. That doesn't mean that there are no ASICs being produced; a buyout would result in a new company completing and selling the products. |
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This is a unique time in Bitcoin's history. I don't imagine this will be repeated again. I think you lack perspective in not realizing that these products would have not been created without the pre-orders. It simply was not possible. In the future you would be a fool to preorder. Most understand that this process was a gamble. Some will win and some will lose.
Bullshit. BFL and other vendors could have gotten private venture capital. Instead they preyed upon the overeager bitcoin nerds who could not see beyond the insanely high hash rate estimates for the different "ASIC" products listed. Umm I thought in the initial anouncement, BFL stated that they DID receive a private venture capital investor? This is what I heard as well. |
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February 2013 is the next extension of the delay.
They didn't actually provide a hard date though; they suggested they would get chips this month, and obviously they can't assemble and test all of the units overnight. |
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BFL is next I would bet. The problem here was that there was too much pressure on one guy...BFL is structured differently. |
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ASIC is all about who is first to product. $100k is almost a drop in the bucket to get the products ready to ship ASAP.
This. A "prototype" in the ASIC world generally means waiting for a MPW round that happens to be using the setup you need...this could mean months and months. |
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Being produced? You realise that it takes a long time to produce them, right? This means that if the initial batch doesn't work (annoyingly high chance), it takes a long time to get the second batch. If that doesn't work either, you're forced to delay the shipment for a third, etc.
You are talkng out of your ass. Before ANY production runs (of ANY electronic device) are made the design is already completely prototyped and working. No person in the world will run a production batch of an untested unprototyped design. It would be a complete waste of money because it is almost 100% sure there will be some form of design error. You can only start making predictions about the time it takes for one batch IF you have a working prototype and your product is quite finished. THEN and only then do you invest money in an actual production run. The BFL delivery dates don't add up. They must know fully well that their 'dates' were unresponsibly optimistic. Furthermore it appears they are fully depending on some 3rd party for their product since they say they will deliver soon but still have no prototype. This propably also means that the 3rd party they take the product from still has to do all the testing phases etc before they can produce a batch. If their claim that BFL designed the chip themselfs is true then i don't think it is financially possible to run a batch without first going through several revisions which implies several more or less working prototypes. Since BFL doesn't have a working prototype (or at least are unable or unwilling to show it) you can SAFELY assume they are not ready for a real batch of any size. So for now BFL has given no reason whatsoever to trust that they will deliver anytime soon. In any case, BFL claims they have extra special super experience with delays from the FPGA batches and have therefore claimed that they will, for sure, deliver in october 2012. It is now January 2013, BFL showed an empty case on CES and they still haven't got a clue when exactly they will deliver. This just means they have no control whatsoever about the process. They have shown that the dates they mentioned were meaningless. One could even say their shipment dates are outright lies because they were never realistic in the first place given the fact that there is no prototype. Is that so? |
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What a mess  |
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Please just do it: answer, where are the chips?
From what I gather, they were delicious. |
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In BTC, I'm the authority.
lol |
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If the BFL single was called "xc6slx150 computation board" and had a chip with xc6slx150 printed on it (but was the Altera chip), then yes, that would be fraud.
For any arbitrary values of "xc6slx150 computation board" such as "BFL Single" and "xc6slx150" such as "BFL"? 0/10 |
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this has nothing to do with what chip they used.
Exactly, but someone quoted a post solely about the chip as evidence of "fraud". If they had intended to say "the specs were downgraded" then they should just say that, not (effectively) "herp derp chip fraud". I have no doubt BFL will eventually ship, although I highly doubt they will meet their 1W per 1GH/s rate though. History will repeat themselves, people just don't learn. Time will tell.
Agreed. |
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1) we are going to have to work on the statement we are betting on. That means that you are not certain that it is a scam. |
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I guess Micon's video brings a new meaning to BFL Fan Boys.
LOL
You misspelled "irrational BFL haters". |
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I just went back and skimmed some posts about the BFL single....stopped when the deja vu kicked in, which was pretty much immediately. Exactly the same "omg it's a scam", "omg they will never deliver"...
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4. Your original product was a fraud, in the sense it wasn't something you developed, it was a high end, end of life product you bought on the cheap and sanded off. This was eventually discovered and publicly documented, but mum's the word from your side. This leaving to the side the fact it was late and out of spec - maybe you got lucky at the last minute and otherwise your scam would have ended last year, who knows.
False. Provide proof or evidence to the contrary. Fully documented by ngzhang. None of the mining FPGA vendors "developed" their own FPGAs. They all designed boards, picked an FPGA and developed a bitstream. BFL designed boards, picked an FPGA and developed a bitstream. How exactly does using recycled FPGAs make it a "fraud"? You may be confusing it with the practice of sanding off a chip and printing a different and wrong label on it in order to falsely sell it as a different or new chip, similar to taking a 1GB sd card but labelling it as 16GB for sale. You're effectively complaining about (the equivalent of) an android phone, sold as having 16GB capacity, having a real 16GB card inside it, but with the label sanded off so that you can't see that it's a Sandisk, not a Kingston, even though the brand of the card was never mentioned in the phone specs. Oh noes! Fraud! If the BFL single was called "xc6slx150 computation board" and had a chip with xc6slx150 printed on it (but was the Altera chip), then yes, that would be fraud. |
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