Yes, I would consider an at cost buy out, sure. The only caveat to that is I can't guarantee a shipping date at the moment, but other than that, I would be glad to sell at cost to be relieved of the responsibility. I would love to continue operating BFLS, but I simply don't have the time any more and my time is going getting more scarce as times goes on and BFL expands and I do not want BFLS to languish and become an albatross for everyone involved.
I'm not sure we are talking about the same thing. It sounds like you are talking about a 100% buyout of BFLS hardware/preorders by some individual from you. I was talking about the possibility of you offering to buy back shares of individual shareholders who want "out". For example, Ralph has 100 shares of BFLS. He wants out now. The at-cost value of 1 share is 0.06 BTC as I proposed in an earlier message. So Ralph's 100 shares are worth 6 BTC. So my question would be: Would you be willing to give Ralph 6 BTC now in exchange for his 100 shares? This is what I meant. Apologies if I wasn't being clear earlier. Oh, sorry... yes I'm still open to that idea as well. It's definitely not off the table at the moment. |
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I feel like I got caught in the middle buying a LS! It would have been much easier if BFL just came out with 1 unit size.
Very true, if the had just released the 5GH/s units in volume, kept the other designs on standby for a midlife speed bump, the entire industry would be different, they would have still sold all their chips, Avalon may have not released a thing, or it wouldn't have been 66GH/s. BFL drove up the net hash years before it needed to be, and cost themselves countless sales in the process. Well it's too late to do anything about it now, the arms race is up to 200GH/s per chip atm. No, you can blame that on Tom. He's the one who posted complete nonsense as far as specs go. There was nothing for BFL to do except match his specs. You'll notice that after that speed bump, I posted that we'd match any SHIPPING device, which is what I should have done from the start, but we'd already raised the specs so it was too late. Similar things are happening now with the new ASIC providers, but fortunately there are actually chips in the field this time around, so no matter what you announce as specs, a working chip today is vastly superior to a non-existent chip tomorrow. That's not entirely true is it. The majority of chips 'available today' are not available to purchase and receive within a similar time period. Most are merely fulfilling pre-orders taken some time back. Aside ASICminer who grossly overcharge for the luxury of having their tech now are the only company with the means to offer such devices... I'm not sure where you are getting your data, but BFL is the only company shipping ASIC's in any meaningful quantity and hashrate at the moment and looks to be for the next month if you believe any of the estimates out there (which are, frankly, quite unlikely to come to pass), or for the next few months once reality catches up with many of the clones and new vendors. This is just speculation of my part, of course, but the facts at the moment are BFL is the only ASIC company shipping consumer devices in any reasonable quantity/hashrate. If the BE's drop to .6 BTC, they might see a return on their investment, but I doubt it even then. |
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Ridiculous? How is it ridiculous to assume that you're mining BTC on equipment before shipping it out, makes sense to earn the extra profit does it no?
Really? Dude, go back and read what you wrote. You are making an assumption based on ZERO evidence and in fact there is evidence to the contrary that refutes your assumption fairly handily. So either you're just too ignorant to understand the simple evidence in front of you or you are maliciously posting false information. If the former, you should not be posting (yet you are, so you're wrong) or you are just an asshole. In either case, that makes you an asshole for posting about things you have no qualifications to comment on or ability to understand or you're just posting to be an asshole. I claimed that you were somehow selling shares- Yeah I fucked up big time there.
Reading comprehension failure- I didnt read the thread, I was linked into it, So i'd say that this is a moot failure on my part Yeah, you did. So you wonder why you get an insulting response? Really? That's my point, you didn't read the thread and then you went on to make accusations and comment on something you knew absolutely nothing about. That hardly makes it moot, as that's the entire premise of your argument. Then there's this little gem: BFL's COO/CFO/CEO/Guy spearheading the company is a Convicted Fraudster. Get a refund ASAP! This just makes you a lying asshole. Case closed. |
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No, I throw out insults because you're a a liar, get it straight! I don't care about your spelling or grammatical errors, but they just serve to illustrate what an idiot you are.
Inaba, I only just recently got into the bitcointalk forums, even though I've been mining for a long time. I have to say I'm seriously confused about why you're acting this way. Presumably you'd like to sell your chips and continue to sell miners, right? You're coming across as incredibly childish and immature here. All you have to do to shut up all your critics is deliver, if you get your chips and your miners out there and they'll have nothing to say. If I were looking to buy ASICs in bulk, I'd have serious reservations as it is - and there are a number of very credible competitors out there at this point. If you're acting this way on forums it doesn't instill a lot of confidence in your company at all. Obviously I don't know the history - and clearly it goes back a long way with certain people. But if you come in here and insult people, but then don't answer the pertinent questions people ask it does look bad. Also, I think you should at least try to be more understanding with some of your angry customers. I know delays happen with electronics, and normally it isn't that big of a deal. But if you'd delivered what you promised on time a lot of these people might be rich now. With every day they don't have their product, they see that wealth slipping through their fingers. I have to say I don't really get it. You'll probably want to go back and read previous threads to catch up, then. Lots of people similar to Jackrabiit like to make up lies and misinformation to smear BFL because they like the attention. I'm not here as a BFL rep, so you get my opinion of the post content or the person posting, not BFL's. The signal to noise on this forum is so out of whack, it's completely immaterial what happens here - this subforum is no longer relevant as far as business goes, as there is simply no way to separate the BS from the truth with people like PG, Jackrabiit, et al posting completely false information over and over in an attempt to confuse everyone because I hurt their wittle feewings. So to answer your question, no we do not want to sell miners or chips to people who are more trouble than they are worth as far as customers go. People like Jackrabiit, Xian, Jordan, etc... cost more money to retain as customers than they generate in revenue, so they are a net loss and need to go, go go! I'm very understanding with angry customers. I am not understanding with non-customers who make up false information or even customers who continually lie over and over in an attempt to get others to cancel their orders because they think it will make their orders more valuable, or simply for grins. If you want adult conversation and not a bunch of children bitching and moaning about how sad they are and acting like a bunch of mentally handicapped emo-teens, I suggest the BFL forums, where the riff-raff and trolls are kept at bay fairly well. |
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Congrats thebrit!  Add a few more GH/s and you'll be secure in your place for a bit. You've already found a few blocks, I see! Must be nice man! |
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Yes, I would consider an at cost buy out, sure. The only caveat to that is I can't guarantee a shipping date at the moment, but other than that, I would be glad to sell at cost to be relieved of the responsibility. I would love to continue operating BFLS, but I simply don't have the time any more and my time is going getting more scarce as times goes on and BFL expands and I do not want BFLS to languish and become an albatross for everyone involved.
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I feel like I got caught in the middle buying a LS! It would have been much easier if BFL just came out with 1 unit size.
Very true, if the had just released the 5GH/s units in volume, kept the other designs on standby for a midlife speed bump, the entire industry would be different, they would have still sold all their chips, Avalon may have not released a thing, or it wouldn't have been 66GH/s. BFL drove up the net hash years before it needed to be, and cost themselves countless sales in the process. Well it's too late to do anything about it now, the arms race is up to 200GH/s per chip atm. No, you can blame that on Tom. He's the one who posted complete nonsense as far as specs go. There was nothing for BFL to do except match his specs. You'll notice that after that speed bump, I posted that we'd match any SHIPPING device, which is what I should have done from the start, but we'd already raised the specs so it was too late. Similar things are happening now with the new ASIC providers, but fortunately there are actually chips in the field this time around, so no matter what you announce as specs, a working chip today is vastly superior to a non-existent chip tomorrow. |
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I think there was only a handful of additional shares sold since the demise of GLBSE, so I'm not sure that the share valuation on most of the shares had that taken into account. Just my a side note, not that it really affects anything at the moment.
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No, I throw out insults because you're a a liar, get it straight! I don't care about your spelling or grammatical errors, but they just serve to illustrate what an idiot you are. If you're going to lie and attack someone or some thing, you should at least put some effort into appearing intelligent. You failed, so I figured I'd point out the fact that no only are you lying, but you're doing it poorly and you look like an idiot in the process.
Your claim that BFL is mining with customer equipment and not sending it out is patently ridiculous. Your claim that somehow I am selling shares, paying shareholders and keeping the equipment is patently ridiculous and in fact just the opposite has been stated in the threads you failed to be able to read and understand (Hence the reading comprehension fail).
You want to post negative information about me or BFL? By all means, go ahead. You'll notice the only people I have a problem with are the ones who are lying sacks o' crap, such as yourself. Stick to facts and be honest and you'll get no problem from me.
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... This is why we no longer give a shit about this forum; Everyone here is monumental assholes, no matter how accommodating one tries to be. That is the vital info that is concerning me. If the employees have large hashrate positions of their own, then it would be in their best interest to not ship orders until China takes the difficulty through the roof. Does this help? https://bitcointalk.org/index.php?topic=89902.0Mining on customers paid hardware who you conned into being investors of the product they paied for half a year in advance of thier creation AND selling shares from those Conned Customers (INVESTORS) devices? Wow, Just fucking wow. If you have paied for a BFL device and havent recived it yet, Odds are that its because bfl is mining coins off of it and selling people shares of the coins in pulls in In addition to spelling and grammar problems, it's clear you also have reading comprehension problems. You have the trifecta going on, there. The hat trick of stupidity, as it were. I'd give you a quarter to go buy a clue, but you might as well take it from Bryan, he's never used it. |
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JackRabiit, please take your lies and misinformation somewhere else. This is not the thread for it. You can't spell, you have no grammatical skills, you apparently can't even post a single actual fact and your signature is full of misinformation and lies as well. In short, please go away. It's obvious you've not even read this thread, you just want to throw your uninformed, useless 2c into the ring because it makes you feel special and you need the attention to validate your existence.
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Shares have not been accumulating any dividends. All dividends have been divided up equally between active shareholders.
WTF?! You did not contact me after the GLBSE meltdown and then you give away the proceeds from my share to other share holders as bonus? It was certainly not part of that contract that I have to be proactively reading this thread to receive any dividends (that you could easily have sent me as you (still) have an address associated with my share). Since when does one have to be "active" to be a share holder? I'm certainly NOT pleased in how this is/was handled...  You had months and months to claim your share. I sent out multiple emails and made multiple posts. All unclaimed shares (less than 100 of them, 34 if I recall properly) were considered abandoned. So yes, I did contact you, you failed to respond, sorry! |
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Shares have not been accumulating any dividends. All dividends have been divided up equally between active shareholders.
I should reasonable expect the ASICs within 3 months, that's almost guaranteed. I'd say even 2 months. 1 month is iffy. If people want to hold on to it and then sell the in hand ASICs when they arrive, I'm certainly willing to do that.
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Option 1 is probably the best way to go, although it's hard to value the upgrade's in a sale price, since I don't have a specific ship date and there's no way I would even begin to guarantee one at the moment. That's my only concern with that.
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<in the voice of BFL>
IMPORTANT UPDATE II
Team BFL is one of the top rated Minecraft teams in the world and will be attending the next competition next month. We are seeking donations to pay for our trip. Please email or PM us to get our private Bitcoin address.
We already gave them our money so they could mine with our hardware and not ship it (assuming it actually exists), so why not give them more money so they play minecraft too? I like how you think! Day two of not receiving a letter from BFL's lawyer. Suffice to say, anybody who was in the process of suing BFL but changed their mind because they didn't want a countersuit, can now rest assure that that that's a mute issue. Your lawyer will be able to present this thread to any judge, whereupon he/she will throw out such a libel countersuit. It was because I was approached by three different people siting concerns about sueing BFL and getting countersued that I opted to take it upon myself to try to get sue. As all can clearly see, the thieving bastards thought it wasn't worth their time to sue a piece of shit named Bruno Kucinskas residing at 406 W. Center St. in Sandwich, IL, who just so happens to have a totem pole in his yard depicting an image of Honest Abe. Now, if you excuse me, I have to some barn wood to clean that I stole last night, coupled with stealing more funds from Bitcoin 100, per jizz-face Josh Zerlan.  Are you saying that asshole accused you of stealing from Bitcoin100? Does the idiot know that all transactions are visible in the blockchain? Hell, you covered donations (out of your own pocket) for deadbeats that pledged funds in the beginning but failed to send the coin. I hope he lips off in person to someone in real life, like he does here, that beats his pussy ass into the ground. Yea! The fuckturd even thinks I have a site on the side collecting funds in the name of Bitcoin 100 and pocketing the money. I challenged him to find such a site and if he does I request that I be permanently banned from BitcoinTalk. I honestly believe that Josh won't let BFL's lawyer sue me because he would be instructed by his lawyer to not direct any futher conversation toward me, and that would make him sad. Before I entered on the BFL mining scene, Josh was the big bully sticking it up a myriad of bitcoiners asses. I felt so left out, I wanted some that action to show him how I could be a bigger bully. I don't think he likes it very much when people don't step down from his attacks. Let me just say this: Josh and Joe WILL be looking for another place to host them miners unless BFL gets them firetraps FCC and UL approved. For the life of me, how the fuck did BFL not go through the simple process and outlay a few bucks to not have to deal with this issue is beyond me. And to have Josh come along and lie about getting approval in a couple weeks but nary a mention about BFL on the FCC is totally uncalled for. If they lie about this, something we know not to be true, what the fuck else are they lying about? BFL and Josh would rather attack those asking questions and presenting facts then remedy situations like any viable entity would do. How Sonny Vleisides is able to promote lottery and sports betting schemes on his webspawning site is also beyond me. Needless to say, his probation officer is well aware of such pages. The only thing left for me to continue doing is to warn as many bitcoiners as possible to get outta BFL while the gettin' out is good. Afterwards, Josh we be here lying his ass off about how he was left in the dark and was a victim as well. At such time I will be the first to say, "Fuck you, Josh!" 300 units a day, my ass! Proven to be a lie, yet I'm the one getting attacked. Josh, go fuck yourself! Sonny, lube your ass! Indy, you father is a thieving prick! Sonny's wife/girlfriend is an idiot for not doing her due diligence by Googling the name Sonny Vleisides and seeing firsthand his lottery scheming past. If she did see it and still opted to be with the prick, then she's a bigger idiot because of it. Sonny promised after his first two posts that he'll be back to post more. We're still waiting, asshole! Changed your ways, my ass! All we've seen is lies, lies, and more lies. You even had to hire the poor little Josh to lie for you some more while you scam your ass off on your webspawner and lottery/sportsbook landing pages sites in the comfort your own little office. And to think I'm the crazy guy here. Well, fuckturds, you all have another thing coming. I'm playing to win. And win I shall. You guys have fucked up big time! Haha this is so awesome. Quoting it so you can't go back and change it later. PS - Why are you so obsessed with jizz? |
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Yet another one of Bruno's lies: ~Bruno Kucinskas~ (my real full name, sans the Jr., verifiable, for your doxxing pleasure) Huh, name posted by Bruno himself in March... yet somehow I'm the first one to post it. Yep... more honesty from one of the biggest scammers in Bitcoin, Bruno Kucinskas aka Phinnaeus Gage. How'd that 30% of sales thing go? The reply I quoted is in reference to me stating that Bitcoin 100 will become self-supported. Over and beyond the 1% referral fee earned, of which won't occur till further down the road, I'll be starting up an entity of which 30% of net sales will go directly into the coffer of Bitcoin 100. Straight to your pocket, I'd wager. Quite the little scam you have going on there Bruno. Stealing from a charity, quite a class act! |
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It's really not that uncommon for a company to a long time to deliver a product. If you look at stuff done on Kickstarter, things got funded and took way longer to deliver then promised. The only difference is that with bitcoin hardware, a lot of the value is tied to when you get hardware. If it comes to late, it's worthless.
For things like android watches or whatever, customers are not going to care that much, they're just buying a toy and their lives will go on if it's a year late.
But I don't think BFL will be criminally liable as long as they ship all their products, even if it takes 2 years and the miners don't even pay for electricity once they finally reach customers.
And BFL is well aware of the loophole. Legally, they can deliver one unit a day and be within the confines of the law. But they opt to send out a dozen units a day to keep the refund requests as low as possible. For those patiently waiting for units, Josh is currently in his office penning posts on this forum, posting private PMs sent to him. Any other employee, whether a COO or not, of any other company doing such, would be immediately terminated. That said, why is Josh still employed at BFL? I think the last thing that Sonny Vleisides wants is more heat bestowed upon his beloved up-and-up enterprise. I formally request that BF Labs Inc. immediately fire Josh Zerlan from their company before he starts releasing private information about BFL's affairs. Sonny: Josh, I'm sorry to say this, but I have to let you go. Josh: But,...  More homophobic hyperbole from Phinnaeus Gage AKA Bruno Kucinskas! You go, Bruno! Show the world what a bigoted, irresponsible liar you truly are! |
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We had a hell of a run just before that... karmic retribution apparently.
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Oh, I just looked it up now that this thread reappeared and it seems I have still one single unclaimed share in BFLS.RIG...  Any way to still claim that? Could I please get an answer on this one?!  Not really, Sukrim. It's all pretty much done and buried at this point. Do you have other shares already active or just that one? |
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And I'm the piece of shit! Remember, I'm not the guy currently on probation waiting for my probation period to end, all the time hanging onto to as much of the pre-order money as possible.
300 units a day my ass! No, you're not, Bruno. You're just a confirmed thief who embezzles fund from charities and steal wood from local properties that you resell on Cragislist. Yeah, definitely a stand up citizen, you are. |
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