BFL can't match the Antminer S2 which is shipping now.
BFL is last to market and first in lawsuits.

It is a time honored tactic. However, in this case the cause has been taken up by others like the FTC, the Kansas Attorney General, and several law firms. At this point, it is just a matter of having enough popcorn to last though the fireworks. BFL has already been outclassed in the marketplace and their failures to refund should rack up some impressive fines. Whatever cash is left over will get hoovered up by the civil lawsuits. That is, if BFL hasn't already converted all their pre-order funds into houses, cars, hookers and beer. 

Entitled to companies not lying and not violating the law. You seem to think anything goes, which I suppose you would have to in order to accept payment from BFL to shill for them.


Judging by your use of the word moot, it appears you do not understand what it means:
moot
mo͞ot
adjective
1.
subject to debate, dispute, or uncertainty, and typically not admitting of a final decision.

or you do not understand what beating a dead horse means:
http://en.wikipedia.org/wiki/Flogging_a_dead_horse
Flogging a dead horse (alternatively beating a dead horse, or beating a dead dog in some parts of the Anglophone world) is an idiom that means a particular request or line of conversation is already foreclosed or otherwise resolved

First you say the subject is open for debate and is uncertain, then you say it is closed or resolved. Don't you get tired of demonstrating your lack of education?

Yes you do not know what words mean. Yes I abide by the definition of the English language. Yes you call people stupid and little else. Pointing out that you are using words incorrectly and thus contradict yourself is not "tilting at windmills" There is nothing imaginary about your failure to grasp the English language and logic.

Regardless of your inability to express reality in print form, things have just started to heat up. Class action lawsuit. Individual lawsuits. Investigations by KS AG and FTC. BFL compelled to testify for Sonny's parole hearing. Lots of fun to come and we shall all be eating popcorn.

I see you refuse to rebut the actual issue and are now derailing the conversation again. I can't really blame you, you have no position to stand on.

My latests posts are your own words thrown back at you. Usually you don't understand what a word means and a simple link to the definition is enough. Other times you make a claim that can be demonstrated as false by quoting your own words back at you.

It requires so little effort to make you look silly one might ask why I do it? The answer is this: when people can read what the only defender of BFL posts, they are that much less likely to fall for BFL's scam. All I need to is run you in circles while you flail on about how BFL isn't to blame, it is all the greedy customers. 

I actually know exactly what IQ purports to measure. That is why I note that you have a small vocabulary and seem unable to expand it via Google, and I also note that you are unable to grasp logical constructs. One is due to your lack of education, the other is due to your lack of cognitive abilities.

It must seem to you that my posts are devoid of content, since it all flies over your head. If only you would put your hearing aid in, you might hear that wooshing sound.

All you can do now is call people names, since you are unable to rebut your own words.

If you are suggesting that BFL follows correct accounting and tax procedures, then you should have someone explain the transcripts of the parole hearing to you.

Bruno's miner came with terms. He had to stop talking about BFL on these forums. You merely had to continue.

White knights are deemed so by their actions. BFL is an embattled company in the press, you leapt in to defend them relentlessly and in the face of all incoming facts. That is what makes you a white knight. Had BFL not compensated you with mining equipment, you would not be a shill. Since they did and you attempted to hide that, you are a shill.

Bruno and Goat do not defend BFL, in fact they rarely if ever speak about them. Thus, they are neither white knights nor shills.

Simple. If you want people to stop thinking of you as a shill then stop shilling for BFL 

You already acknowledged you were paid in mining equipment, therefore BFL compensated you and thus you were paid.
You initially hid this arrangement from people, but Bruno outed you and then you admitted to it.
You have white knighted BFL here far past the point of what a reasonable person might (now you claim it was all just one big troll)
BFL's reputation here has never been worse, therefore your efforts to white knight resulted in failure.

Your claim that you can't be a paid shill and still fail at your job illustrates perfectly your inability to grasp elementary logic.
You yourself admitted to receiving compensation from BFL in the form of mining equipment. So were you lying? Did BFL really give you a miner?
If you can prove that you never received one, I would be happy to amend my statement to say that you are not a shill and merely a moron.
Were you suggesting that all people who are paid cannot fail at what they do? Or were you suggesting that you didn't fail and that your have successfully defended BFL's reputation on these boards?

No. But yet again you fail to understand the meaning of a word.

http://lmgtfy.com/?q=proselytize
pros·e·lyt·ize
ˈpräsələˌtīz
verb
convert or attempt to convert (someone) from one religion, belief, or opinion to another.

The part where you were given a 25GH/s Single by BFL for free in return for your positive review of their operations. You were not the first person they gave mining equipment to in return for misleading information posted on these forums.

If the trust rating can be so easily manipulated, then why doesn't BFL have +9000? I guess that is the part where you are not doing your job.

In other news, Bitcoin difficulty is at 8,000,000 and you still don't have your monarch. Close race, who will win?

First you say you understand quite well then you say it is an incomprehensible montage. I don't think you know what those words mean given how you used them together in a sentence.

I don't think that anyone here believes you have the faintest idea what electrical engineering is. No need to reiterate that point.

So, you invested in other cryptocoins and made money. Somehow if you convert that money to BTC, it makes BFL a profitable investment.
In reality, the only profit you made relating to BFL is the mining equipment they gave you in return for insulting folks on these forums from your chair in Iowa.

Being a shill, being a bad shill and being paid are not mutually exclusive. Being a shill implies you are being or have been compensated (I already linked the definition of shill which you did not read or did not understand). It is clear from the lawsuits and -9000 trust rating for BFL on these forums that you are doing a bad job. You have admitted many times to receiving mining equipment from BFL in exchange for proselytizing your review of their operations.

al·le·go·ry
ˈaləˌgôrē
noun
a story, poem, or picture that can be interpreted to reveal a hidden meaning, typically a moral or political one.
"Pilgrim's Progress is an allegory of the spiritual journey"
synonyms: parable, analogy, metaphor, symbol, emblem More a symbol.

Again with your nonsense and total lack of understanding. I feel we are doomed to post here explaining the meaning the words to you until time stands still or BFL delivers the monarch, which ever happens first.

Given that you don't understand what profit is, it is clear now why you bought from BFL in the first place. 
You deserve props for turning your losing bet with BFL into a lucrative consulting job misleading folks on these forums (and probably others as well).

Clearly, you do not understand the difference between profit and cash flow. BFL's CFO declared on the record there was no profit, only revenue. You claimed there were profits because there were revenue. That makes you the stupid one. If you would stop making random comments while trying to white knight, we wouldn't have to educate you on the meaning of words.

Obviously BFL has engaged in creative accounting to funnel money out of the company in the form of loans. They would want to show the smallest possible loss on their financial statements because that affects their ability to do business via credit lines, bank accounts, leases, purchase order terms, etc. On the other hand, on their tax returns they would want to show the largest possible loss. So the rosiest scenario has BFL only losing $139K and the worst case scenario has them losing as much as $839K.

As for BFL's cash flow, the money flowed from their customers wallets and into houses and cars for the defendants. Nobody (except you, and you are something of a nobody around here) disputes that.

This case is closed. All that is left is for you to spew nonsense at the cameras on the courthouse steps. Sadly for your benefactors at BFL, their legal troubles are just beginning and everyone around here (except you again, since you are a nobody) will enjoy watching them slow roast in the fires of our courts. Every minute, someone's refund gets turned into a loan for Sonny V and friends or goes to pay BFL's lawyers to extend the carnival ride for as long as possible.  You had better get cracking on that refund. 

Why does there "have to be profit"? From BFL's own chief financial officer while testifying under oath:
http://www.scribd.com/doc/217190031/2014-01-28-USA-v-Vleisides-Transcript

In terms of revenue, in 2012 the company did about $2 and a half million of revenue

I direct your attention that in the financial statement it was stated in 2012 there is a loss of approximately $139,000, whereas on the tax return it's $836,000.

BFL themselves said there was no profit. Their tax returns said they lost $839,000. Their financial statements said they lost $139,000. Yet they bought houses and cars with pre-order money when they knew they wouldn't be shipping product any time soon and they knew there were no profits.

It is very telling that you quote the revenue figure from the  USA v Vleisides 2014 transcript but leave out the part where there was no profit. Talk about cherry picking the data.

Pre-orders cannot be declared as income. They recorded as deferred revenue (by real companies, not BFL).

Generally accepted accounting principles require you to record income when you deliver the merchandise or provide the services. You must also either receive payment or have a reasonable expectation that you will receive payment. The reasoning behind the concept of deferred revenue is that you have not yet earned the income, and until you have, you have a potential liability because you will have to refund the money if you do not ship the order or provide the service.
http://smallbusiness.chron.com/deferred-revenue-vs-promise-pay-34293.html

Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been rendered or products have been delivered. Deferred revenue is a liability because it refers to revenue that has not yet been earned, but represents products or services that are owed to the customer. As the product or service is delivered over time, it is recognized as revenue on the income statement.
http://www.investopedia.com/terms/d/deferredrevenue.asp

BFL took their customer's money and bought houses and cars for friends and family of Sonny V. That is not GAAP. 

Transcript Pages 89-92 of the Probation Hearing against Sonny V. regarding BFL



Right now, Monarchs produce zero hashes per second so their efficiency is undefined.
The question is, will a Monarch actually be produced before Sonny's family spends all the pre-order cash on houses and cars?

Edit: I noted that Josh says they are shipping in 2 weeks... Never gets old. 

Don't take it personally. BFL has astro-turfed their own forums as well as these. Inaba/Josh was even caught out maintaining multiple accounts for the BFL shoutbox.
People here are naturally skeptical of random input from new accounts that relate a positive spin to BFL.

If you are Josh, then you have a date with a federal judge or two in the near future.
If you are not Josh, then thanks for the input. Even a broken watch (analog) is right twice a day so it stands to reason that BFL would have gotten something right eventually

Name:   norgan
Posts:   10
Activity:   10
Position:   Newbie
Date Registered:   April 01, 2014, 11:48:00 PM
Last Active:   April 24, 2014, 01:06:25 PM

Newbie account makes thread singing praises of BFL. Inaba magically appears to defend the thread. BFL white knight drools all over thread.
Is it 2012? 2013? or 2014?

A most excellent original post. Gmaxwell is to be congratulated.

Inaba
Trust: -1468: -12 / +5(5)
Warning: Trade with extreme caution!

and

http://arstechnica.com/tech-policy/2014/04/digging-for-answers-the-strong-smell-of-fraud-from-one-bitcoin-miner-maker/

STRONG SMELL OF FRAUD INDEED. 

In light of evidence presented at Sonny's probationary hearing, the poll needs to be modified to include "Never."

30-45 days? They should refund you immediately and hold that queue position while they sell it. Sounds like they have to raise more cash to be able to refund you.
Looks pretty bleak, hope you see some of your money back