I'll bet you a BFL jalapeno* they have no balance in their Paypal account =P
*ships in 2-7 years
Since BF Labs Inc. quit giving refunds after July 4, 2013, because they went into Full Production, producing 300-400 units a day, there was no need to keep a positive balance in their PayPal account. Ergo, any refunds via PP since then was out of their pocket if they couldn't claw back from Sonny Vleisides checking account, of which I'm pretty sure their bank is also not a happy camper. The only happy camper I'm seeing is Sonny Vleisides after he puts in a hard day jetskiing in the Ozarks. Life sucks for that guy! Josh's rainbow poodle is probably also a happy camper. And Jody's chickens. And the staff of 35 at Camp BFL who receive a handsome weekly paycheck off the backs of monumental assholes. Happy Camping! |
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People struggling to get refunds should probably also call Sonny Vleisides' probation officer in order to let him know about the situation. BFL changing customers' order statuses to "shipped" in order to fool the customer and/or paypal is clearly fraudulent.
His probation officer DOES read this forum. I'm sure a couple or months ago, Sonny gave him some line of bullshit, but the PO is no fool, and Sonny doesn't pay his wages. The last thing the PO wants to do is not act, for if something transpires after September 15, 2013, he'll want to make sure his ass is covered. Ain't that right, Sonny's PO? |
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Here's the latest by Robin Sidel who had her hands in publishing the Joe Lewis story. Bitcoin = Money, Says JudgeYou may not carry it in your wallet, but a federal judge in Texas has determined that bitcoin is indeed a form of money.
As a result, Judge Amos Mazzant, sitting in U.S. district court for the eastern district of Texas, says he has jurisdiction over a case involving a man who has been accused by the Securities and Exchange Commission of running a virtual currency Ponzi scheme.
The judge disagreed with contentions by Trendon T. Shavers that funds associated with his website called Bitcoin Savings and Trust shouldn’t be considered as securities because bitcoin isn’t considered to be money.
“It is clear that Bitcoin can be used as money,” the judge wrote in an opinion issued on Monday. He noted that the virtual currency can be used to buy goods and services and exchanged for traditional currencies.
“Therefore, Bitcoin is a currency or form of money and investors wishing to invest in (Bitcoin Savings and Trust) provided an investment of money,” he wrote.
The SEC last month charged Shavers, 30 years old, with raising more than $4.5 million worth of bitcoin from investors who were “falsely” promised a weekly interest rate of 7%.
Shavers couldn’t be reached for comment. |
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Bottom line, this was contrived.
Now, I ask you this: How much influence can I bestow upon a person who has never heard of Bitcoin before if I show them a physical copy of the WSJ depicting a whale investing $200M in some Bitcoin venture?
Think about that!
So, in the grand scheme of things, this scheme was to drum up support for this mining outfit...or something bigger? Honestly, I don't know. But I do know that even with this faux pas, further awareness was brought to Bitcoin in the VC camps. http://en.wiktionary.org/wiki/any_press_is_good_pressBeing mentioned in the media is beneficial to the subject because it gets publicity.
This phrase may be said after coverage of a scandal or a controversy. |
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Fucking fantastic if it's true! PayPal finally listened. Shut these bastards down!  |
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On the other hand BFL will no longer have an incentive to refund my Pre-order now that the Paypal carrot is not in front of the donkey. Crap I'm torn
One can always pay with...  |
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Fucking fantastic if it's true! PayPal finally listened. Shut these bastards down! For the guy above who loves images:  |
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So basically from a few BFL_Josh threads from the BFL forums I have come to the understanding that the Refund policy had to change because too many people were coming to grips (including myself) that BFL were not going to deliver. Deliver in time or not at all. The hedging allegation from BFL is a smokescreen.
Perhaps refunds were awarded on a case by case basis depending on how you paid. If paid by paypal well no because there are now too many refund requests (obviously) and Paypal would shut down BFL's Paypal account due to excessive refunds.
Can anyone confirm they just recently (after No refund declaration from BFL) that they have easily gotten a refund for a BTC payment?
From PayPal's point-o'-view, isn't a good faith refund, no matter how many, better in their eyes than 100's of customers complaining via their refund/fraud department. The results are virtually the same--refunds paid. If PP ToS states that no funds are to be used for the development of a product, and BFL clearly states that that's what the pre-order moneys are destined for, an automatic refund via PayPal should be granted without any further review. Anybody that believes that BFL is operating on the up-and-up without any missteps, sans the possibly acceptable common delays due to being in unfamiliar territory, is delusional at best, or working in concert with BFL in some capacity at worse. Since they opted to play with vinegar oppose to sugar, PG opts to maintain their chosen ph level. ~Bitcoin Elite Monumental Asshole (BEMA)~ |
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Before you buy it, make sure you check it out thoroughly. Nobody slashes the price of a house by 30% unless there is something wrong with it. If it wasn't slashed, I would have considered getting a 30 year mortgage to finance the $100 home. But at a 30% deduction, I'm now concerned that a banker wouldn't touch it even if I paid 50% down. |
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For those talking about repurposing large parts of the city for farming etc., you're right there is something to that. People should check out some guys actually doing it: http://theurbanfarmingguys.com/about (with video) We are the seed that died and went into the ground. We have purposefully relocated our homes into one of the most blighted and dangerous zipcodes in the U.S. 64127, Lykins Neighborhood, Kansas City to put down our stake for the youth and the poor and for the next generation. What is going to happen to us … who knows? We are a band of pioneers. We don’t claim this is good idea…. it is our lives. It runs in our blood… to rebuild the ancient walls and cultivate the life of the inner-city, here in the land where the Police helicopter is the favorite bird, and neighborhood meetings hold stories of wild drama, where dropping crime stats are our touchdown cheer. IMO these kinds of small start over communities are ideal places to integrate Bitcoin and bootstrap strong local economies. Thanks for that link, bud. I wonder if they could use an endowment from Bitcoin 100? |
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Was thinking the BTCitcoin community should snatch up some homes in Detroit after reading this article: http://homes.yahoo.com/photos/yahoo-homes-of-the-week-homes-listed-for-less-than-5-000-slideshow/Detroit metro home values are expected to rise 4.3 percent in the next 12 months — the current median home value is $89,600 compared with $161,100 for the U.S. — but more than 400 single-family homes are currently listed for less than $5,000. Could use BitcoinStarter to purchase a few with tier rewards being whatever we want to come up with as a community. Anyone think its a good idea?? Yet to read the rest of this thread, but many could be purchased for only a dollar. I came really close to purchasing several in the $100 range, but put that endeavor on hold. |
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Got word back from the university. Unfortunately, if a club wants to take donations it has to go through a web page on the university site. We can't have deposits going directly into the chapter's bank account. Side note: Legally, SSDP consists of two separate, distinct entities – Students for Sensible Drug Policy Foundation and Students for Sensible Drug Policy Inc. The former, as a 501(c)3 organization, engages in education and outreach. Donations to SSDP Foundation are tax-deductible. SSDP Inc, as a 501(c)4 organization, engages in advocacy, or attempts to effect change to law and policy. Accordingly, donations to SSDP Inc are not tax-deductible...
Your quote is from: http://ssdp.org/about/At least we're getting closer. On the same page... Values Statement
SSDP neither condones nor condemns drug use, rather we respect the right of individuals to make decisions about their own health and well-being. I feel more comfortable now endorsing this organization if someway, somehow a Bitcoin donation option were embedded (no pun intended [bed]) onto their website. |
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If all the June Minirig orders have received at least one 500GH/s unit, that's quite a few TH/s added to the net already.
Yes, all 6 mini-rig pre-orders from June 2012 have received 1/3rd of their order.  It's not everyday that a person pays for a complete product but only receives a 1/3 and is happy about it. Also, I don't think the same people who are receiving other units sans PSUs would do the same if they ordered another product of which their livelihood depend upon said purchase.  You have the option of waiting or taking delivery now sans the PSU. |
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Good Catch...searching for the post by Big_Fracking_Liar_Josh where he said that they were not using the Pre-order funds until they where in the actual build process. BTW asshole Josh you are not in the build process of my order as of now and you can't even tell me when that will happen so stuff your BS up yours!
In the very next sentence they explain why this is necessary: It's also been observed that some small number of customers have placed orders as part of a bitcoin price hedging strategy which involves multiple requests to cancel and then re-enstate their orders as market conditions change. Let's see how this works out in theory and how the small number of customers have taken advantage of the exchange rate. Months ago, a customer buys a unit for $2,000 and pays with X bitcoins. Customer later request a refund, it's granted, and they receive $2,000 in Y bitcoins (doesn't matter if the exchange rate went up or down). Then, the customer reorders, paying $2,000 once again with Z bitcoins, but is now in a much later queue position. As any idiot can see, the customer comes out like a bandit, and BFL was wise to stop this practice before it got outta hand. I aspire to be as SMART as BFL some day.  |
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They keep changing their FAQ for Refunds: BF Labs inc. are in damage control. www.butterflyabs.com FAQ internet site snapshots researched on Internet Archives WayBackMachine http://web.archive.org/web/*/http://www.butterflylabs.com/
Jan 23 2013 FAQCan I get a refund on my pre-order? Butterfly Labs, INC. is accepting pre-orders for ASIC based products, expected to begin shipping in late November or early December 2012. Your pre-order with payment confirms your place in line for delivery once we begin shipping. Payments made for pre-orders of ASIC based products now under development should be considered non-refundable until products begin shipping or 1 January 2013, whichever is earlier. Feb 26, 2013FAQ:Refund Request Question: I submitted a refund request to office@butterflylabs.com but haven't heard back yet. When can I expect confirmation? Answer: 3-4 workdays to start the refund process 7 workdays for wire 2-3 workdays for Paypal or bitcoin April 30, 2013 - July 25, 2013Can I get a refund on my pre-order? All sales are final unless we fail to perform. That means if we do not ship any machine at all. If you would really like a refund anyway, just ask and we'll probably be able to take care of you. Nonetheless, we reserve the right to handle it on a case by case basis. Refunds usually take 3-4 days to begin the process. If you paid with a bank wire, it will take an additional week or so for the funds to appear in your account. PayPal and Bitcoin refunds can take 2-3 days for the funds to appear in your account. Bitcoin payments and refunds are processed through a third-party vendor. The amount refunded is based on the US Dollar equivalent at the time the transaction is initiated. Presently Aug 7, 2013Can I get a refund on my order? A While we reserve the right to handle refund requests on a case by case basis, pre-ordered products are non-refundable as is clearly stated at the time of purchase. The reason for this is that pre-order funds are used in the build process which makes it impractical to reverse. It's also been observed that some small number of customers have placed orders as part of a bitcoin price hedging strategy which involves multiple requests to cancel and then re-enstate their orders as market conditions change. This has created an enormous customer service burden which is resolved by enforcing the all sales final policy. Some customers have asked why we've given order cancelation refunds to others, but they can't get one. The answer is that we had opted to process order cancelation requests during our long product development phase as a courtesy to those who endured the stress of the unknown. However, once full production began, a notice was sent out advising that orders would be shipped as produced according to the order queue and that if anyone was unwilling to endure the wait, they had a final opportunity to cancel. Customers were required to positively confirm their desire to remain in the order queue and accept the order terms. Pre-Order terms for new orders were updated on the website on April 1, 2013. The terms state, "I accept the terms of the sale and understand that all sales are final and there is a backlog of orders and production & delivery of my order may take 2 months or longer." As a Wyoming Corporation, we operate under the US Federal Trade Commission's business guide for mail or telephone ordered merchandise. The relevant guideline suggests that if no delivery terms are stated or agreed to, then 30 days should be assumed. In our case, we've gone to great length to ensure there is no ambiguity. Customers are/were notified of the back order situation, the inability to cancel their order and the multi month wait to be expected. Here is the relevant FTC guideline text: "when you advertise merchandise, you must have a reasonable basis for stating or implying that you can ship within a certain time. If you make no shipment statement, you must have a reasonable basis for believing that you can ship within 30 days." |
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No you're not, you just proved in your last post that that was a stock photo. Think about it. For those playing at home and need help, showing that Mo used a stock photo as his profile was my intent. Harriet followed a guy who didn't follow her, and she did such fairly recently. When she opted to follow him, he either had a wall of shit posts or now the only 8 tweets, three of which are in conversation with Frankie Terrier. The other thing I was trying to show is that if the stock photo was legitimately purchased for some other site, that same person could have opted to use it for his Twitter account. I've noticed that Ytterbium has struck it up my ass a couple times now, ignoring the first times. I wonder what goes through a guys mind that he feels he needs to diss a guy who never dissed him and is only trying to help. If an English speaking person with a poor command of said language were to come here espousing the same as I have, would you stick it up their ass because the spelling and grammar won't meet your standards? |
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I'm getting warmer! http://www.leverageacademy.com/aboutus_testimonials.php http://www.businessinsider.com/author/leverage-academyLeverage Academy
Leverage Academy is a global investment banking, private equity, hedge fund, and CFA training facility that has helped over 1,500 students to date secure careers in New York, Boston, Washington, D.C., Las Angeles, and Dallas as financial analysts and financial managers.
Our instructors have collectively over 55 years of experience working on Wall Street and teach courses in English, Spanish, and Mandarin (Chinese). Started by Bear Stearns Merchant Banking alumni, Leverage Academy and the LA Global Team provide the most current and relevant training and consulting services to undergraduate, graduate, and professional clients. A song by Neil Diamond comes to mind: https://www.youtube.com/watch?v=F4tXMYeUIls |
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Why did a seasoned reporter like Harriet Agnew who's selective about whom she follows on Twitter, opted to follow a guy named Mo Azeel (@MoAzeel) that never followed her and who posted vile tweets? The guy even used a stock image for his Twitter account. http://www.dreamstime.com/stock-photo-indian-business-man-smiling-image2020520  From Mo's Twitter account. One of the few people that Mo followed was Frankie Terrier who recently changed his name on Twitter to Andrew Laurus. Of the eight tweets remaining, three are exchanges with Frankie. That WSJ article was mostly comprised of what Andre/Frankie tweeted, then deleted prior to the original article being published. I'm still looking to see what Robin's role was in all this. BTW, if you search Google for Mo Azeel you'll find...wait for it...only 4 results. If was only three, but some monumental asshole mentioned his name on BitcoinTalk. Bottom line, this was contrived. Now, I ask you this: How much influence can I bestow upon a person who has never heard of Bitcoin before if I show them a physical copy of the WSJ depicting a whale investing $200M in some Bitcoin venture? Think about that! |
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Great! The WSJ correction still is behind a $1 pay wall? So I have to pay $1 to read that Joe Lewis will not and never planned to invest in Bitcoin? Copying the url to Facebook still gives me a great insight: Famed Trader Joe Lewis Backs Bitcoin
online.wsj.com
Joe Lewis, a billionaire foreign-exchange trader who teamed up with hedge-fund manager George Soros in 1992 to bet against the Bank of England, is the latest high-profile financier to throw his weight behind the virtual currency called bitcoin.
Like · · Share · Promote · 21 minutes ago ·
Here's an image of the actual physical copy of the WSJ article: http://i2.wp.com/www.teribuhl.com/wp-content/uploads/2013/08/wsj-joe-lewis-story-redacted.jpg Somehow all this stems from the first week of July of this year after Harriet ran the piece on the twins. I'm still diggin'! |
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