Excellent news, hopefully he gets plenty of time in a nasty place  I'm guessing a year--time served--and a fifty buck fine, half the amount that Sonny Vleisides got for ripping off poor little old ladies totally millions with his lottery scheme. Reason? Trendon did this to fellow bitcoiners ONLY! Not a single non-bitcoiner lost a single satoshi with his scheme. Think about that for a second. Enjoy the following: This is a great exercise, I just hope people stay the course and realize this is not just, " someone did something wrong in the past let's forget about it. "
The guy pulled a multi-million dollar scam and people here and elsewhere have invested hundreds of thousands of dollars in upfront money which can be EASILY stolen since the bulk of it is in BTC.
I have heard many of the same excuses so far in this matter which were used to justify pirate40's behavior. Stop being so naive and understand this is not just someone getting arrested in the past for a minor crime.
Any legitimate business owner would have to answer to this in the real world.
I hope it works out and if BFL has good intentions then this should end the criticism's of their company once and for all.
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If 9000 GH/s = 90 TH/s, how does 40,500 GH/s = 40.5 TH/s? I did the same math, removing two 0's.
Your level of stupid never ceases to amaze me. I don't even know how you maintain respiration. It seems your autonomic nervous system would have decided to pack up and head to more lush pastures, like a desert somewhere, so that it can die quietly and finally be free of you. If you paid me a quarter to suck you dick, would you brag about it on the internet? I autonomic nervously await your reply. Now, what about that lawsuit. Is BFL going to sue me or not? We'll just add poor grammar, spelling and homophobia to the list of things that make you a worthless piece of shit and a pathetic human being. Like the list wasn't already long enough. So not only are you a confirmed liar, you're also a homophobe, excellent. You are a real piece of work. Now, why don't you go back to grade school and learn basic math before talking shit on the internet? I don't think you meant to add grammar and spelling to the list that supposedly makes me a worthless piece of shit because I can provide links of your posts and sites scattered across the internet showing common errors that somebody of your intellect should not have done. Putting grammar aside, let's do some simple math and revisit the calendar, for obviously you failed them two courses. When is the Jalapeno getting FCC approval?
Maybe two weeks? We are waiting for the test lab to issue the test report. With the bump in power requirements on the MR and the new screen, we had to make changes, although the new screen is already certified. We are doing all the devices at once, since they all share the same board. Note the date of your post. Add two weeks. Then add two more. Keep doing that until you reach the current week. Notice anything? We are still waiting for the FCC certs you promised. And your promises are as good as gold because, unlike all of us, you don't lie. Am I beating a dead horse? YOU'RE GODDAMN RIGHT I AM! You, Josh, have yet to re-address the FCC issue since you have first mentioned it, in spite of even your loyal customers kindly asking for further development. I await your reply to this post, pointing out some grammatical error on my part, for that'll be more FUCKIN' important than addressing the FCC issue. 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! |
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What does that article have to do with Sonny Vleisides or BF Labs Inc. (Butterfly Labs)?
Did BFL or Sonny Vleisides engage in ponzi scheme fraud?
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Except when you buy a product, you are not considered an investor. Unless the pre-order money was used to develop the products. Nope, that still doesn't change your status as a customer. And it has yet to be proven that they've used pre-order money to develop the products anyway. I guess it is possible to not use a single satoshi of the pre-order money, depending solely on the original VC and FPGA sales to: Purchase all the parts needed to build ASIC miners (BFL stated all they needed, they had, sans the chips in late 2012); Repurchase a many of the same parts, but redesigned because heating issues; Pay for the new warehouse buildout; Pay a staff of 22+ starting the last sale of the FPGA to until a trickle of ASIC were handed over to a dwindling swarm of locust; Pay the temp service; Pay for the new neon signage in the lobby; Purchase equipment off eBay, currently displayed in their facility at the most inconvenient location, namely the front the building known as the lobby, adjacent to the neon sign; Pay for the CES booth, along with transportation and lounging of at least two BFL employees; etc. Possible, but not likely! I can easily make the above list a helluva lot longer, without a single hyperbole incorporated. But, I assume you get the gist. The bottom line, it is completely impossible for BFL to do what they claimed they did without touching pre-order moneys. Yes, I don't have proof, nor anybody else, for we're not privy to their finances, and that's a good thing. But we don't need to see physical proof, for logic dictates elsewise. I forgot to mention above the cost involved to manufacture the chips--TWICE! Fuck me! I just now remember all the advertising they splashed throughout the internet. Here's my question: What is the maximum amount of profit that BFL could have recognized from the sale of their FPGA line? What is the reasonable maximum amount of money they could have received from a VC? Add those two numbers together? What is the sum? Now add all the expenses BFL had starting from the sale of the last FPGA to a time frame that they would be legally able to use partial funds of the pre-sale moneys of the ASIC line. Subtract! If one does not come up with a negative number, I want to invest in their endeavors, for they are fuckin' geniuses. Now, I ask one simply request: Show me a model, on paper, of how BFL was able to spend more moneys than what came in without touching a single satoshi of the pre-order moneys under fairly recently recently. If you can't, then it's consider an investment, funding their entire operation. Remember, BFL loathes the very community that was kind enough to help them with their endeavor. This is a fact--THEY LOATHE THIS COMMUNITY! |
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You guys also dissing Josh better watch it! Soon, all those who had BFL ads in their sigs, will be here to ream you all a new one. Especially the ones that won the contests and are waiting for their prizes. And waiting, and waiting, and waiting...
Can you imagine sucking dick and not getting paid? (those living alternative lifestyles are not included in that statement, nor am I being judgemental)
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If 9000 GH/s = 90 TH/s, how does 40,500 GH/s = 40.5 TH/s? I did the same math, removing two 0's.
Your level of stupid never ceases to amaze me. I don't even know how you maintain respiration. It seems your autonomic nervous system would have decided to pack up and head to more lush pastures, like a desert somewhere, so that it can die quietly and finally be free of you. If you paid me a quarter to suck you dick, would you brag about it on the internet? I autonomic nervously await your reply. Now, what about that lawsuit. Is BFL going to sue me or not? |
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Sailing the blue sea
riches rattling below deck
law sinks the vessel
Sailing the blue sky Seated on butterfly wings Law sinks Vleisides |
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They will never sue you or anyone for anything.
They will try as hard as they can to stay out of court.
Hopefully, they will fail.
They have defrauded their customers of incredible amounts of money.
Hopefully, they will (in due time) end up
in the next room over from Mr. Trendon Shavers.
Hell, put 'em in the same room and let 'em spoon in the sole cot. |
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What does that article have to do with Sonny Vleisides or BF Labs Inc. (Butterfly Labs)?
Did BFL or Sonny Vleisides engage in ponzi scheme fraud?
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Except when you buy a product, you are not considered an investor. Unless the pre-order money was used to develop the products. |
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What does that article have to do with Sonny Vleisides or BF Labs Inc. (Butterfly Labs)?
Did BFL or Sonny Vleisides engage in ponzi scheme fraud?
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. |
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To misquote what MNW once wrote about Pirate: I like Butterfly Labs for one, even if they are running a likely illegal and undercover operation for three reasons: - They make bank
- They piss everyone else off in how they do it
- No one can stop them because people follow the money
- They don't constantly defend himself on a bullshit unrelated forum, sans Inaba when he's off his meds
What do they call this in the real world again? Oh yea, professionalism. |
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I'll just add this quote to this one: Howdy Y'all
So there seems to be an ever-growing list of topics and links regarding information about what exactly I do to pay my lenders. Most of the information seems to be fabricated by people wearing pointy foil hats. On the other hand there are a few respected members of the community that seem to have fallen into the FUD world which has become... this forum. As you can imagine, knowing what I know about what I do, it's been pretty entertaining to watch. I must admit, I do enjoy the thrill of getting a reaction from some of these nuts, but there does come a time when you have to stop throwing fuel on the fire. I like that quote. It's so Zerlan. You're just saying that because there's an extra space after each period. You'll love the next quote by Trendon. Q - Are you running a drug ring and laundering money for Silk Road?
A - Are you kidding me? I live in the US. If anything I was doing was illegal, my CPA, attorneys, and scariest... my wife would have my head. So to make it clear, nothing I'm associated with is illegal. |
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Do people need to be hit over the fuckin' head to be shown that BFL is not operating on the up-and-up?
Yes Mmmkay!  |
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The only question is: where is the money?
Someone obviously took it, and IMO pirateat40 was just a poor sucker, in all this scam.
Didn't he ''invest'' the coins in another ponzi? You know what? That's a valid point! Maybe not a ponzi, per se, but a business. I believe that Trendon Shavers was the VC that funded BF Labs Inc. I think the SEC should look into Butterfly Labs to make sure that wasn't the case. It sure would explain why BFL never stated who the VC was, in spite of many request. Phinnaeus, You need to try harder on this crusade youv'e got going on bfl, do something that really affects their business and then you've got something! Maybe a couple of websites, some adwords campaings etc. I'll just add this quote to this one: Howdy Y'all
So there seems to be an ever-growing list of topics and links regarding information about what exactly I do to pay my lenders. Most of the information seems to be fabricated by people wearing pointy foil hats. On the other hand there are a few respected members of the community that seem to have fallen into the FUD world which has become... this forum. As you can imagine, knowing what I know about what I do, it's been pretty entertaining to watch. I must admit, I do enjoy the thrill of getting a reaction from some of these nuts, but there does come a time when you have to stop throwing fuel on the fire. |
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Please tell me you pulled that list out of a folder tagged "Incriminating material in case I need it" I don't think so, GH. He took 30 minutes to search this forum.  |
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The only question is: where is the money?
Someone obviously took it, and IMO pirateat40 was just a poor sucker, in all this scam.
Didn't he ''invest'' the coins in another ponzi? You know what? That's a valid point! Maybe not a ponzi, per se, but a business. I believe that Trendon Shavers was the VC that funded BF Labs Inc. I think the SEC should look into Butterfly Labs to make sure that wasn't the case. It sure would explain why BFL never stated who the VC was, in spite of many request. Phinnaeus, You need to try harder on this crusade youv'e got going on bfl, do something that really affects their business and then you've got something! Maybe a couple of websites, some adwords campaings etc.  Funny thing is others were saying the same thing about Pirate till after the fall, then a different tune was heard a playin'. Do people need to be hit over the fuckin' head to be shown that BFL is not operating on the up-and-up? |
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The only question is: where is the money?
Someone obviously took it, and IMO pirateat40 was just a poor sucker, in all this scam.
Didn't he ''invest'' the coins in another ponzi? You know what? That's a valid point! Maybe not a ponzi, per se, but a business. I believe that Trendon Shavers was the VC that funded BF Labs Inc. I think the SEC should look into Butterfly Labs to make sure that wasn't the case. It sure would explain why BFL never stated who the VC was, in spite of many request. |
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hey there. just found this post after someone mentioned it in my thread: https://bitcointalk.org/index.php?topic=261280.0i've had a look through a couple of your posts and the site and it looks like a lot of people have rejected bitcoin from you. have people started warming to the idea of it now or do you still get a lot of rejection letters? A charity near me has recently updated their website saying they are willing to accept bitcoin online. I'm just a bit worried it will negatively affect them with the whole stigma around bitcoin still. the thread seems positive so far so hopefully it's just me being paranoid. Maybe give them a think in your bitcoin100 venture lord knows they could use any help they can at the moment! Feel free to link the charity's site on this thread of PM it to me if you feel more comfortable doing such this early in the process. EDIT: I found it: cheer4all.org I hate to say this, but there seems to be a few red flags raised with this org. Is there any way that the people behind it can come here to state their case? |
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https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539730583#.Ue7UNtKsgS_“Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office. “Shavers preyed on investors in an online forum by claiming his investments carried no risk and huge profits for them while his true intentions were rooted in nothing more than personal greed.” Feel free to post if you honestly believe that the SEC is not looking at Sonny Vleisides or BF Labs Inc. (Butterfly Labs).
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Lets say BFL can ship 300 units per day. For the sake of argument, lets say those units are little singles.
300 x 30GH/s = 9000 GH/s per day shipped.
That means in the last 10 working days, BFL claims to have shipped 90 TH/s.
I see Avalon's batch 2 arriving and the ASICMiner increase in hash rate. I don't see the extra 90TH/s BFL claims to have shipped.
Fuck that! What about 300 units a day for the past month and they are all Jellys?
300 X 30 = 9,000 X 4.5 = 40,500
That equates to 405 TH/s shipped.
And we know Goddamn well that they ordered units themselves to be hosted at the Josh's and Joe's data centers under the guise of foreign miners not wanting to pay the shipping fees or the hassle, both of which is a mute issue since these people don't really exist.
Fuck, they probably placed names in the queue for those mega-miners for the purpose of not only mining with them, but to sell them on the open market, i.e. eBay. Math. This is why I love Bitcoin. The provability of the blockchain. If BFL shipped 90TH/s or 400TH/s we would see it in difficulty. Actually if anyone was mining with that gear (BFL or owner) we would see it in the difficulty. So the bad news is that even if BFL is self-mining they are doing so with such a small amount of hashing power as to not be meaningful in context of the amount of orders they have promised. The numbers posted above are wrong, the actual value is not 405 Th/s but 40.5 Th/s. Has the network increased by 40.5 TH/s since BFL started shipped? Definitely. If 9000 GH/s = 90 TH/s, how does 40,500 GH/s = 40.5 TH/s? I did the same math, removing two 0's. |
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I will give away vintage bitcoins for a one bitcoin dollar equivalent donation each to a yet to be named charity of which I will handle.
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