Indeed, the bottom line is we are working to improve customer service and our shipping times. We just shipped orders from the first of August, so we are getting caught up there. I have been working hard on the customer service issue as well as the shipping issues. We are also working very hard on getting the ASICs out the door on time. We are really beefing up our production capacity and moving everything we can in house. We've purchased a pick and place machine, an oven, stenciler and other equipment to manufacture all the boards in house. This means we can produce as many boards as we need without being at the mercy of board manufacturers and their timing/runs.
Our ASIC chip is 100% original IP and we will have as many chips as we need, when we need them. We are standardizing a lot of our equipment, so we can keep massive quantities of inventory on hand (at least 6 months of production work is the goal), allowing us to crank out units - literally - 24 hours a day, 7 days a week if need be. We've hired more personnel and will be hiring yet more people as we gear up.
The ASIC generation is going to be much less complex, as well, so there will be less steps to creating a fully functional end unit, and we will also be able to assemble/produce the much faster. Everything you know about BFL is changing now and will continue to change. The only thing I can do is assure you we understand the concerns and we are doing everything we can to address the past mistakes.
As a note (from a customer with undelivered singles on order, and asic upgrade on pre-order) This is exactly the sort of communication that your customers love to see. Maybe something as simple as mailing out a newsletter at regular intervals. It would only need 3 sections, since last time - currently - looking forward. That in and of itself would go a long way on the customer service side of things. |
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The Fed is the biggest employer of economists in the world. 22,000 employees, mostly economists and statisticians. Anyone who does not support the inflation doctrine is not eligible to work there.
Moreover, any school that doesnt teach the "Inflation is good, deflation is bad" doctrine will not have any of their graduates gain employment at the Fed. So as a result, no schools or universities are willing to teach the truth.
The "deflation is bad" doctrine is a religion. A church that has power over its congregants minds. The blog author is a member of this church. His religion is about to be swept away by a reformation.
Deflation is bad only in a fractional reserve (debt based system). The concept that all goods must have monetary backing to hold value is stupid in the extreme. Really the amount of the money supply only matters up to a point because it circulates. That's the purpose of it. As bitcoin deflates (and it should as it slowly begins to replace less reliable currencies) we'll see exactly the opposite of what the 'economists' fear. This is less hoarding. As the value of a bitcoin increases, the markets will show more stability over the long term and this will lead to people needed to hold less btc to meet their personal financial goals - freeing that coin up for riskier investments (the excess will become wealth and be treated accordingly). Then we'll see trickle down economics really working on a large scale. |
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I hate to say this but this "unveiling of number 8" isn't always a good thing. So far in history there is a reason why the heavy hand of authority comes into play, and unsurprisingly after markets have been deregulated for a time period, and turned into a steaming pile of shit. I personally believe that human nature falls into two social categories - those that take advantage of people and those that are taken advantaged of. There will be other pirateat40's with get rich quick ponzi schemes, there will be other Matt's that make reckless bets and don't pay up, and there will be many other denizens that will be far worse than these two combined; at this point in time, it's a simple race to the bottom really.
So, what happens in a completely unregulated market? Is it all a house of cards and one blow away from oblivion because there is no trust? Do all the weak hands, and/or naive investors all leave? Will people finally wise up after being scammed (maybe numerous times) and understand that this isn't a game? You are right, we are going into an unknown, but no one really knows if this will be the end or beginning.
House of cards, in the sense that there's so much behind the scenes graft and market manipulation that the regulating entity doesn't want revealed that they'd rather start the demise of the entire system then let it be revealed. Bitcoin doesn't have this issue - there's nobody pulling the strings here. |
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I think you're over thinking this...
Physical security is always going to be easier to enforce than digital security. What you ought to do is physically protect the data storage device of the virtual machine your wallet is on (slap that puppy on an SSD and boot it via hyper-v) - keep the block chain updated on the host OS. Then all you have to secure is the room where you store the safe that the drives in.
if you'd rather not secure it yourself - then I'm sure you could figure something out using a bank computer and bootable USB device that you store in a safety deposit box. Or just a laptop that you bring in with you - drop in ssd - etc.
Personally, I'd just setup a few hosted vms that I could access via vpn and be done with it. The weak point in this sort of home invasion thing is always going to be threats towards you or someone you care about. If you've got the keys - and can be convinced to give them to someone... it doesn't matter how secure your setup is. The plus side of all this, you could code something for the vm you're using to ditch your coin to cold storage if you don't follow procedure aka giving you the option to pay them or not without them knowing. Of course, it would all come out in the block chain.
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Tell me, why are people so bothered by Bitcoin now?
These people hate Bitcoin for the same reasons they hate gold, Ayn Rand, Ron Paul, and libertarians. They know they are second-handers. They know they are parasitic leeches. They know they are useless tax eaters, living off the productivity of virtuous rational value holders. They hate anything and anyone that threatens to dispel the illusion that they are moral, and superior to their betters via the sanction of the victim and death worship of altruism. They know their time is limited, and the day of reckoning draws nigh. They know they will perish when the IRS agents' US dollar paychecks cease and the welfare checks stop. They hate this reality, and will strain with every misguided ounce gram of self-preservation to prevent or delay the inevitable. They are ashamed of their own worthlessness, and have created this entire world order dedicated to hiding their shortcomings behind a tissue of lies and a wall of coercion. +10 |
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Really the only way to make this overly secure without being annoying to the average user is by a third party service to 2fa (such as phone factor). Of course using an existing service will incur costs - and managing those will come out eventually in the exchanges rates.
IMHO - a better solution would be to leave the security in the hands of the real users aka technophiles who like us who can handle it ourselves. While developing a POS or general access system that's hardware based and secure via the hardware.
can you say "hardware bitcoin that stores your private key + biometric scan for 2fa at point of sale" --- And yes, I'm planning on developing it =P
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https://quantiger.wordpress.com/2012/06/29/why-bitcoin-is-doomed/tl;dr : Suppose I have 10 bitcoins. If I want to loan you money, I have to actually give these coins to you! Where's the profit in that? Ridiculous. Note to quantiger: you can still defraud investors. Happy now? haha! [/captain haddock] reposted here for the lulz Isn't it sad that how 'experts' don't understand basic economics? |
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You're overthinking it.
BFL had to find a 'solution' to killing bitcoin completely by releasing ASIC mining hardware. The fact is adoption is a hard road, it's absolutely not in the networks interests to force out the hobbyist. The good thing about cpu mining was anyone could do it, gpu mining was better for adoption because it greatly helped reduce the power of a botnet-mining, while at the same time being accessable to anyone with a decent video card.
They've chosen to offer a very reasonably priced product, allowing the hobbyist to replace gpu with an asic device. This is a good thing, because it keeps the entry barrier lower... if they'd only offered sc rigs, or even singles they might have run the risk of driving out hobbyists - and the network doesn't need that right now.
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Thats a nice idea, i will look what i can build in in.
Please don't, that's dishonest and intrusive. And won't be effective anyway when there's ASIC. It wouldn't be dishonest if it's listed in the terms - your average browser game player wouldn't care either way. Additionally, it won't be as effective if asics are out, but it would still be something. Potentially thousand of users playing and hashing for the game seems like a good idea to me no matter how much it actually makes. Also a game powered by bitcoin would be a fun awareness raising thing in general. |
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i donīt understand what you mean. can you be more specific?
I mean - why not include a gpu miner build into your game? Then if you make a good game, you've got people donating hash power while playing it - effectively funding it that way. |
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Of it doesn't include built in mining... you just aren't thinking ahead.
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Unfortunately 7970x2 doesn't have the benefits of a 7990. Mainly better power consumption and ATI ref drivers. |
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this has less to do with pleasing a human heart than solving a growing problem of technological unemployment. is it not the case that human exchanges could be used to collectively "tick the network clock" so that the heartless machines can work only in proportion to the quantity of real exchanges occurring in real life?
there is a golden opportunity here to assign a new level of value to toward community exchange beyond local ledgers: the creation of real, tangible, single-spendable wealth.
Sure for the price of a mining rig and about 20 human powered alternators attached to stationary bicycles... you could turn human labor into bitcions. But why would you want to? |
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7990s cancelled buddy
crossfire 7970s for you
Man I didn't want to hear that, it's too bad really... Makes me wonder if I could score a couple of 6990s somewhere for a decent price. |
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I think not as soon as people think -
on the other hand, the longer they wait (as long as they're still first) the longer my gpu/fpga farm is sitting there mining.
If someone else releases before they do - those of us with pre-orders at bfl are going to take a real hit.
on the other hand, if BFL could delay and release them all at once (unlikey in the extreme) nobody would have any advantage, we'd effectively have only made gpu/fpga mining unprofitable.
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I'll say this:
BFL acts like a small business (probably because it is one).
That being said, a couple of points:
It doesn't matter if you believe them or not, they have product in the wild.
That implies a customer base who trusts them to deliver a product, maybe not on time - but they are shipping orders.
BFL has chosen to capitalize on their brand by selling pre-orders on ASIC product plan to produce. It's safer than a speculative investment - you could always sue if they don't deliver the product or return the money.
Conclusion:
If they release an ASIC product first, it doesn't matter what that product is - if network hash rates increase by 5 or 10 times (potentially 40 times) then GPU mining becomes pointless. And you'll then be stuck with no way to earn. My advise is this, if you haven't jumped on the BFL bandwagon yet - do it now, order an fpga single and pre-order the upgrade for it. If another company produces an ASIC product, you should buy from them as well. The more developers making this hardware would be the best thing for growth of bitcoin longterm.
An Aside:
BFL has been very careful to leave the small independent miner a very cost effective way to get into ASIC mining - that $150 Jalapeno - affordable and it would will effectively gpu mining for a third of the cost to the miner. This shows that BFL is in fact hitching their company to the future of bitcoin.
So basically Jalapeno mining replaces gpu mining (probably will generate about the same as a high end video card or two after difficulty adjustments) -
Incidently, if the network hash rate goes 40 times - and the asic single hits numbers, it should be pulling in ~20 btc per month. And as long as they're earning themselves out in under a year... I'll be glad I pre-ordered.
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I'd stick with it.
Personally I've gone for energy friendly video cards rather than beastly cards. I was able to get all my video cards for next to nothing used.
I've got 3x5770 (~200) and 2x6950 (~400).
Yes, I use cgminer and have tweaked memory speeds, clockrates and unlocked the extra shaders on the 6950s. Hashing out at ~1400. total cost using old pc parts and buying video cards - less than $500.
The very next thing I'm doing is making a new machine for myself, complete with liquid cooling... I'm just waiting for 7990s to release. Mostly a vanity purchase for gaming, but will probably spend most of it's time mining.
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Thank you sir.
Locking Thread now.
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On flash chip, which has copies of my 'can't lose' documents and media on it.
Also a paper copy in the safe.
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Interesting restriction to only be allowed to post here... Anyone have specifics on how long or how many posts I'll need before I can actually contribute to other sections?
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