I believe the tactic used by BFL, is to keep the hardware off the hands of the people, for as long as possible. Once the difficulty level rises high enough, most of us won't be able to afford the the mining equipment, anymore. If that happens, they own it, it's just like any other "gold rush". Those with excavators, will muscle out those with shovels.

I don't believe, they are unable keep up with the demand. I think, we finance it, they make, and they use it for as long as they can. Once the hardware becomes near obsolete, they might ship some of it the customers. We know, they own a large mining farm, that's where the hardware goes first.

It's a large scale rocket, I'm sure they broke every law, and regulation in the book by now.

It is time, to make it public, and rise our voices. I think it might be a right time to talk to District Attorneys.

What really is an organized crime? Give me a definition.

@ACHZMAN

Yea... I stated in absolute terms...

What's wrong with you people, were you growing up without any friends?

You ever heard the quote by Yogi Berra: "A nickel ain't worth a dime anymory", or "It's like deja-vu all over again". Well, that's called an American language. When we talk, it doesn't have to sound like somebody just quoted CISCO manual, unless you wanna sound like this.

We all know how long Bitcoins will last, it's all out there. But we might go, and dig for gold; in the Alaskan Klondike Territory, with a shovel and a pick. I'm certain the gold is still out there, and plenty of it, except you might need about a billion dollars, just to buy your mining equipment.

I don't really care how it works, and the mechanism by which it's generated.  My thorough understanding of the mechanism behind the bitcoins has nothing to do with this case.

All I want is the merchandise that I've ordered.

But I'm pretty sure that, some time next year mining might be beyond any of us, cost wise. You gonna need an access to a server, not just 600Gh mining card.

Anyways here it is:

Bitcoin has a maximum 21 million limit: The total number of Bitcoins that will be issued is capped at 21 million. The Bitcoin “mining”3 process presently creates 25 Bitcoins every 10 minutes (the number created will be halved every four years), so that limit will not be reached until the year 2140. While Bitcoin critics argue that the maximum limit is not large enough, supporters maintain that since each Bitcoin is divisible to eight decimal places, the number of fractional Bitcoins (called “satoshis”) – at 21 x 1014 – will be more than enough for all conceivable applications. Conventional currencies, on the other hand, can be issued without limit.

We started with shovels, now we're using jackhammers. In 4-6 months, you're gonna need an excavator. How many of you can afford to buy an excavator?

Eventually, when they ship those shovels and jackhammers, we gonna loose the fight against the excavators. And, that's a fact.

I don't think filing FTC complaint against BFL is really enough. Just think about, they use my money to build a hardware, which they use to mine a currency. I mean even at their website, you can see the picture; lines of servers filled up with mining cards, we are waiting for. In mean time they sell the hashing power we've paid for, to other people. They offer it like its available. And they tell me, I should wait. Actually they don't tell me anything, cause they don't respond to my emails.

Like I said, we should file for dividends, not for refunds.

@wearepoor

Next year you gonna need 5T to mine anything, in mean time, they get rich at your expense.

Well, my point here Gator, those people belong behind bars, it's not a small operation. we're talking millions. And its not going away.

Well, I don't thing is about loosing potential gains, its more about right and wrong. If we let people like that run businesses in this country, we gonna end up on the streets.

You can't be really timid about it, business is about contract between buyer and seller. If the seller doesn't follow good business conduct, the seller becomes liable.

I just wonder; they hold my money for five months, and it wasn't a loan. They either refuse, or can't deliver the promised merchandise. More likely refuse, because it makes so much profit for them. I would say I am an investor in the company, and they should pay dividends on my investment. What's your thought on this, and how many of you out there, waiting for the promised hardware.

And don't forget one thing, the hardware you have ordered in June, is obsolete, and substandard today. Last but not least, the amount of bitcoin, is set, it won't last forever. They will run out next year. Not much time left...

Peace.

It's not some case of a guy scamming people on ebay. We're taking about large company, with large production capabilities. When this thing brakes, they gonna see FBI braking their gates, and helicopters will fly above them. I guess the greed knows no boundaries.

People who work there, know enough about what's going on in there, and keep their mouths shut, and that's a felony.

It's been 144 days, since I've placed an order with BL for mining equipment, well..almost five months.

No equipment have arrived, they don't respond to phone calls, they don't respond to emails.

I tried to file dispute claim with PayPal, it won't even go through, I only wonder how deep this thing goes. It must be the biggest scum of of the 21st. They use our money to build the mining equipment, and then they use it for themselves, and obviously make millions in process. It's a well known secret that Butterfly Labs runs a large mining operation, while pre-ordered customers are waiting for the hardware.

Well, I don't intend to waste any of my time anymore, I'm gonna alert every government agency in the country what's going on their turf, under their noses. We all know about Butterfly Labs CEO, a simple criminal. I'm sure people who work for him, know it too, and cover for him. The time will come for everybody to answer.

Looking for a few good, ambitious lawyers, to start class action suit against mullti million dollar company.

Let me know what you think about it.

Peace.