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1  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: March 07, 2013, 05:50:06 PM
OK, for the ignorant fools who are not keeping up with the facts.

My credits:
Aerospace engineer
I run a website
I've written computation software in the past

FACTS:
ASIC is better than graphics cards. Why? This is because of the processing, instead of turning the computational information into a picture, they can shell out more filtering and data recognition (in semi-layman's terms).

Question and Answer:

Why bitcoin?
Yes, there's been bad news about it. Just like how e-bay started out bad. People will exploit things first to test the waters. Remember, we used to take over land, i.e. Native Americans, Africans, Indians, etc. (history lesson for you). The truth is that it is becoming a registered currency. The shares over the past week have increasted from $32 to $41 per coin.

Why does it matter?
Well, just like how gold was a standard because there was only so much of it, the same applies for the bitcoin. There are only so many blocks of data as there are pieces of technology (again a simplified explanation).

Is Butterfly labs reputable?
Yes. This guy who started this post just got angry because his order was late, or he ordered it off of the scam site with the .au address or .eu address. In either case, an idiot. The technology is possible. So let's quickly look over the data that he has brought to the table.

Why do they not mine themselves?
They probably do. Looking at the back and forth ping ratio between the site and server, they very well maybe because of the ratio. (for all you windows fans go to cmd and type "tracet" with a website and you can see how fast you can connect). Just like how ASUS, BitFenix, NVIDIA, Gigabyte, and more don't keep the computer parts for themselves so they can game better online. That is just ignorant to think so. ALSO, imagine that they are a small company that needs to MAKE THE DANG PRODUCT. For that they need money.

Is the president of the Company a sham?
http://codinginmysleep.com/interview-with-sonny-vleisides/
I want you to read all of it.

I tell you this, I imagine that that jerk in the first post is just and ignorant fool. You can listen to him, or not. If you're not ready, then you're not ready. Grow a pair and make your own decisions. Do not base your information off of reposts. Go dig up information, CALL THEM. If you're ears do sway to the beat of volavak's drum then yes don't buy one. The less people mining, the more money I make.

"Nothing is true, everything is permitted" -The Creed of Assassins and a point to gather information because anything can happen.
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