The same thing was predicted before the bitcoin block reward halved, but litecoin prices went up instead. Why will this be different?
Wait, what? BTC/LTC is sitting at .004 now, when it was .007 before the halving in November. People started flipping their GPUs over to LTC and dumping anything they made right to BTC, dropping the price. |
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Thereee wee gooo...
Alright everyone, time to beat is 5 hours 26 minutes and 38 seconds. Shouldn't be too hard, she's pretty quick on the keyboard normally.
You got in too early, you missed YipYip's 4 consecutive, useless posts, above in less than 10 minutes ... *sigh* I know, I should've bet on YipYip instead..vastly faster than CharlieContent on the keyboard, and as a bonus his posts are generally illegible given the poor grammar and sentence structure. After ignoring both CharlieContent and YipYip, I find there's about 4 or 5 actual posts per page, especially within the past 20 pages  |
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How many times does this have to be rehashed?
2^n ..where 'n' is the number of users who haven't been on the forum in 72 hours. |
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What will be the aftermath if every ASIC turns out to be a scam?
The mantra "Trust No One" will finally hit home for everyone, leading to an impressive amount of negative press associated with Bitcoin and a fallout of hundreds (if not thousands) of users. Who wants to be a part of a virtual currency where 95% of its user base is bent on scamming you, including established companies? |
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Thereee wee gooo...
Alright everyone, time to beat is 5 hours 26 minutes and 38 seconds. Shouldn't be too hard, she's pretty quick on the keyboard normally.
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All hail the mighty ignore list, silencer of dissention, censor of questions, ensurer of the one true path.
You forgot "starver of trolls" I don't think it functions very well in that regard. Seems to have starved CharlieContent for a bit. *1,000 new posts from her starting in 3..2...1....* |
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Perhaps you should consider why that may be. I mean, when FUD comes fairly effortlessly it seems an indicator that there is plenty to be fearful, uncertain, and doubtful about.
Good point, though it could also be the result of a hefty dose of paranoia. The next 30 days will tell all. |
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Niqqasz diisz dayysz r so dumb n chulldiish mudufckersz thiink they tha shyt by sayiin got dis much of amount on snapbacks,, shooesz,, or clothes but dnt qot a dam car -_- like really they wuna date cute qirlssz n they got the nerve to invite dem to the movies out to eat or watever n their mommy drops dem off or ah friiend n dey ask mommy for money cus they too lazy to qet up n fukin wrk idk was wronq widd qirlsz these daysz that b wantiin do date dis typa niqqasz instead of datiin responsible niqqssz that hav their own car/truck ah job n sum money safe that wen yall qo out udnt qotta paid shyt n let the niqa pay the shyt but qirlsz these daysz r fukin dumb n stupid I assume this is an essay on how chips are delayed. Bwahahaha I know, I saw this too and laughed. To the boon of many naysayers, I can totally see her going along with a scam if there was one. Ghetto gurl gotta stack hur paper yo, know whut Im sayin' homie? Still found employees though |
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Korbman, are you really comfortable with your orders placed with BFL, and consider concerns voiced here FUD? Are you comfortable with a company that keeps not delivering as promised, that keeps lying to the community?
Yes indeed. I usually do my research before I buy things, and that goes doubly so when it comes to investing. I see all the points people have made so far...some are far fetched and some are logical. That's the joy of being on the internet. The reality is that BFL is a company based in Missouri, theoretically abiding by United States laws and regulations. They've delivered a product before (more or less successfully), and they've shown details (albeit vague ones) on upcoming products and progress thereof. You can make hundreds of claims to the contrary (as we've seen), but my guess is that Butterfly Labs is indeed working on a product without the intention to scam us. EDIT: If we really want to know about comfortabilitly with purchases, we should talk to Gigavps and Fefox, given their investments in BFL are in the many tens of thousands of Dollars. On a side note that's mildly related.. I preordered Grand Theft Auto V...since it hasn't been released yet and all I've seen are screenshots/trailers, Rockstar Games must be scamming me. It only makes sense, right?  @Korbman: I am not spreading FUD. Don't you agree that
No worries here Niko, your posts seem to be far from FUD haha..in fact most have been insightful. |
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I'm just lazy. Too much work to narrow down the list to just engineers. I found so many people that work there. Machinists, painters, inspectors, supervisors, welders, cnc operators, etc. Tim Bishop, Engineer, http://www.facebook.com/tim.bishop.3914Rossford Fayen, Engineer, http://www.facebook.com/rossford.fayenSeeee, that wasn't so hard now was it  Now, let's apply these same strategies for Butterfly Labs! Sonny Vleisides, https://www.facebook.com/sonny.vleisidesJosh Zerlan, https://www.facebook.com/josh.zerlanSyko Ramirez, https://www.facebook.com/sykoo.ramirezMike Wazowski, https://www.facebook.com/mike.b.wazowski.3EDIT: Why are we arguing again? This thread gets derailed seemingly every other page haha |
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Nope, since none of us work there. There's a manufacturing company an hour away from me, NSA Industries LLC, that's one of my clients. Can you name two of the engineers that work there? Adam LaClair Brian Dennis No to both haha. Good try though I know, it was a pretty awesome example  ..I like how you deferred away from engineers and flipped over to management since it was readily available on NSA's website. I also seem to recall a post somewhere in this thread with a link to BFL's structure, noting Nasser, Sonny, Josh, Chris, and a few others. Ah, the joys of selecting evidence to suit our points of view |
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Again, can anyone name three BFL engineers?
Nope, since none of us work there. There's a manufacturing company an hour away from me, NSA Industries LLC, that's one of my clients. Can you name two of the engineers that work there? Victims get their money back and crooks go to jail? Where is this again? Can't be the US cuz they had Enron, Solyndra, S&L, LTCM, MF Global, etc...
Those victims weren't made whole, the lawyers did well as I understand it. Keeting got a few consecutive 99 year sentences, but ruined the lives of thousands of seniors. Perhaps we should ask Vleisides' lottery scam victims if they got their money back?
Victims get Corzined and those with slick lawyers/connections rarely see the inside of jail cells, they get slaps on the wrist and told to behave. You go to jail for blue collar crimes in the States, white collar criminals generally walk.
Ah, so there have only been five company scams to have ever gone on in existence, right? Seems to me you're just remarking on the most notable examples of where not enough evidence was present to put blame on any one person. The problem here is that none of your examples apply in this circumstance. The reality is that there are dozens of scams out there that are stopped and investigated, often with outcomes in favor of the victim(s). The most recent one that comes to mind for me is Finmaestros, LLC. Oh, and as for.. Perhaps we should ask Vleisides' lottery scam victims if they got their money back?
Getting their money back wasn't an option. I'll give you a minute to think about why ( *hint* it has to do with the number of people scammed). On a side note, I'm thoroughly impressed by the sheer quantity of FUD in this thread. |
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People seem to consistently forget that in order to pull off a scam of this magnitude, they'd need to support of all participating members...managers, execs, designers, engineers, etc. This. If the engineers aren't in on it, then they would have done everything they can to produce working ASICs. If they can produce working ASICs, why would they (BFL higher ups) bother with a scam? If the engineers are in on it, their professional career is dead, so the scam would need to support them for the rest of their life. I somehow don't think they have enough in pre orders for that. [...] Madoff had 400+ professionals working away thinking & doing what they do..stop & think that this can not be applied to BFL because an engineer did some work....yeah I find it a bit odd that you're comparing a financial company to a technical one. Not to mention out of both these companies, only one of them is selling a product... Anyway.. Am I one of a handful of people that actually understand long term consequences of such an action by BFL? I keep reading it over and over and over again throughout this thread.."oh BFL is creating an elaborate scam, they haven't created a product and they're just trolling for money". The problem here is that Butterfly Labs is an established company here in the States...meaning they're abiding by all laws and regulations (presumably of course..given none of us work there we cannot say for 100% certain). The amount of negative press they would receive if they were to scam us would be phenomenal. An investigation (and probably lawsuit) would ensue, and anyone clearly associated with the scam would be tried and sentenced. We all get our money back, and they all go to jail. Jeez, what was so hard about all that... |
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Ha, seems you're overlooking just about every single company in the banking/financial industry...
Really? Care to give a few examples? Naw, you know how to use Google. You'll probably have trouble finding data under finance, but it's pretty widespread in IT as well. EDIT: Agree or not, according to SEC & FTC guidelines pre-order customers are investors and not customers.
Ah, very cool. I wasn't aware of the guidelines already in place for such circumstances, though I never doubted their existence. |
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BFL happens to employ a previously convicted felon. Lots of companies do.
Yeah, to clean their toilets. NOT as managers. Ha, seems you're overlooking just about every single company in the banking/financial industry... |
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Also their CEO is a CONVICTED SCAMMER!
How can people just gloss over that as if it's no big deal?
Because he a) isn't running the show, and b) isn't the only person working at BFL. People seem to consistently forget that in order to pull off a scam of this magnitude, they'd need to support of all participating members...managers, execs, designers, engineers, etc. Believe it or not, most people are not sociopaths. |
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Now, my question is: is anyone going to write a book about all these turbulences?
No. |
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You seem to forget that I had THE SAME BTC amount in my pocket BEFORE sending them to BFL. Since this SAME amount in BTC is my money I can do whatever I want whenever I want BEFORE or AFTER the BFL episode!
We get what you're saying, but you're failing to understand that this isn't the way it works, no matter how much you'd wish it to be. BitPay is the processor, so if you really have a qualm about it you should take it up with them instead of squabbling on here... |
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