Or you could send it to someone who will do something useful with the BTC, like maybe, someone who's organizing a free for all music festival.
You believe that One can only help their self. so you should have no need of other people's funds. It's pretty egotistical to define your own project as "something useful". It's up to others to decide for themselves what they consider an appropriate way to spend their funds whether it "useful" or totally frivolous. |
|
|
|
But he is the major shareholder, he dosn't have to care what others want. He got the money, now bye bye.
And this is the problem with the cargo cult mentality which permeates the Bitcoin eco-system. There are no constraints on operators voting on issues where they have a clear conflict of interest so they repeatedly take actions which disadvantage other share-holders and justify it on the basis of owning the majority of shares. |
|
|
|
One can only help their self.
Other people selling their stuff so you can pay your rent/go to California/invest in Bitcoin/drop acid/whatever is "helping yourself"? |
|
|
|
|
Surely someone in the thread can enlighten us as to whether their order confirmation/invoice is written in USD or BTC. And surely by now someone who paid using Bit-Pay has received a refund and can tell us whether they had the option to receive it in BTC.
I suspect that from an accounting point of view it would be a lot easier for BFL to record all sales in USD.
|
|
|
|
BFL products are priced in USD. They have no set BTC price precisely because they're sold for USD. That using a payment processor allows you to bypass the process of having to convert BTC to USD yourself in order to pay for your order doesn't mean that you're buying the units for Bitcoin any more than the fact that my bank automatically converts my AUD to USD for my Amazon orders means that I'm buying books for AUD.
And if you paid 200 AUD for something, and later got a refund and only received 100 AUD, that would suck, wouldn't it? I'm not saying that it wouldn't suck. My point was that I can't expect a refund in AUD because I didn't pay in AUD. BFL (wisely) priced their product in relatively stable USD and received payments in that currency. While it might suck for people who chose not to pay directly in USD, it's not like the people who chose to avoid directly using dirty fiat dollars didn't know that the Bitcoin price might move in a direction which disadvantaged them if they required a refund. |
|
|
|
Nobody "lost" any BTC because they didn't actually pay in BTC.
Just because BFL didn't receive the coins, doesn't mean people didn't pay in BTC. Sure it does. If I buy something from Amazon, I'm paying for it in USD even though AUD come out of my bank account. If I receive a refund from Amazon, it will be issued in US - the exchange rate at the time it's issued may work in my favour or against me. BFL products are priced in USD. They have no set BTC price precisely because they're sold for USD. That using a payment processor allows you to bypass the process of having to convert BTC to USD yourself in order to pay for your order doesn't mean that you're buying the units for Bitcoin any more than the fact that my bank automatically converts my AUD to USD for my Amazon orders means that I'm buying books for AUD. |
|
|
|
Well at least we now know that the fab isn't in China, so no Chinese New Year delays.
But we do know that it's in Asia and other Asian countries have their own Lunar Year holidays which need to be taken into account. Plus a lot of people don't think of Taiwan as being "China" but it's very much affected by Chinese New Year traditions. |
|
|
|
it will weed out scammers.
Not necessarily. If you're paying with either stolen Bitcoins or Bitcoins bought with stolen cards then the price isn't going to act as much of a deterrent to entry. Price hikes are a good way of limiting the number of sellers and controlling their rate of growth, though. |
|
|
|
BTW, I think the question Josh needs to answer isn't "when will the chips be ready", but "what date do you hope to start assembling units"? The projected assembly date is the most meaningful one for customers because the chips aren't really "ready" or "delivered" until they're at the assembly location about to be put into units. So how many BTC did you lose? Nobody "lost" any BTC because they didn't actually pay in BTC. |
|
|
|
|
I thought the threads going to German Off-topic was funny. I'm disappointed to learn that it wasn't intentional.
|
|
|
|
Wait...did you get refunded the 8,000 USD equivalent in Bitcoins or did they "literally" give you back the same coins you paid with at the time?
If it is the latter, then you sir have just [possibly] opened Pandoras box.
I thought that Bitcoin payments for BFL products went through Bit-Pay and that BFL received the payments in USD - which would mean they couldn't refund "your" Bitcoins because they never received your payment in BTC in the first place. |
|
|
|
They DID take into account the possibility of everything going wrong. The way I saw it right from the start was that late October was an "if everything goes right" release date, and January 1st was an "if everything goes wrong" release date. Obviously, they are now expecting to exceed their January 1st date, which irks me, but I was only expecting product before then if things went well.
Yeah, I believe that anyone who thought they'd be mining with any ASIC before the reward drop - no matter which vendor they ordered from - was delusional. What these delays do mean, though, is that the time period between first batch customers and second batch customers receiving their orders will be greatly reduced. I suspect many customers will be displeased about losing that particular advantage as they believe it's one they effectively paid for and it's one which is created at least in part by BFL's decisions. |
|
|
|
Got all his family contacts, glad my I know people from Argentina it was good going to college in Miami  , Lots of people from lots of places. With a written confession of him doing this on an ongoing basis, I'm sure you can find people other than his family to notify about his fraudulent activities. We know at least some of the credit card issuers he's defrauded. |
|
|
|
I only see two setbacks, both of which are understandable IMO.
- The first batch of chips didn't work. Delayed from October to late-November.
- Fab shop has delayed on BFL twice, pushing the date to early-December, and now mid-January.
Except that Josh's claim that there was a floored batch of chips was refuted by Nasser. We've been very busy recently, unfortunately I couldn't catch up with the forums. There is a correction to be made: Chips are not and were not flawed. We decided to add certain clock buffers to improve noise-resistance and possibly increase frequency even further. Obviously any delays caused by that decision cannot be blamed on the fab. The fab burning down would be an "unexpected setback". Delays caused by decisions made by the customer are not "unexpected". The delays may be "understandable" - because no manufacturing process ever runs perfectly - but they can't legitimately be called "unexpected" because a properly planned project takes into account the possibility of pretty much everything going wrong and never sets it target dates basedon best case scenarios. |
|
|
|
They are doing a full run without testing. It doesn't cost much more when you're talking about millions of dollars of lost sales if they have to wait until test chips are ready to do a full run. And if BFL had to add another 6-12 weeks on top of the current delay, you can bet a lot of people would be jumping ship!
In other words, they're putting all their eggs in one basket. I hope that basket holds...
So if the first batch of 20,000 aren't up to scratch, problems can't be corrected until the next batch? |
|
|
|
|
Mods, can we go back to the "normal" scammer forum rules please? These "someone hurt my feelings" threads are getting ridiculous.
We used to require comprehensive, informative OP's outlining what made someone a "scammer" with links to relevant posts, screenshots etc. WE should probably go back to that system.
|
|
|
|
|
Might want to correct his username in your thread title. It's caradenada.
Why the hell do so many recent scam reports have a South American connection?
|
|
|
|
|
dank, why don't you just close the thread if the watch is no longer for sale?
|
|
|
|
Well, I need my rent paid in the next day or so, so if my friend isn't able to sell his car, I'd have to sell the watch for cash to pay rent. I will let you know tomorrow, I need to make sure it'll be okay to wait two days, otherwise they'll start the eviction process. Apparently dank's idea of "the Universe will provide" is allowing his friends to sell their possessions to pay dank's bills. Why aren't your quotes click-able? The quotes are from PMs sent to lolwut. He posted them here. https://bitcointalk.org/index.php?topic=127626.msg1397617#msg1397617Because they're from PMs, if you click on dank's quotes in lolwut's post they just go to dank's profile so making them click-able would have served no purpose. |
|
|
|
|
Show Posts
