Yes they missed targets. You as a consumer can vote with your money. Get a refund, buy asicminer, avalon, GPUs, abacuses. If you have been waiting so long for BFL that it is bringing you emotional pain, cut the pain out and get a refund.
I'm so tired of this "vote with your money" line. He did vote when he placed his orders! It's like saying that because you can vote, you should never complain about what a politician does after the election. He voted for a guy that did not live up to his campaign promises and he can't go back and change his vote. Can he use his refunded money to now buy a batch 1/2/3 Avalon? NOPE! Getting a refund does not cut out this pain. BFL's failures have already lost him a LOT of opportunity and a refund will not change that. Minternj is selling that same old line for a reason: Name: minternj Posts: 187 Position: Full Member Date Registered: March 30, 2013, 09:46:18 PM Last Active: Today at 04:48:53 PM He went straight from the newbie forum to a BFL thread and has been posting a maniacal defense of BFL ever since. |
|
|
|
|
Notice the ALL CAPS rage that wrenchmonkey/BFL PR picked up from Amy's Baking Company. Combining the white hot internet rants of Amy with the douche+troll broken record track of Joshclown is pure genius.
Also note that the BFL dissent went from a "few trolls" to a "hive mind" and now all of bitcointalk is made of "fucking trolls and douches". Sound familiar?
Also note, the wrenchmonkey account was created April 16th 2013. All of a sudden he is a rabid BFL supporter.
|
|
|
|
Friendly Reminder That Butterfly Labs Has No FCC Certification For Any Of Their Products, A Fact You Should Try Taking Up With The FCC
Isn't it only an issue if they ship product? If so, BFL is in the clear!  |
|
|
|
This wrenchmonkey assclown ought to apply for a job with BFL. He's doing great PR for them. He's even more of a dick than Josh.
This sums up the last few pages of this thread nicely. Although, it sounds like he has already applied for a job and been accepted. He has been hard at work trolling BFL customers who complain, derailing threads with insults, and kicking sand in people's eyes. In other news, Avalon is shipping batch 2. As soon as that hash power comes online, ASICMiner can deploy additional resources without gaining too big of a share of the network hash rate. Edit: Wrenchmonkey doesn't even realize Sonny is actually a convicted felon. /facepalm The BFL incompetence continues. |
|
|
|
I troll for BFL, but I am not paid well for my services.
Yep. FYI, the people who are most pissed off by BFL's schemes are those who ordered from them. They have a right to complain, warn others and seek redress. They are not trolls. They are people who have been wronged by a company that is actively seeking out others upon which to inflict their schemes on. You sir are the troll for insulting them, taunting them, and rationalizing BFL's behavior. |
|
|
|
The only purpose to canceling his order is to punish him which will silence unhappy customers and help obscure their failures.
... and this is what just blows my mind. By canceling my orders, they have done the exact opposite of silencing me  It just doesn't make any logical sense. They have left me incensed. As Val Kilmer once said, "It's a moral imperative" now. By kicking you to the curb, they hope to make other investors who might complain keep silent. BFL needs the pre-orders to keep rolling in so they can fund production. They can't keep it up if investors continue to complain on these forums. Also, by refunding you your money you now have no standing for legal complaint. Plus, Josh has an ego and can't let things go. He had to punish you for going against the party line. |
|
|
|
AFAIK this is completely legal on BFL's part, it also makes perfect sense for BFL to do this. Given that BFL's business will flounder without generating pre-sales to fund their production, they need to continue collecting new investors. They can't collect new investors if the old ones fill these forums with complaints. If Wired or Ars Technica stumbled across one of these threads full of BFL pre-orders shouting and brandishing their torches & pitchforks then BFL is toast. By publicly evicting a few outspoken critics, they hope to silence the complaints of their pre-order base. If the complaints swell to a critical mass, people might start asking for their money back en masse and BFL cannot abide that. Plus, Josh's ego won't let the sort of things the OP said pass without some form of retaliation. In other news, Avalon batch 2 is shipping. P.S. Maybe you could ask Avalon to sneak in 1 extra unit into batch 2 for you. It might be a PR coup for them  |
|
|
|
Apparently BFL has now entered the business of... reading minds!
Don't bother asking for refunds people. They already know which of you want them and which of you don't. Those of you who do will be automatically refunded, even if you don't know it yet. What customer service!
"Mind readers"? Nope, how about just "readers"? You think that the crap you plaster all over the internet isn't available for them to read as well? They don't have to read his mind, they just have to read what he wrote. Is she wrong that he's "Unhappy with the company"? Everything I've seen him post leads me to agree with that assessment. Normal people don't talk shit about companies that they're happy with. This all stinks of a company that is trying to censor their customers from interfering with their steady supply of preorder money. They can keep the stench under wraps from current customers. Luckily, I am not a customer and have nothing to fear by pointing out what stockholm syndrome has blinded all of you to. BFL is a scam that is bleeding money every day, and will go bankrupt within a few months. Good luck getting your vaporware! There's nothing wrong with discontinuing a toxic business relationship. You have every right to talk all the shit you want. And they have a right to end the business relationship. It's not "censorship" to say, "If you trash our company, we won't do business with you anymore." You're still free to say whatever you want. Their response will be to simply put your money where your mouth is, on your behalf. Don't trust the company? Don't like the company? Think it's a scam? Thinking about suing if you don't get your order next week? "Fine. Here's your money. Fuck off."  You are singing the tune quite well. I predict your order doesn't get cancelled. Nice work soldier! Yep. For every post you make singing the praises of BFL, they raise you 1 spot in the order queue. |
|
|
|
BFL lost alot of trust from its customers.
This is the last product line they will sell, even they want to release other versions they wont sell enough to make any profit.
They slowely kill their own company with those delays, non relevant (For customers) changes on their hardware.
This is why I am especially concerned! - They kill their reputation step by step, with every new lie from Josh, with every new delay. They might announce one day a v2.0 ASIC, but no one will ever order from them again. - They already have our money (we all paid 100% upfront). -> So what's their incentive to keep the company alive and finally ship their products - and not just take the money and run? Totally agree .... especially with technology startups it very very easy to say oh well it did not work ..thats business.. It Is almost impossible to prove illegal activity/imbesselement or fraud due to this Meanwhile Sonny,Josh have been sitting on 400k salary packages ...is a very old story this one..sometimes there is an incentive for failure so that after a company has been closed the IRS/ATO can find it very difficult to go back over the books due to the fact that the entity no longer exists i.e the person that is BFL is dead Anyway having been working for a few startups in my time & witnessing these type of shenanygins first hand I understand the mentality...once there are skeletons in the cupboards its time to kill that story off fast !! I'm not sure if Smoothie also mention this, but... It is illegal to spend customer's pre-sale money until product has been shipped!I know it is against tax laws in the US to book a customer's pre-sale as revenue until it has shipped. I don't know of any law regarding how pre-order funds/deposits etc can be spent. Could you provide a citation for this? |
|
|
|
Avalon Batch 2 ships. Gigahash/s are the new Megahash/s. |
|
|
|
Avalon Batch 2 now shipping. Difficulty will go up BFL irrelevant. ....to quote blade runner "Wake up ..time to die " Finally this story is going to end ! Don't waste your time on Erk. His account was created April 15th and his post history is as pro-BFL as they get. NOT SUSPICIOUS. In other news, Avalon Batch 2 shipped. Incoming difficulty rise. |
|
|
|
Given that it is now the second half of May and they haven't even finished development of 3 of the 4 of their products how could they have legitimately believed they were going to ship within a month at the time? Even if they had a working prototype they couldn't have done it. They didn't even have a working ASIC!
Just a quick correction. They haven't finished development on 4 of their 4 products. They are still messing with the chip design. |
|
|
|
Avalon Batch 2 now shipping. Difficulty will go up BFL irrelevant. |
|
|
|
so is bitcoin a currency or a commodity? if it's a commodity would the same rules apply?
"The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies. Accepting and transmitting anything of value that substitutes for currency makes a person a money transmitter under the regulations implementing the BSA." - http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.htmlDwolla a money transmitter since they transmitted money from a customer to Mutum Sigillum LLC. Mutum Sigillum LLC only deals in US dollars, so it is not an exchange entity. Mutum Sigillum LLC has a account with Wells Fargo where their USD resides. The warrant presumes that the USD in Mutum Sigillum LLC is then re-transmitted. Why would it need to be? Mt. Gox can move USD from this account to anyone in the world via Dwolla or Wire Transfer in order to satisfy the service business of Mt. Gox proper in Tokyo. It is clear that Mt. Gox LLC in Tokyo would be an exchange under US law, if it were in a US jurisdiction. However, it is not in a US jurisdiction so that should not matter. Mt. Gox uses wire transfers to get customers their money, so whoever they initiate the wire with and the bank that holds their deposits are doing the actual transfer of funds and both of those institutions should be licensed money transmitters. Mt. Gox uses Dwolla to get customers their money, they use Wells Fargo to hold their deposits for Dwolla transfer. In this case, the two transmitters are Dwolla and Wells Fargo. Also, DHS is as dumb as a stick so they are probably just trying to make hay for some senator that was paid off by someone who doesn't like bitcoin. If this was the SEC or Treasury I would be worried. On the other hand, Mt. Gox employees could under go rendition and end up in Gitmo.  I hope Canada conquers us. |
|
|
|
Unless I misunderstood the chain of events is as follows:
When purchasing with Dwolla
1) You send money to Dwolla
2) Dwolla transfers money to Mutum Sigillum
3) Mutum Sigillum transfers money to Mt Gox in Japan
4) Mt Gox credits your account
and the reverse when you sell into Dwolla
1) Mt Gox debits your account
2) Mt Gox sends transfer to Mutum Sigillum in US
3) Mutum Sigillum transfers money to Dwolla
4) Dwolla credits your account.
The affidavit states that when opening the account Mutum Sigillum answered 'No' to 'Do you deal in or exchange currency for your customers?' and 'No' to 'Does your business accept accept funds from customers and send the funds based on customer's instructions?' - so really the part of the law they broke has nothing to do with Bitcoin it's the transfer of funds between Mutum Sigillum and Mt Gox - maybe they believed this was legal (or a lawyer advised them as such) but clearly Mutum Sigillum accepts funds from customers and sends the funds based on customer's instructions even if Dwolla is in the middle. Really they should have just answered yes and complied with FinSEC. Anybody who has tried to send a wire transfer greater than $10k or even a Western Union greater than $1k has probably run into FinSEC regulations - mainly that the sender has to identify himself properly and that the transfer has to be reported.
Why would they need to transfer the money from Mutum Sigillum in US to Mt Gox in Tokyo for each customer transaction? As long as the Japanese regulators are happy, they could leave all or part of that pile of USD in Mutum Sigillum US. Also, I am not sure what "customer instruction" could result in Mt Gox "sending" that money elsewhere. It is more like a merchant purchase deposit account than a currency exchange or money transmitting business. Money transmitting implies multiple destinations, deposit implies a single destination. |
|
|
|
I will be sure to put newlines at the end of my sentences from now on. I don't want the lynch mob thinking I am from BFL. |
|
|
|
Personally I'm amazed that people still have the will to troll BFL. At this point it's not even funny what they (BFL) are doing, it's just flat out sad.
And yet people still "buy" BFL "products". As a miner, I love BFL. If only ASICMiner had as much trouble delivering. |
|
|
|
Another lie from PuertoPrabably, only after being caught he called it a joke. Like the "omg they just bought new benches" fail and countless other fail postings. If you are going to lie (PuertoLibre, a very hardcore anti-BFL Shill who openly resents and shouts down every customer and employee of BFL on forums) then at least do a presentable lie, maybe someday your ignore button will lose it's yellow urine stains again. Don't hold your breath though, clueless computerrepairclown. So, now that you posted my profile link, it must also be an easy job to show where the posts are that give substance to your accusations? Next fail, I guess? Someone needs a new sarcasm meter methinks. For every thread about BFL, you need to ask yourself the following "Tits or GTFO?". |
|
|
|
Or, since they are very smart, they can grow to 30-40% of the network, and sell remaining inventory at optimal profits, thus ensuring they can stay at 30-40% of the network indefinitely. The problem with ASICMINER is they're too greedy. They try to squeeze all profit from both ends, leaving nothing for the buyers of their hardware. Well, the sooner we have real alternatives the better. I certainly hope they don't pull any stupid stunts with hashrate, though... AVALON, you listening?? Start friggin' shipping batches 2 and 3, and the chips PRONTO!Yeah, those little USB stick things are a total ripoff, worth maybe a bit less than 1BTC atm. Like I wouldn't pay over $100 USD for one, the hash rate isn't good enough. A cheap video card can do more than 300 MH/s and there is a lot more parts/workmanship in a video card that's for sure! If this is the type of behaviour we can expect from GPU miners, they are way out of line and should be removed from the equation. They have total control of the hashrate and it's difficulty to the extent by which they need to flood the market with consumer products to prevent themselves from acquiring a beyond acceptable market share, the fabled 51%. I thought your post sounded familiar. All kidding aside, once ASICs go mainstream, we won't have to worry. It is only the transition period that is a bit delicate. |
|
|
|
|
Show Posts
