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Author Topic: Butterfly labs refusing escrow for $300k order  (Read 5315 times)
Beaflag VonRathburg
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March 09, 2013, 06:16:21 AM
 #21

Escrow will not allow them to refund earlier customers, pay contractors, and stash some away for a rainy day.

THIS ^ makes BFL a PONZI.

Pay off earlier customers with new customer money...rinse repeat. Let's hope BFL didnt blow the bulk of their pre order moniez on stupid stuff.

I've been saying this since last summer where they were stalling on delivering singles and mini rigs.

enocog
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March 10, 2013, 02:05:50 PM
 #22

You think the average person has the know-how to develop their own ASIC? Tom was able to put together several Bitcoin ventures, and sell many FPGA units, but fell flat on his face when trying to build an ASIC. I (and I'm sure a lot of others) would much rather just buy a product from someone else and not have to worry about the headaches and risk that goes along with developing your own ASIC.
+1  It really IS harder than it looks!

I agree. BTL should have been asking for monies for R&D and stated at what ever level of investment you MAY receive the appropriate first run rig according to your level of investment.  We all know now why they did this! It's a lot harder to get people to invest in something that doesn't exist yet. In my opinion it's morally wrong and illegal in the US. They better deliver soon before the FTC starts getting complaints.
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