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Author Topic: Butterflylabs Huge SCAM  (Read 376078 times)
rwessels
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May 16, 2013, 04:36:26 AM
 #1261

Very interesting.  Maybe competition will help them get orders out the door...
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AlphaColt
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May 16, 2013, 06:07:04 AM
 #1262

Very interesting.  Maybe competition will help them get orders out the door...

They don't HAVE anything FFS... They just like pulling in the "image" they do and keep taking "pre-orders" to see how much money they can rack up before they run...

Common sense here. Too many red flags. Someone should just report the dude and have him get sent back to prison. Would be lulzy.
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May 16, 2013, 06:11:43 AM
 #1263

Butterfly labs MASSIVE SCAM they should all be arrested and shot.
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May 16, 2013, 07:56:15 AM
 #1264

Very interesting.  Maybe competition will help them get orders out the door...

They already have the money (remember: customers had to pay fully upfront). There's no pressure on them to ever deliver.

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optimusprime
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May 16, 2013, 08:03:51 AM
 #1265

wait and wait
MooC Tals
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May 16, 2013, 08:10:12 AM
 #1266

http://www.youtube.com/watch?v=unoekCJr6MU

I said Hey!! baby I got your money so don't worry!!! hey! Hey!

I'm not one for this kinda music but it's kinda catchy!!!
Dave Knight
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May 16, 2013, 08:53:21 AM
 #1267

I don't think it's a scam, just a poorly executed business. Unlike most bitcoin scams BFL actually sold a physical product for USD. There is no anonymity here, no bitcoin transactions, much harder to walk away from without consequences.
animalxp
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May 16, 2013, 09:08:31 AM
 #1268


This was my first guess at what was/is going on, its so blatantly obvious.
makes no sense for them to ship right now when they can hash, then ship later.
they would be losing money by actually shipping now.

if you`ve been sitting there a full year, then yes... you may actually get a jelly out of em (by going mad) but as for anything else....
good  ****ing luck.
Schrankwand
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May 16, 2013, 09:14:39 AM
 #1269


This was my first guess at what was/is going on, its so blatantly obvious.
makes no sense for them to ship right now when they can hash, then ship later.
they would be losing money by actually shipping now.

if you`ve been sitting there a full year, then yes... you may actually get a jelly out of em (by going mad) but as for anything else....
good  ****ing luck.

Nah, it isn't the smart thing. The smart thing to do is to ship, making people wallop your account full like crazy and at the same time keeping your percentage of the network at the same level.

This is how I would do it and how I would advertise it. Basically I would say "For every three miners shipped, we take on into operation on our own."

wopwop
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May 16, 2013, 10:20:03 AM
 #1270

1. Sell promise of ASIC miner to morons, collecting millions in capital
2. Build 1000 ASIC miners with customer capital
3. Send 1 ASIC miner to newspaper to show they have made something, to further convince morons to send more money
4. Connect the rest of the ASIC miners to bitcoin network
5. Start mining
6. Profit!
Repeat to step 3

This is the business model of Butteryfly Labs
Frizz23
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May 16, 2013, 10:31:57 AM
 #1271

Quote from: Inaba
... retard ... idiot ... liar ... moron ... tool ... lowlife ...

Josh is to ASIC as Amy is to Bakery  Wink


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  Fully scalable dispute system  .......        ✔︎ 
  Low fees, no limits task market .....      ✔︎ 
  Earn money by being a reviewer     ✔︎ 
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Website     Announcement     Twitter     Facebook
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astrobooey
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May 16, 2013, 10:34:41 AM
 #1272

I haven't read through everyone's posts but here is my view.

I believe they will eventually deliver to the masses BUT by the time that happens very few will want these devices anymore and no one will be able to recover their ROI.

Recently got paid and was about to order myself a Jalapeno but after through trawling through tonnes of info I have decided to order a bunch of avalon chips and get someone to assemble a miner for me ^^
animalxp
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May 16, 2013, 11:27:28 AM
 #1273

Quote from: Inaba
... retard ... idiot ... liar ... moron ... tool ... lowlife ...

Josh is to ASIC as Amy is to Bakery  Wink

http://www.bilder-hochladen.net/files/k9l5-24-ad61.jpg


lol...lol...lol
PULL your money people ... NOW!!!
nick7
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May 16, 2013, 11:37:39 AM
 #1274

It's not a scam until they've run off with the money. Until then, they're just terrible at business.
animalxp
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May 16, 2013, 12:28:16 PM
 #1275

It's not a scam until they've run off with the money. Until then, they're just terrible at business.

mate this has been going on for year.
funds have been AND are being embezzled at the very least WAKE THE **** UP
proof? WHERE HAS EVERYONES MONEY BEEN GOING FOR A YEAR?Huh?
MooC Tals
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May 16, 2013, 02:57:43 PM
 #1276

Quote from: Inaba
... retard ... idiot ... liar ... moron ... tool ... lowlife ...

Josh is to ASIC as Amy is to Bakery  Wink



Haha I saw that episode on tv where she is the chef of a business and they try to fix failing restaurants. I believe the star of the show is chef Ramses. Point is that SHE IS A TOTAL RAGE QUEEN BITCH FROM HELL that Ramses had to leave. She fires help quicker then her customers come and go. She's fucken ugly too. I'd punch her just to get out of marriage and go to jail.

Oh btw that has got to be a photo-shopped Photo right?  If it's not it would explain A LOT!!!!
crypt0maniac
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May 16, 2013, 02:59:21 PM
 #1277

HAHAH Peaple will never learn, scammer will keep scamming no matter what...
focusforever
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May 16, 2013, 03:13:15 PM
 #1278

this is scam, i don't believe
reich
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May 16, 2013, 03:19:29 PM
 #1279

Butterfly labs is a scam.
nick7
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May 16, 2013, 03:30:19 PM
 #1280

mate this has been going on for year.
funds have been AND are being embezzled at the very least WAKE THE **** UP
proof? WHERE HAS EVERYONES MONEY BEEN GOING FOR A YEAR?Huh?
Mate, I don't feel your pain because I wouldn't be silly enough to pay for a product that didn't exist, but I can empathise: in the excitement of BTC a lot of people got caught up in the hype, and it's sad that you (and other people) thought it would be a good idea to put up money for some company to fund their R&D with. You guys bought into vaporware with the dreams of making big dollars mining BTC.

However sad that story might be, it's still not a scam just because you feel betrayed and cheated. Do you have actual evidence that someone at BFL is embezzling company funds? Because embezzlement is illegal, and if you have evidence -- actual evidence, and not just your hyperbolic tantrum ranting -- you should really hand it over to the relevant Government agency... after posting it here, of course.
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