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Author Topic: Butterflylabs Huge SCAM  (Read 383679 times)
Jutarul
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May 29, 2013, 09:59:05 PM
 #1761

BFL appears to be severely mismanaged; that might qualify them for some Stimulus money.  Grin
Precisely. Welcome to the new economic paradigm.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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smartcoins
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May 29, 2013, 11:06:05 PM
 #1762

Really don't understand, in what/which game BFL playing...by doing all these things.
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May 29, 2013, 11:14:48 PM
 #1763

Some stuff about the good natured people at BFL.

Prepare to be called an asshole and promptly Ignored by the authors of this thread - as your comment makes sense. They do that, you know Wink

This is what I don't understand.  Just because we are a pool of disenfranchised customers, furious with BFL for their negligent behavior, does not mean we are going to lynch every newbie that pops into the thread.  There is some question about the reaction to those who appear to be shills or fake accounts.  I'm only interested in actual awareness that may be consequence of this thread's existence.  I hope for everyone's sake, BFL delivers.  I personally feel betrayed and am inclined to believe that they are trying to get away with playing on the hopes of many people with the attitude that "if you fell for it, you deserve it" mentality.  If this is truly the case, and I think it is, then they have no faith in the legal system and consider the bitcoin to be a form of economic warfare.  I personally think it is great leverage for the advancement of computer technology and in that sense, has a consistent value.
MooC Tals
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May 29, 2013, 11:22:11 PM
 #1764

Some stuff about the good natured people at BFL.

Prepare to be called an asshole and promptly Ignored by the authors of this thread - as your comment makes sense. They do that, you know Wink

This is what I don't understand.  Just because we are a pool of disenfranchised customers, furious with BFL for their negligent behavior, does not mean we are going to lynch every newbie that pops into the thread.  There is some question about the reaction to those who appear to be shills or fake accounts.  I'm only interested in actual awareness that may be consequence of this thread's existence.  I hope for everyone's sake, BFL delivers.  I personally feel betrayed and am inclined to believe that they are trying to get away with playing on the hopes of many people with the attitude that "if you fell for it, you deserve it" mentality.  If this is truly the case, and I think it is, then they have no faith in the legal system and consider the bitcoin to be a form of economic warfare.  I personally think it is great leverage for the advancement of computer technology and in that sense, has a consistent value.

I agree however when Josh comes here and picks fights with trolls just to drum up more sales that is wrong. It shows bad character and frankly I don't think he has the time to do that kind of shit. He has a job to do and quickly!!
smartcoins
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May 29, 2013, 11:39:43 PM
 #1765

I spoke to one of their CSR's in China over chat yesterday. When I asked if they had the 5Gh units ready to ship they said "yes". When I asked if they could ship it out tomorrow if I pay right now, they said "no, 2 months". This seems ambitious but possible since they now have their manufacturing up and are learning how to box and ship.

Hah...the're probably learning about how to mine coins Grin. So I think, their answer could be "we do testing, testing, and testing all of your units/miners, untill we reach full satisfaction". I hope their satisfaction will be less than a hundred mlns $$$, which they maybe mine right now.. otherwise all BFL buyers will wait too long Undecided
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May 29, 2013, 11:42:20 PM
 #1766

Just figure it out, how much coins may be mined now.
Let's go to http://bfl.ptz.ro/ and check out, unofficial BFL Orders site shows  4,4k orders with total 286,937 GH/s.
Can you believe that - $1,565,747 gone every day!!! just if we use average current rates..
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May 30, 2013, 12:09:56 AM
 #1767

Butterfly labs should be shut down today.

Why? And by whom?
jordaninthesky
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May 30, 2013, 12:13:11 AM
 #1768

Butterfly labs should be shut down today.

Why? And by whom?

Right.  I was thinking that there are many other alternatives.
SNAZ31
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May 30, 2013, 01:58:15 AM
 #1769

Butterfly labs is awesome at scamming

I thought they were shipping now? Or is that all BS? I was very tempted to buy one at one stage but just went with 2 7970's instead... I am very impatient and I would like to mine some coins before they all run out! lmao
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May 30, 2013, 02:03:58 AM
 #1770

The bigger problem is that "transaction volume" is decreasing down to what it was when bitcoins were selling for $10 per 1 BTC.

Has no-one noticed this yet?

Unless we convince more places to "use bitcoins", with the many easy integration toys out there... (buy now buttons, web-shop integration, etc...) and convince them that is the ONLY way we intend to pay... also suggesting a decent transaction fee, where possible... (If the pool operators would be kind enough to share those too.)...

Then there will be ZERO transactions...
Zero transactions = Zero blocks found... Even if you have a 400THs machine... Zero transactions = 0THs, without a block to build.

We will all soon see...
"Waiting for work, miners idle. AVG: 0GHs"

You want to make money MAKING coins.. then YOU have to promote them... to use them... not just stock-pile them and "hope" the value rises, and people are still willing to pay that high price.

I joke, and ask everyone this...
"Got change for a few bitcoins?"
"Too bad you don't take bitcoins, I'd buy a lot more."
"Have you heard about bitcoins? Someone gave me one the other day..."

Stop telling people how EASY it is to make them, and start talking about how they can use them to buy crap. You are just decaying your own future value, inviting more miners here, and helping them take your portion of the pie faster!
smarloc
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May 30, 2013, 02:12:31 AM
 #1771

Has anyone actually recieved a single unit yet? I remember hearing about these guys last year.
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May 30, 2013, 02:15:21 AM
 #1772

Has anyone actually recieved a single unit yet? I remember hearing about these guys last year.

No but they/i will .. soon.
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May 30, 2013, 02:48:26 AM
 #1773

http://blockchain.info/charts/n-transactions

I see no issue here

The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
Jaden
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May 30, 2013, 02:59:07 AM
 #1774

Maybe if some of the rumblings regarding legislation to register ownership of precious metals comes to fruition, there will be a larger demand for Bitcoins as a store of wealth. I know I'm seriously thinking about it.
Mikeologist
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May 30, 2013, 03:24:50 AM
 #1775

Someone much wiser than me once said, "There is no such thing as a free lunch."
joae1975
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May 30, 2013, 08:53:03 AM
 #1776

Maybe if some of the rumblings regarding legislation to register ownership of precious metals comes to fruition, there will be a larger demand for Bitcoins as a store of wealth. I know I'm seriously thinking about it.
Huh?  Where'd you hear that from, the registration?  I know our pseudo pres is trying to say that the internet fuels extremism and that he's trying to control it.  Heck telegrams fuel extremism, people riding around on horseback fuel extremism, i.e. "The British are coming!"  Bumper stickers fuel it.  There's no end to the governments reach when it comes to security. 

I digress.  Point being, the big O is trying to control bitcoins by controlling the internet.  And the public is oblivious.  Actually makes me comfortable knowing what I know and actually doing something about it. 

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May 30, 2013, 10:25:16 AM
 #1777

Thanks for the heads up
nviere
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May 30, 2013, 11:08:19 AM
 #1778

It is taking so long now
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May 30, 2013, 02:53:54 PM
 #1779

As a non BFL-purchaser the longer it takes the better for the rest of my Miners Wink

But how many miners did you put off buying because of the uncertainty?

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May 30, 2013, 03:55:35 PM
 #1780

pff. no scam. they deliver in two weeks  Roll Eyes
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