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Author Topic: Butterflylabs Huge SCAM  (Read 383679 times)
fflewddur
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May 31, 2013, 03:50:45 AM
 #1801

So how long you guys been giving this guy money and he still hasn't delivered anything substantial?  Just curious.

It'll be a year come June. But I think the earlier comments about the value of BTC matching the difficulty are on the right track, just reversed; if network difficulty outpaces the value of BTC to the point where miners are spending more in electricity than they're earning, the most inefficient will likely shut off their hardware. So, if BFL delivers reasonably efficient miners, there's still hope of making some money back. It's not a secret who runs BFL. If they don't deliver *anything*, there'll be a huge class-action suite or massive refunds for everyone who pre-ordered... maybe both.

(And this totally ignores the speculation aspect--if someone is betting on BTC hitting $10,000+ soon, then they'll mine whatever dust they can.)
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pathogen
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May 31, 2013, 04:49:07 AM
 #1802

By the end of August 75% plus will have their orders.

You heard it here first...
jseverson
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May 31, 2013, 06:37:30 AM
 #1803

For all those convinced its a scam..go put your money where your claim is and win some BTC for being right!

I started a bet on BFL going bankrupt:

http://betsofbitco.in/item?id=1624

Preschoolv2
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May 31, 2013, 07:50:37 AM
 #1804

For all those convinced its a scam..go put your money where your claim is and win some BTC for being right!

I started a bet on BFL going bankrupt:

http://betsofbitco.in/item?id=1624

they shipped a shitton of jalas today lol.
smoothie
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LEALANA Monero Physical Silver Coins


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May 31, 2013, 08:32:06 AM
 #1805

By the end of August 75% plus will have their orders.

You heard it here first...

lol newb account says so, it must be true!

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darkmule
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May 31, 2013, 09:06:56 AM
 #1806

Only to people who are assholes to me first.  I respond in kind, if you haven't noticed.


"I respond in kind" ... LOL ... that could become the quote of the month  Grin

It'd be nice if he responds in kind, but he generally responds in schwag.
Frizz23
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May 31, 2013, 09:33:30 AM
 #1807

By the end of August 75% plus will have their orders.

You heard it here first...

No. We heard it there first: http://www.butterflylabs.com/bitforce-sc-release-notes/
(yes, this page is still online!!!)

"... The SC product line has been under development for quite some time and is not the result of an expedited development process.  Although there are always issues during development, our team is highly experienced in exactly this field and we're currently ahead of our original timeline.  Honest Abe, we're scheduling shipments for October of 2012. ..."












alexius98
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May 31, 2013, 01:36:08 PM
 #1808

Bfl is a big SCAM!!
creativex
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May 31, 2013, 01:44:00 PM
 #1809

By the end of August 75% plus will have their orders.

You heard it here first...

No. We heard it there first: http://www.butterflylabs.com/bitforce-sc-release-notes/
(yes, this page is still online!!!)

"... The SC product line has been under development for quite some time and is not the result of an expedited development process.  Although there are always issues during development, our team is highly experienced in exactly this field and we're currently ahead of our original timeline.  Honest Abe, we're scheduling shipments for October of 2012. ..."

Incredible that's still posted. The wording even way back then was weaselesque. Who save a lawyer would say "we're scheduling shipments"? Roll Eyes

Ll_lkasz
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May 31, 2013, 02:36:42 PM
 #1810

page still online and people still buying something which not exist.
llieco
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May 31, 2013, 02:54:08 PM
 #1811

the jalapenos are rolling out
pennypig
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May 31, 2013, 03:02:06 PM
 #1812

At the very least they are a mismanaged company not deserving to be in business.  I'm looking forward to the DIY chip options with the Klondike board.
nagnagnag2
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May 31, 2013, 03:04:36 PM
 #1813

they shipped a shitton of jalas today lol.

the jalapenos are rolling out

source?
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May 31, 2013, 03:19:19 PM
 #1814

For all those convinced its a scam..go put your money where your claim is and win some BTC for being right!

I started a bet on BFL going bankrupt:

http://betsofbitco.in/item?id=1624

I would but I only make bets like that with Matthew N Wright and then I like to settle up for pennies on the dollar. lol

creativex
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May 31, 2013, 03:27:27 PM
 #1815

the jalapenos are rolling out

Any links? Are they "rolling out" faster than new orders are "rolling in"? BFL touted production capacity of up to 400 pieces/day. Have they shipped even 10% of one days' claimed capacity yet...after nearly ONE YEAR?

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May 31, 2013, 03:47:11 PM
 #1816

the jalapenos are rolling out

Any links? Are they "rolling out" faster than new orders are "rolling in"? BFL touted production capacity of up to 400 pieces/day. Have they shipped even 10% of one days' claimed capacity yet...after nearly ONE YEAR?

This is what bothers me the most. They stated, order now, have your units within months. And its fucking going on almost beyond a year with

Fuck BFL, I ordered a Jalapeno

SCAMMERS


Did you see, they changed the name and price, jal to something, and from $174 to $276 or something, then they removed everybodys shipping from first class to a lower tier and asking an additional amount of money "175USD" for shipping. Then they ship out, "Experiment units" to people, with youtube vids, try to pull more customers in.

Edit:

I'm not all that smart, but this is common sense to me, what BFL is/are doing.

... might as well put some of that refund money to good use ...

That is absolutely disgusting. We all know what BFL are doing, just need hard core evidence. But in reality, we know what they are doing, they know it and they know they can get away with it atm. Just matter of time before the cookie crumbles in the glass of milk.

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May 31, 2013, 03:50:34 PM
 #1817

Anyone every get an ASIC from BFL yet??
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May 31, 2013, 03:57:43 PM
 #1818

Why would the government ever worry about Bitcoin when we fuck each other over constantly? All they have to do is sit back and wait until no one has any trust left for any business catering to Bitcoin. BFL is is just one of many! Look at all the pools that have fucked people over, Zhou Tong still posts here with no scammer tag, nothing ever happened to Pirate, and on and on and on. The Feds are probably laughing their asses off and saving their tax dollars for something they really have to worry about.

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May 31, 2013, 04:12:23 PM
 #1819

Anyone even get a demo to see they exist?
BitCoinzRUS
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May 31, 2013, 04:44:22 PM
 #1820

Why doesn't someone file A Federal Law Suit against these assholes? You can't delay a pre-order indefinitely that is outright Fraud! Especially if your doing it with the knowledge that you don't have a ready product and will never have one. It seems obvious BFL is a Fraud and that whoever got these Butterflylab Miners are in on the scam. I doubt one working unit even exists. It's easy to post pictures or even a video of a model that seems to be running.

Without a government backed investigation or one conducted by a reputable private agency there is no way to validate that even 1 functioning model has been delivered. I imagine BF labs has a lot of paid Shills and co-conspirators. Whoever bought into the scam is naïve as they are Greedy and BF labs took advantage of that Greed and naivete to the tune of Millions.

If it seems to good to be true it is too good to be true. If BFLabs could make these miners they'd be a Fortune 500 company. All they can make apparent is a very elaborate scam and a convincing website to reel in the gullible and the Greedy.

I thought about buying a BFL miner when I first got into bitcoin a few months ago but after doing my research It was obvious to me it was a scam.

These guys are Criminals and someone who fell for this scam should file a Federal Lawsuit on them. Why hasn't anyone done this yet? I have a feeling the guys who run BFL are all going to end up in Federal Prison sooner or later, you don't rip people off for Millions with impunity.
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