Bitcoin Forum
February 18, 2019, 07:14:43 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 ... 175 »
  Print  
Author Topic: Butterflylabs Huge SCAM  (Read 376088 times)
Pokokohua!
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile WWW
April 23, 2013, 07:28:43 PM
 #661

What a load of crap here, a fool that was licking that bASIC guy's ass for months, so he choose the wrong horse, same conversion bullshit as for months but not talking/crying for bitcoin when the bitcoin was $3 now, class action haha. That's like the weaker guy shouting "hold me hold me" before I attack the big guy.
Go get a refund, anyone that wants one gets it, be the man or stop pretending to be What's your next option, wait for another chance for an avalon? I was lucky for 4x batch 2, so what will you do, wait, or wait&hope to be lucky?
1550474083
Hero Member
*
Offline Offline

Posts: 1550474083

View Profile Personal Message (Offline)

Ignore
1550474083
Reply with quote  #2

1550474083
Report to moderator
1550474083
Hero Member
*
Offline Offline

Posts: 1550474083

View Profile Personal Message (Offline)

Ignore
1550474083
Reply with quote  #2

1550474083
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1550474083
Hero Member
*
Offline Offline

Posts: 1550474083

View Profile Personal Message (Offline)

Ignore
1550474083
Reply with quote  #2

1550474083
Report to moderator
1550474083
Hero Member
*
Offline Offline

Posts: 1550474083

View Profile Personal Message (Offline)

Ignore
1550474083
Reply with quote  #2

1550474083
Report to moderator
1550474083
Hero Member
*
Offline Offline

Posts: 1550474083

View Profile Personal Message (Offline)

Ignore
1550474083
Reply with quote  #2

1550474083
Report to moderator
jml
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
April 23, 2013, 07:35:46 PM
 #662

What a load of crap here, a fool that was licking that bASIC guy's ass for months, so he choose the wrong horse, same conversion bullshit as for months but not talking/crying for bitcoin when the bitcoin was $3 now, class action haha. That's like the weaker guy shouting "hold me hold me" before I attack the big guy.
Go get a refund, anyone that wants one gets it, be the man or stop pretending to be What's your next option, wait for another chance for an avalon? I was lucky for 4x batch 2, so what will you do, wait, or wait&hope to be lucky?

Im an FPGA miner and I am sticking to it until I see that ASIC become mainstream. There is just a lot of hot air with ASICs atm.

"Everything is a matter of degree"
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
April 23, 2013, 07:41:58 PM
 #663

Ok let's actually solve this problem then. Let's pick a date and if BFL has not shipped by then, we agree to start a list for a class action lawsuit for fraud.

Look up the meaning of ponzi scheme. No really look it up. You need to actually read it and understand it. Then pick your date. I can't make it any more clear.
BitGlory
Full Member
***
Offline Offline

Activity: 169
Merit: 100


DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO


View Profile
April 23, 2013, 09:00:27 PM
 #664

So you said
Quote
according to the Blog entry from BFL_Jody, they shipped a couple customer units and some more developer units over the last 2 days...
and the link is their forum? https://forums.butterflylabs.com/blogs/bfl_jody/136-shipping-update.html#comments

Where they can make/delete/change password of users... Are you kidding? And you believe on their forum, built ad-hoc to fool you?

Aahzman
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


Your *what* is itchy?


View Profile
April 23, 2013, 09:22:39 PM
 #665

So you said
Quote
according to the Blog entry from BFL_Jody, they shipped a couple customer units and some more developer units over the last 2 days...
and the link is their forum? https://forums.butterflylabs.com/blogs/bfl_jody/136-shipping-update.html#comments

Where they can make/delete/change password of users... Are you kidding? And you believe on their forum, built ad-hoc to fool you?

if you're so deadset in your belief that BFL is a scam, then no evidence anybody presents is going to convince you otherwise. 

Also, I didn't say I believed they were shipping, I said "according to...".  I made no claim of belief either way.




eikes
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
April 23, 2013, 09:29:20 PM
 #666

Now that the first devices have shipped, what dou say?
Aahzman
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


Your *what* is itchy?


View Profile
April 23, 2013, 09:31:11 PM
 #667

I say I'm withholding a definitive stance until either a) we start to see people posting their pics and vids (besides BFL-stroking reviewers who receive free units) or b) i receive my 2 Jalapenos.

I'm optimistically hopeful.

tempestb
Hero Member
*****
Offline Offline

Activity: 729
Merit: 500



View Profile
April 23, 2013, 09:34:47 PM
 #668

Most elaborate scam ever if it were a scam.  Amazing how there are now third party reviewers making videos of the hardware units actually working.  Are they in on it as well?

Ridiculous.  There's no scam here.  You can get a refund for your order at any time if you aren't willing to wait it out. 

1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream...  Alone
lupinIII
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 23, 2013, 09:37:04 PM
 #669

I bet is a scam.....Only a scam...never they will ship...never
coalescent
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
April 23, 2013, 09:54:49 PM
 #670

There's videos of functioning hardware. Not a scam, just a poorly-run company. ;P
ks3rv3rg
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
April 23, 2013, 10:23:12 PM
 #671

Its not a scam.  They've started shipping.  And even prior they had already sent dev boards to developers.  As the post above mine says, just a poorly run company.  Im sure they've learned some valuable lessons though, as well as all those that made preorders.
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
April 23, 2013, 10:41:18 PM
 #672

So you said
Quote
according to the Blog entry from BFL_Jody, they shipped a couple customer units and some more developer units over the last 2 days...
and the link is their forum? https://forums.butterflylabs.com/blogs/bfl_jody/136-shipping-update.html#comments

Where they can make/delete/change password of users... Are you kidding? And you believe on their forum, built ad-hoc to fool you?

if you're so deadset in your belief that BFL is a scam, then no evidence anybody presents is going to convince you otherwise. 

Also, I didn't say I believed they were shipping, I said "according to...".  I made no claim of belief either way.





Thats great millions of pre-sales and all they can put out is jala's. Sounds like progress. You do know that the Josh has a mining pool. I hope he's not using the excuse of not having enough chips to build units to further his profit at bitcoin prices today.

Maybe even use the machines to mine on? The rigs atleast.

Nah! Josh has never lied before.
ThinkBitcoin
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
April 24, 2013, 12:57:43 AM
 #673

They tweeted that they have shipped the first products to early customers.

Let's see if its true.
charleshoskinson
Legendary
*
Offline Offline

Activity: 1092
Merit: 1002

CEO of IOHK


View Profile WWW
April 24, 2013, 01:06:02 AM
 #674

Quote
Look up the meaning of ponzi scheme. No really look it up. You need to actually read it and understand it. Then pick your date. I can't make it any more clear.

If they have a working product and are able to deliver all of said product to the consumers who have ordered it while maintaining a profit, then by definition they are not a ponzi scheme. I strongly suggest you look up what a ponzi scheme is before attacking me.

If they cannot deliver by some date we choose, then we have the right to request a refund in mass. If BFL cannot refund our money and have no product, then yes they are a ponzi scheme. Then I and my lawyers will call for a both an investigation by the government and also a class action lawsuit. The management will return to prison and we will address the ASIC issue in a more transparent and open way.


The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
RustyGunz
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
April 24, 2013, 01:23:10 AM
 #675

BFL is real. I live about 20 mins away fromm their lab. Ive been there and saw all the different systems they are selling. Yes they did have a few of each up and hashing, not at full power because owner said the were still working on heat issues and software stabilizing. but all in all I believe them because I saw them with my own eyes, they gave me and my buddy a tour of the entire place. Its legit, slow, but legit.

You wouldn't be the one on reddit who just walked in and got an impromptu tour would you?
volosator
Sr. Member
****
Offline Offline

Activity: 274
Merit: 250



View Profile
April 24, 2013, 01:28:01 AM
 #676

Jalaps seem to mature, but it seems there are issues with the other 2 SC ASIC miners.

Actually with 3 - 25G, 50G and 1.5 TH.

I still wonder how minirig will look like
roy7
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
April 24, 2013, 01:32:43 AM
 #677

If they cannot deliver by some date we choose, then we have the right to request a refund in mass.

Why not just request a refund now if you are tired of waiting? They apparently honor all refund requests.
lostofctrl
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 24, 2013, 01:39:49 AM
 #678

Already refunded 1 jalapeno  Lips sealed and go for avalon  Grin
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
April 24, 2013, 02:30:07 AM
 #679

Quote
Look up the meaning of ponzi scheme. No really look it up. You need to actually read it and understand it. Then pick your date. I can't make it any more clear.

If they have a working product and are able to deliver all of said product to the consumers who have ordered it while maintaining a profit, then by definition they are not a ponzi scheme. I strongly suggest you look up what a ponzi scheme is before attacking me.

If they cannot deliver by some date we choose, then we have the right to request a refund in mass. If BFL cannot refund our money and have no product, then yes they are a ponzi scheme. Then I and my lawyers will call for a both an investigation by the government and also a class action lawsuit. The management will return to prison and we will address the ASIC issue in a more transparent and open way.





Are you sure you read it correctly? Actually its worse than a ponzi scheme it gives no returns on investments.
charleshoskinson
Legendary
*
Offline Offline

Activity: 1092
Merit: 1002

CEO of IOHK


View Profile WWW
April 24, 2013, 03:03:59 AM
 #680

Again you are not in a position to determine the profitability of the ASICs. We could estimate a point at which profitability is probabilistically unlikely and then say they have committed fraud unless they refund the difference after shipping. But if they:

A) Deliver a real product as promised to the vast majority who pre-ordered
B) The product performs as the community expected or decided to agree upon revision (as indicated by their lack of cancellations of the preorder)
C) The company is capable of funding future operations based solely upon profits and debt explicitly solicited for operational capital.

Then no they are not a ponzi scheme. If BFL delays for another window without a partial refund, then you are correct that investors will likely not be able to recover their capital. In this case, they have committed fraud.

I will agree that they are poorly managed and have made bold promises that in hindsight were impossible to deliver. However, they have admitted to the revised numbers and the community who preordered has continued to maintain their orders. If BFL had continued to assert both the wattage and performance numbers and could not refund the money if requested, then yes they are a ponzi scheme.




The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 ... 175 »
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!