optimusprime
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May 16, 2013, 08:03:51 AM |
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wait and wait
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Dave Knight
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May 16, 2013, 08:53:21 AM |
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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.
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animalxp
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May 16, 2013, 09:08:31 AM |
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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. |
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Schrankwand
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May 16, 2013, 09:14:39 AM |
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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." |
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wopwop
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May 16, 2013, 10:20:03 AM |
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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
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Frizz23
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May 16, 2013, 10:31:57 AM
Last edit: May 16, 2013, 10:55:13 AM by Frizz23 |
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... retard ... idiot ... liar ... moron ... tool ... lowlife ...
Josh is to ASIC as Amy is to Bakery   |
Ξtherization⚡️First P2E 2016⚡️🏰💎🌈 etherization.org
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astrobooey
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May 16, 2013, 10:34:41 AM |
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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 ^^
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animalxp
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May 16, 2013, 11:27:28 AM |
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lol...lol...lol PULL your money people ... NOW!!! |
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nick7
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May 16, 2013, 11:37:39 AM |
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It's not a scam until they've run off with the money. Until then, they're just terrible at business.
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animalxp
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May 16, 2013, 12:28:16 PM |
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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?  ? |
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MooC Tals
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May 16, 2013, 02:57:43 PM |
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... retard ... idiot ... liar ... moron ... tool ... lowlife ...
Josh is to ASIC as Amy is to Bakery 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!!!! |
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crypt0maniac
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May 16, 2013, 02:59:21 PM |
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HAHAH Peaple will never learn, scammer will keep scamming no matter what...
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focusforever
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May 16, 2013, 03:13:15 PM |
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this is scam, i don't believe
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reich
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May 16, 2013, 03:19:29 PM |
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Butterfly labs is a scam.
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nick7
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May 16, 2013, 03:30:19 PM |
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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? ? 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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enzz0
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May 16, 2013, 03:39:32 PM |
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animalxp
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May 16, 2013, 04:04:36 PM |
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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? ? 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. i was a late comer, luckily and went to my bank to recover my funds. i dont feel betrayed because my money is insured and the current lack of product with the promise of "soon... soon....soon" meanwhile money is being taken... speaks volumes about whats going on. as for R&D.... i laugh. |
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daemonfox
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May 16, 2013, 04:08:17 PM |
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Funny to see all the hate towards BFL... all the scam claims...
Regardless of all the hype, bad PR, delays and accusations, there are Bitforce SCs in the wild now, multiple forum posts with pics, vids, stats, screenshots and mining pool stat pages showing consistently provable use of these miners.
If you bought in and then got a refund... stop crying you got out.
If you were never a customer, why do you care, also stop crying scam because YOU WEREN'T SCAMMED!
Everyone else who stayed the course, even through the delays, has every reason to be upset over this, but, they had the choice to purchase and to get refunded... so if you are still crying, just stop... it is pointless.
Don't you think if they were scamming us, there would already be an investigation? They had to send fiat overseas to pay the foundry to make the wafer pies... you don't move that much fiat without some regulatory group seeing it. Plus, they are a registered company here in the US... if there was significant proof of a scam, at this late in the game, and as public as the entire process to date has been, the government would already have them in their cross hairs.
Maybe i am off base here, or just blinded by my own pre-order... but you cry babies act like cutting edge technology is easy to make... and it isn't. Point blank, no other company at this level of technology has EVER been this public about their R&D... to me that speaks volumes for Josh and BFL, even if it feels like there is a lack of timely updates... microprocessors and new technology dont make progress every hour of every day... things take time to piece together and polish.
I for one have given BFL and Josh the benefit of the doubt... yes they blew their time frame and yes it has made our profits diminish... but they are not gone and only the greedy are butt hurt they cant pay their "investment" off like Jeff did in 9 days... mine will still pay off in 6 weeks even if I dont get it until July... I have no power costs so pure profit.
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Nullrisk
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May 16, 2013, 04:20:19 PM |
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I tend to agree with daemonfox's argument.
In fact, they:
1. Didn't run in the most appropriate time for them (after cashing in all the pre-orders), but instead stayed around to get all the blame on their face and even return money to people
2. Have shown evidence of technical progress, by shipping some units to well known folks - why do this if you're mining in stealth mode with your secretly available hw?
On the other hand, pouring money into a project while in the R&D phase is quite common, even in the "dangerous" BTC-World (How was ASICMINER funded?). Everybody knows it is risky - very risky, in fact - but that's a different story.
Stay firm, daemonfox!
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