Butterflylabs Huge SCAM

[Kamehameha]

https://i.imgur.com/OiItM7d.png  says: I'm now going to say what every woman has told you every time you've taken off your paints: Josh, you're a very small man.

                                                                . .. ... https://i.imgur.com/6oX5UcC.jpg

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[Inaba]

Poor little Charlie *  You "Told me" that it was impossible 2 weeks after we already pulled the item. Yes, you are on the ball man... thanks for your input and welcome to two weeks in the past.

You are so confused, I'd feel sorry for you if I cared... but I don't.

[trichome]

I luckily paid with paypal and filed a claim to get a refund with the allowed time.  They didn't answer a single email from my order date until i filed the claim then i got like 3 emails asking what was up and 1 asking to cancel the claim....  Thank God i did not! and i have never seen a company treat customers the way they do!

[trichome]

Poor little Charlie *  You "Told me" that it was impossible 2 weeks after we already pulled the item. Yes, you are on the ball man... thanks for your input and welcome to two weeks in the past.

You are so confused, I'd feel sorry for you if I cared... but I don't.

You do care....you post and respond, did you charge him a quarter for this clue?

[LABitMarket]

Thank goodness PayPal can help, otherwise you're likely SOL

[roy7]

I luckily paid with paypal and filed a claim to get a refund with the allowed time.  They didn't answer a single email from my order date until i filed the claim then i got like 3 emails asking what was up and 1 asking to cancel the claim....  Thank God i did not! and i have never seen a company treat customers the way they do!

Why didn't you just ask BFL for a refund directly?

[smoothie]

The simple fact that this thread is in the newbies section and named as such should give all NEWBs an intuition that they should stay away from BFL.

[Li Xia]

This thread is better then last 4 years in total of all 4chan boards THE DRAMA.

[notfair]

lucky come across with this thread, nearly make an order on BFL.

[tiros]

I think after all they will deliver something, but probably it will be too late for those who put all the money and hopes they had into crippled dishonest horse BFL looks like to be.

[emilyreynolds69]

I don't know - I guess you have a point

[keccak512]

Is BFL a scam?

[Xian01]

Poor little Charlie *  You "Told me" that it was impossible 2 weeks after we already pulled the item. Yes, you are on the ball man... thanks for your input and welcome to two weeks in the past.
You are so confused, I'd feel sorry for you if I cared... but I don't.

Josh, we know this is yet another lie coming from you.

Clearly, you do care. Care enough to tell Jody to cancel my orders, care enough to advertise for Butterfly Labs here, and obviously care enough to post in these forums.

[tioted]

There is nothing new here.  These are all old allegations

[Foaz]

Was doubting about this, thanks

[charleshoskinson]

Here's an example of why I still attack Josh on the Minirig:

http://siliconangle.com/blog/2013/05/21/butterfly-labs-bitcoin-kerfuffle-is-classic-startup-mistake/

The long awaited Bitcoin miners from Butterfly Labs are finally shipping after 8 months of delay.  The company offers four configurations: Jalapeno, which is a 5 GH/s Bitcoin Miner; “Little Single” a 25 GH/s Bitcoin Miner; “Single” a 50 GH/S Bitcoin Miner; and the Mini Rig which is a 1,500 GH/s Bitcoin Miner.

They continue to say we pulled the product from market, yet make no attempt to actually broadcast its removal. Why are independent journalists writing articles about products that don't exist? I guess they are stupid too.....

Again, Josh you have not answered the very simple question why you continue to have the minirig listed in your product catalog. Out of stock does not equal off market https://products.butterflylabs.com/

And to sum up this thread, here is BFL's business model:

[pawelek]

I still waiting for my butterfly order

[creativex]

Describing BFL's pyramid scam as a "kerfuffle" is itself a "kerfuffle". The notion that they're just incompetent, but well meaning or trustworthy is SO last year. What was that 2012 drop dead date for chip delivery again?

The article linked above also dismisses BFL reps' lack of social graces as a by-product of their nerdiness and tech savvy nature, yet it's been proven again and again that their Chief Operating Officer knows next to nothing about chip production, product design, chip cooling, power consumption, or a multitude of other elements essential to the production of a product as technically challenging as an ASIC mining device. This is why BFL has outsourced nearly everything, supposedly to people that DO know this stuff. So what is it that BFL people do all day again? ...and why can't they treat investors with the respect they deserve?

[charleshoskinson]

Describing BFL's pyramid scam as a "kerfuffle" is itself a "kerfuffle". The notion that they're just incompetent, but well meaning or trustworthy is SO last year. What was that 2012 drop dead date for chip delivery again?

The article linked above also dismisses BFL reps lack of social graces as a by-product of their nerdiness and tech savvy nature, yet it's been proven again and again that their Chief Operating Officer knows next to nothing about chip production, product design, chip cooling, power consumption, or a multitude of other elements essential to the production of a product as technically challenging as an ASIC mining device. This is why BFL has outsourced nearly everything, supposedly to people that DO know this stuff. So what is it that BFL people do all day again? ...and why can't they treat investors with the respect they deserve?

They are young and inexperienced. ASIC design is both hard and prone to so many unexpected delays. Generally, one designs chips in silent mode until you have a functional product that needs polish. Then you announce it to the world and accept preorders. If the customers are going to share the risk in the R&D phase, then you inform them. The real tragedy here is if BFL simply had a kickstarter campaign last year and didn't announce a release date nor claimed the feasibility of the minirig, then the community would be really happy about them shipping 5 GH units and evangelizing the brand as another bitcoin success.

Instead they continue to arrogantly pretend like nothing went wrong, insult anyone who questions them, imply they have products in the catalog that simply do not exist and refuse to talk to the media. Here's some free business advice from the "kid living in his mother's basement" Josh. Have BFL do the following.

• The CEO writes an open letter to everyone apologizing for the delays and thanking your customers for their patience and support
• The CEO contacts bitcoin magazine and coindesk to commit to a full interview regarding the events of the last year
• Remove the Minirig from your product catalog on the website and replace it with a coming soon product picture
• Shut down Josh's account on bitcointalk and replace him with someone who understands the words social media strategy
• Hold an online townhall for every customer to attend and directly ask questions to the executive management
• Launch a pretty website that shows the shipping queue real time and allows for verified customer feedback
• Have BFL's chief engineer post a youtube video giving a tour the assembly facility and discuss why BFL's technology is both unique and cool

This list really isn't actually hard to do and would correct most of the mistakes you guys have made. Or you can continue calling me an idiot, attacking my integrity, insulting your customers, over-promising, existing with no media strategy outside shipping review units that reveal a mountain of lies (like ars technica's unit consuming 10 watts per GH- that's a fucking fact Josh) and advertising products that you are no longer selling.

If Bitcoin is here to stay, then ASICs will be big business and good fucking luck competing with AMD and Intel in this space.

[jordaninthesky]

I'd be laughing if people didn't suffer so terribly especially with the bitcoin preorders. It really makes me sad.

BFL blames Bitpay for this, so obviously BFL is good.  Even though Bitpay pays them the way that they want...  

Even though BFL sold us on supporting BTC because THEY ACCEPT BTC as a form of payment.

It was BFL who elected to turn customers BTC into cash, not Bitpay.  Bitpay forwards money in terms the receiving merchant dictates.  BTC or $ or both!  Bless Bitpay.  It was BFL who valued $ over BTC and made the decision to lose everyone's value of investment by electing to cash out the BTC.  This is a transparent for everyone to see.  And it's clearly conniving.

But then again, we have the priorities.  Pictures/Press/Pandering/Advertising/Reckless Publicized Gambling of Josh losing 20,000 BTC, what?  Shipping is in there somewhere.  Oh, they don't call it shipping anymore, they call it "in two weeks".