Bitcoin will be at CES2013 (Official Thread)

[nathanrees19]

Being produced? You realise that it takes a long time to produce them, right? This means that if the initial batch doesn't work (annoyingly high chance), it takes a long time to get the second batch. If that doesn't work either, you're forced to delay the shipment for a third, etc.

You are talkng out of your ass.
Before ANY production runs (of ANY electronic device) are made the design is already completely prototyped and working.
No person in the world will run a production batch of an untested unprototyped design.
It would be a complete waste of money because it is almost 100% sure there will be some form of design error.
You can only start making predictions about the time it takes for one batch IF you have a working prototype and your product is quite finished.
THEN and only then do you invest money in an actual production run.
The BFL delivery dates don't add up. They must know fully well that their 'dates' were unresponsibly optimistic. Furthermore it appears they are fully depending on some 3rd party for their product since they say they will deliver soon but still have no prototype. This propably also means that the 3rd party they take the product from still has to do all the testing phases etc before they can produce a batch.
If their claim that BFL designed the chip themselfs is true then i don't think it is financially possible to run a batch without first going through several revisions which implies several more or less working prototypes.
Since BFL doesn't have a working prototype (or at least are unable or unwilling to show it) you can SAFELY assume they are not ready for a real batch of any size.

So for now BFL has given no reason whatsoever to trust that they will deliver anytime soon.
In any case, BFL claims they have extra special super experience with delays from the FPGA batches and have therefore claimed that they will, for sure, deliver in october 2012.
It is now January 2013, BFL showed an empty case on CES and they still haven't got a clue when exactly they will deliver.
This just means they have no control whatsoever about the process. They have shown that the dates they mentioned were meaningless.
One could even say their shipment dates are outright lies because they were never realistic in the first place given the fact that there is no prototype.

Is that so?

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[1714880324]

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[nathanrees19]

ASIC is all about who is first to product.  $100k is almost a drop in the bucket to get the products ready to ship ASAP.

This.

A "prototype" in the ASIC world generally means waiting for a MPW round that happens to be using the setup you need...this could mean months and months.

[lucif]

The first is out: https://www.btcfpga.com/forum/index.php?topic=1041.msg3093

Basic rip.

BFL - prepare!
Bitpay - prepare!

[MPOE-PR]

No. I hate lack of security and responsibility.

Actually what is killing bitcoin price?

1. Mtgox hack in June 2011
2. Bitcoinica hack/scam
3. Pirateat40
4. glbse

And now Bitpay with BFL crew.

How long this will continue? I like to kill them, not Bitcoin.

If we see a responsible secure bitcoin payment processor - I will shake it hand.

But we have slovens here so far.

Pretty spot on, that. Personal responsibility, nobody wants it.

[lucif]

And this are my thoughts https://bitcointalk.org/index.php?topic=133844

[MPOE-PR]

No, but relatively close.
I know a few Romanians, though. They taught me how to greet a Romanian girl. I'm supposed to say 'sugi pula'. If she refuses, I'm supposed to reply 'fututi morti mati' 

Did it ever work out for you?

[da2ce7]

Bitpay - prepare!

I think that Bitpay is a bridge too-far.  Tony is a great guy.

[the_thing]

These are my favorite parts :

Dave has attempted to process ALL outstanding requests for refunds.  However, Dave and I feel confident Tom did not leave enough money in the merchant account to complete them all.

and

Tom did not show up for our meeting this morning, where he was asked to provide several pieces of information regarding BTCFPGA.  All evidence I have leads me to believe he left town. I have no idea of his location.

Simply put, one of the owners gone nuts, took the money and ran away.

No, but relatively close.
I know a few Romanians, though. They taught me how to greet a Romanian girl. I'm supposed to say 'sugi pula'. If she refuses, I'm supposed to reply 'fututi morti mati' 

Did it ever work out for you?

Never met a Romanian girl.

[MooC Tals]

The first is out: https://www.btcfpga.com/forum/index.php?topic=1041.msg3093

Basic rip.

BFL - prepare!
Bitpay - prepare!

http://youtu.be/0jF5Xc3MIVk?t=12m53s

When it comes to money the devil is always in the details. No matter what or who is in charge corruption will always be the case. Even the trusted government and banks corruption always rises like cream.

[mrb]

Actually what is killing bitcoin price?
1. Mtgox hack in June 2011
2. Bitcoinica hack/scam
3. Pirateat40
4. glbse

I don't remember any of these 4 events causing a decrease of Bitcoin's price.

The reason of the price decrease between Jun and Dec 2011 was an popping of the valuation bubble, not the MtGox hack. In fact, BTC had already lost half of its peak value ($30 down to $15) before the hack had even occurred. I would even argue that the hack helped slow down the rate at which BTC was loosing value: MtGox suspended trading for a full week, allowing traders to cool down, and its rate managed to stay above $15 for a full 2+ weeks after trading was re-opened, a period during which anybody who wanted out presumably sold. It then progressively decreased over the next few months, but it was obviously a continuation of the popping of the valuation bubble.

[the_thing]

Actually what is killing bitcoin price?
1. Mtgox hack in June 2011
2. Bitcoinica hack/scam
3. Pirateat40
4. glbse

I don't remember any of these 4 events causing a decrease of Bitcoin's price.

the red circle shows the fall of the price after Pirate's operation shut down.
the blue circle shows the fall after glbse getting closed.

[MPOE-PR]

I don't remember these 4 events causing a decrease of Bitcoin's price.

Then your memory isn't very good. See here re Pirate. MtGox hack destroyed bitcoin for three quarters, it went from 30 to .01 and the recovery is not complete to this day. Etc.

[lucif]

Bitpay - prepare!

I think that Bitpay is a bridge too-far.  Tony is a great guy.

I will explain to SEC in large details how Bitpay processed payments not being licensed as payment processor. How they helped BFL to fool people for $25M. How they were together in CES.
They are actually participants in crime with BFL.

Bitpay probably needs to prepare good attorneys.

[lucif]

[the_thing]

I will explain to SEC in large details how Bitpay processed payments not being licensed as payment processor. How they helped BFL to fool people for $25M. How they were together in CES.
They are actually participants in crime with BFL.

Bitpay probably needs to prepare good attorneys.

I hereby pronounce you the creator of shitstorms.

wait a second, is this real or a shoop? i can't tell.

[lucif]

I'm just a spark in a room full of gas =)

[organofcorti]

........

I hereby pronounce you the creator of shitstorms.

Lucifer, stirrer of shit. Sounds about right.

[BitPay Business Solutions]

Bitpay - prepare!

I think that Bitpay is a bridge too-far.  Tony is a great guy.

I will explain to SEC in large details how Bitpay processed payments not being licensed as payment processor. How they helped BFL to fool people for $25M. How they were together in CES.
They are actually participants in crime with BFL.

Bitpay probably needs to prepare good attorneys.

exactly what license are you saying is required to be a payment processor?  payment processors are not money transmitters.  the IRS clearly puts them into 2 different categories, with different rules and regulations.  we follow all of the rules that the government has set out for payment processors.  so you can waste your time explaining this to a bureaucrat all you like, or you can do something more productive for bitcoin.

[lucif]

I'll explain.

You probably will try to escape from responsibility with all BFL story, as you are third party processing payments.

I don't think you will be able to escape, because from legal point of view you just laundered money for BFL. That is only what SEC should know with different aspects.

This would be even more interesting for SEC taking into account upcomming events with Bitcoin gambling processing.

[lucif]

so you can waste your time explaining this to a bureaucrat all you like, or you can do something more productive for bitcoin.

I will waste dont worry. Time is money.

You know what? Do something productive for Bitcoin: BE FUCKING RESPONSIVE FOR YOUR DOINGS, FOR YOUR ADS AND YOUR SCAMMER FRIENDS.