Butterfly Crash

[epbaha]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

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[lucif]

I will not be surprised. Classic ponzi with promises.

[molecular]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

[lucif]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

They say BFL owner is criminal in past

[epbaha]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

[lucif]

https://bitcointalk.org/index.php?topic=110868.20
https://bitcointalk.org/index.php?topic=114329.0

I want to believe people becomes better. But expirence protests.

[lucif]

Btw, does anyone see any noticeable hashrate growth? I think if anyone would have asic technology in hands, that should have impact on hashrate dramatically.

[Kupsi]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

[lucif]

[ElectricMucus]

I'd expect something similar then when pirate shut down.

Except I think it should be lower in magnitude in terms of the initial crash but have larger repercussions in terms of mid term price development. If the ASIC startups turn out to be a dud there will be large spread disappointment but the acceptance will be much harder to swallow. So I would expect about half a year downtrend. No idea how steep though it depends so much on other factors.

[ElectricMucus]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

[lucif]

So we all playing roulette here

I read in midterm TA picture something weird could happen.

[Luno]

If there is no BFL and the other manufactures have more delays, the effect would more likely be that people start cashing out beause difficulty is not rising as fast as expected.

BFl not delivering does not make it a scam. If they default and repay what's left to the investors and preorders, they have only proved themself as bad business men. Maybe the Chinese chip maker has scammed them?

The thing that still not seem right about BFl is the total lack of crowd sharing of their firmware programming effort. If there had been a subforum where people discussed improvements with code snippets, it would have been just as tangible as a working prototype early on.

Avalon openly discuss the intricate part of their firmware efforts and discussing different methods of improving their algorithms.

BFL have not proven they have the brain power to make the butterfly ASIC take off. Sure they had delivered FPGAs, but thats a walk in the park to program especially if you don't care if your firmware is optimised and just focus on shipping something.

[Kupsi]

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country?  Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

I think they will appreciate their bitcoins even more. BFL failing is not the same as Bitcoin failing.

[lucif]

In any case we may see a dump. Either from asic adepts which will try to cover credits, or from GPU miners that will quit biz due to asic success.

[SlaveInDebt]

In any case we may see a dump. Either from asic adepts which will try to cover credits, or from GPU miners that will quit biz due to asic success.

Your logic blows, remember the production of btc remains the same regardless all you are looking at it is possible sellers trying to get back a quick ROI. They will be there but only due to ignorance and fear mongers like you.

[ElectricMucus]

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

I think they will appreciate their bitcoins even more.

How so? I seriously have problems following that.

BFL failing is not the same as Bitcoin failing.

True dat, but what does this have to do with anything?

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

[SlaveInDebt]

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

Just trying to catch the yellow 

[ElectricMucus]

This hasn't anything to do with luck... now if you just were to follow the arguments instead of discriminatory dismissing them we could get a real debate going.

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

Just trying to catch the yellow  

always  

[SlaveInDebt]

This hasn't anything to do with luck...

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

Just trying to catch the yellow 

always 

Cheers where do I send the beer? pm