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Author Topic: Math + BFL + Preorder = Fail  (Read 907 times)
smoothie
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April 22, 2013, 05:32:35 AM
 #1

In June 2012 the bitcoin price was roughly $6.50. And $30,000 for the mini rig equals about 4,615 BTC x $120 = $553,846.00

This simple math calc shows just how fucked preorder customers for BFL are. And to top it all of, the minirig will NOT be as it initially was advertised. It will likely be a mess of wires of much smaller devices or one GARGANTUAN rig lol.

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           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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mrb
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April 22, 2013, 05:35:25 AM
 #2

Your post does not adhere to the code of conduct in this subforum. Wording is abrasive, uncivil, etc.
oakpacific
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April 22, 2013, 06:27:35 AM
 #3

Did they really receive $100 million worth of bitcoins from preorders? It's almost like they are a dotcom bubble startup, wow.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
smoothie
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April 22, 2013, 07:25:35 AM
 #4

Your post does not adhere to the code of conduct in this subforum. Wording is abrasive, uncivil, etc.
I'm not hurting anyone.

Or am I?

My wording is truth. If you don't like it you can hit the pussy ignore button to the left.

Thanks  Cheesy

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Malawi
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April 22, 2013, 07:51:12 AM
 #5

In June 2012 the bitcoin price was roughly $6.50. And $30,000 for the mini rig equals about 4,615 BTC x $120 = $553,846.00

This simple math calc shows just how fucked preorder customers for BFL are. And to top it all of, the minirig will NOT be as it initially was advertised. It will likely be a mess of wires of much smaller devices or one GARGANTUAN rig lol.


AFAIK they have priced their products in USD, thus the current value of BTC is really irrelevant.

BitCoin is NOT a pyramid - it's a pagoda.
smoothie
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April 22, 2013, 09:44:07 AM
 #6

In June 2012 the bitcoin price was roughly $6.50. And $30,000 for the mini rig equals about 4,615 BTC x $120 = $553,846.00

This simple math calc shows just how fucked preorder customers for BFL are. And to top it all of, the minirig will NOT be as it initially was advertised. It will likely be a mess of wires of much smaller devices or one GARGANTUAN rig lol.


AFAIK they have priced their products in USD, thus the current value of BTC is really irrelevant.

Some people paid with btc....so yes it does matter lol

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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███████    ▐▄     ²██╩     a▌    ███████
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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
legendster
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April 22, 2013, 10:48:27 AM
 #7

In June 2012 the bitcoin price was roughly $6.50. And $30,000 for the mini rig equals about 4,615 BTC x $120 = $553,846.00

This simple math calc shows just how fucked preorder customers for BFL are. And to top it all of, the minirig will NOT be as it initially was advertised. It will likely be a mess of wires of much smaller devices or one GARGANTUAN rig lol.


AFAIK they have priced their products in USD, thus the current value of BTC is really irrelevant.

Some people paid with btc....so yes it does matter lol

Dont you think that the coins/money they got from preorder got used up ordering/building the "parts" required to build these rigs ?

*Unless they spent the cash from their pockets which is highly unlikely.

Phinnaeus Gage
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April 22, 2013, 11:06:19 AM
 #8

Wife: When is our minirig being shipped, dear?
Husband: Umm! Not sure, but it looks like that custom shelf I made isn't going to work for the rigs that are replacing that one mini.
Wife: And what did we pay for it?
Husband: 4,615 BTC.
Wife: And what was the approximate highest exchange rate to date?
Husband: $250 per.
Wife: I just happen to have a calculator handy and that equates to $1,153,750. Do you know what means?
Husband: Yes, dear. No pussy tonight.
Wife: Bingo! BTW, when the replacement units do arrive, when will be see an ROI?
Husband: You know it's your fault that I'm a cocksucker, don't you?
Wife: I ask the fuckin' questions in this household, shit-for-brains!
Husband: Yes, dear.
stevendevlin
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April 22, 2013, 11:18:02 AM
 #9

Saying this implies that preorderers knew that bitcoin would be worth $244 only 7 months after buying the rig. Sure it would be a better idea in retrospect but nobody has perfect information. If everyone had perfect information all the time, then yes, no matter how you cut it, all BFL preorders would be a bad idea.

This BFL shit is becoming worse than the Rebublican-Democrat division. Everyone wants the same thing (MOAR GOVERNMENT!) with very slight differences and they hate each other for the slight differences.

Stop trying to make people regret using their currency as currency. Spending bitcoin is the only way to ensure its long term success.
Malawi
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April 22, 2013, 11:59:38 AM
 #10

In June 2012 the bitcoin price was roughly $6.50. And $30,000 for the mini rig equals about 4,615 BTC x $120 = $553,846.00

This simple math calc shows just how fucked preorder customers for BFL are. And to top it all of, the minirig will NOT be as it initially was advertised. It will likely be a mess of wires of much smaller devices or one GARGANTUAN rig lol.


AFAIK they have priced their products in USD, thus the current value of BTC is really irrelevant.

Some people paid with btc....so yes it does matter lol

Still does not matter. They paid in USD, if they had thought the price was to dang low, they would have restocked on BTC.

BTC is not a pyramid or a ponzi scheme - It's a C-U-R-R-E-N-C-Y remember?

BitCoin is NOT a pyramid - it's a pagoda.
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April 22, 2013, 12:21:28 PM
 #11

Your post does not adhere to the code of conduct in this subforum. Wording is abrasive, uncivil, etc.

I'm not hurting anyone.
Or am I?

abrasive & uncivil (which you are) is not the same as hurting (which you are not).

legendster
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April 22, 2013, 04:25:06 PM
 #12

I agree, BTC is a CURRENCY !

My neighbors bought a piece of land in the central city with INR 5000 40 years ago, had they waited for 40 years their 5k would now be equivalent to 500k ...

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