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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-09-23] C/Net: Bitcoin-mining company Butterfly Labs shut down by FTC
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eldentyrell (OP)
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September 24, 2014, 03:58:04 AM
 #1
Sha na na na.. sha na na na... hey hey hey, goooodbye...

http://www.cnet.com/news/bitcoin-mining-company-butterfly-labs-shut-down-by-ftc/
The printing press heralded the end of the Dark Ages and made the Enlightenment possible, but it took another three centuries before any country managed to put freedom of the press beyond the reach of legislators.  So it may take a while before cryptocurrencies are free of the AML-NSA-KYC surveillance plague.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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September 24, 2014, 04:14:58 AM
Last edit: September 24, 2014, 04:28:56 AM by notthematrix
 #2
https://www.youtube.com/watch?v=y6Sxv-sUYtM
and if that one is finished we have https://www.youtube.com/watch?v=i0A3-wc0rpw&list=PL2-BymJLCf6D6HEzo5CGPMBM0E1ZRJCd_
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September 25, 2014, 05:05:17 AM
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20,000 orders is a lot. I wonder if any of them have been fulfilled.
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September 25, 2014, 05:09:01 AM
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I almost feel like we should all be throwing Jalepenos in the air or having some sort of celebration
Butterflys everywhere and a Monarch sitting in the corner smiling as we go on an acid trip on the road to nowhere anytime soon trademarked as 2 weeks ^^.

__
Responding to the FTC's lawsuit, Kansas-based Butterfly Labs said Tuesday it was "disappointed in the heavy-handed actions" of the commission.

Lol.
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