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Author Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)  (Read 922525 times)
OgNasty
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September 19, 2014, 07:15:32 PM
 #2641

It looks as though Butterfly Labs may have been raided by the US Marshals this morning.  This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

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unthy
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boomertoo
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September 19, 2014, 08:25:01 PM
 #2642

It looks as though Butterfly Labs may have been raided by the US Marshals this morning.  This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

Still not confirmed on any google news search, could be a po,d  bfl customer posting fud on redit
Squirrel Dearing
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September 19, 2014, 08:25:49 PM
 #2643

It looks as though Butterfly Labs may have been raided by the US Marshals this morning.  This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/
Wow.. Mixed emotions..

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Introducing
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[]
maqifrnswa
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September 19, 2014, 10:06:19 PM
 #2644

I know people don't read here all the time, but simply put:

without dilution shares are worth negative BTC
with dilution shares are worth positive BTC

I don't see how anyone could vote no, unless they think they can get a better deal on the debt - but if they do they should be presenting their arguments...
plasticAiredale
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September 20, 2014, 12:35:51 AM
 #2645

It looks as though Butterfly Labs may have been raided by the US Marshals this morning.  This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

  Shocked Did we get our refund yet?
OgNasty
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September 20, 2014, 12:41:32 AM
 #2646

It looks as though Butterfly Labs may have been raided by the US Marshals this morning.  This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

  Shocked Did we get our refund yet?

Not yet.  I posted on the BFL forums asking about it and my post was deleted.  Hopefully we get some answers soon.

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unthy
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September 20, 2014, 01:32:29 AM
 #2647

it appears to be yet another hoax by irrational BFL-haters...

=squeak=

nonnakip
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September 20, 2014, 02:07:06 AM
 #2648

Distribution 321554 is complete. Thank you to the donators.

Interesting note: The timestamp on the block is 5 minutes before the transaction was created.

Bittings
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September 23, 2014, 02:38:32 PM
 #2649

Official FTC Complaint Against Butterfly Labs Obtained

http://coinfire.cf/2014/09/23/official-ftc-complaint-butterfly-labs-obtained/

Squirrel Dearing
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September 23, 2014, 03:07:54 PM
 #2650

Official FTC Complaint Against Butterfly Labs Obtained

http://coinfire.cf/2014/09/23/official-ftc-complaint-butterfly-labs-obtained/
Well, I guess this means we won't see our refund for a long time - the wheels of justice turn really, REALLY

s


l


o


w


l


y!

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Introducing
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|The blockchain that digs
out the true value of
social media content
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[]
silverfuture
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September 23, 2014, 04:57:31 PM
 #2651

Ouch to us. It looks like the debt restructure is going to have to be re-thought out? Thanks a lot there "authorities".   Roll Eyes

Edit- After reading the coindesk article maybe it won't be so bad for us.  BFL's practices WERE extremely unethical.  I still wouldn't have called the cops over it though. It's not like they forced anyone to pre-order from them and we all knew how sloppy their track record has been.

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OgNasty
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September 23, 2014, 05:09:38 PM
 #2652

Ouch to us. It looks like the debt restructure is going to have to be re-thought out? Thanks a lot there "authorities".   Roll Eyes

I don't think the restructuring needs to be thought out. The actual offer consists of several parts, including BTC from our holdings and seats that are to be created as well as seats I own.

While this situation is unfortunate, it is still in the best interests of everyone involved to continue moving forward. We can only hope that the FTC can recover something for us now that they've killed our chances at receiving a refund directly from BFL.

FTC PRESS RELEASE:
http://www.ftc.gov/news-events/press-releases/2014/09/ftcs-request-court-halts-bogus-bitcoin-mining-operation

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unthy
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September 23, 2014, 05:22:24 PM
 #2653

I don't know. I think we may have start thinking about restructuring too. Besides the BFL stuff, the poll for new seats isn't exactly a certainty at this point.

It might be a good idea to at least brainstorm what other options are available.
OgNasty
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September 23, 2014, 05:38:56 PM
 #2654

I don't know. I think we may have start thinking about restructuring too. Besides the BFL stuff, the poll for new seats isn't exactly a certainty at this point.

It might be a good idea to at least brainstorm what other options are available.

The poll currently has nearly 80% of votes being "yes." We will have to see the end result before we will know if further thinking on the subject is necessary.

The majority of the restructuring payment is in seats and we will recover something down the line from BFL for the lenders. I'm open to ideas, but still believe this restructuring is in everyone's best interests.

We have always had a long term view and I think that this unfortunate event has little bearing on the future success of the NastyFans organization.

However, lenders shouldn't be too discouraged at this point.  

The FTC statement did read in part, “We’re pleased the court granted our request to halt this operation, and we look forward to putting the company’s ill-gotten gains back in the hands of consumers.”

Also, from another article, "Wong also noted that in this action—the FTC's first involving Bitcoin—seeks 'full consumer redress.'"

EDIT: The FTC was just answering questions relating to this case live on Twitter.  It's worth reading: https://twitter.com/FTC

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unthy
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September 23, 2014, 07:40:47 PM
 #2655

Interesting. I feel a lot better about it now.

EDIT: The coindesk article about the buttcoin.org purchase and editing by BFL makes me just shake my head in contempt for these guys. What were they thinking? I guess their reputations weren't sufficiently ruined by the other actions they took so they went for broke.

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Squirrel Dearing
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September 23, 2014, 08:02:29 PM
 #2656

The poll currently has nearly 80% of votes being "yes."

Sorry, I don't see the 80% you are talking about...

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Introducing
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social media content
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[]
OgNasty
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September 23, 2014, 08:05:18 PM
 #2657

The poll currently has nearly 80% of votes being "yes."

Sorry, I don't see the 80% you are talking about...

Here are the current votes on the poll:
no: 1193
yes: 4785

5,978 votes have been cast so far and of those 4,785 (80%) have voted "yes."


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unthy
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September 23, 2014, 08:24:39 PM
 #2658

The poll currently has nearly 80% of votes being "yes."

Sorry, I don't see the 80% you are talking about...

Here are the current votes on the poll:
no: 1193
yes: 4785

5,978 votes have been cast so far and of those 4,785 (80%) have voted "yes."

I didn't even think of it that way! Guess I was thinking of it as the whole in which case 57.7% voted yes. I like thinking about it this way better! lol

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Introducing
REOSchain™
|The blockchain that digs
out the true value of
social media content
▀▀▀█











▄▄▄█
[]
OgNasty
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September 25, 2014, 03:32:56 AM
 #2659

Bad news.  I received a PSU today and tried getting the 2 troublesome Monarchs running.  They immediately blew the new PSU.  It's clear they will need to be RMA'd.  With the current BFL situation, I am just going to sit on them for the moment.  Bitcointalk member lightfoot has offered to try and fix them for us, so it is nice to still have options regardless of the outcome with BFL.

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unthy
lightfoot
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I fix broken miners. And make holes in teeth :-)


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September 25, 2014, 03:51:37 AM
 #2660

Indeed. Let me know. I like BFL products, will do what I can.

C
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