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Author Topic: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)  (Read 798900 times)
CumpsD
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September 19, 2014, 04:58:59 PM
 #2661

No voters can still change their mind and change their vote Wink
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September 19, 2014, 05:19:59 PM
 #2662

No voters can still change their mind and change their vote Wink

Excellent!  Let's hope some initial gut feelings are thought through more thoroughly.

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September 19, 2014, 07:15:32 PM
 #2663

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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September 19, 2014, 08:25:01 PM
 #2664

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

1G3GHKcr3C5XiHVPZ9i4EQ6Zshv8E1UEdf
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September 19, 2014, 08:25:49 PM
 #2665

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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September 19, 2014, 10:06:19 PM
 #2666

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...
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September 20, 2014, 12:35:51 AM
 #2667

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?
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September 20, 2014, 12:41:32 AM
 #2668

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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September 20, 2014, 01:32:29 AM
 #2669

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

=squeak=

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September 20, 2014, 02:07:06 AM
 #2670

Distribution 321554 is complete. Thank you to the donators.

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

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September 23, 2014, 02:38:32 PM
 #2671

Official FTC Complaint Against Butterfly Labs Obtained

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

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September 23, 2014, 03:07:54 PM
 #2672

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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September 23, 2014, 04:57:31 PM
 #2673

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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September 23, 2014, 05:09:38 PM
 #2674

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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plasticAiredale
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September 23, 2014, 05:22:24 PM
 #2675

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.
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September 23, 2014, 05:38:56 PM
 #2676

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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silverfuture
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September 23, 2014, 07:40:47 PM
 #2677

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
 #2678

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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September 23, 2014, 08:05:18 PM
 #2679

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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Squirrel Dearing
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September 23, 2014, 08:24:39 PM
 #2680

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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