1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 61.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: 3phase on October 19, 2011, 03:31:14 AM

This looks fantastic!!!

It probably also does genital member enlargement:

http://www.original-press-releases.com/2011/10/butterfly-labs-inc-unveils-its-new.html

Note who posted this and where Huh

at the bottom of the article.

Now all we need is some dope and we're good to go!!!

Or have I been smoking something?

I saw that too!!! sent them a note to inquire about this...

worldinacoin

hero member

Activity: 756

Merit: 500

I won't be calling them scams, need to give them the benefit of the doubt. But I certainly do not have the $500 to "test" out if it is scam or not

.

Cluster2k

legendary

Activity: 1692

Merit: 1018

I think it's rather ironic that people are discussing the benefits of being able to issue a chargeback against a merchant, on a bitcoin forum. One of bitcoin's much touted features is the impossibility of chargebacks from customers who have been ripped off.

Imagine if Butterfly Labs required payment in bitcoins. No one would ever touch it.

Party Hard

full member

Activity: 126

Merit: 100

Quote from: plastic.elastic on October 18, 2011, 09:32:40 PM

What? have you dealt with paypal b4? I have and trust me, you will have headache.

They can ship you a rock and that closes the deal.

It's not quite that bad, but I've had some trouble with paypal returning my $ the past too. I recommend reviewing the chargeback policy early if you haven't done it already: https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=security/chargeback_guide

I'm throwing my vote that it's a scam too.

worldinacoin

hero member

Activity: 756

Merit: 500

Looks too good to be true, I will wait for a member to order, get the product, ascertain the claims before I get dozens of it

sadpandatech

hero member

Activity: 504

Merit: 500

Quote from: 3phase on October 19, 2011, 03:31:14 AM

This looks fantastic!!!

It probably also does genital member enlargement:

http://www.original-press-releases.com/2011/10/butterfly-labs-inc-unveils-its-new.html

Note who posted this and where Huh

at the bottom of the article.

Now all we need is some dope and we're good to go!!!

Or have I been smoking something?

HAHA, poor guys. If they are legit you would likely find whoever does there SEO was using some cheap ass bot to slap out links....

And while I am having a hard time buying the legitimacy of this myself. This is an awfully interesting statement to include in their FAQs for a scam;

5. Do your products fall under US encryption export control classification?
Yes, the BitForce SHA256 processor is properly classified under the US Bureau of Industry and Security export control. Our export control restriction prohibits the export of our products to AT designated countries as specified by the US Department of Commerce. If you need clarification on your ability to purchase our products, please contact us for review.

Anyone close to Kansas City want to go take a tour and ask for a demo? ;p

norulezapply

hero member

Activity: 481

Merit: 502

Wow, canary, you actually ordered one?

I'm 100% certain this is a scam.
Why would you even bother ordering and going through the hassle of paypal?

ohyouguyz.

3phase

sr. member

Activity: 313

Merit: 251

Third score

This looks fantastic!!!

It probably also does genital member enlargement:

http://www.original-press-releases.com/2011/10/butterfly-labs-inc-unveils-its-new.html

Note who posted this and where Huh

at the bottom of the article.

Now all we need is some dope and we're good to go!!!

Or have I been smoking something?

shakaru

sr. member

Activity: 406

Merit: 250

QUIFAS EXCHANGE

Ok, so my initial research shows that this may be legit. Numbers are very possible, and multiple sources say they have heard of butterfly labs in regards to other products. So dont bash it yet. But buyer beware.

plastic.elastic

full member

Activity: 168

Merit: 100

Quote from: Luke-Jr on October 18, 2011, 11:26:01 PM

Quote from: plastic.elastic on October 18, 2011, 11:23:49 PM

The seller can send you a bogus product and CC cant charge back. Paypal dont guarantee the merchant's advertisement. As long as you receive the product, the transaction has been done.

Since when?

Quote from: plastic.elastic on October 18, 2011, 11:23:49 PM

Imaging buy a product from a local store without return policy, can your CC do a chargeback?

Yes.

Why dont you try it.

Regarding the local shop example, its not Yes for me So tell me, what exactly was your situation?

I can image ppl will use charge back every time they're not happy with something. Certainly not true.

Luke-Jr

legendary

Activity: 2576

Merit: 1186

Quote from: plastic.elastic on October 18, 2011, 11:23:49 PM

The seller can send you a bogus product and CC cant charge back. Paypal dont guarantee the merchant's advertisement. As long as you receive the product, the transaction has been done.

Since when?

Quote from: plastic.elastic on October 18, 2011, 11:23:49 PM

Imaging buy a product from a local store without return policy, can your CC do a chargeback?

Yes.

plastic.elastic

full member

Activity: 168

Merit: 100

Quote from: Cluster2k on October 18, 2011, 10:55:27 PM

Hey, if it's real I'll order one. I appreciate the early adopters testing the waters by ordering. Their reward is $100 off the product's final price if it is real ($499 vs $599), or chargebacks through PayPal if it isn't.

Do not overestimate the chargeback. Shouldnt the scammer think of that ahead of you?

Sometimes, you dont need risk your money to find out. Common sense comes to play.

The seller can send you a bogus product and CC cant charge back. Paypal dont guarantee the merchant's advertisement. As long as you receive the product, the transaction has been done.

Imaging buy a product from a local store without return policy, can your CC do a chargeback? No... they will tell you to becareful next time.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Hey, if it's real I'll order one. I appreciate the early adopters testing the waters by ordering. Their reward is $100 off the product's final price if it is real ($499 vs $599), or chargebacks through PayPal if it isn't.

rph

full member

Activity: 176

Merit: 100

Quote from: gmaxwell on October 18, 2011, 12:39:36 PM

If someone was offering 22nm SASIC it might be a bit more plausible.

lol. And somehow beat both Xilinx and Intel to 22nm?

It's a scam.

-rph

plastic.elastic

full member

Activity: 168

Merit: 100

Quote from: CanaryInTheMine on October 18, 2011, 07:41:58 PM

my credit card. while you all debate whether this is a scam, I'm willing to find out with 100% certainty. and it won't cost me anything.
like i said, i hope it's not, but if it is, i'm happy to expose it with concrete proof for the mining community

What? have you dealt with paypal b4? I have and trust me, you will have headache.

They can ship you a rock and that closes the deal.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: RandyFolds on October 18, 2011, 08:00:59 PM

Quote from: shakaru on October 18, 2011, 07:44:32 PM

Quote from: bitleaker on October 18, 2011, 07:36:15 PM

So when they transfer ~~their~~ ~~your~~ their money out of their paypal account, where will the money for the chargeback come from? Excuse my ignorance, but I haven't used paypal for quite a few years.

Paypal will give them a negative balance and sue them for it.

If this turns out legit. Ill order 20

Baller.

selling GPUs and using proceeds to buy these units (if they are real) might work... should be close to even... unless they jack up the prices...

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: shakaru on October 18, 2011, 07:44:32 PM

Quote from: bitleaker on October 18, 2011, 07:36:15 PM

So when they transfer ~~their~~ ~~your~~ their money out of their paypal account, where will the money for the chargeback come from? Excuse my ignorance, but I haven't used paypal for quite a few years.

Paypal will give them a negative balance and sue them for it.

If this turns out legit. Ill order 20

Baller.

shakaru

sr. member

Activity: 406

Merit: 250

QUIFAS EXCHANGE

Quote from: bitleaker on October 18, 2011, 07:36:15 PM

So when they transfer ~~their~~ ~~your~~ their money out of their paypal account, where will the money for the chargeback come from? Excuse my ignorance, but I haven't used paypal for quite a few years.

Paypal will give them a negative balance and sue them for it.

If this turns out legit. Ill order 20

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

my credit card. while you all debate whether this is a scam, I'm willing to find out with 100% certainty. and it won't cost me anything.
like i said, i hope it's not, but if it is, i'm happy to expose it with concrete proof for the mining community

Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 61. (Read 123109 times)