Called it.
Thanks for finally giving us the reason behind the delay Josh.
100,000 chips is 7.5*100,000 = 750TH/s. Unless there's a significant price increase (let's all hope), then that takes just about all incentive out of buying ASICs once those chips are eaten up. Payback would be around a year at that point... fairly risky in the world of Bitcoin.
You guys do this exact same dance with every single scammer, and you never see it coming somehow.
Here's a hint, they all give you these bullshit excuses. Over and over again, and you all throw your money at them and thank them, then act completely stunned when they bolt with it.
Here's a test of BFL's legitimacy. That ASIC you're blowing money on, have you even seen a prototype? Any evidence that it would even work if it did ship? Any evidence that the design behind it is sound? Anything at all?
It is very obvious they are actually working on the project. They aren't outright scammers. They gave optimistic estimates for when they could ship, with the stipulation that that ship date may be pushed back in the event that something goes wrong. Something went wrong. It isn't any more complicated than that.
If they were going to take everyone's money and run, it would have been done a long time ago. They are very likely losing money by having to give out refunds vs the number of new orders they might be taking in.
I see we're still in the "defend the scammers" phase of this particular scam.
I have no dog in this fight at all, just sort of watching it all go down from afar. That being said, why can't BFL be more open with everything they are doing here?
The same reason as always, they're running a scam, and they can't let too much out at one time, or people here (might) wise up to it.
I doubt that level of caution is necessary. People are already giving them money and they don't even have a prototype yet. People are talking about weeks until shipment, when the chips haven't even been tested. They haven't even been made.
If you see any ASICs from this company, it'll be years from now.
Called it.
Thanks for finally giving us the reason behind the delay Josh.
100,000 chips is 7.5*100,000 = 750TH/s. Unless there's a significant price increase (let's all hope), then that takes just about all incentive out of buying ASICs once those chips are eaten up. Payback would be around a year at that point... fairly risky in the world of Bitcoin.
You guys do this exact same dance with every single scammer, and you never see it coming somehow.
Here's a hint, they all give you these bullshit excuses. Over and over again, and you all throw your money at them and thank them, then act completely stunned when they bolt with it.
Here's a test of BFL's legitimacy. That ASIC you're blowing money on, have you even seen a prototype? Any evidence that it would even work if it did ship? Any evidence that the design behind it is sound? Anything at all?
BFL's legitimacy is dead simple to assert: they managed to be
greatly successful and profitable inventing, making, and selling thousands of FPGA Singles. I have many of them in my very own hands.
And if you have a profitable business, the natural human reaction, even for greedy people (the type who may want to defraud), is to simply expand the business, not to do something riskier by defrauding your customers.
Pirate paid out for awhile, too.
Not that it really matters. Even if they are for real, it just means that they are displaying the professionalism and competence I've come to expect from Bitcoin Businessmen. This whole debacle has been an amateurish joke. They shouldn't have even sold pre-orders if they didn't even have a successful test that guaranteed that they'd actually have a product to sell. Even their PR has been a joke with Josh doing some Jekyll/Hyde shit to insult his own wronged customers.
