Dogie's posts about BFL on June 6th 2013So much shit in here its not even possible to go through it all. I couldn't give a shit if BFL shipped 3000000000000 chips tomorrow or Avalon decided to mine themselves. Its a shit company who is laughing so hard at anyone with a preorder.
If you ordered from Newegg and they offered you a money printing machine, and said "next week", laughed at you when you questioned them, then didn't do anything for 9 months but continue to make false promises. Why do you put up with it? Because you are blinded by greed.
*what if they ship my 1.5TH minirig tomorrow, what if what if what if*
BFL will have a documentary about then im a few years, and you'll all be referred to as victims xD
Rather than a giant paragraph, lets look at the facts/rumours/likely case:
30000000 fucking threads QQing about BFL every day
bitcointalk forum members probably make a decent chunk of the orders by $, due to singles, minirigs not exactly being impulse buys + the fact BFL spends SO much money advertising here
Their 1000 donation to 'charity' was scummy as hell
BFL can't be in a good financial position. Even if they had taken on 7 figure injections of cash, they've burnt SO much and have still made $0 from actual ASIC product that they're in a risky position
You are free to refund whenever you want
BFL are extremely vulnerable to private litigations for the false promises and failure to deliver
BFL would undoubtedly get bukaki'ed by government agencies if an investigation was to occur. Assets frozen etc
BFL would get spit roasted if the FCC found they were selling these uncertified products, even if it is just $7000 worth in 9 months LOL
The solution? A mass refund exodus. Everyone requests a refund at the same time. As many orders cancelled at once as possible. What if you're the last one in and they can't refund you, they get their assets frozen or seized? Better refund.
The momentum is too much, the cash flow is too much, the investors bricking themselves too much. BFL is forced to pull the plug, the rest of the orders get refunded. BFL ceases to exist, the real boys (Avalon, ASICMiner + DIYs) can use your money. The power is in your hands, no one elses.
tldr: Either force a refund tsunami or stfu
Edit: Added disclaimer, I have investments in ASICMiner and Avalon, however it doesn't change my outlook towards BFL. If I had been around at the time, I'd also have 10 preorders and going mental like you all.
Edit: Oh and look, refunds cancelled. Poor Josh, he's more scared of a Tsunami than SE Asia. Must have nightmares, all those lies for nothing ^_^
Oh the good old days...
What if the Avalon 4 units ship. What if?
Again these chips and any potential miner are exactly like BFL 1.5 TH minirigs or 'vapourware' you mentioned in 2013, they are a huge WHAT IF.
Oh how we forget what it is like to be free and willing to admit the truth about a unit and a company. Much much easier when you are not paid to omit the reality and spin it and avoid the topic by calling it 'mining speculation'. Clearly you didn't seem to mind pointing out the futility of relying on a company that didn't provide a definite or believable timeline. October is now November for these units. What is the development timeline? Show us something more than 'November'.
Josh Zerlan replied to Dogie on June 6th, 2013
So let me get this straight... Dogie is advocating a mass refund on BFL, who has a bunch of mining hardware. Lets say Dogies exceptionally brilliant plan came to pass (which is, in and of itself completely ridiculous, but we'll table that for now). Hypothetically, what do you think a company, faced with all pre-orders canceled, yet holding onto hundreds of TH of mining equipment is going to do? Say "Oh noes! Bye!" ... or do you think they'd press that hardware into service?
Yes, by all means, cancel all the orders, lets see how well that ends up working out.
For the record, BFL is capable of refunding all of the preorders in the queue and remaining in business. Would we have to pare down on employees? Sure we would, but then again, we wouldn't need so many employees if we aren't doing customer service anyway.