Topic: {BFL} Bitcoin miners sue Butterfly Labs - page 3. (Read 9656 times)

So then you think it's perfectly legal to "sell" a product to a customer and then NEVER deliver his product OR refund their money?  What fucking planet does a stupid troll like you live on??

You will get to see first hand if this ends up in a court room that all the FTC rules we have been quoting for months are going rip BFL a new asshole.  For a genius your grasp of very old and very tested consumer protection laws is incredibly lacking.   If this hits a court room BFL will lose, probably not the full 5 mill the dude is asking for but he will win much more than the 60K BFL owes him by law already.  And as for you laughing at the guy because he is asking for so much, do you even know how this shit works, that is exactly what you do, you ask for the absolute maximum you can think of then either settle it down or work it out with the courts to determine a number set by the court.

You're a stupid troll, will be fun to laugh at you and BFL when they get a good schooling I can't wait!!!!!!!!!

+1

This was a new and untested area and the learning curve was very steep.  The first 2 ASIC's out were made with what could be considered extremely dated technology (110nm for one of them) and with the push for better and faster it's become AMD vs Intel for who can put the next gen online and who can push the boundaries even further.  Sadly the generation we live in falls into the "instant gratification" group and cannot see the time and effort needed to produce anything like this (must be why some people create boards and forego creating chips) and can only criticize things they have no true understanding over.

Personally I doubt this lawsuit is going very far, the person who initiated it has used false data to come up with damages based on past performance of the network without consideration of the fact that by adding his 3TH to the network at the time he specified that the results he calculated become skewed and no longer valid.  In order to mine 150BTC a day with 3TH, the network difficulty would have to have been ~10,080,000 which at the time was roughly 70-75 TH.  He's figuring he'd have 4% of the network coming to him without affecting said network.  Of course, he also discounts the 10 months of people who ordered before him who would have to get products before his could be added to the network.  Must be nice to live in such a dream world.  Reminds me of Unacceptable and his "I would have made 100BTC from a little single if they had shipped in Feb!".  Sooner or later the rose colored glasses will have to come off and the harsh shade of reality will sink in.

Please admins put some emoticons with popcorn;

this thread really deserves them!

Love it American greed at its finest.

Hanging out on Neptune, no doubt.

(This is not meant to be a dig at any one particular ASIC company or in support of another ASIC company -- just pointing out how difficult the production of cutting-edge ASICs is, and that the development cycle is at this point longer than the useful lifespan of any given generation of hardware).

SOOOOOOOOOO much pure win in that lawsuit, it will be funny to laugh at BFL and there fanboys.  Interesting how the lawyers cites all those FTC rules some of us have been going on about for the last year and a bit. 

Good fucking bye and good fucking riddance you scum bags now it's time for you to understand what the real world thinks of your illegal business practice and your ignorant attitude.  You are going to get a well deserved lesson in reality that I suspect a lot of people will be happy to see.

All my opinion.

At this point it isn't miscalculation what it really is, is fraud.



http://arstechnica.com/tech-policy/2014/02/new-lawsuit-against-bitcoin-miner-manufacturer-alleges-fraud-negligence/

http://ia700702.us.archive.org/13/items/gov.uscourts.ksd.95395/gov.uscourts.ksd.95395.2.0.pdf

https://ia600702.us.archive.org/13/items/gov.uscourts.ksd.95395/gov.uscourts.ksd.95395.docket.html





Comment Section below the ARS Article puts it in perspective:

How come they miscalculated their development time again. It being their 3rd generation miner I would have expected better.
Maybe it's their business model.

It's a good thing I didn't order from them again.

They shipped 45000 mining units and single handedly killed their own equipment after they sold them by shipping even more and exploding the difficulty.

Difficulty is a vicious cycle and must be avoided by switching to altcoins. A serious flaw Satoshi didnt anticipate or invested in.

Back on topic, another write up.  More people calling up this lawyer.  BFL is about to be taught a lesson in how retail operations work in the real world and I can't wait to laugh my ass off at them.

Hey Josh LOLOLOLOLOLOLOLOLOLOLOL, couldn't happen to a nicer bunch of fucking scammers!  You better pray to everything you know and love you win this case or that shit sack of a company you work for is going to be gone!!!!!!!!!!!  If enough of these go through the authorities will have no choice but to do their own criminal investigations.  This has the potential to get real good.

This part was special:
“I think it’s pretty disingenuous to say it’s [Meissner’s] fault,” he told Ars. “If he had never e-mailed, what were they going to do? Were they the kind of people that were going to keep $63,000? It’s funny, the blame-shifting game they’re playing. I find it distasteful, the lack of responsibility.”

Funniest part is the answer to the question is absofuckinglutely YES of course they would have LOLOLOLOLOL.

http://arstechnica.com/tech-policy/2014/02/new-lawsuit-against-bitcoin-miner-manufacturer-alleges-fraud-negligence/

All of this is my opinion though!

bfl will declare bankruptcy and dissolve before the end of 2014

I purchased 40 "chip credits" for Butterfly Labs in hopes that I would be able to use it with the company. I was not aware of it's restrictions until after I had already purchased the credits. Namely, these are specific to ordering ASIC chips that are not being produced.

Part of the reason I bought them was that I was enthusiastic about the company's role in the bitcoin community. Since then my hopes have diminished.

The company soon 'vanished' all trace of there own manifested virtual currency with no explanation on the decision. One starts to question the sincerity of a company producing virtual currency generating machines if they cannot honor one they have direct control over.

Through the entire experience I learned two important things:
1. I am an idiot.
2. Do not trust company's on faith.

In addition, there "pre-release" products are only explained that "others do it too", and yet I have seen many others that do not simply hold onto money for months as a reason not to produce a product. I also feel there product is of poor quality due to highly variant hash rates. It is publically not recommended to use them on p2pool due to there high latency (slow network communication).

I am posting this in hopes that the following will prevent at least $100 from being spent on products from this company. At that point I will consider this a closed case. I have since purchased bitcoin equipment after first researching it's pros and cons, and feel confident that I am making the right decision in boycotting the company.

Cheers.

achtung baby, the 18th is in .....   2 weeks !!!!

definition of the top producer:
http://www.urbandictionary.com/define.php?term=bfl

Yawn.

You'll get it when you get it.

Hey Bick, show me these posts of mine where I am claiming this is a "great product".  It's sad that you have to resort to putting false words into peoples mouths.  I took you up on a wager you profferred on these forums, to whit: Show you proof of a Monarch purchase and you would buy $2800 in BTC and see who was ahead in 3 months time.  I showed you proof I purchased on Black Friday and you bought $160 of Friecoin instead of $2800 of BTC and crowed over your great investment.

Here it is, Feb 3rd, the coin you bragged had hit $.23 has dropped to ~$.048 and you refuse to comment on it.  *IF* you had bought BTC as you stated you would, you'd be holding 2.03BTC, the same as I used to purchase my Monarch, and it'd only be worth ~$1800 today.  I can understand your not wanting to talk about your losses, you have a reputation to uphold.

Dropt... I appreciate you didn't ask about the Wasp Hive considering the topic was Bitcoin Miners Sue BUTTERFLY Labs.

---

He won't be getting anything in February or March that is a certainty given his spot in line. If he does obviously his steadfast support in these forums is his payment for a beta version of a slapped together and untested Monarch or maybe he will get a lab version that never leaves the bench ala Luke Jr. Good luck I am pretty confident I will be reaping rewards from our design well before he mines a single Satoshi. There is a significant difference between his getting it when you get it and my insight into when we are going to have a development board up and hashing. Let us just say we started later and we will ride a much better design wave vs. a one off loser like the Monarch that was and still is over priced and will unlikely return anything other than heartache to anyone that ordered one expecting October delivery.

My guess Late Q3 before the majority are "shipped". Get ready BFL more lawsuits to come. For someone so adamant this is a great product he only "bought" a single 300 Gh/s Black Friday special does that sound like a real supportive fanboy BFL customer there? Guess he knows they won't make a dime unless he flips it on Ebay like Josh told some irate customers to do when they didn't get the super discount when sales started lagging bad.

No, you just parade around at BFL's defence whenever an opportunity presents itself.


I'm a miner, have been for over 2 years now.  I shouldn't have to point out why I care what each and every manufacturer is up to and whether they are meeting their projections or not.


Finally, a half decent response.  Thanks.  Any thoughts/input on why we've not heard anything from BFL after having received/posted their wire bonded Silicon?

1) Never rooted/cheered/whatever the company.  I tell trolls they are stupid, when they ARE stupid, but I'm not a cheerleader.
2) Since you DON'T have an order, why do YOU care?

Now, so as to 'not deflect':

1) The wafers are at the slicing facility and should be headed to the grading facility soon.  Considering all the pictures of prototypes, I'm thinking they have a board ready to go.
2) I would guess grading takes a week or so, so I'm thinking they'll have some to send to the company that will populate the boards.
3) From there I'd estimate it's a hop, ship and a jump to production.

So, "Where's *MY* Monarch?" , it's out there and will be ready soon.  I'll get it when I get it and not a moment sooner.