Topic: BFL creates new charity project to donate 1000 BTC to [ROFL!] - page 8. (Read 8555 times)
I am amazed they built enough units to mine 1000 coins. I always figured they would be donating to the Homes for Hooks and Beer or some such.
If they're serious they should dump the cash into a trust controlled by people outside BFL. Or they should make sure to give a few BIG chunks of that cash out immediately to worthwhile causes like zerocoin. Charity in my mind was like cancer treatment or hospitals or something...
Not that I'm advocating for BFL but..
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
But one assumes those people to be of moral standing, we can see that this particular case, Butterfly Labs is now not!
They've lost a bet, promised to pay a real charity and donated it to themselves, all after having legitimate doubt cases on the ethics of recent business practice.
Legally acceptable or not they've hurdled moral obligation and struck an all time low.
Pussies.
rofl, i'm dying here laughing
They donate the 1000 BTC to themselves.
Then they pay their developers and call it charity?
Luke -jr gets $6,000 and they are calling that a fulfillment of their not meeting power specs (by a factor of what again?)
hahaha
Too much.
They donate the 1000 BTC to themselves.
Then they pay their developers and call it charity?
Luke -jr gets $6,000 and they are calling that a fulfillment of their not meeting power specs (by a factor of what again?)
hahaha
Too much.
Not that I'm advocating for BFL but..
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
I already know that. That is one of the references I was thinking of when typing out the above posts. Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Not that I'm advocating for BFL but..
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Whose money was donated? Investors or BFL's?
Probably money that was mined with prototype equipment funded by preorders, which have not shipped yet.
Yeah, it sucks.
They're just pissing on us without even giving us the courtesy of calling it rain.
Not that I'm advocating for BFL but..
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Whose money was donated? Investors or BFL's?
OK... This should do it for a scammer tag.
Theymos is a shill and a scammer if you dont get it yet. Nothing will happen.
Not that I'm advocating for BFL but..
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
yeah but half of these aren't charities at all.. I have no doubt that BFL will bolt before next April to avoid dealing with an impossible tax filing
Not that I'm advocating for BFL but..
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Lots of rich people do exactly that, basically give money to themselves, but a separate tax entity. All of which is perfectly legal.
Bill Gates created the Bill and Melinda Gates foundation, which he and his wife controlled, and then donated Micro$oft money to it. Essentially, he donated the money to himself, so he still has a say in where the money goes.
Did you really thing Bill Gates was going to give money to anybody but himself?
So did Guggenheim, Carnegie and many others.
It's standard operating procedure in corporate America. It's always a shady, but perfectly legal.
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
Ok, they aren't sending 1000 BTC to a traditional charity, but they are still giving it away...
Donation as a form of self propelling ones buisness is not a donation. (in my book)Ok, they aren't sending 1000 BTC to a traditional charity, but they are still giving it away...
Coca Cola might "donate" to a supplier that then mines a mineral that goes into their [own] products and reduces cost to their bottom line.
Is it a real donation?
If they fund projects "omni-directionally" that deal with BitCoin (and not their specific products), then yes, they would passably be donating.
Ok, Yes, That sounds a bit shady. Don't know if they are trying to get away without paying the 1000 BTC or not, but it's true that it is definitely in the gray zone. I would like to see an open source project unaffiliated to BFL on that list.
OK... This should do it for a scammer tag.
+1,000,000
It wasn't the bulk chips that broke the camel's back, that just confirmed they are financially insecure in delivering on promises.
This however is clearly fraud.
Loosing a bet and agreeing to donate to charity is just that, giving the entire monies to a worthy organisation that will use it responsibly.
Not creating your own charity, and especially not when the entire point you lost was in acknowledgment of your inabilities to handle your own responsibility and deliver paid for products on time to a pre agreed and promised spec assured your irresponsibility.
And especially not after the bull$**t subsequent.
I was willing to give BFL the benefit of the doubt, but this speaks volumes.
Not impressed at all!
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
They are donating to the EFF (which won't take it), their own paid shill and contractor (luke-jr/BFGminer) and another paid shill and contractor (CGminer/ckolivas/Kano)
Though it seems a little "off" I wouldn't bet EFF wouldn't take it.
EFF has always been "Can't you just leave us alone with your coin thingies? Pretty please? I mean really why do we have to go through that whole spiel every other month?" up till now.
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
They are donating to the EFF (which won't take it), their own paid shill and contractor (luke-jr/BFGminer) and another paid shill and contractor (CGminer/ckolivas/Kano)
... and no I didn't get any so fuck you again
Yeah, I found that a little strange also. They should have at least sent it to you. It was you writing the drivers wasn't it?
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
They are donating to the EFF (which won't take it), their own paid shill and contractor (luke-jr/BFGminer) and another paid shill and contractor (CGminer/ckolivas/Kano)
Though it seems a little "off" I wouldn't bet EFF wouldn't take it. It's also a great organization. The other two seems just like ways to pay contractors with 'gift money' which is a little shady.
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
They are donating to the EFF (which won't take it), their own paid shill and contractor (luke-jr/BFGminer) and another paid shill and contractor (CGminer/ckolivas/Kano)
... and no I didn't get any so fuck you again
---------------
I just thought of something for you to use Sonny/Josh/Et al.
You don't even need to donate 1000BTC. Just claim that Kano's 1 jally will eventually produce 1000 coins over it's life (30 some odd years). This way you don't actually have to produce 1000 BTC.
Sounds good?
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
They are donating to the EFF (which won't take it), their own paid shill and contractor (luke-jr/BFGminer) and another paid shill and contractor (CGminer/ckolivas/Kano)
... and no I didn't get any so fuck you again
Euh, What's wrong with that? If you look at the website they created they are donating to projects, effectively spending the amount.
Ok, they aren't sending 1000 BTC to a traditional charity, but they are still giving it away...
Donation as a form of self propelling ones buisness is not a donation. (in my book)Ok, they aren't sending 1000 BTC to a traditional charity, but they are still giving it away...
Coca Cola might "donate" to a supplier that then mines a mineral that goes into their [own] products and reduces cost to their bottom line.
Is it a real donation?
If they fund projects "omni-directionally" that deal with BitCoin (and not their specific products), then yes, they would passably be donating.
Un-believeable!
Really ? I'm not in the least bit surprised
It was expected and even joked about that they might do this....then they did.
Celebrities and Companies (scummy ones) do it all the time.
It is a trick to remove taxes, a good PR stunt and most importantly...you dont' actually donate to anyone. Is BFL doing this for those reasons, I don't know.
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