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Topic: BFL: Do not donate any money to charity (Read 2066 times)

sr. member
Activity: 434
Merit: 250
April 01, 2013, 11:40:18 AM
#28
So I just found this thread and all I can say to OP is.....LOL  Grin

Really, that's the best you can do smoothzzz? Where is Frizz and creativex when you need them.

Right here.

Whoever smoothzzz is...he/she is on his/her own. Cheesy

BFL is full of shite btw...if you ordered from them, you have my sympathy.
sr. member
Activity: 466
Merit: 250
April 01, 2013, 01:57:27 AM
#27
So I just found this thread and all I can say to OP is.....LOL  Grin

Really, that's the best you can do smoothzzz? Where is Frizz and creativex when you need them.
sr. member
Activity: 394
Merit: 250
March 31, 2013, 10:49:39 PM
#26
my question is why is this forum still advertising so diligently for BFL?  BFL probably runs this forum.  the new footage of the dude doing tests isn't convincing to me, we're talking about 10,000 rigs oor some crazy number 30,000.  I want to see footage of that.  that and his hand holding the camera had a nervous shake.  

maybe I'm wrong.  but if this forum is going to advertise a scam, they should be held responsible when it turns out to be a scam.  afterall probably 90% of BFL customers got there to BFL from the forum advertisements.  I would just ask that the forum stop advertising unless BFL provides hard proof that they are doing what they are claiming. (NOT HARD TO DO NOR AN UNREASONAbLE REQUEST)  

I'm talking a simple youtube video of all the people involved with all the equipment they're working on.  just a little "hello" for the public.  otherwise advertising for them is irresponsible in my opinion based on their 140 days of false promises.  

just because there's a youtube video out now of a dude working on a BFL board and talking about its specs gives me no confidence.  since I saw joshes youtube videos I haven't trusted BFL because his vibe just turns me off, he reminds me of scammers I know...  

people are like, "you will destroy your reputation for naysaying his royal highness josh zertan."  

I don't care, its a candid valid concern for our entire community.  forum, stop the advertising, or deliver proof its not a scam.  I guess if the forum sees the product with their own eyes that's good enough.  after all the forum is run by BFL, so their eyes are fine for confirming public trust.  I am just speculating what sort of blow this might have on the BTC economy cuz the pirate thing was only 6 mil, this is over 100 mil.

may I ask is there any thread that definitively proves or disproves that BFL is a royal heist?  please direct me.  and I will shut up about it if there is proof they aren't scammin.  thank you.

The most likely outcome is that BFL overpromised and underdelivers. The crushing load of pre-order obligations will meet the reality of chips that run too hot under the additional pressure of lost opportunity cost as competitors deliver and network hash rate skyrockets towards 200 TH/s.  The lucky ones will get devices that run too slow, too hot or blow up.  The unlucky ones, aka those that preordered after the first month or two, will probably get nothing, as the ponzi funding stream runs dry and BFL runs out of sufficient capital to design and burn another mask for a chip that comes close to spec, company goes into liquidation. At best you will get a rig that is fraction of what was promised in a timeframe that will have seen 90% of the potential revenue from your rig go to customers of Avalon, ASICminer, and any other ASIC designer that actually built a product.  

Most startups fail, this is the nature of capitalism and competition.  If you bet on the BFL horse, its probably time to write off your loss, move on with life and hopefully develop a better horseshit detector for the next bitcoin wannabes that come asking for your money (cough, coinlab).

 
member
Activity: 112
Merit: 10
We are connected. you are me I am you.
March 31, 2013, 10:29:26 PM
#25
my question is why is this forum still advertising so diligently for BFL?  BFL probably runs this forum.  the new footage of the dude doing tests isn't convincing to me, we're talking about 10,000 rigs oor some crazy number 30,000.  I want to see footage of that.  that and his hand holding the camera had a nervous shake.  

maybe I'm wrong.  but if this forum is going to advertise a scam, they should be held responsible when it turns out to be a scam.  afterall probably 90% of BFL customers got there to BFL from the forum advertisements.  I would just ask that the forum stop advertising unless BFL provides hard proof that they are doing what they are claiming. (NOT HARD TO DO NOR AN UNREASONAbLE REQUEST)  

I'm talking a simple youtube video of all the people involved with all the equipment they're working on.  just a little "hello" for the public.  otherwise advertising for them is irresponsible in my opinion based on their 140 days of false promises.  

just because there's a youtube video out now of a dude working on a BFL board and talking about its specs gives me no confidence.  since I saw joshes youtube videos I haven't trusted BFL because his vibe just turns me off, he reminds me of scammers I know...  

people are like, "you will destroy your reputation for naysaying his royal highness josh zertan."  

I don't care, its a candid valid concern for our entire community.  forum, stop the advertising, or deliver proof its not a scam.  I guess if the forum sees the product with their own eyes that's good enough.  after all the forum is run by BFL, so their eyes are fine for confirming public trust.  I am just speculating what sort of blow this might have on the BTC economy cuz the pirate thing was only 6 mil, this is over 100 mil.

may I ask is there any thread that definitively proves or disproves that BFL is a royal heist?  please direct me.  and I will shut up about it if there is proof they aren't scammin.  thank you.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
March 31, 2013, 09:40:16 PM
#24
So I just found this thread and all I can say to OP is.....LOL  Grin
legendary
Activity: 1764
Merit: 1756
Verified Bernie Bro - Feel The Bern!
March 31, 2013, 08:21:39 PM
#23
OP, you Sir are an idiot.
full member
Activity: 236
Merit: 100
March 31, 2013, 07:41:43 PM
#22
Wow.

There are so many mealy-mouthed, slippery, slimy scumbags out there.  They can justify any kind of behavior with the weakest of rationalizations.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
March 31, 2013, 06:59:25 PM
#21
@OP- Lol, do you realize how big of an asshole you sound like "DON'T DONATE ANY MONEY TO CHARITY"....

Charities do good things for people who need help...
yxt
legendary
Activity: 3528
Merit: 1116
March 31, 2013, 06:30:13 PM
#20
The bet didnt include any time promise.

Wrong
The date: as soon as they ship.

after team basic .....
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
March 31, 2013, 06:29:21 PM
#19
Sebastian.....
How much is BFL paying you?

Nothing. But when i see someone claiming unfair forces by adding additional parameters i chime in. Smiley
legendary
Activity: 1890
Merit: 1003
March 31, 2013, 06:26:57 PM
#18
Sebastian.....

















How much is BFL paying you?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
March 31, 2013, 06:26:03 PM
#17
what beta? they promised to ship long time ago...
force? BFL has advertised with the donation

The bet didnt include any time promise.
donator
Activity: 294
Merit: 250
March 31, 2013, 06:05:59 PM
#16
Anyone who believes that BFL is actually going to donate that amount of BTC to charity under any circumstances, please see my thread in the auction forum, I'm currently accepting bids on the Brooklyn Bridge.
yxt
legendary
Activity: 3528
Merit: 1116
March 31, 2013, 06:02:44 PM
#15
what beta? they promised to ship long time ago...
force? BFL has advertised with the donation


legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
March 31, 2013, 05:57:04 PM
#14
It seems to come down to that you claim they have to deliver now the promised product. But that wasnt part of the promise. They only said they will have such a device that will use this power only. You cant add the parameter that they have to deliver now otherwise they fail. In my opinion they still have time to meet the promise.
But i think we wont come together at this point. Wink

so they can ship the final version in 10 years?  WTF??

If one would force them to pay 1000BTC when they deliver a beta-version of the miner?
yxt
legendary
Activity: 3528
Merit: 1116
March 31, 2013, 05:54:49 PM
#13
It seems to come down to that you claim they have to deliver now the promised product. But that wasnt part of the promise. They only said they will have such a device that will use this power only. You cant add the parameter that they have to deliver now otherwise they fail. In my opinion they still have time to meet the promise.
But i think we wont come together at this point. Wink

so they can ship the final version in 10 years?  WTF??
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
March 31, 2013, 05:19:57 PM
#12
Why should they? They didnt ship yet so they have time to fix it. And when they ship it with higher watt then its on wish of customers. That doesnt say the final product will be better. I wouldnt donate at this stage too.

This. But I dont agree with the last half. If they ship anything at all over the 10% power consumption, then I feel they're obligated to pay. It doesn't matter if customers wanted it that way or not. If they deliver any product outside specs they promised, then they should pay IMO.

If that would be the case, i in bfls foot, would simply deny to send out machines earlier if that would lead to such a huge loss of money. Then let the buyers complain that they would like to have the high power units. This way the promise isnt broken. I dont think thats the better version that could happen.
On the other hand... if the buyer wants it before, they know that its not the fully working product and cant claim afterwards that the promise is broken because they knew they demanded a non-finished product.
full member
Activity: 155
Merit: 100
March 31, 2013, 03:29:53 PM
#11
Why should they? They didnt ship yet so they have time to fix it. And when they ship it with higher watt then its on wish of customers. That doesnt say the final product will be better. I wouldnt donate at this stage too.

This. But I dont agree with the last half. If they ship anything at all over the 10% power consumption, then I feel they're obligated to pay. It doesn't matter if customers wanted it that way or not. If they deliver any product outside specs they promised, then they should pay IMO.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
March 31, 2013, 12:46:31 PM
#10
It seems to come down to that you claim they have to deliver now the promised product. But that wasnt part of the promise. They only said they will have such a device that will use this power only. You cant add the parameter that they have to deliver now otherwise they fail. In my opinion they still have time to meet the promise.
But i think we wont come together at this point. Wink
newbie
Activity: 56
Merit: 0
March 31, 2013, 12:41:16 PM
#9
You don't see the moral issue here?

Salesman 1:"i will be building a car that has 100hp"
Salesman 2: "i will be building a car that has 200hp"
Salesman 1: "my car also has 200hp now"
Salesman 2: "my 200hp car does 30 miles per gallon"
Salesman 1: "my 200hp car does 50 miles per gallon, and i'm so confident of those figures i'll donate $100,00 to charity if it doesn't match up"
Salesman 2: "my car is finished, here it is, as promised, 200hp, and 30 miles per gallon"
Salesman 1: "my car doesn't run right, and i don't know why, it only has 100hp and does 40 miles per gallon, but don't worry, we'll just send you 2, that adds up to 200hp. Also, i'm not donating anything to charity because there's a possiblity in the future i might be able to build a car that has 200hp and does 50 miles per gallon, and some loser on a forum said it was ok to lie to get sales.


Everyone has had 9 months to cancel their order and ask for a refund. BFL never stated which product should be 1.1W max per gigahash. I sincerely hope that BFL doesn't give ANY money away, even if they fail miserably with the power consumption. That requirement could be for a 3rd gen. BFL ASIC.

Yes, yes they did. Right fucking here.
Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?
https://forums.butterflylabs.com/content/123-bfl-offers-1000-btc-charity-if-they-miss-their-power-targets.html

They specifically said they would be max 1.1 watts. Also, saying everyone had 9 months to cancel their order when we just found out a few days ago that the units are broken is just plain dumb.
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