BFL Group Buy[ANY GRADE] | Bitcointalksearch.org

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: John (John K.) on June 01, 2013, 11:04:57 PM

Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked

)

FYI, my gut never lies to me!!!

tvbcof

legendary

Activity: 4690

Merit: 1276

Quote from: John (John K.) on June 01, 2013, 11:04:57 PM

Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked

)

I think you are demonstrating good instincts here. Your whole operation could be clouded during the course of such a transaction, and there seem to be plenty of opportunities to deal with parties who have demonstrated some legitimacy. Or at least not the converse.

Also, it does seem that BFL has the ability to manipulate supposedly independent third parties. Software developers, betting site operators, etc. Why take the risk when it seems that there is good business elsewhere? If I were doing any business associated with BFL, I would only do so under some sort of a multi-agent arrangement where two out of three (or whatever) agents needed to agree in order to actually move money.

ecliptic

sr. member

Activity: 322

Merit: 250

Quote from: John (John K.) on June 01, 2013, 11:04:57 PM

Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked

)

Well said. This could be very complicated and ugly if not outright bad

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Here is the LOGIC:

1. BFL has 60,000 back orders from pre-order customers dating back 1 year.

2. If BFL had the money to fill those orders with enough chips, they would have put in an order large enough to start shipping in large quantities.

3. Their solution to not being able to purchase enough wafers to fill their obligations is to have more suckers including existing preorder customers PAY FOR IT.

4. If they have the ability to do what they claim (ship en masse 400 units/day) why haven't they already placed a huge FUCKTON order for these chips?...

BFL is a scam essentially because of this.

BFL has failed to deliver on every promise they have made.

Roll Eyes

dogie

legendary

Activity: 1666

Merit: 1185

dogiecoin.com

Quote from: PeZ on June 02, 2013, 02:12:52 AM

Quote from: cryptograd on June 02, 2013, 12:10:56 AM

TRUE AMERICAN SLIME

You realize you are slagging an entire country?

= they are slime, who are americans. Not americans, who are slime.

PeZ

sr. member

Activity: 297

Merit: 250

Quote from: cryptograd on June 02, 2013, 12:10:56 AM

TRUE AMERICAN SLIME

You realize you are slagging an entire country?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: John (John K.) on June 01, 2013, 11:04:57 PM

Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked

)

+1 John is smart.

The chip sale has a stench around it that is emanating throughout this forum.

cryptograd

member

Activity: 112

Merit: 10

what a piece of s**t person/company

how are you going to announce chip sales when you havent even delivered 1% of your ridiculous 6,000+ order queue 8 MONTHS AFTER TAKING PEOPLES MONEY!

BFL is the the biggest disgrace to bitcoin, they are taking the entire mining community for a bunch of fools, and frankly dont give a flying f**k about the bitcoin community or the network. TRUE AMERICAN SLIME

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: cryptograd on June 01, 2013, 08:43:12 PM

Yifu Guo of Avalon skeptical of Butterfly Labs

http://www.youtube.com/watch?v=UtVx26LlNXA

+1 Insightful.

Ignoring OP and this thread. Nothing of value in this post just more failed promises.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: John (John K.) on June 01, 2013, 11:04:57 PM

Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked

)

I guess you didn't check with John first... interesting

bystander

full member

Activity: 177

Merit: 100

Quote from: cryptograd on June 01, 2013, 08:43:12 PM

Yifu Guo of Avalon skeptical of Butterfly Labs

http://www.youtube.com/watch?v=UtVx26LlNXA

Thanks for posting this, I saw two or three people with their phones filming while we gathered around Yifu and had been hoping it would be posted on YT. Before he was handed the ice cream I recall had a few choice words about BFL as well, but he got into it here.

edit: yt

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked

)

PeZ

sr. member

Activity: 297

Merit: 250

Grade A or go home. Cheesy

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: Unacceptable on June 01, 2013, 10:19:18 PM

Having chips is nice.....BUT,who's doing the board design Huh

I don't see BFL releasing specs anytime soon...............................

The big question is, can the open source guys:

A) figure out what is wrong with the design themselves?
B) Do what BFL fails to do and what keeps BFL from en masse shipping?

It seems strange at this point to start selling chips when the design(s) across several product lines aren't even really properly working or fully implemented yet.

It is gonna be a gamble at this point to buy into it. If the problems are good enough to keep BFL going into delay after delay, then what are open source manufacturers going to do better?

Unacceptable

legendary

Activity: 2212

Merit: 1001

Having chips is nice.....BUT,who's doing the board design Huh

I don't see BFL releasing specs anytime soon...............................

cryptograd

member

Activity: 112

Merit: 10

Yifu Guo of Avalon skeptical of Butterfly Labs

http://www.youtube.com/watch?v=UtVx26LlNXA

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

*facepalm*

Im sorry, but BFL chips will never ship https://bitcointalksearch.org/topic/m.2344495

starsoccer9

legendary

Activity: 1630

Merit: 1000

Quote from: TheSwede75 on June 01, 2013, 08:30:25 PM

"Why should we trust you?
Feel free to check my OTC rating http://bitcoin-otc.com/viewratingdetail.php?nick=starsoccer
Please note tho that most of the negatives are fake
Also i have added a 10cent fee per chip which would discourage me from stealing"

Nothing here makes any sense! Huh

Also, why do you need 50% upfront? JohnK could hold the first 50% in escrow until the buy is full, make payment for us and then collect the remaining 50% when BFL requires it. They way you have it structured it would still be wildly profitable for you to scam people out of what would be 50% of a possible almost $400.000!

That is a good point. I didnt think of that i will change it now

TheSwede75

full member

Activity: 224

Merit: 100

"Why should we trust you?
Feel free to check my OTC rating http://bitcoin-otc.com/viewratingdetail.php?nick=starsoccer
Please note tho that most of the negatives are fake
Also i have added a 10cent fee per chip which would discourage me from stealing"

Nothing here makes any sense! Huh

Also, why do you need 50% upfront? JohnK could hold the first 50% in escrow until the buy is full, make payment for us and then collect the remaining 50% when BFL requires it. They way you have it structured it would still be wildly profitable for you to scam people out of what would be 50% of a possible almost $400.000!

starsoccer9

legendary

Activity: 1630

Merit: 1000

Quote from: starsoccer9 on June 01, 2013, 08:02:58 PM

Escrow is being offered with john, 50% escrow 50% just like butterfly labs

also I added your other question to the top and modified the pricing now

Topic: BFL Group Buy[ANY GRADE] (Read 2015 times)