Topic: BFL offers 1000 BTC back up on power claims - page 3. (Read 10305 times)
Close to $100,000, I'll be watching to see how this plays out if it ever happens. I find this betting to be childish but if the charities get paid then I'm fine with it!
Given the OP of this thread and the following, I guess this is Josh's bet and not BFL's:
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Re: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?
November 08, 2011, 01:30:52 PM #299
Hi guys,
Just a quick note.
BF Labs Inc. will not be involving itself in any wagers. If our generous friend would follow through on their promise of a $10,000 bounty for producing a unit with performance as described, we'll be happy to claim that amount in the name of a charity of the board's choice. However, no such bounty has been placed in escrow and I don't think anyone truly expects our generous friend to follow through.
Regarding your individual wagers, I would be careful to allow for some upside flexibility in the performance claims. It would be unfortunate if you were to loose a wager should the unit exceed expectations, due to a badly worded bet definition.
I'm not saying the units perform differently than our purchase guarantee as stated on the site. Just choose your words carefully.
Kind regards,
BFL
November 08, 2011, 01:30:52 PM #299
Hi guys,
Just a quick note.
BF Labs Inc. will not be involving itself in any wagers. If our generous friend would follow through on their promise of a $10,000 bounty for producing a unit with performance as described, we'll be happy to claim that amount in the name of a charity of the board's choice. However, no such bounty has been placed in escrow and I don't think anyone truly expects our generous friend to follow through.
Regarding your individual wagers, I would be careful to allow for some upside flexibility in the performance claims. It would be unfortunate if you were to loose a wager should the unit exceed expectations, due to a badly worded bet definition.
I'm not saying the units perform differently than our purchase guarantee as stated on the site. Just choose your words carefully.
Kind regards,
BFL
Donation is in the last stage of payment....
ASBIRO (Alternative School of Business and Personal Development) - http://www.asbiro.pl/afryka/
They are building a private pre-school in Zambia now which will be named after Ludwig von Mises, and they will be also teaching kids about business and economics in the Austrian school spirit.
When it is finished they will build a school, and after that a higher education institution.
They are building a private pre-school in Zambia now which will be named after Ludwig von Mises, and they will be also teaching kids about business and economics in the Austrian school spirit.
When it is finished they will build a school, and after that a higher education institution.
You know this is actually a good one. They get my vote for the imaginary 1000 BTC BFL will scam them for by never delivering in the first place. You know, just like they did to the general BTC community.
ASBIRO (Alternative School of Business and Personal Development) - http://www.asbiro.pl/afryka/
They are building a private pre-school in Zambia now which will be named after Ludwig von Mises, and they will be also teaching kids about business and economics in the Austrian school spirit.
When it is finished they will build a school, and after that a higher education institution.
They are building a private pre-school in Zambia now which will be named after Ludwig von Mises, and they will be also teaching kids about business and economics in the Austrian school spirit.
When it is finished they will build a school, and after that a higher education institution.
Cue Josh being all Josh about this bet...
Ok, so, now what?
Better call Luke-jr.
I'm sure he received 1000 BTC for charitable purposes (more pills).
I know a good charity in need of a new pet shelter, can I nominate them? (Not joking, currently working on helping them accept BTC as donations)
Ok, so, now what?
Well it's hardly a bet if the party already has the answer/outcome before placing the bet...
I disagree. Those are the best kinds of bets.
If Inaba really knows the answers and is willing to put money into escrow to prove it, it would send a very clear signal to the market. The signal, conceivably, could mislead the market (he's sacrificing 1000BTC to make 5000BTC in more preorders), but that just raises another potential bet. Bets are useful. Take a look at Intrade.
let's see how this ends up...
By the way, did BFL management ever approve the 1000BTC bet?
That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
It's only 12 pre-ordersThat is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
Well it's hardly a bet if the party already has the answer/outcome before placing the bet...
I would nominate Gmaxwell as escrow assuming he is agreeable to it. Yes, I propose the looser pays the 1000 BTC to charity.
hah so YOU were the one who wrote the two BFL email newsletters 
Tighten up your English!
By the way, did BFL management ever approve the 1000BTC bet?
That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
I believe that cablepair was proffering his own personal funds to cover his stake. Inaba never get as far as confirming whether or not he would be using his money or BFL (customer's) money, although he implied that the company would be putting up the stake in his "BFL offers 1000 BTC back up on power claims" thread.
It's not good form for people that are soliciting pre-order money for a product that hasn't even finished the design work, let alone produced any, to then start gambling with large sums of money, in a public arena, as a way of convincing customers that their product is superior and/or the company's product claims to be more trustworthy. It has convinced me of neither of those things, it just looks reckless and ill-considered, and not very encouraging to anyone wondering which of these people to trust (and trust in their ability to deliver is vastly the most valuable thing that these companies have to offer at this stage of the ASIC market)
I have to say, this is terrible.
Not only did Inaba turn a hit at Tom on power figures, now he is turning around and making it seem like it was his bet to Tom. (instead of the otherwa around)...It was the other way around.
To top it off....hes now opened a thread and is now making it seem as if Charities will "win out" of this skirmish of words and bitcoin bets....people are all riled up over which charity is more deserving....
You guys are being played with like toys....
I don't know about you, but I am personally offended at this tactic. I understand Psychological games...but this game is one gone way too far. I'd ask for Mod intervention but I don't know if they would even bother with this mess.
Not only did Inaba turn a hit at Tom on power figures, now he is turning around and making it seem like it was his bet to Tom. (instead of the otherwa around)...It was the other way around.
To top it off....hes now opened a thread and is now making it seem as if Charities will "win out" of this skirmish of words and bitcoin bets....people are all riled up over which charity is more deserving....
You guys are being played with like toys....
I don't know about you, but I am personally offended at this tactic. I understand Psychological games...but this game is one gone way too far. I'd ask for Mod intervention but I don't know if they would even bother with this mess.
All the more to stay away from BFL.
+1
+2
+3
By the way, did BFL management ever approve the 1000BTC bet?
That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
It's only 12 pre-orders That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
They've collected millions of dollars in pre-orders. They can afford to throw around $12k on something that will encourage more sales. 
By the way, did BFL management ever approve the 1000BTC bet?
That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
That is like 12,000 dollars. Do they [BFL management] have the luxury of throwing around that kind of money on a silly bet? Or was this an employee decision?
I fail to see how either Tom Cablepair or Inaba can really believe that all this school playground behaviour is any good for either of their organizations.
Has anyone noticed how reputable businesses could easily play this ridiculous game of PR one-up-man-ship, and yet by and large don't do it? Because it makes them look bad? Even when they do engage in this sort of thing, they at least have the sense to dress it up in a bogus intellectual property lawsuit.
You two appear like a pair of WWE wrestlers in a pre-match taunting session (to me, anyway)
Nvidia does it all the time.Has anyone noticed how reputable businesses could easily play this ridiculous game of PR one-up-man-ship, and yet by and large don't do it? Because it makes them look bad? Even when they do engage in this sort of thing, they at least have the sense to dress it up in a bogus intellectual property lawsuit.
You two appear like a pair of WWE wrestlers in a pre-match taunting session (to me, anyway)
Yes, I feel the intense embarrassment that the candidates should be feeling whenever I witness these farcical debates. How people can't recognise such blatant fakery in front of their own two eyes just amazes me.
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