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Topic: BFLabs: May 13, 2013 [Update] - page 2. (Read 4493 times)

full member
Activity: 238
Merit: 100
May 15, 2013, 06:53:29 PM
#26


There is a difference between being pot-committed in poker and, being what you are, which is just delusional.  Get your refund while you still can.  I have seen this behavior many times from companies just before they go bankrupt.  More frequent updates with more empty promises.  BFL is likely going to become defunct after the large difficulty spike which is about to hit because more and more people will be demanding their money back.  Even if they don't go bankrupt, your 30GH will be like pissing in the wind when it finally arrives.  But odds are, your money is as good as gone if you don't request your refund because they will have to pay other creditors before you after the bankruptcy proceeding.
Interesting concept, suggesting a company that makes machines to product digital currency efficiently going bankrupt. Are you sure you have thought through the actual probability carefully before you posted? Downsize to suit what they want to mine, maybe, bankrupt, I doubt it.





Ah yes, I forgot!  The fraud route is always an option, which their CEO is pretty familiar with having been convicted of it before.  They could always fraudulently mine with customers' equipment before they go under in an attempt to save themselves.  Good point, except for the fact that they are incapable of producing said equipment and it doesn't even EXIST.
erk
hero member
Activity: 826
Merit: 500
May 15, 2013, 06:49:39 PM
#25


There is a difference between being pot-committed in poker and, being what you are, which is just delusional.  Get your refund while you still can.  I have seen this behavior many times from companies just before they go bankrupt.  More frequent updates with more empty promises.  BFL is likely going to become defunct after the large difficulty spike which is about to hit because more and more people will be demanding their money back.  Even if they don't go bankrupt, your 30GH will be like pissing in the wind when it finally arrives.  But odds are, your money is as good as gone if you don't request your refund because they will have to pay other creditors before you after the bankruptcy proceeding.
Interesting concept, suggesting a company that makes machines to product digital currency efficiently going bankrupt. Are you sure you have thought through the actual probability carefully before you posted? Downsize to suit what they want to mine, maybe, bankrupt, I doubt it.



legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
May 15, 2013, 06:46:09 PM
#24
So do they have a stock to invest in lol If they ever deliver lols
legendary
Activity: 1890
Merit: 1003
May 15, 2013, 06:42:30 PM
#23
Avalon has begun shipping Batch # 2!

https://bitcointalksearch.org/topic/m.2161757

 Grin

A few thousand BFL customers just cussed right now....

full member
Activity: 238
Merit: 100
May 15, 2013, 06:41:53 PM
#22
God damnit why didn't I go with Avalon.  ASIC's or not, BFL is not a professionally run company.  If we had the truth the entire time, we could have made better decisions with our money.  
probably because you weren't in the know enough(I wasn't either) to actually be able to order during the three minutes or so that the first batch was actually available.

I was "in the know",but was blinded by BFL's bragging...............Now I'm sitting on a 2nd day order for 30GH.Kinda stuck,not going to give up now  Roll Eyes




There is a difference between being pot-committed in poker and, being what you are, which is just delusional.  Get your refund while you still can.  I have seen this behavior many times from companies just before they go bankrupt.  More frequent updates with more empty promises.  BFL is likely going to become defunct after the large difficulty spike which is about to hit because more and more people will be demanding their money back.  Even if they don't go bankrupt, your 30GH will be like pissing in the wind when it finally arrives.  But odds are, your money is as good as gone if you don't request your refund because they will have to pay other creditors before you after the bankruptcy proceeding.
full member
Activity: 238
Merit: 100
May 15, 2013, 06:34:44 PM
#21
Original Post: https://forums.butterflylabs.com/announcements/692-bfl-asic-status-3.html#post32585

BFL_Josh
Does this mean, they have chips ready for Single and Single SC integration onto the PCB (provided they fix the PCB bug they just mentioned) and finally, everyone can start rejoicing about "actual / probable" shipping timeframe?

No, this just means they have nothing to ship still and want to buy another two weeks time before people begin requesting refunds en masse, causing them to go bankrupt... you know, since Avalon and ASIC Miner are currently shipping and spiking the difficulty to the point where BFL customers will be priced out very shortly.
newbie
Activity: 40
Merit: 0
May 15, 2013, 06:21:48 PM
#20
lol at "not going to give up now".

That their main motto, or so it seems.

^^
legendary
Activity: 2212
Merit: 1001
May 15, 2013, 05:09:16 PM
#19
God damnit why didn't I go with Avalon.  ASIC's or not, BFL is not a professionally run company.  If we had the truth the entire time, we could have made better decisions with our money. 
probably because you weren't in the know enough(I wasn't either) to actually be able to order during the three minutes or so that the first batch was actually available.

I was "in the know",but was blinded by BFL's bragging...............Now I'm sitting on a 2nd day order for 30GH.Kinda stuck,not going to give up now  Roll Eyes


full member
Activity: 137
Merit: 100
May 15, 2013, 05:00:32 PM
#18
God damnit why didn't I go with Avalon.  ASIC's or not, BFL is not a professionally run company.  If we had the truth the entire time, we could have made better decisions with our money. 
probably because you weren't in the know enough(I wasn't either) to actually be able to order during the three minutes or so that the first batch was actually available.
legendary
Activity: 2212
Merit: 1001
May 15, 2013, 04:45:28 PM
#17
Josh = Rude
Dave = Rude
Jody = Rude
Sonny, since promising further posts and not delivering = Rude

 Butterfly Labs is the "Amy's Baking Company" of Bitcoinia

LMAO  Cheesy I thought the same thing when I read that article  Cheesy
newbie
Activity: 40
Merit: 0
May 15, 2013, 04:31:17 PM
#16
Superb, can't wait to laugh hard at their next promise.

btw. to be honest i am astonished that an actual "numer on the queue" is worth so much on ebay while there were nothing but advertisements from BFL.
hero member
Activity: 1036
Merit: 500
May 15, 2013, 04:15:28 PM
#15
The only reason BFL arent insolvent is because thousands of people paid in BTC when they were like $10-20 each.

 ... except for that whole part where they used Bitpay and immediately received fiat for BTC.

Im sure they did because they cant pay suppliers or rent or electricity with BTC. They do have a real physical location. They did make a few ASICs.

But to think they didnt keep a ton of it in pocket as they watched the value skyrocket from Jan-April is quite foolish.

They have made multi-million dollar mistakes which could have easily bankrupted them. They certainly arent spending their $ on quality PR.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
May 15, 2013, 04:12:22 PM
#14
The only reason BFL arent insolvent is because thousands of people paid in BTC when they were like $10-20 each.

 ... except for that whole part where they used Bitpay and immediately received fiat for BTC.
hero member
Activity: 1036
Merit: 500
May 15, 2013, 04:08:13 PM
#13
The reality is, the 5gh miners are supposed to be shipping, but they arent. The prototypes are done. They sent them to shills and journalists.

They might not even have ordered the further wafers they need, let alone be ready to manufacture and ship devices.

I think the odds of them actually shipping anything are dropping by the day. The only reason BFL arent insolvent is because thousands of people paid in BTC when they were like $10-20 each. Otherwise they would have long ago gone out of business and surely pocketed whatever money was left.
hero member
Activity: 1162
Merit: 500
May 15, 2013, 02:51:07 PM
#12
A hundred chips a week will just make 50 x Jalapenos.

I wouldn't be putting them in anything else, the object being to get the maximum possible number of orders out of the way with each batch of chips.

BFLs objective is to make family&friends happy (BFL bootlickers like grnbrg and Lab_Rat already got their Jalapenos) and to create a media frenzy (shipping Jalapenos and future Single SCs to journalists & magazines - instead of paying customers).

This is where the 100 chips will go.
legendary
Activity: 1890
Merit: 1003
May 15, 2013, 02:44:27 PM
#11
Josh = Rude
Dave = Rude
Jody = Rude
Sonny, since promising further posts and not delivering = Rude

 Butterfly Labs is the "Amy's Baking Company" of Bitcoinia

http://www.youtube.com/watch?v=3XjgHEctcy0

A review of the show:

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

The aftermath:

http://www.youtube.com/watch?v=Rdi3LkGHVAw

http://www.youtube.com/watch?v=nexQhKIx39Q

Yes, Amy's Baking Company has gained that kind of Infamy...
erk
hero member
Activity: 826
Merit: 500
May 15, 2013, 02:31:28 PM
#10
A hundred chips a week will just make 50 x Jalapenos.

I wouldn't be putting them in anything else, the object being to get the maximum possible number of orders out of the way with each batch of chips.

hero member
Activity: 1162
Merit: 500
May 15, 2013, 02:23:17 PM
#9
Besides on this forum, when was the last time you saw a BFL ad in the wild?

Their shit is still out there. E.g:
http://www.bitcoinx.com/
http://www.alloscomp.com/bitcoin/calculator
http://tpbitcalc.appspot.com/
...
hero member
Activity: 575
Merit: 500
May 15, 2013, 02:07:26 PM
#8
when was the last time you saw a BFL ad in the wild?

I scrolled up 4 posts.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
May 15, 2013, 01:15:28 PM
#7
Josh = Rude
Dave = Rude
Jody = Rude
Sonny, since promising further posts and not delivering = Rude

 Butterfly Labs is the "Amy's Baking Company" of Bitcoinia
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