1) This is an epic pic. Hope it's not shopped
2) I cannot understand anyone angry at bitpay. Full disclosure: I have no position in that company other than holding a little-used merchant account for an e cigarette business yet to be launched publicly. I do not own equity or work for them in any way, other than asking local Las Vegas businesses to accept bitcoin, with bitpay being the obvious provider with an easy setup for a 1% fee.
3) Much like the restaurants around town, if they want to accept btc payments you use bitpay - it's just the best system to simplify it. Why would you be mad at BFL using bitpay? Why not just get mad at bitcoin?
IMO, bitpay does a reasonable amount of due diligence before accepting a merchant. They also have 1000's of merchants. Anyone who wants to accept bitcoin quickly and easily calls up bitpay - that's the only BTC-processing company I thought of when in the formation stages of this new business happened last month.
if you think about the earliest warning signs, BFL missing the 9/2012 shipping date was a sign - but that shouldn't have vilified them BFL quite yet - and certainly not Bitpay. At some point a pre-order, unshipped, becomes fraud. Did BFL need this money for R&D? did they try to gamble their way out by selling more pre-orders and tried to find different sourcing? Are they *still* looking for someone to make those chips in China? Who can know the answers to these questions but the disrespectful and unprofessional humans behind the BFL project.
I agree that at some point your BTC payment processor should drop you as a merchant if a situation like BFL's arises. A "pre-order" signifies that their is a supply chain hold-up, we got the technology locked and loaded, and we only need a few weeks or maybe 2-3 months and then we will get you your product ASAP" How long until a pre-order becomes fraud? What if in 2014 BFL is still saying "We got those $30k boxes almost done - they will ship in a few more weeks in early 2015" - do you accept that timeframe as a "pre-order" ?
When discussing what Bitpay's role in BFL processing was, it's very simple - they served the same function they do for *every other* one of their merchants - because this merchant appears to be working for evil, at some point you would expect bitpay to cut them off and say "no, we will not do your btc processing - there have been too many signs your company is a scam"
BFL guys are not as stupid as they look in this video cued to me asking Josh about the machines he brought to CES and him literally giving me a quarter and telling me to "Buy a fucking clue"
-->
http://youtu.be/UlWrmIqGs3Y?t=2m40s <--
To bitpay, up until recently the BFL guys could have seemed legit. Let's see when they drop BFL. I'll bet Bitpay is still around in a few years and BFL is long entered into book of BTC scams