Topic: Bitcoin will be at CES2013 (Official Thread) - page 8. (Read 36660 times)

Oh noes!  Not the annamicon!  Imma run and hide, it's scuurrry!

Btw, Bitpay accepts 0-confirmation transactions

https://bitcointalksearch.org/topic/serious-vulnerability-related-to-accepting-zero-confirmation-transactions-136017

Now all scam them with fake paymetns!

You are talkng out of your ass.
Before ANY production runs (of ANY electronic device) are made the design is already completely prototyped and working.
No person in the world will run a production batch of an untested unprototyped design.
It would be a complete waste of money because it is almost 100% sure there will be some form of design error.
You can only start making predictions about the time it takes for one batch IF you have a working prototype and your product is quite finished.
THEN and only then do you invest money in an actual production run.
The BFL delivery dates don't add up. They must know fully well that their 'dates' were unresponsibly optimistic. Furthermore it appears they are fully depending on some 3rd party for their product since they say they will deliver soon but still have no prototype. This propably also means that the 3rd party they take the product from still has to do all the testing phases etc before they can produce a batch.
If their claim that BFL designed the chip themselfs is true then i don't think it is financially possible to run a batch without first going through several revisions which implies several more or less working prototypes.
Since BFL doesn't have a working prototype (or at least are unable or unwilling to show it) you can SAFELY assume they are not ready for a real batch of any size.

So for now BFL has given no reason whatsoever to trust that they will deliver anytime soon.
In any case, BFL claims they have extra special super experience with delays from the FPGA batches and have therefore claimed that they will, for sure, deliver in october 2012.
It is now January 2013, BFL showed an empty case on CES and they still haven't got a clue when exactly they will deliver.
This just means they have no control whatsoever about the process. They have shown that the dates they mentioned were meaningless.
One could even say their shipment dates are outright lies because they were never realistic in the first place given the fact that there is no prototype.

That would be because your booth is at the Venetian. You know, where they put the absurdities and weirdos so they don't pollute the real CES at the LVCV.

From forbes.
http://www.forbes.com/sites/jonmatonis/2013/01/07/largest-bitcoin-payment-processor-raises-510000-angel-round/

"Since the November 2012 WordPress deal, BitPay has seen new merchants increase by nearly 50% to over 2,000. The total dollar value of all bitcoin transactions processed by BitPay in 2012 was over $3 million, which represents average quarter-to-quarter growth of 50% over the past four quarters for transaction volume."

At that rate it breaks down to:

EDIT:

Q1   187,500 USD
Q2   375,000 USD
Q3   750,000 USD
Q4   1,500,000 USD

1 Month of Q2 and all of Q3 before BLF missed its shipping deadline could represent at most  $2M aprox. $1M USD in BLF pre-sales (plus any buyers who placed orders in Q4).

Here is a rich field of goofs in a country of fools.

You just don't offer them true. Offer them a dream. There are a lot if kid idiots here.

To be honest, I have already tried to raise some capital on bitcointalk, but people didn't want to invest with me just because my business plan was a little illegal. I understand their objections, but I find it sad nevertheless. At least my plan wasn't a scam, god damn it! I seem to lack the skill to persuade people to give me their money.

the_thing

You don't need venture capital to start a highly successful, fradulent bitcoin business.  Ask Trendon Shaver.

You've got to get creative.

Create a mysterious persona or somewhat nefarious persona. 
Come up with a magical way to make money that you can't fully reveal or doesn't really exist.
Profit handsomely
Get hacked/default/disappear
Avoid any prosecution
rinse and repeat.

I stand corrected.

My country is an oligarchical semi-feudal bureaucratic shithole with complete lack of venture capital. Believe me, it is much easier to start any company in 'Murrica, even a fraudulent one.

The $3million value comes from a Bitpay Press Release.
http://www.marketwatch.com/story/bitpay-to-expand-bitcoin-processing-space-with-510000-funding-round-2013-01-07

Bitconica
Intersango
Bitmarket.eu

They are not US companies. I'm sure you could start you own fraudulent/mismanaged company in your country too.

Good Luck

It surprises me how much money can be handled by such incompetent managers and/or scammers.
I think I'll start a business in the US.

Good call Phinn and if that number is accurate that includes revenue from 1000+ other clients.

I think it's about time to put one rumor to rest: http://www.bizjournals.com/atlanta/blog/atlantech/2013/01/bitcoin-payments-processor-bitpay.html?page=2


We could just about safely assume that a decimal is off by one space.

$6.90 actually.

Wait, wait We have a shitstorm preparing.

You misspelled "irrational BFL haters".

Yes, why should they pay taxes of the preorders? lucif? I believe you should go back and work on your TA with the $5 target  

facepalm.jpg

Very informative post and photos thank you