Butterfly Labs announcing new preorder marketplace - page 3.

YipYip

hero member

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Quote from: razorfishsl on September 07, 2013, 07:19:49 PM

It is all bullshit.
They had no intention of meeting all current pre-order deliveries by the end of september 2013.

It just shows the stupidity and lack of thinking ability,(or the real issue), bit like those assembly machines they wasted money on.

Instead of assembling the product, allow the customer to take a kit of parts or just the main boards, that way you don't need workers to do assembly, that is
Unless you need a bottle neck, because the boards won't meet the hashing rates.

The criminality of this all scares me...Sonny has learnt a lot from the many years honing his craft as the LONG CON master

ASIC is just a vehicle he uses ..."LOTTERY WIN" "MONEY PRINTING MACHINE" the same pathological drivers are their ...GREED,FEAR,Hope for a better life ...he knows exactly how to play to the human psych

The PRE_ORDER marketplace was ALWAYS in teh works.... the ability to keep perpetuating this never ending cycle of NON delivery is amazing .....THIS GUY NEEDS to be locked up as he is a menace to society.. Sad

PuertoLibre

legendary

Activity: 1890

Merit: 1003

[Crazy Speculation]

MOTHERFUCKERS!

It was bullshit that was ssssooooo well crafted. That even my BS detector couldn't understand the scope of the scam.

Holy shit, BFL figured out a way to have [newer] customers pay for the refunds.

========================
The Scam Defined (IMO):

They (BFL) don't even have to touch their own bank to set this up. It is genius, true scam genius.

They open up "a marketplace" for old pay date holders and newer pay date holders to get together and send money to each other. (thereby keeping BFL out of the refund loop). Later pay date holders source $$$ and send the refund money to early pay date holders.

The newer customers under the illusion that they still want [nearly obsolete] hardware earlier than their current pay date (April 2013 for example) will go into the marketplace and therefore will seek an "Early Pay Date" in the market place (lets say October 2012). They will opt to send money (the disguised customer-to-customer refund process) to the buyer with an earlier pay date (october 2012). Thereby moving themselves up in the queue.

The original buyer with the *Early pay date* then steps out of line and drops out of BFL as a customer. (they got their refund from another customer...not BFL)

Then the buyer with the later pay date (April 2013) is then going to sells his/her *Later pay date* (April 2013) on the very same market place to someone with an even later pay date (lets say another pay date holder for July 2013).

======================

In effect, BFL has found an ingenious way to keep the apparent ponzi going without putting their own bank accounts as the source of the funds.

Newer Customers now refund older customers in their bid to get an early spot in this ongoing ponzi-like structure!

Madoff would be damn proud!

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: razorfishsl on September 07, 2013, 07:19:49 PM

It is all bullshit.
They had no intention of meeting all current pre-order deliveries by the end of september 2013.

It just shows the stupidity and lack of thinking ability,(or the real issue), bit like those assembly machines they wasted money on.

Instead of assembling the product, allow the customer to take a kit of parts or just the main boards, that way you don't need workers to do assembly, that is
Unless you need a bottle neck, because the boards won't meet the hashing rates.

Inefficiency, waste and mismanagement all great ways to make the BTC / USD evaporate. I wonder if some of these actions are on purpose?

Either way BFL are SHADY characters aren't they?

AussieHash

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Credit : gif from reddit

razorfishsl

sr. member

Activity: 399

Merit: 250

It is all bullshit.
They had no intention of meeting all current pre-order deliveries by the end of september 2013.

It just shows the stupidity and lack of thinking ability,(or the real issue), bit like those assembly machines they wasted money on.

Instead of assembling the product, allow the customer to take a kit of parts or just the main boards, that way you don't need workers to do assembly, that is
Unless you need a bottle neck, because the boards won't meet the hashing rates.

YipYip

hero member

Activity: 574

Merit: 500

Quote from: Unacceptable on September 07, 2013, 04:17:02 PM

Maybe.............a preorder stock market Huh

Buy/sell/trade your preorders today!!!!!! Cheesy

Wrap em up like the banks did mortgages & sell em all over the world Cheesy

It all makes sense ..this is the "AH HAH" moment where they have created a new trading derivative

"THE NEVERENDING PREORDER"

These guys really are genius...I am serious ...From the years of the long con with his Lottery scam ..he KNOWS exactly how far & long you can push people when it comes to greed & once you have them on the hook

He is NEVER going to let them off without getting his pound of flesh !!

Cry

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote

Sociopathic Personality Traits

Sociopaths are very manipulative and conning. They never respect or recognize the rights of others. Instead, they consider their selfish nature as the right behavior.
Sociopathic people display superficial charm and charisma, but underneath they are extremely hostile and domineering. They consider other people just as instruments to be used for their purpose. As such, they tend to dominate and humiliate others.
Another very interesting characteristic of sociopaths is that they consider the things they want as their right to have. As such, they have a very grandiose sense of their self. Even the luxury items which they crave for is believed to be a need rather than a treat.
Sociopaths are pathological liars. They tend to lie, just for the heck of it, even when it is not necessary. They can lie quite easily. With time, lying becomes a habit and it becomes very hard for them to speak the truth. In most cases, lying boosts their ego and leads to a high belief in their powers and abilities. Due to frequent lying, sociopaths become so apt in it that they seem to be very convincing.
They do not exhibit any shame, remorse or guilt. This can mostly be due to their repressed rage that is at the core of many sociopaths.
Sociopaths do not or are not able to cultivate friends, as they consider other people as opportunities. The nearest that they come to friendship is having accomplices.
Sociopaths allow nothing to stand in their way of attaining their goals. They always use the wrong method of achieving this, as they consider the end always justifies the means.
Sociopaths are very shallow people. They do not or cannot portray genuine emotions. Even if they show love and compassion, then it is feigned rather than experienced and they do so to serve an ulterior purpose. Their every act and thought is driven by falsehoods. Because of their lack of emotions they are also incapable of loving others.
Sociopaths remain unmoved by anything that would upset a normal person. Yet they get outraged by very insignificant matters that would not even cross the mind of a normal human being.
Sociopaths live on the edge and do not shy away from risks and dangers, because it provides the stimulation that they need. As such, most sociopaths are addicted to gambling and are also promiscuous. For them, brawling, punishments and fights are a daily part of the routine.
Sociopaths are very impulsive and cannot control their behavior. They cannot sympathize with the pain that their victim feels. Instead, they feel only contempt and take advantage of their victims’ distress.
Unreliability and irresponsibility are other characteristics that define sociopaths. Since they are constantly lying and exhibit self centered behavior, relying on them for some work or giving them a responsibility would not solve the purpose.

Unacceptable

legendary

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Maybe.............a preorder stock market Huh

Buy/sell/trade your preorders today!!!!!! Cheesy

Wrap em up like the banks did mortgages & sell em all over the world Cheesy

rm187

member

Activity: 65

Merit: 10

Quote from: SkRRJyTC on September 07, 2013, 11:09:07 AM

> We expect the order transfer system to be in place by September 10, 2013

...

what happens on 9/11? Well its official pre-orders are worthless as fiat.

SkRRJyTC

legendary

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> We expect the order transfer system to be in place by September 10, 2013

...

joeventura

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Quote from: miter_myles on September 06, 2013, 09:35:09 PM

If they are working on "features" like this.. that means all the back log of orders is completed right?

Not now, not a month from now, not by Christmas

elux

legendary

Activity: 1458

Merit: 1006

Quote from: PuertoLibre on September 06, 2013, 09:38:01 PM

Quote from: Bicknellski on September 06, 2013, 09:36:27 PM

Quote from: PuertoLibre on September 06, 2013, 09:31:51 PM

Speculatively Translated:

We have a retention problem. People aren't willing to wait until the order queue is fully processed. So they are "bailing on us" for other companies with better offers and forcibly pulling money out of our bank accounts.

We couldn't figure out a way to keep them waiting in line and leaving with their money. We are letting people with spots closer to being serviced in the backlog to sell off their order numbers for some monetary sum. Which means we will keep our newer customers and give "added" value to those who no longer want their orders. (thereby circumventing the forced refund process)

So go along with us. We need this cash. We need to keep our newer customers and our cash flow is probably running real low.

Transfer your unwanted position in line for some cash and keep us solvent, pretty please!

(This is my personal interpretation behind the bullshit.)

You speak fluent BFL... amazing where did you study PuertoLibre?

At the Inaba institute of higher learning.

Surely you mean the Vleisides School of Business?

Brought to you by the creators of Butterfly Labs,
industry leading experts in offers you can't refuse.

/snark

PuertoLibre

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Quote from: YipYip on September 07, 2013, 02:03:40 AM

I dont understand why they would need any of this

Are they not clearing all back orders in the next 2 weeks ....??

Are these assholes so bad that they are now creating s/w to help maintain the LONG CON....

Expect the SQL and DB server to be powered by a used Beowolf cluster.

Bicknellski

hero member

Activity: 924

Merit: 1000

Say it with me BFL is just

shady.

Unacceptable

legendary

Activity: 2212

Merit: 1001

September 15th is coming fast Grin

Have you got your refund yet Huh

YipYip

hero member

Activity: 574

Merit: 500

I dont understand why they would need any of this

Are they not clearing all back orders in the next 2 weeks ....??

Are these assholes so bad that they are now creating s/w to help maintain the LONG CON....

madmax_ger

sr. member

Activity: 448

Merit: 250

Quote from: miter_myles on September 06, 2013, 09:35:09 PM

If they are working on "features" like this.. that means all the back log of orders is completed right?

yes, since 2 weeks! already!

DyslexicZombei

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Activity: 364

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Beautiful insights. I think you summed it up perfectly. Thanks!

Flying Hellfish

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Verified Bernie Bro - Feel The Bern!

I think BFL left some money on the table here, why aren't they charging a 10% transfer fee? Why not milk the investomer a little more!!

This definitely appears to be a move to preserve liquidity by slowing down refund requests and complaints to regulators by helping people shift an unwanted order to someone else rather than going to the hassle of filing a complaint for refused refund. This makes me believe that BFL is nervous.

BFL needs the orders to stay on the books at all cost, the more complaints the regulators get the closer they are going to be looking at BFL and I guess no one at BFL wants that!

I don't believe for one second BFL cares about the aftermarket sale integrity. What benefit does it have for BFL who holds the order the product is paid for and will ship at the same time regardless of who owns the order. The only thing they care about with this program is to keep the order on the books, they will certainly parade around telling anyone who wants to cancel to go and sell it on their site and they will help with the transfer (free of charge?).

DyslexicZombei

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Activity: 364

Merit: 250

Quote

... We also have customers who decide to sell their orders on eBay or other venues. Unfortunately, doing so requires a secure form of transfer, and the trust factor simply makes it difficult for a seller to find buyers.

Trust factor?

If you're not BFL & you have a solid ebay rep by not pissing off anyone - like moi - you easily sell 3 Jalapenos with 2 of them being pre-orders!
D'oh! So much for that argument.

Yoda says: "The fail is strong in that one."

Topic: Butterfly Labs announcing new preorder marketplace - page 3. (Read 7650 times)