Topic: Butterfly Labs November Update (ASIC Chips are "flawed". Delays.) - page 2. (Read 24693 times)

Good post; pretty much sums up my own opinion on the matter.  I paid my however much BTC for my 2 Jale's on preorder -- If they don't deliver (to anyone -- not just me) by Jan 30th then I will file for refund, and pursue legal recourse if applicable.  This really is a simple matter -- I don't quite understand why everyone is making such a paranoid huge deal out of it (and I'm a questionably paranoid drug user!)
I got burned by Bitcoinica as well.  But that might have been due to my own emotional trading "style" -- I mean that WAS my first venture into forex.  I won sometimes... Big... But netted a loss.  So what?  This is the wild west of crypto-gambling.  [EDIT part:  I just received an email from the liquidation company that owns the Bitcoinica LP liability or whatever; have printed it out and am going to send it off in the next couple days, officially filing my claim for that loss.  MORE than I EVER expected from that.  I consider myself lucky]
Point is:   You take the bad with the good and you risk what you're comfortable with.
And I am by NO means a wealthy person... I scraped together school financial aid proceeds & SSI to afford my 1.8 GH that I currently mine on and barely pay my rent with -- I DEFINITELY live on the edge -- But this is my decision. I am a gambling man, no doubt.  Preordering with BFL seemed to me like a winning bet.  We shall see.
****I**** have room to complain... But I am NOT.
I await the falling of the chips.  Settle down, everyone.  Karma will distribute properly and justice will ultimately be done, on the this matter as well as on the most grandiose scale.
As above, so below.

Que? When did it become some sort of crazy notion to want to know who is behind a business?

I googled "20 person company" and the first result was a google news report about a 20 person company that landed 80 million dollars in funding, named Anandale Construction. Googling Anandale Construction founder first result is a business journal Profile about the Founder (who is also President and CEO), a brief rundown of his personal history, his business partners names, the sources of his funding (including an upcoming contract with An Airforce Base for $10Mil), I stopped there but I suspect there's plenty more where that came from. (Side note: Not a publicly traded company)
Business journals routinely run profiles on businesses of all sizes who are more than happy to tell you their whole life story. Why in the world this seems CRAZY to people is... interesting.

Most businesses don't have the direct personal cozy relationship with their customers that Bitcoin and ASICs do, and so it's not often that anyone would have a chance to directly request that information, however freely making that information available is not at all uncommon.

Whether or not they choose to do so is their business, and I will be the first person to admit I will not tell any of you anything about who I am if I can help it, but it is hardly some sort of madman's snooping prying-eye request. I shrug I guess.

+1 crazyates
+1 SLok

Some people like elux think they are entitled to what ever they ask for. No matter how much information you provide them they will come back with another demand for more information.

This is how you deal with people like Elux:

Elux, what is your real name? What is your address? What is your phone number? Where do you work? What is your position at your place of employment? What educational degrees, if any, do you have? What is the license plate number of your car? What is your social security number? What is your mother's maiden name? What is your father's name? What are the birth dates of your parents? Where do you bank at? Will you provide a blood and urine samples? Are you willing to take a polygraph test?

And... That will do for a start.

Elux, if your unwilling to answer these questions then we know your unwilling to hold yourself to the standards you hold other to.

I feel another ignore coming.......

You seem to do some nice bookkeeping. Can you please tell me which identities, the date of the complaints, the total number of your postings on those days, the phase of the moon plus how often you touched yourself & got off thinking about BFL?

Yet you boldly ordered a Jalapeno, and BFL cancelled it. And yet you lent a broke-ass guy who would go mining with a 12btc graphic card he could not afford and needed a loan for, 6 coins, which he would pay back of the profits, while the fine for being late on that loan (did you ever hear from him again?) was more than he could earn with it? Math, it ain't easy.

You honestly think BFL is going to answer these questions? I challenge you to find ANY 20+ employee company that deals with millions of dollars of sales, and have them publicly answer a 13 point interrogation concerning their current and past CEOs, where they live, detailed internal structuring, why they chose that structuring, name an ANONYMOUS venture capitalist, and then reveal internal financial reports.

Are you for FUCKING serious?! Almost any company out there would laugh you straight to the door. I understand that the "Bitcoin" world can get a little askew from the "Real" world, but man, this tops the cake.

Thanks. That is quite helpful. Let's take Sonny on his word and run with it...

I'll just quickly fire off some questions I've wondered about these last few months.
I do realize that BFL has no obligation to answer these questions, but being polite, helpful and forthcoming would be nice for a change.

Besides, why not answer these questions, assuming there's nothing left to hide?

---

Some unanswered questions:

I note that at the time of the ASIC Announcement, BFL refers to Nasser as their CTO.
I published the summary of evidence on Sept 20. The interview was published on Sept. 23.

It follows that Nasser/BFL_Engineer, the Paris based bank worker, was appointed CEO of Butterfly Labs some time between June 15. and Sept. 23.

1: Who did Nasser replace as CEO?
2: When was Nasser appointed CEO?
3: Who (if any) replaced Nasser as Chief Technical Officer?

In the interview, Sonny Vleisides refers to himself as an "upper-level executive", but does not give any further description.

4: Exactly how many upper level executives are there in this 22 person company?
5: What is Sonny's "upper-level executive" position" in the 22 person company?

6: Is it correct that Nasser is lead engineer on ASIC development, and also CEO in addition to his bank job in Paris?

7: Why is the CEO now based in Paris? Does BFL have a Paris office?
8: Is the former CTO (now CEO) the only french employee? Isn't this a bit... impractical?

9: Who is "Nick W" of Butterfly Labs? (Signatory/contact on the press release.) [Link]

10: Who is the nameless Venture Capital / Private Equity Group referred to in the press release? (Or more to the point: Does it exist.)
11: Has BFL raised any capital other than pre-order money?

12: Who owns the company?
13: Who founded the company?

---

And... That'll do for a start.

If anyone outside of BFL has answers to any of these, feel free to chime in.

That's a fair point. The only reason I was asking questions about BFL and people involved was that I was trying to make an informed decision on whether to give them my money in exchange for an almost anonymous promise to deliver ASIC miners by October/November. Since those reasonable questions (see "townhall meeting" thread) remained unanswered and ridiculed, I decided not to give them my money. At this point it is safe to say that, regardless what happens in the next month or two, I made a good decision.

Sonny Vleisides is not the CEO, now you can nag and whine on, making me think you may indeed be a woman (sort of), that doesn't change facts.

Dear Elux,
From Coding in my sleep:
"Sonny Chris Vleisides is not the CEO, Chris Vleisides (his stepfather) is the President (as opposed to his natural father, James Ray Houston, who was listed on the indictment) and Nasser Ghoseiri is the CEO – the confusion is understandable what with all the similar names, step and biological fathers and BFL’s seeming hatred of titles. Sonny is an upper-level executive within the company, but he’s not the absolute head, nor is his stepfather.
Even if he were the CEO, the CEO doesn’t have the ability to arbitrarily run away with much of anything. Like most incorporated entities they have a board of directors. The CEO certainly has a lot of sway with the board, but not enough to take the money and run."
http://codinginmysleep.com/interview-with-sonny-vleisides/
I hope this eased your worries a bit. If not, sorry I could not be of any help.

@ Frizz23, or bitsnpieces, or Cpt. Nemo, or BFL_Lab_Rat, or whatever dress you are wearing tonight, nobody pays me, and the signature is a lottery ticket, but you already knew that. At least 3 of your identities complained about those signatures sofar, a minority I know, but it should have leaked through a bit to the rest of them.

They are not legally required to. Which is completely besides the point.

Last time I checked, BFL was not a publicly traded company. Which means they have ZERO obligation to make public any of the internal workings. They are not required to tell you who their CEO is, nor if/when they change CEOs.

I guess this pretty much settles the point. The discussion was about Sonny Vleisides not Nasser the Nameless. You're an idiot, gtfo.

Nice move BFL, have a lying CEO, hope nobody notices. When somebody does notice lie a little more about it and de-CEO him w/o telling anyone. Make all sorts of spammy prwire releases, sure, but NOT anything about a new CEO, which is the absolute prime thing to report for any company. Wait a few more months, send random shill to pretend this never happened. Who knows, maybe it sticks this time.

BFL needs an S for scumbag in there somewhere.

---

Dear SLok,

From what I understand, "Nasser G", a Paris, France based IT consultant is implied to have been recently promoted to CEO of Butterfly Labs.

"Nasser G" is employed by a bank in Paris. He has previously declined to answer questions regarding his employment on this forum.

"Nasser G" was titled Chief Technical Officer in a BFL press release dated June 15. 2002.

Some time ago, I made the thread:  Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence.

Some time later, it appears that the Chief Executive (CEO/President/Director) of BFL was fired or demoted in silence, to be replaced by "Nasser G" as Chief Executive, for reasons unknown.

If you or anyone else have corrections to make or new information to share, please do.

The corporate structure and internal workings of BFL are no less mysterious than a black box on the moon.

Which is a bit worrying, considering the circumstances.

Fire Inaba Hire this guy seems like he cares more.....

First off, I'm a girl. Second off, lies? Where do you get off? What lies specifically?

Quick, Marge, say something!

Since it seems you work for BFL (for free) - can you please send me some of this BFL koolaid? I am willing to pay 6 month in advance plus I promise that I will never question the existance of your BFL koolaid.

welcome to the internett you mean?