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Topic: Butterfly Labs November Update (ASIC Chips are "flawed". Delays.) - page 8. (Read 24693 times)

hero member
Activity: 1078
Merit: 502
meaningless bullshit removed

Here's the actual list:

1. The CEO is a convicted felon who
1.a. Is in probation/supervised release.
1.b. Is prohibited by the terms of his deal from doing a number of things BFL is doing, such as taking money from people.
1.c. Failed to disclose this; once discovered by 3rd parties he made a half-assed statement about "the mean government". Promised post with further details "over the weekend", never materialized.

This was explained away on the vague theory that while convicted "he wasn't really guilty" and while the CEO "he doesn't really have anything to do with the company".

2. BFL is a company that
2.a. Consistently made promises which were then not kept, such as to the time of delivery (blown in the past by 4 months +) and specifications of the items delivered (significantly larger power consumption).
2.b. Consistently takes money from perspective customers in exchange for products that do not actually exist. These don't constitute pre-orders, even if BFL calls them that, but loans to the company.

This was never explained other than "doing things is hard".

3. BFL PR is a guy who
3.a. Is a loudmouth just like I am, except he makes a lot less sense, rarely has a point and also lacks tits.

Enjoy.

(And yes, my personal opinion is that dud run = bankruptcy.)

I'll quote this for the people that ignore you and boobies Smiley
hero member
Activity: 756
Merit: 522
meaningless bullshit removed

Here's the actual list:

1. The CEO is a convicted felon who
1.a. Is in probation/supervised release.
1.b. Is prohibited by the terms of his deal from doing a number of things BFL is doing, such as taking money from people.
1.c. Failed to disclose this; once discovered by 3rd parties he made a half-assed statement about "the mean government". Promised post with further details "over the weekend", never materialized.

This was explained away on the vague theory that while convicted "he wasn't really guilty" and while the CEO "he doesn't really have anything to do with the company".

2. BFL is a company that
2.a. Consistently made promises which were then not kept, such as to the time of delivery (blown in the past by 4 months +) and specifications of the items delivered (significantly larger power consumption).
2.b. Consistently takes money from perspective customers in exchange for products that do not actually exist. These don't constitute pre-orders, even if BFL calls them that, but loans to the company.

This was never explained other than "doing things is hard".

3. BFL PR is a guy who
3.a. Is a loudmouth just like I am, except he makes a lot less sense, rarely has a point and also lacks tits.

Enjoy.

(And yes, my personal opinion is that dud run = bankruptcy.)
full member
Activity: 182
Merit: 100
Just to save everyone the time and cut down on the post clutter here are all the BFL Conspiracy theories in one post:

J. Edgar Hoover created a hit squad made up entirely of homosexuals "to assassinate JFK." "If, after the 'hit,' the street clothes were changed to "flamboyant/gayish" attire, would those people have been detained/questioned as any "normal/regular" looking individual on the street that day, or would they have been ignored as "homosexuals" that couldn't possibly have committed such a horrendous act?" J. Edgar was frozen and later revived and is now running BFL

The Preorders are all rigged  "Bitcoins go up and up. People with get rich quick fever are willing to wait in a line just like the ones for bread in the former Soviet Union for the pipe dream of striking it rich."

We already have cures for cancer but the government has re-purposed all of the chips used to find it in order to make ASIC gear at BFL

Redheads are the offspring of aliens and have been quietly infiltrating BFL in order to seed mind control hardware disguised as ASIC gear

Sono Bono was murdered [on the ski slope] because he was going to expose BFL shipping delays

There is a concentration camp under the Denver International Airport. It has an 8 level underground military base, a gas chamber... and it's rumored that there is genetic experiments taking place. People who cancel their BFL preorders are sent there

Fox News broadcasts invisible signals that affect your sense of smell. “Fox News Channel --- though it might not be the only one, has inaudile/invisible signals that are being broadcast with the audiovisual that's consciously perceived by the viewers." The ASIC gear are repeaters for this signal and soon everything in the world will smell like raspberry tarts

BFL is spearheading the efforts between Canada, the U.S. and Mexico to become one country.

The number on the back of your social security card is a World Bank account number where BFL is depositing your Preorder money, “there is a form that you can fill out to get that money back from the government, but if you do that you become marked as a “person of interest”

Dentists are putting small microwave-type things in your teeth. “Dentist are putting small microwave type things in your teeth! This is the only way that BFL is able to deliver such high hash rates with their new gear

BFL employees are actually shape shifters. “BFL top brass are actually aliens dressed as humans. I have eye witnessed  Josh blinking very fast then his eyes went completely black then back to normal. Aliens are really walking amongst us now to monitor us”

BFL has fine print saying the company is not responsible for any surveillance done through it gear by the US government.



I see more legitimate concerns than conspiracy theories.  BFL has a plan B or C, we keep our fingers crossed, but customers also need to be protected from the potential failure, BFL risking their money. People do not see the progress of BFL, there are more delays and failures. PCB photos are worth nothing, every electronics engineer can do this. So it is what it is.
sr. member
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
I was wrong, they will wait until 1BTC be worth 1000 $, then a refund will be possible  Wink

Dude they get their Bicoin payments through Bitpay, which means they never actually accept a Bitcoin. All is converted to U.S. dollars before it enters their account.
hero member
Activity: 1078
Merit: 502
You got it all wrong. JFK was shot by his driver.
hero member
Activity: 630
Merit: 500
Just to save everyone the time and cut down on the post clutter here are all the BFL Conspiracy theories in one post:

J. Edgar Hoover created a hit squad made up entirely of homosexuals "to assassinate JFK." "If, after the 'hit,' the street clothes were changed to "flamboyant/gayish" attire, would those people have been detained/questioned as any "normal/regular" looking individual on the street that day, or would they have been ignored as "homosexuals" that couldn't possibly have committed such a horrendous act?" J. Edgar was frozen and later revived and is now running BFL

The Preorders are all rigged  "Bitcoins go up and up. People with get rich quick fever are willing to wait in a line just like the ones for bread in the former Soviet Union for the pipe dream of striking it rich."

We already have cures for cancer but the government has re-purposed all of the chips used to find it in order to make ASIC gear at BFL

Redheads are the offspring of aliens and have been quietly infiltrating BFL in order to seed mind control hardware disguised as ASIC gear

Sono Bono was murdered [on the ski slope] because he was going to expose BFL shipping delays

There is a concentration camp under the Denver International Airport. It has an 8 level underground military base, a gas chamber... and it's rumored that there is genetic experiments taking place. People who cancel their BFL preorders are sent there

Fox News broadcasts invisible signals that affect your sense of smell. “Fox News Channel --- though it might not be the only one, has inaudile/invisible signals that are being broadcast with the audiovisual that's consciously perceived by the viewers." The ASIC gear are repeaters for this signal and soon everything in the world will smell like raspberry tarts

BFL is spearheading the efforts between Canada, the U.S. and Mexico to become one country.

The number on the back of your social security card is a World Bank account number where BFL is depositing your Preorder money, “there is a form that you can fill out to get that money back from the government, but if you do that you become marked as a “person of interest”

Dentists are putting small microwave-type things in your teeth. “Dentist are putting small microwave type things in your teeth! This is the only way that BFL is able to deliver such high hash rates with their new gear

BFL employees are actually shape shifters. “BFL top brass are actually aliens dressed as humans. I have eye witnessed  Josh blinking very fast then his eyes went completely black then back to normal. Aliens are really walking amongst us now to monitor us”

BFL has fine print saying the company is not responsible for any surveillance done through it gear by the US government.

hero member
Activity: 602
Merit: 500
They should sell the bare "dud" chips as souvenirs.

Not a bad idea really, earrings, necklaces, keychains. Turn a negative into a positive. Though I think they need to deliver a working product before people are in a good enough mood to buy those heh.
legendary
Activity: 966
Merit: 1000
They should sell the bare "dud" chips as souvenirs.
full member
Activity: 182
Merit: 100
They have stated that the refund/ship-by date is January 1st.  They never guaranteed a shipment prior to this date, only said it was possible.
Does US consumer protection law not apply to BFL?
How did you get that from what he just said? If it's 30 days after Jan 1st, then they've broken the law.

So, BFL has a chance to go down in history  Wink
full member
Activity: 182
Merit: 100
I was wrong, they will wait until 1BTC be worth 1000 $, then a refund will be possible  Wink
hero member
Activity: 756
Merit: 522
Ouch.

I guess it's a good thing that everyone knows 20k BTC is "but a tiny fraction" of what BFL's worth, seeing how that means they'll be able to do refunds.
legendary
Activity: 1458
Merit: 1006
I love how even in their own press releases they don't use full names for their officers. That's trust inspiring.

How to read a press release: https://bitcointalksearch.org/topic/how-to-read-a-press-release-88416

I can think of a few reasons a person would conceal his name.
 - felony convictions
 - SEC violations
 - previous bankruptcies
 - history of civil lawsuits over business practices
 - registered sex offender status
sr. member
Activity: 470
Merit: 250
I love how even in their own press releases they don't use full names for their officers. That's trust inspiring.

I never get tired of this gem:

Quote
Butterfly Labs (BF Labs Inc.), a market leader in microprocessor design, ...

 Cheesy
hero member
Activity: 952
Merit: 1009
I love how even in their own press releases they don't use full names for their officers. That's trust inspiring.
legendary
Activity: 1458
Merit: 1006
Butterfly Labs, INC. is accepting pre-orders for ASIC based products, expected to begin shipping in late October or early November 2012.
Which is why they set January 1st 2013 as the refund start date, ~30 days from the November window.

No. It was changed from October.


Didn't they say something about an anonymous venture capitalist backer, pretty sure that was in their initial ASIC project announcements.  Roll Eyes

Yes.

http://www.prweb.com/releases/2012/6/prweb9611889.htm

Quote
Retail sales have continued to grow strongly, and with exponential month-to-month sales increases, the decision to back BFL was made easily. “Butterfly Labs has strong fundamentals indicative of the kind of rapid growth company we support,” the private equity group notes. “Having made bold investments in new technology, they’re poised to redefine the landscape for SHA-256 hash verification.”
hero member
Activity: 1078
Merit: 502


Didn't they say something about an anonymous venture capitalist backer, pretty sure that was in their initial ASIC project announcements.  Roll Eyes

I hope it's a Chinese head hunter millionaire.

FTFY
hero member
Activity: 952
Merit: 1009


Didn't they say something about an anonymous venture capitalist backer, pretty sure that was in their initial ASIC project announcements.  Roll Eyes

I hope it's a Chinese relic hunter millionaire.
sr. member
Activity: 336
Merit: 250
Butterfly Labs, INC. is accepting pre-orders for ASIC based products, expected to begin shipping in late October or early November 2012.

Which is why they set January 1st 2013 as the refund start date, ~30 days from the November window.

What refund? They spent all (most) money on (unsuccessful?? ) ASIC project. If they fail to produce hardware to January 1st 2013 , you forget about the refund. Only hope that they will succeed. No bank will give them a loan.

Didn't they say something about an anonymous venture capitalist backer, pretty sure that was in their initial ASIC project announcements.  Roll Eyes
full member
Activity: 182
Merit: 100
Butterfly Labs, INC. is accepting pre-orders for ASIC based products, expected to begin shipping in late October or early November 2012.

Which is why they set January 1st 2013 as the refund start date, ~30 days from the November window.

What refund? They spent all (most) money on (unsuccessful?? ) ASIC project. If they fail to produce hardware to January 1st 2013 , you forget about the refund. Only hope that they will succeed. No bank will give them a loan.
hero member
Activity: 871
Merit: 1000
They have stated that the refund/ship-by date is January 1st.  They never guaranteed a shipment prior to this date, only said it was possible.

Does US consumer protection law not apply to BFL?
I do not understand your problem?
Until now, BFL has refunded allways the full amount, if someone has canceled his order!
So, cancel your order and stop the crap
Apparently there are some problems with refunds: https://forums.butterflylabs.com/pre-sales-questions/441-refund-not-getting-processed.html
I see exactly 1 post  Roll Eyes And this after thanks giving weekend and 2000 mails in the mailbox!
What does that say?
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