Topic: Butterfly Labs shipping 300 units a day - page 4. (Read 29026 times)

Just for the record, Steve Jobs delivered on time.

That is just BFL's reality distortion field a la Steve Jobs.

My order is not shipping. Someone elses order is shipping from June 2012. My order is now per commercial rules and definitions a FUCKING BACKORDER.
Gimme my monies back scammers.

Hey YipYip,

I'm no BFL lover. I'm a customer that has orders in the endless BFL backlog.  My view, and I believe I've seen BFL posters say so on the BFL forum, is that all "pre-orders" became orders when shipments started.  I think it's safe to assume whatever lock-box they may have had was legally cracked wide open.

I'm not frenetic with anger because:
1. I didn't send BFL thousands of dollars for effen minirigs, and certainly not to the point that I'd turn into an a-hole if I didn't get product on time.
2. I placed my orders later this year, had the benefit of reading this site, and understood the real risks of sending cash to a fly-by-night outfit for a prototype money-making machine.  Surely I should thank you, PG, and countless others for that.
3. I didn't cancel my order, only to later discover BFL actually did have said money-making machines to ship.

I'm incredulously surprised anything functional is coming out of BFL, with such clinically dysfunctional executives. In my book, this was an unlikely outcome.  So pardon me if I choose to stay out of the belligerent crowd, I have my reasons and respect the right of others to blow steam when they have lots more riding on this than me.

I am bothered by those that cling onto and waste their emotional sanity over statements that carry no standing, don't make legal sense, or were physically impossible to accomplish.

If BFL executives decided to give themselves fat retirement accounts and siphon funds into fake contracts, they can shut doors, claim bankruptcy, and not even leave their homes.  Welcome to the USofA, where entrepreneurs (spineless or not) are cherished and protected...just in case, someday, they may become Steve Jobs or even presidential material.

You may be right....but

If you have not isolated the pre-payment funds you are open to proofing that an imbezzlement has not taken place and other criminal actvities etc

Having said that the laws are pretty lenient in that even if you have pretended to do a half arse effort and failed... taking millions in funds in directors fees,200k+ salarys and even having other LLC's owned by you provide services such as IT support for 80k a month just to name a few of the old chestnuts .......they should be fine in this regards to criminal law i.e BFL's current state of play

One wildcard fact is Sonny's previous history may give some DA a hard on to really look at WTF has gone on ...lolz

Getting to the point in all of this is once again the never ending lies and deceit that BFL will always say anything to keep the pre-orders flowing

i.e ALL FUNDS HAVE NOT BEEN SPENT AND ARE ISOLATED BLAH BLAH BLAH

They live by the conmans playbook of...... truth is just an inconvenient obstacle that needs to be neutralized every now and again by a few pesky customers who dont buy the SPIN !

Also another point to your failed argument is that as a guesstimate that over ~60%+  of all pre-orders happend before the statements that PG is quoting....so they are valid now completely or at least to 60%

Anyways long and the short socktilla contestant  v6.30 I think we have all discussed this with you over and over again in your many incarnations ...so yeah keep the good work up  

P.S "SUCK IT"

quote:

"The story so far

Butterfly Labs (BFL) is working with more than 1 year back-log of pre-orders. Since the company has no structured information about how this back-log is being cleared, several attempts to illustrate and keep track of the limited information from the company have been made - this is one of them. BFL_Jody (corporate officer and sec/treasurer) keeps the only daily blog with shipping information, otherwise the organisation is highly tightlipped.

The shipping blog lists information about which pre-order pay-dates have been shipped. The blog does not include any information about the number of units shipped, which is information that BFL does not want to share. Nor does the blog explain when production and shipping is slowed down. In fact most questions posed by the ever-increasingly dismayed public go unanswered. It is fair to assume that the company is struggling, not only with supply-chain, production and shipping - but also customer service.

BFL has promised that the back-log would be cleared this summer, but the deadline has been pushed back several times and at this point it appears unlikely that the latest deadline can be met.

BFL is also trying to discourage refunds, by referring to shady customer locked-in-purchase strategies. The coming month (August 2013) is likely to see more disputes regarding refunds as customers loose faith."

https://forums.butterflylabs.com/bfl-forum-miscellaneous/2713-time-table-simplified.html#post33138

I'm not sure that they're really shipping 300 every single day, it seems like production happens in bursts, but I do think they've probably had several 300 unit type days.  August 1st seems to have been a pretty productive day in terms of shipping since they did most of 3 days of Single SCs and most orders are for multiple units so it's not inconceivable that the total number of units is fairly high even if the orders aren't.  Seems like they're stuck on larger June 26th orders.

Can't wait for my units...gonna be camping for the mailman tomorrow, might even have to miss an important lunch appointment lol.

You're pulling a Dec-2012, pre-order/pre-ship statement by inaba, and expecting it continues to apply two months post-ship?

So, yes Phinnaeus Gage, I believe both statement can be true, although I doubt inaba's ever was.

I'd love to read an accounting regulation that prevents a private business that ships product from using cash from prepaid ORDERS for whatever they wish to spend it on (i.e. R&D, parties, charity, executive perks, and oooops none left for parts?!).

They do have a legal liability to the customer until they ship, so called "unearned revenue", but really just digits on a spreadsheet until someone successfully sues them or forces a refund...no requirement to keep the cash in any lock-box.

= 300. Math is just soo relative.

When do you think "September" will be changed to Oct/Nov/Dec ?

quote BFL_Jody

"Jalapenos: None shipped today, so we are still at Nov. 14,2012

Little Singles: shipping July 31, 2012 today

Singles: Not many--still at June 26

MiniRigs: Shipped a lot of MiniRigs from June 23/ 2012. Doubled our MiniRig staff

The rules for this post: I will only tell you the pay dates for orders shipped, Not quantities; not the order numbers.

I am too sleepy to say more tonight.

Ask me a question I can answer and I will post on Saturday---well, later on Saturday, like day time."

https://forums.butterflylabs.com/blogs/bfl_jody/266-friday-august-2-2013-shipping-update.html

See my post above in bold red. Both statements can't be true.

Let me see if I have this correct. BFL was able to secure VC prior to not having a working ASIC-based Bitcoin miner, but will have revenue problems due to not being able to procure an even much larger VC funding now that they've proven to the world that the bitches work and are in FULL PRODUCTION.

What am I missing?

I came to this realization 6 months ago and moved to LTC

I have been happy and profitable ever since

Its not the fantasy get rich quick schemes that drive the ASIC BTC world...but honest hard work (...lolz)

In 6 months when all of this crap calms down and ASICS are at a realistic price & a 1-2 week delivery cycle is when i will look at ASIC's

Life is too short to have all of that stress and angst being involved with unfulfilled promises & disappointments  ...its like being in a divorce and delivery is when u are finally free from these PRE-ORDER nightmares

 

Oh My God ...how fucking deluded are you !!!

So i get it just like a battered wife ...its our fault for being critical and calling them on the 100's of missed promises and lies

You are sooooooooooo awesome !!!! 

Try being less dumb. Try being more informed. This will happen every time one of you noobie/sockpuppets show up spewing random nonsense about how "she was asking for it because of the way she was dressed".

No, you need to read history before you try to explain it.

It is not ironic. It is just logical. Less victims means less money for BFL. Investors are not to blame for how BFL spent their investment.
If BFL is indeed in a cash crunch then they have lied about it, further absolving investors.

All BFL would have to do to break the cycle is hire a communications person who does not insult, ridicule, ignore, and taunt their customer base. Or might that be too obvious? You don't see the same time of poisonous hatred for Avalon (quite the contrary in fact) because when they miss a date, they don't show up on the forums to insult their investors.

I actually see that as a positive for BFL to know that at least one of their execs is on the ground reading forums, knowing what the market thinks, even if he does go over the top with abuse from time to time, it's better than sitting in an ivory tower totally out of touch with the user base.

Currently the only difference between Avalon and BFL is Avalon does not tell us something is going to happen and it doesn't and they don't tell us to "fucking get a clue"

Otherwise they are equal in poor communication, poor customer service, poor delivery time frames, over promising and under-delivering.

I don't think Ponzi is accurate.  Ponzi schemers don't bother building a working product or buying whatever investment they market to attract future investors...much less embarking on custom wafer-level IC design or build factories.  In a Ponzi, investing the principal on anything is a waste, since most of it is what schemers want to steal for themselves.

Maybe a blend, in commercial realm, of a sales crunch (i.e. torrents of bad-press suppressing future sales), plus a bank run (bad-press & incompetence triggers a flood of forced refunds of prepaid orders).

You just admitted that BFL is running a Ponzi scheme. Welcome to the BIAS (Bfl Is A Scam) club.

Nice k9, you sure make it easy to prove a point about posters itching to spew acid out of self-fabricated supposition and spite.

Yes I am new to this forum.  Does one need to drool BFL PTSD, or own coins mined with CPU's to post here?

What is incorrect about pointing to the irony that customer anger causes future sales to crash, which in turn cause further delays due to BFL's lack of cashflow needed to ramp-up?

It's a poisoned vicious cycle, part-n-parcel of this business that's about to implode, but still highly likely what is going on right this minute.

Furthermore, it's my on-topic opinion with respect to the original title of this thread.