Topic: Butterflylabs Huge SCAM - page 116. (Read 415663 times)

they seem like complete crap

Lmao I laughed!

It may look like this douchebag is actually angry, but that is not the case.  It is a trick of a scam artist.

He merely feigns anger to distract attention from the fact that he's lying and refusing to answer questions by putting attention instead on what a douchebag he's acting like.  If attention is shifted to Josh being a colossal douchebag, which in fact he is, he deflects attention from the fact that worse than that, he's a thieving piece of shit.

will they ship anytime soon ??

on bitminer    there is an alias  realasciminer mining with 5.6 ths  yes ths !!!!!!!

this is NOT an investment. this is a product, an item which you buy from a company. whatever benefits you get from it are irrelevant, just as long as it works in the state which was promised at the time of sale.

an investment is a " i give you cash in exchange for more later, product or no product it doesnt matter "

the only investment going on is with your mind and the product. you cannot invest in a product alone.
thats called gambling.

The elephant in the room is;  What is going on with the customers money ?
because there is a ton of laws which exist to prevent these companies doing what the hell they want with it and as far as i can see they are all being broken.

i know exactly what they are doing which is why i put a simple & reasonable question about where they were with delivery dates and got hit with a ban. went to my bank the next day to recover the funds.

predictions
the people that ordered this year will not see any product until next year. (the numbers just dont add up)
as previous followers have said the projected delivery dates have been changed multiple times. which also confirms my horrors.
the only time when mass shipping will start (if at all) is when the difficulty changes to a new outstandingly sized margin.

this is what i would be doing if i was inclined at their level of dishonesty.

all i see is useless info on the updates announcements section.
a cluster**** of hopes and excuses for chips and boards.
there is NO way to fulfill the orders unless they were/are lying about current production figures.

now ask yourself "where is the product" and the answer becomes very clear.

I'm a lawyer. I ordered from butterfly labs.  Still haven't received mine.  Lots of theories floating around out there.

The idea behind BFL makes no sense in the short run. They will offer their products only when mining efficiency becomes much lower. In the mean time they can make a lot more money using their product, if it works.

Again, you completely sidestep my point.  I'm beginning to think it's intentional  

Which requires more effort: calling people idiots over and over, or hitting ctrl+v to paste a stupid answer to the stupid question over and over?

Which one looks more professional?

Ignorance is something they should have been fully prepared to deal with, as you pointed out we are talking about brand new technology, so what do you expect?  Now, I agree that some people are getting belligerent and crossing lines, but IMHO ignoring that kind of thing is the best response.

That is very disturbing. I would have started posting sooner but as many other I still believed its mostly bad luck and incompetence but I am slowly seeing patterns here and if one does not follow this close enough will miss them.

Patterns of timed advertising of great news. Almost euphoric in nature and I ate it up just like any new person waiting for any news. If josh just took the time to be more patient than just claiming everyone just get a refund, I would probably still be waiting.

What was wrong with just telling everyone that we wont see these units until next year the latest. Well for one reason which I can only speculate is the pre-orders would not come in until they post a date. Thats the rub. There is the problem.

How many have said "wow 147 dollars for a jala thats too cheap. Must be a catch some where" well again as speculation I would offer that would do two things.

1) Keep fresh pre-orders coming in
2) Kill competition (honest one)

Then add the ridiculous power estimates. Many others which I have read also sent u red flags that the power consumption could not be met. There are posts that point out that Josh was approached about this and offered to help with the design as they were presently employed by other companies doing exactly that.I believe they talked to Josh at one of the CES conventions maybe the year before this one.  Could that also help kill competition for fear of competing against such hubris expectations. You decide.

Notice Avalon raised prices after batch one? That is because you can't build these that cheap. However as we all have seen Chinese people are very resourceful.

How many times we hear "The week of" from Josh?

Well then their is the CES convention that just past and all they had was the Box of fans. Thats were that meme came from I guess. We can all joke about this but there are people out there that don't find this funny at all. I really want people to get their units, I really do.

How can anyone understand what their buying without knowing all this/

I like this.

I thought about ordering one of these my main issue is the wait time.


Has anyone taken into account the amount Bitcoins are and how much more you could have made when these went on sale. This company if they have this in Bitcoin that you paid for has made a mint off of you.

Lets say you paid for bit coin around Jan before the huge spike.

Then is was around $10USD a Bitcoin - so with that logic lets break down the products they are offering. Then how much you would have if you just sat on BTC and sold them today. These will be estimates and according to the markets avg.

5gh Miner Jan 10th order would have cost you 27.4BTC - at current markets that would = $3973 not $274

25gh Miner Jan 10th order would have cost you 124.9BTC -  at current markets that would = $18110 not $1249

50gh Miner Jan 10th order would have cost you 249.9 -  at current markets that would = $36234 not $2499


This is the main thing that bothers me. Not grant it, you could still get the product and make all that money back but they are sitting on a huge amount of money and have made way more off you. No one seems to mention or see this and it leaves me baffled


* side note, that current rate I used was today $145, if they had sells when it spiked to $200 or higher that would be much much more.


I do not think they are a scam, I just think doing a preorder of this nature is stupid.

Agreed+1

Suspected it for awhile, confirmed now.

Wow I hate scammers.

At first I wasn't certain BFL was a scam, but after reading the scam he had going before he was deported, I think it's safe to say they are a bunch of crooks. As the old saying goes, a leopard never changes it's spots.

It's called Public Relations and many businesses seem to handle the challenge without much problem.  

The fact that BFL would put an offensive creep like Inaba out front to represent their company is enough in itself to make me avoid ever doing business with them.
All the lies and other irregularities just cements that decision.
  
  

I got refunded... will probably reorder if they ever get through their backlog, it there isn't anything better available on the market at that point

Expected to ship "the week of" the week that is 2 weeks from now 

They are shipping right now, aren't they?