If they're scammers:
-They control the users who post fake reviews of the jalaps (I believe so)
-You lost your money
If thy're legit:
-They are shipping the jalaps and early the ASICs and the difficulty will increase every day
-You lost your money
If it's a scam or they're legit you always lost your money.
Topic: Butterflylabs Huge SCAM - page 140. (Read 415652 times)
I disagree, they are trying hard to finalize their product, and they'll release as soon as it's ready to be released.
all those links are shit, dude
You're talking to a chinese spambot...
I would not say BFL is scam.
They just dont have experience with asic, so they learn from mistakes. They cant say truth as well because they would risk many refunds and thus business failure. This explain the situation imho
They just dont have experience with asic, so they learn from mistakes. They cant say truth as well because they would risk many refunds and thus business failure. This explain the situation imho
All businesses are ponzi schemes, in a way. What I mean is, they sell a product/service, generate revenue. That revenue is needed to pay their staff, overhead (electric bill, office space, taxes, etc), and that revenue is necessary to fund parts necessary to build more product to sell.
As with all ponzi schemes, if new customers stop buying into the scheme, the ponzi scheme falls apart. Well, if new customers stop buying a product/service, then that business also falls apart.
Now I'm not really suggesting that all businesses are ponzi schemes, but my point is that depending on how you define a ponzi scheme, all legitimate businesses could be classified as such. Obviously, most rationale people would not consider legitimate businesses as ponzi schemes. What distinguishes a true ponzi is that the "product" or "service" does not really exist. Madoff's ponzi was reporting profits that did not exist, and distributing profits that did not exist (he was just giving customers other people's money).
We know BFL jala exists. We have seen it on Youtube and developers' reviews.
As with all ponzi schemes, if new customers stop buying into the scheme, the ponzi scheme falls apart. Well, if new customers stop buying a product/service, then that business also falls apart.
Now I'm not really suggesting that all businesses are ponzi schemes, but my point is that depending on how you define a ponzi scheme, all legitimate businesses could be classified as such. Obviously, most rationale people would not consider legitimate businesses as ponzi schemes. What distinguishes a true ponzi is that the "product" or "service" does not really exist. Madoff's ponzi was reporting profits that did not exist, and distributing profits that did not exist (he was just giving customers other people's money).
We know BFL jala exists. We have seen it on Youtube and developers' reviews.
K, let me be the millionth person to say that BFL is not a scam. They just suck at business and customer service.
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all those links are shit, dude. Beats is nothing more than enhanced bass being pimped out by the Dr Dre name. They suck ass. I got a free pair of Beats Tour Earbuds and won a pair of Beats Pro headphones at an HP event, and man, they are nothing special at all. I refuse to even wear the headphones in public, because i think people who wear giant studio headphones out and about look like wannabe DJ douchebag assholes. The earbuds have no better audio quality than my $100 Sennheiser buds. Christian Louboutin are the ugliest farking shoes I have ever seen on a woman. And trust me, with my fiancee shopping for wedding shoes, I have had to look at some ugly farkin' shoes. Even Louis Vuitton is pretty much crap these days.
But back on topic. As I've said before, I'm optimistically hopeful that my 2 x Jalapenos will ship. If they don't, I'll be very disappointed, but I'll quickly get over it.
LOL @ the guy who claims to "don't care if any of you if any of you get your miner" yet continues to post the same old tired BFL-hate over and over again, like repetition somehow makes it more valid. Did Josh knock your sister up or something, MooC?
Just ordered one, and waiting ......
Jalaps seem to mature, but it seems there are issues with the other 2 SC ASIC miners.
Actually with 3 - 25G, 50G and 1.5 TH.
I still wonder how minirig will look like
Wake up, minirig won't exist for a long time, at least for this generation of ASIC.
If you want 1.5 TH you will need a mining farm, not a single machine that can be used on a residential installation. Too much electricity.
Really, everybody needs to calm donw. I know when I started reading about the whole bitcoin stuff I was also a bit confused, but it's just a matter of reading with a critical mind and becoming informed. BFLabs is not a scam. I know of people that have their Jalapeños working, I ordered one myself... Calm down boys....
Really I guess I should believe you. I'm not disputing that they won't deliver a working product. What I am saying is since I been following BFL which was Oct of 2012 I been hearing every month that they were just weeks away from delivering a working product.
How many ordered in Dec that heard they were shipping in Jan?
How many have ordered in Jan that heard they were shipping in the end of Feb?
How many ordered in Feb hearing they were shipping the end of April?
How many are ordering today because of seeing a working unit on youtube?
How many are hearing now that shipping would be late July if you order Today?
This is the crime I'm talking about but this was being done from last year as early as August of 2012. Stringing customers along for a year lying along the way.
I remember at one point I was really interested in buying the 5gh/s ones for some casual mining. It did seem sort of fishy just reading their description and having none of the useful information about their product that one would really want. Extremely glad I didn't invest in one of them from what I have seen so far.
What i understand is based on many calculations even if they aren't scammers, if you purchase anything lower than 500GH/s it won't be worth it, since by the time you receive the equipment, difficulty will go through the roof, you won't be making much. The only ones who will truly benefit are the ones who get it early.
Not to mention that it's in their self interest to delay the shipping as much as possible, either to use the rigs for mining or just to have less competition for their own stuff, although the latter is prob less of a factor.
I remember at one point I was really interested in buying the 5gh/s ones for some casual mining. It did seem sort of fishy just reading their description and having none of the useful information about their product that one would really want. Extremely glad I didn't invest in one of them from what I have seen so far.
What i understand is based on many calculations even if they aren't scammers, if you purchase anything lower than 500GH/s it won't be worth it, since by the time you receive the equipment, difficulty will go through the roof, you won't be making much. The only ones who will truly benefit are the ones who get it early.
Even if it's not a scam, I'd never pay for a product that's not even in production yet, not to mention the ridic shipping times.
But each to his own, I guess.
But each to his own, I guess.
I remember at one point I was really interested in buying the 5gh/s ones for some casual mining. It did seem sort of fishy just reading their description and having none of the useful information about their product that one would really want. Extremely glad I didn't invest in one of them from what I have seen so far.
Whether it is scam or not. I'm glad i did not invest money. Not worth the troubles.
K, let me be the millionth person to say that BFL is not a scam. They just suck at business and customer service.
Really, everybody needs to calm donw. I know when I started reading about the whole bitcoin stuff I was also a bit confused, but it's just a matter of reading with a critical mind and becoming informed. BFLabs is not a scam. I know of people that have their Jalapeños working, I ordered one myself... Calm down boys....
Just to clarify (and get my 5 posts. sorry):
There hasn't been one single confirmed delivery? The specs are a little too good to be true so it wouldn't surprise if they are just that. I mean If you bought the 5GH model it would be payed after one week of mining at the current rate.
There hasn't been one single confirmed delivery? The specs are a little too good to be true so it wouldn't surprise if they are just that. I mean If you bought the 5GH model it would be payed after one week of mining at the current rate.
Me myself would fall for BFL promised spec if I was there many months ago to put first preorder. First thing is they made very sucesful FPGA, and according to that I would trust the they shall make good ASIC. Well, from todays point of view, I am still not happy I was not there for BFL to scam me. Why is that? Well, fact is if they would deliver me my unit for 1250$, hashing 60gh/s, even in jully 2013, I would be happy. Unit could be 160W, not 80W, I would be happy. Ppl say "you could buy BTC and wait and get more money". Ok, but who did? Me myself earned arround 1100$ trading LTC for few days, and lost over 1500$ in 1 day 
. Not everyone is made for trading. So now, have to admit, I trust BFL will deliver and ppl from batch1 will be happy. Rest that put orders later? not so sure... But one thing I did not fall now was Avalon for 8000$, to be delivered some june or jully. That is way too expensive.
. Not everyone is made for trading. So now, have to admit, I trust BFL will deliver and ppl from batch1 will be happy. Rest that put orders later? not so sure... But one thing I did not fall now was Avalon for 8000$, to be delivered some june or jully. That is way too expensive.
Honestly anyone with a brain ordering anything from BFL has doubts and those doubts are there for a reason. BFL has lied perpetually for a year. Josh is just the politician that keeps the government going. Everyone knows the politician is lying and is going to stab them in the back but what choice do they have really.
That gut feeling is there for a reason..
Hey criminal? You there or what? Hey take those Mining rigs off your pool and ship them its criminal to use other peoples equipment to mine bitcoins.
You see you won't get any answers from Josh, Inaba or what ever sock puppet he uses.
That gut feeling is there for a reason..
Hey criminal? You there or what? Hey take those Mining rigs off your pool and ship them its criminal to use other peoples equipment to mine bitcoins.
You see you won't get any answers from Josh, Inaba or what ever sock puppet he uses.
Quote
Look up the meaning of ponzi scheme. No really look it up. You need to actually read it and understand it. Then pick your date. I can't make it any more clear.
If they have a working product and are able to deliver all of said product to the consumers who have ordered it while maintaining a profit, then by definition they are not a ponzi scheme. I strongly suggest you look up what a ponzi scheme is before attacking me.
If they cannot deliver by some date we choose, then we have the right to request a refund in mass. If BFL cannot refund our money and have no product, then yes they are a ponzi scheme. Then I and my lawyers will call for a both an investigation by the government and also a class action lawsuit. The management will return to prison and we will address the ASIC issue in a more transparent and open way.
Are you sure you read it correctly? Actually its worse than a ponzi scheme it gives no returns on investments.
I don't like insulting people, but you are an exception. You're an idiot: First of all, it says right on your pic that a ponzi scheme "Pays returns to its investors with from their own money or the money paid by subsequent investor." PAYS INVESTORS. You even highlighted and underlined it like the *retard* you are. When the hell did BFL give ANY money to ANYONE that hasn't specifically requested a return? NOWHERE do they have ANY kind of claim of the nature. They offered a product and took money for it. Although it took them a while to start shipping, THEY ARE SHIPPING.... PRODUCTS!!! NOT MONEY!!! IDIOT!!! Not only did you succeed in making yourself look like a stupid asshole, but you also succeeded in pissing me off (among others, I'm sure) by posting a retarded thought that your stupid brain dropped onto a keyboard like the shit from an ass drops into a toilet.
*rant over*
Hey if you want to follow it to the tee. They take new investors money to keep operations going for more than 1 year. Have you run a business for a year with zero income? Have they created any products and shipped out to pay bills, employees, taxes, electricity, supplies?
NO
They took and used pre-order money to supplement their operation FOR A YEAR!!!! and when someone asks for their money back they get more pre-orders letting them off the hook for the older pre-orders and that tends to dry up capital. So now they raise the prices to compensate for the lack of fund.
Now they could be at the end of their R&D and about to ship products now or soon in the future but why was I told in October many times that my pre-order was estimated for delivery in the last weeks of Dec 2012 and they purchased a new location and were expecting benches for assembling the units in Feb 2013? Is that a lie? or a stretching of the truth?
So the ponzi scheme here is the perpetual lying of estimated ship dates. To look at their website and watch the dates of estimate shipping being changed from March to April and soon it will be changed to May. This has been going since October and from what I hear before that.
So its not a investment ponzi scheme, its a pre-order scheduled ponzi scheme all the same a lie and a fraud.
I would say check the forums but as BFL is a great advertising payer (more money from products they have not sold) they have been removed from here.
as you put it rant over
I mean, it's not like BFL had a wildly successful and profitable FPGA business before launching the ASICs or anything. If they had, they might be able to use their profits from the FPGA era to build the ASIC era, but since they never had a profitable FPGA business this couldn't have happened, right? <-- This is sarcasm for the mentally impaired that might be reading this.
Oh wait, yes BFL did do all that... Oh shit... Mooc Tals actually is a moron. <--- This is not sarcasm, this is a simple statement of fact through the use of sarcasm.
They have a lot of questions to answer even if they deliver.
You do realize BFL is a privately held company and is under no compulsion to answer any questions, right? A lot of people don't understand the difference between a publicly traded company and a privately held company, I suspect you probably do, but many people don't, so I just wanted to be sure that everyone else understands that BFL is privately held.
What were you shipping in the end of Dec? When you purchased your benches in Feb? What was it that you were going to ship? To all those that made their decision to buy in Oct?
Lie some more criminal
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