Topic: Butterflylabs Huge SCAM - page 165. (Read 415663 times)

i notice their website is not working?

And since I am posting on this forum,

I can tell you that (its so exciting to tell you this) there are privatly held bitcoin asic chips running for almost a year, and the funny thing is that I cannot say for sure if they are legit, or try to mess with the system.

More:

fyi, such BFL contacs took place in April 2012. Way too soon to expect a full run by now.

I posted this message in BFL's forums, and I was banned. I think you deserve to read the post, and take your conclusions from this event:

------------------------------------------------
Dear fellows, (quick post because Im at lunch time)

working in a high IC brokerage company in California (I may not disclose details), I have access to privileged business information, even some under nda's.
I can tell you that BFL did contacted a few enterprises, but just for budget info. From then, no more contacts were carried on that I know of on this business area.

If this forum is really official, please note some points:
   - Agressive anti-return policy (changing threads' names, complicating procedures, etc..)
   - The development schedulle is quite odd: they did not made a first debugging batch just for testing purposes, as usually companies do before starting full production.
   - Although current state-of-the-art simulators contemplate a lot of phenomena, it is quite strange they can give so accurate specs without hands-on.
   - Please note https://forums.butterflylabs.com/off-topic/1262-extremely-dumb-questions-regarding-butterfly-labs-asics-2.html that some forum users are advocating BFL in a rather suspicious way, what suggests that they are either obsecated with this company, or they are just dummy users, registred by BFL.

You should be ready for some disappointing news: either the chips are not being made were BFL_josh says, or they just wanted to have a clue on plausible numbers, to perform what I could classify as dishonesty.
----------------------------------------------------

To what the last point is concerned (dummy users) please beware that they could have also dummy users (run by BFL) on this forum.

Best regards.

Exactly, and if they really have the mining hardware why sell it? They could become billionaires just mining using their own hardware instead of selling it and making the difficulty hit through the roof.

ANY CALIFORNIA MEMBERS?

BFL is staffed with chronic liars doing what chronic liars do. They're in violation of FTC prompt delivery rules and have been for months. Placing an order with them at this time is a huge risk as their cash flow could go negative at any time(if it hasn't already) or they could be shut down by the authorities.

http://business.ftc.gov/documents/alt051-selling-internet-prompt-delivery-rules

No.
They may be incompetent in giving time estimates.
You may personally dislike the fact they refund the USD value instead of the BTC value (but regardless of what you think, this is standard practice for merchants when pricing goods/services in currency X while the customer pays in currency Y).

But these facts alone are not sufficient to make them scammers. It is pretty obvious for long-time observers they have been working their asses off for months to try to deliver as soon as possible. They have no interest in intentionally delaying. The more they delay, the more customers ask for refunds. And refunding (giving back to customers the full device's USD selling price) is more costly than delivering (the device's manufacturing cost is lower than its selling price - that's their margin).

Two scenarios:-

You buy off BFL and it's a scam, you loose money.

You buy off BFL and it's legit, everyone get's a super miner piece of hardware, difficulty goes up, becomes useless...

You lose money. Either way. 

Oh yeah, ha ha, butterfly I was doing them now don't.

R u interest in good time? You want eggrollBTC?

Visit here why nots *insert link*

Who said scam? I don't know this scam. Who are you? Do not question my first post is coinurl...

Etc, etc...

Thanks for your information. I was ready to order my rig from butterfly.

I'm earning good bitcoin from this site. Are you interested?

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Know what, even if they deliver, tomorrow, they're still a fat fucking scam...



Hilarious.

BFL will eventually deliver. They are merely (very) late, not a scam. Perhaps you do not know their history as a successful FPGA vendor.

There ya go!

+1

DNSChanger?

= Problem solved

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Just be happy once we get removed of this Newbie restraint.