Butterflylabs Huge SCAM - page 66. | Bitcointalksearch.org

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: SgtSpike on July 23, 2013, 02:41:52 AM

Quote from: darkmule on July 23, 2013, 02:36:48 AM

Currently, people getting their devices can probably expect some profit on them (at least if they didn't pay in BTC back before BTC went through the roof).

No one paid "in BTC". They paid in USD with BTC. It is as useless to compare an investment in BTC with an investment in a mining machine as it is to compare an investment in gold mining equipment with an investment in gold itself. Hindsight is 20/20, and no one knew that BTC would be worth as much as it is today when they ordered mining equipment with the price at $5. They chose to invest in mining equipment instead of Bitcoin itself, while Bitcoin itself has shown itself to be the more profitable investment. Both investments have proven to be profitable - just because the profit would have been higher in one investment does not mean the investment in the other is a loss.

Just saying. They'd have been in better shape just to sit on their BTC.

For that matter, they'd have been in better shape to use the same USD to buy BTC.

BFL is one of the kinds of things that happen in a "gold rush economy." You know who made the most profit on the gold rush (other than the real monsters who moved in like Hearst)? It wasn't the miners. It was the people who sold them equipment.

Funny how history repeats itself.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: darkmule on July 23, 2013, 02:36:48 AM

Currently, people getting their devices can probably expect some profit on them (at least if they didn't pay in BTC back before BTC went through the roof).

No one paid "in BTC". They paid in USD with BTC. It is as useless to compare an investment in BTC with an investment in a mining machine as it is to compare an investment in gold mining equipment with an investment in gold itself. Hindsight is 20/20, and no one knew that BTC would be worth as much as it is today when they ordered mining equipment with the price at $5. They chose to invest in mining equipment instead of Bitcoin itself, while Bitcoin itself has shown itself to be the more profitable investment. Both investments have proven to be profitable - just because the profit would have been higher in one investment does not mean the investment in the other is a loss.

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: fruitFly on July 23, 2013, 01:31:31 AM

I don't know much about BFL but from the little I've heard they sound like total crooks.

My friend ordered a 30GH asic on March 3, 2013, order#: 100019059

When do you think it will arrive? Might it not even arrive at all? If it does arrive might it be a piece of sh!^ like I've seen in someones experience?

I don't know, and I don't know. It probably won't be a piece of shit in terms of actually immediately catching on fire or something, although it might be off spec somehow. So far as I can tell, when they ship, they are not deliberately shipping bunk items.

The problem with the "will they deliver" game is it's conceivable that if enough people panic and demand refunds, and the money isn't there, it could knock down the company. Then the losers in the game will be those who didn't get a refund early. If they eventually do get production up to capacity and ship regularly, the losers will be those who refunded.

That's assuming the shipments aren't SO late that the difficulty has increased to the point they will never turn a profit. Currently, people getting their devices can probably expect some profit on them (at least if they didn't pay in BTC back before BTC went through the roof).

fruitFly

newbie

Activity: 2

Merit: 0

I don't know much about BFL but from the little I've heard they sound like total crooks.

My friend ordered a 30GH asic on March 3, 2013, order#: 100019059

When do you think it will arrive? Might it not even arrive at all? If it does arrive might it be a piece of sh!^ like I've seen in someones experience?

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: lucasjkr on July 22, 2013, 05:47:43 PM

Quote from: greenbtc on July 22, 2013, 06:10:15 AM

Quote from: QuestionAuthority on July 22, 2013, 12:34:42 AM

So does anyone think that maybe BFL isn't being quite honest?

...lol...You think?

To be honest, I'm waiting for the class action to be brought against them. They would certainly lose and it would bring down their house of cards once and for all (lots of people I'm sure would be pissed, but just as many would be happy I'm sure--maybe more).

They have done irreparable damage to the community unfortunately.

Curious. What is the irreparable damage?

It is not a secret that Bitcoin is struggling to improve its image among ordinary people and community newcomers. Unfortunately, it is rapidly becoming a synonym for fraud. BFL is the brightest example so far that bitcoin is the currency of choice among fraudsters. Instead of being spent on bitcoin development and improvement of wallet usability, millions of bitcoins and dollars have gone into the pockets of BFL crooks. Market penetration of bitcoin is far behind the successful trajectory of a newly emerged service on the Web.

The damage however is not only on the PR front but technical as well. The voracious greed of those crooks, using their customers ASICs at max to mine for themselves, is increasing the network difficulty beyond the cost effective level for ordinary miners and they give up. This leads to accelerated centralization of bitcoin mining. Centralization of bitcoin mining = bitcoin death.

jordaninthesky

member

Activity: 117

Merit: 10

Quote from: lucasjkr on July 22, 2013, 05:47:43 PM

Quote from: greenbtc on July 22, 2013, 06:10:15 AM

Quote from: QuestionAuthority on July 22, 2013, 12:34:42 AM

So does anyone think that maybe BFL isn't being quite honest?

...lol...You think?

To be honest, I'm waiting for the class action to be brought against them. They would certainly lose and it would bring down their house of cards once and for all (lots of people I'm sure would be pissed, but just as many would be happy I'm sure--maybe more).

They have done irreparable damage to the community unfortunately.

Curious. What is the irreparable damage?

A lot of people heard about BTC because of their claims, and then heard of their "failures". All in all with BFL's known tactics, as well as its favorite customer base makes everyone involved look depraved. What could have happened several months ago did not, and the great amount of disappointment reeks up the entire room. What could have happened yesterday, would have led to a completely different today. But tomorrow I will still remember yesterday, and what it could have been.

Oh yeah, you are luke-jr, right? You settled for less than right, because you are still better off than others.. In that case, of course it's not pompous to question everyone else's lack of fulfillment. /sarcasm

RangerTwentyTwo

newbie

Activity: 12

Merit: 0

Not sure what or whom to believe at the minute but it isn't looking good for BFL that's for sure!

Trillium

hero member

Activity: 546

Merit: 500

Quote from: bitbryan on July 22, 2013, 10:33:42 AM

ohhh my goonesss... bfl doesnt need your 1200$ ... just member that. turn on a mini rig and mine for 1 hour and they own your 1200!!!!

Exaggerating a bit, my calculations show that you'd earn ~$31 / hour which is about $736 per day.

lucasjkr

hero member

Activity: 644

Merit: 500

Quote from: greenbtc on July 22, 2013, 06:10:15 AM

Quote from: QuestionAuthority on July 22, 2013, 12:34:42 AM

So does anyone think that maybe BFL isn't being quite honest?

...lol...You think?

To be honest, I'm waiting for the class action to be brought against them. They would certainly lose and it would bring down their house of cards once and for all (lots of people I'm sure would be pissed, but just as many would be happy I'm sure--maybe more).

They have done irreparable damage to the community unfortunately.

Curious. What is the irreparable damage?

bitbryan

full member

Activity: 126

Merit: 100

ohhh my goonesss... bfl doesnt need your 1200$ ... just member that. turn on a mini rig and mine for 1 hour and they own your 1200!!!!

greenbtc

full member

Activity: 210

Merit: 100

Quote from: QuestionAuthority on July 22, 2013, 12:34:42 AM

So does anyone think that maybe BFL isn't being quite honest?

...lol...You think?

To be honest, I'm waiting for the class action to be brought against them. They would certainly lose and it would bring down their house of cards once and for all (lots of people I'm sure would be pissed, but just as many would be happy I'm sure--maybe more).

They have done irreparable damage to the community unfortunately.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

So does anyone think that maybe BFL isn't being quite honest?

gdpone

newbie

Activity: 48

Merit: 0

Quote from: jeremysmith on July 21, 2013, 03:17:00 PM

Quote from: jeremysmith on July 20, 2013, 12:12:46 AM

I put in a paypal dispute because they're not shipping singles and I'm pissed

Of course they haven't replied to the dispute or refunded me yet and have a week to do so

I emailed BFL asking them if I cancelled the dispute would I be able to keep my position in queue

This was their response:

https://i.imgur.com/NoDo3gm.png

I was half expecting them to beg me to cancel the dispute and offer to bump me up in the queue or something, instead I get them stating that they "can not comment" on it.

I'm guessing if I cancel the dispute, I won't be seeing a refund and my order and position in queue will "accidentally" get lost

Anyone think i'll retain my position in queue if I cancel the dispute?

Interesting how the order page says refunded: 1 when I haven't gotten anything back in paypal yet:

https://i.imgur.com/Sp5g9dY.png

https://i.imgur.com/Zgd8v0j.png

Quote from: jeremysmith on July 20, 2013, 12:12:46 AM

I put in a paypal dispute because they're not shipping singles and I'm pissed

Of course they haven't replied to the dispute or refunded me yet and have a week to do so

I emailed BFL asking them if I cancelled the dispute would I be able to keep my position in queue

This was their response:

https://i.imgur.com/NoDo3gm.png

I was half expecting them to beg me to cancel the dispute and offer to bump me up in the queue or something, instead I get them stating that they "can not comment" on it.

I'm guessing if I cancel the dispute, I won't be seeing a refund and my order and position in queue will "accidentally" get lost

Anyone think i'll retain my position in queue if I cancel the dispute?

Interesting how the order page says refunded: 1 when I haven't gotten anything back in paypal yet:

https://i.imgur.com/Sp5g9dY.png

https://i.imgur.com/Zgd8v0j.png

So nobodies put in a paypal dispute and then decided to cancel it? I'm wondering if I cancel the dispute will l still retain my position in queue? BFL hasn't refunded me yet.

Dont fall for it, keep the dispute open. They seem like exactly the type of company to be vengeful for excising your consumer rights. They did the same things to me, list it as refunded but they never refunded it. I had to have paypal go in and retrieve the funds through my dispute. I even emailed them about the refund and they stated they are not doing ANY refunds due to pre-orders having started to be shipped.

I URGE everyone who has been wronged by their lack of customer service and lack of product delivery to file a compliant with the BBB.

jordaninthesky

member

Activity: 117

Merit: 10

Quote from: tinus42 on July 21, 2013, 11:02:46 AM

Quote from: Xian01 on July 21, 2013, 09:29:36 AM

Quote from: tinus42 on July 21, 2013, 06:23:05 AM

Quote from: jordaninthesky on July 20, 2013, 11:13:28 PM

The name you wear is an anti-semitic joke.

How's that? Inaba is a Japanese name. Probably taken from some manga character.

http://en.wikipedia.org/wiki/Inaba

http://en.wikipedia.org/wiki/Joshua

So everyone with a biblical name (David, Matthew, Luke, etc) is an anti-semite if they do wrong because it might reflect badly on the Chosen People? Huh

Seems taking cultural sensitivity way to far to me. Roll Eyes

Josh, I derived from a hebrew word Joshua, is "'God' is salvation". Josh, is a secondary transliteration, and has become akin to meaning "joke" in the English language. I had read that Zerlan was Hebraic for "words from 'God'", but I cannot relocate the reference. Anyway... the trend in the history of the name of Josh is implicit. I know many of a Josh, and in America, Josh works. So did Enron.

There is power in a name. It shapes us. As much as I would have liked to deny this, I cannot do so anymore.

The anti-Semitic thing was more of a pissy retort to the situation involving Zerlan and Micon and how Zerlan spread the press that Micon was an anti-Semite.

jeremysmith

newbie

Activity: 7

Merit: 0

Quote from: jeremysmith on July 20, 2013, 12:12:46 AM

I put in a paypal dispute because they're not shipping singles and I'm pissed

Of course they haven't replied to the dispute or refunded me yet and have a week to do so

I emailed BFL asking them if I cancelled the dispute would I be able to keep my position in queue

This was their response:

https://i.imgur.com/NoDo3gm.png

I was half expecting them to beg me to cancel the dispute and offer to bump me up in the queue or something, instead I get them stating that they "can not comment" on it.

I'm guessing if I cancel the dispute, I won't be seeing a refund and my order and position in queue will "accidentally" get lost

Anyone think i'll retain my position in queue if I cancel the dispute?

Interesting how the order page says refunded: 1 when I haven't gotten anything back in paypal yet:

https://i.imgur.com/Sp5g9dY.png

https://i.imgur.com/Zgd8v0j.png

Quote from: jeremysmith on July 20, 2013, 12:12:46 AM

I put in a paypal dispute because they're not shipping singles and I'm pissed

Of course they haven't replied to the dispute or refunded me yet and have a week to do so

I emailed BFL asking them if I cancelled the dispute would I be able to keep my position in queue

This was their response:

https://i.imgur.com/NoDo3gm.png

I was half expecting them to beg me to cancel the dispute and offer to bump me up in the queue or something, instead I get them stating that they "can not comment" on it.

I'm guessing if I cancel the dispute, I won't be seeing a refund and my order and position in queue will "accidentally" get lost

Anyone think i'll retain my position in queue if I cancel the dispute?

Interesting how the order page says refunded: 1 when I haven't gotten anything back in paypal yet:

https://i.imgur.com/Sp5g9dY.png

https://i.imgur.com/Zgd8v0j.png

So nobodies put in a paypal dispute and then decided to cancel it? I'm wondering if I cancel the dispute will l still retain my position in queue? BFL hasn't refunded me yet.

Ytterbium

full member

Activity: 238

Merit: 100

For the price of a Jalapeno on Ebay you could preorder a KnC Mars, with 12x the hashpower, with $1k left over. Unless the difficulty goes up 12x between now and October, it's an insane thing to do.

tinus42

hero member

Activity: 784

Merit: 501

Quote from: Xian01 on July 21, 2013, 09:29:36 AM

Quote from: tinus42 on July 21, 2013, 06:23:05 AM

Quote from: jordaninthesky on July 20, 2013, 11:13:28 PM

The name you wear is an anti-semitic joke.

How's that? Inaba is a Japanese name. Probably taken from some manga character.

http://en.wikipedia.org/wiki/Inaba

http://en.wikipedia.org/wiki/Joshua

So everyone with a biblical name (David, Matthew, Luke, etc) is an anti-semite if they do wrong because it might reflect badly on the Chosen People? Huh