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Topic: My Beef with BFL (Constructive Criticism Only) - page 6. (Read 21625 times)

sr. member
Activity: 434
Merit: 250
Off topic: I like how this thread went to shit after, like, 4 posts. Though I suppose that's to be expected..

On topic:
I have no doubt that they're working on developing some "top tier" tech (compared to everything else coming / already out). My biggest qualms come from the blatant dispersion of misinformation and lack of solid evidence.

After everything that we've seen so far and the difficulties BFL has run into, there's no way they would have actually shipped in 2012..and my guess is that they very well knew that. Essentially they create intricate company timelines as to how everything will proceed, but consistently fail to take Murphy's Law into account during it all.

Their general incompetence was pretty clear when they put Josh in charge of PR. If you're representing a company and trying to create positive public relations, there's absolutely no reason to go about trolling. A PR person should be able to let insults roll off, like "water on a duck's back". Simple as that.

I don't think the thread went to shit exactly, that won't happen until Josh shows up. There's a whole lot of anger being directed at BFL and justifiably so, they've caused damage that extends to those that didn't even order from them IMO. I believe we have to get past this notion that their delays are caused by incompetence. While I've said the same thing myself in the past, in hindsight, I think it's pretty clear that they just want everyone to believe they're incompetent. Seriously, there's no way Josh could have believed there was any chance whatsoever that BFL would be able to ship a finished ASIC product before 12/31/2012 when he routinely implied as much in early and mid December. He's done the same thing over and over. There's simply no way. Josh is many things, but he's not dumb. When did they set up their new facility again?

At this point I'd like someone to explain to me like I'm five how there's any chance at all that BFL didn't deliberately dismantle the FPGA market and cause a whole lot of people to lose mining revenue by making what in hindsight were awful decisions based on misinformation supplied by BFL to support their blatantly premature ASIC announcement. I believe they had a very limited supply of FPGA chips and when their source dried up they concocted this elaborate scheme to damage their competitors and gain the upper hand in the future ASIC mining market. They very plainly had next to nothing done in fall of 2012, yet they consistently pretended as though they could be ready to ship at any time. This isn't tomfoolery, or shenanigans, it's fraud. They've cost people a lot of money with their market manipulation games.

You're obviously bright Korbman, and I know you have BFL orders, can you explain to me where I'm wrong here?

...also as to Josh specifically and his PR job, I think he's done an absolutely masterful job of isolating and attacking any and all outspoken outliers here. If someone asks tough questions about BFL, particularly about their financial solvency, Inaba nearly always shows up and begins with the verbal assault. Shortly there after the thread is moved to the "troll museum" or newbies begin to attack Josh's target like a string of over protective groupies. Think about his comments about how a few posters here allegedly increase BFL sales by asking tough questions about BFL. That stuff is brilliant because it sticks with people and plants a seed of doubt in their minds.  

Sorry Dalkore, it isn't my intent to thread crap. This response may be better suited for the scam accusation sub.
sr. member
Activity: 367
Merit: 250
Find me at Bitrated


It's a tough scenario to envision.  Just 4 months ago BFL looked like a dominant player in the ASIC industry, Avalon too had customer service problems in that there was no proof/pic/video of a working unit.  People looking to invest may have been drawn to BFL because they were doing the most advertising, had the most polished website, and actually had a track record with selling FPGA units.
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
Off topic: I like how this thread went to shit after, like, 4 posts. Though I suppose that's to be expected..

On topic:
I have no doubt that they're working on developing some "top tier" tech (compared to everything else coming / already out). My biggest qualms come from the blatant dispersion of misinformation and lack of solid evidence.

After everything that we've seen so far and the difficulties BFL has run into, there's no way they would have actually shipped in 2012..and my guess is that they very well knew that. Essentially they create intricate company timelines as to how everything will proceed, but consistently fail to take Murphy's Law into account during it all.

Their general incompetence was pretty clear when they put Josh in charge of PR. If you're representing a company and trying to create positive public relations, there's absolutely no reason to go about trolling. A PR person should be able to let insults roll off, like "water on a duck's back". Simple as that.

Thank you for your comments Korbman.   Also, I went through and pruned some of the off-topic comments.  I will keep on it.
legendary
Activity: 1064
Merit: 1001
Off topic: I like how this thread went to shit after, like, 4 posts. Though I suppose that's to be expected..

On topic:
I have no doubt that they're working on developing some "top tier" tech (compared to everything else coming / already out). My biggest qualms come from the blatant dispersion of misinformation and lack of solid evidence.

After everything that we've seen so far and the difficulties BFL has run into, there's no way they would have actually shipped in 2012..and my guess is that they very well knew that. Essentially they create intricate company timelines as to how everything will proceed, but consistently fail to take Murphy's Law into account during it all.

Their general incompetence was pretty clear when they put Josh in charge of PR. If you're representing a company and trying to create positive public relations, there's absolutely no reason to go about trolling. A PR person should be able to let insults roll off, like "water on a duck's back". Simple as that.
member
Activity: 75
Merit: 10
They have accepted, and continue to accept an unlimited number of pre-orders.  To the tune of 10s of millions of dollars I expect.

It is one thing to take a limited number of pre-orders to help with non-recurring engineering costs.  If that is done, and you are honest with those early customers about the risks of failure and the consequences to them if you are unsuccessful it could be a reasonable risk sharing mechanism.  Taking an unlimited amount of money in advance is profoundly suspicious.  If they never deliver will Josh refund the salary and business expenses he has collected from unwitting dupes?

Continuing to take orders now, after failing to meet dozens of milestones, without disclosing the size of the order backlog, without any forecast of time to delivery from payment is simply wrong.  

Even if the whole thing isn't an intentional scam, it has become one now.  One more round of Avalon deliveries and BFL investors are unlikely to ever recover what they paid in BTC.

This ^.

I'm surprised that this forum (THEYMOS yes you or other mods) have not labeled BFL, Inaba, etc as scammers. Since when does BFL get a free pass when it comes to not meeting promised deadlines? Pirate was given 3 weeks and BFL is given 5 months? Something isn't right here.

BFL needs to be disallowed to advertise on this forum their BULLSHIT ads which are misleading.

This whole ordeal with BFL feels a lot like PirateAt40 but only 10 times bigger.

Watch out guys...I think the tsunami is on its way. You may not have felt the earthquake but the result is on its way.

Get your popcorn ready for a ton of shit to start flying should BFL continually delay or even run with the funds.

 Grin


Of course, they are trying to squeeze every last bit. A lot of people have started calling them out in the last few days, and I see their activity here on the forum has decreased. I think they are aware that they have had the most of it, and are not gonna get any more... and are already packing their bags right now.
full member
Activity: 189
Merit: 100
The adverts really make me wonder just how much money they are pissing away each month that they need that level of new money.  Its almost like a ponzi.

either a ponzi or just digging into some quasi martingale bet...
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
The adverts really make me wonder just how much money they are pissing away each month that they need that level of new money.  Its almost like a ponzi.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
They are inexcusable .. they just hosed down then entire BFL brand with fecal matter.. its gonna a hard road of return and gripes and cancellations and spitting, cursing and possibly a vacation to an undisclosed location!

to be honest the biggest part is the "dialog"


The silence breeds a certain kind of doubt!! When i say breed! Terrible ideas start forming in people head and it gets to riot level and BFL splurts out a lie and the anxiety gets worse, rinse and repeat every month and ... (ouch) ..  

 Edit: and too be quite frank the adverts everywhere.. not just here but everywhere is just a spit in the face of all the investors (cough*)customers!
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
They have accepted, and continue to accept an unlimited number of pre-orders.  To the tune of 10s of millions of dollars I expect.

It is one thing to take a limited number of pre-orders to help with non-recurring engineering costs.  If that is done, and you are honest with those early customers about the risks of failure and the consequences to them if you are unsuccessful it could be a reasonable risk sharing mechanism.  Taking an unlimited amount of money in advance is profoundly suspicious.  If they never deliver will Josh refund the salary and business expenses he has collected from unwitting dupes?

Continuing to take orders now, after failing to meet dozens of milestones, without disclosing the size of the order backlog, without any forecast of time to delivery from payment is simply wrong.  

Even if the whole thing isn't an intentional scam, it has become one now.  One more round of Avalon deliveries and BFL investors are unlikely to ever recover what they paid in BTC.

This ^.

I'm surprised that this forum (THEYMOS yes you or other mods) have not labeled BFL, Inaba, etc as scammers. Since when does BFL get a free pass when it comes to not meeting promised deadlines? Pirate was given 3 weeks and BFL is given 5 months? Something isn't right here.

BFL needs to be disallowed to advertise on this forum their BULLSHIT ads which are misleading.

This whole ordeal with BFL feels a lot like PirateAt40 but only 10 times bigger.

Watch out guys...I think the tsunami is on its way. You may not have felt the earthquake but the result is on its way.

Get your popcorn ready for a ton of shit to start flying should BFL continually delay or even run with the funds.

 Grin
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
12. Their COO is taking a significant portion(10%+) of the first batch of chips for himself. His interests are completely at odds with customers who's money he has held for 9 months.
Wow I didn't realize this.  Go Team Avalon!  Contrast:

"Fun fact: none of the Avalon team have their own mining units (outside of test units)."
This is simply not true. Yes, Josh is receiving several batch 1 units, but he is not taking these units for his own personal profit, nor is he getting any special place in line. Back before Josh started working for BFL, he started an IPO that bought several BFL pre-orders. These are the units that people keep referring to, but it is extremely twisted point of view.

https://bitcointalksearch.org/topic/glbse-bflsrig-bfl-hardware-mining-sales-89902

Side note: You wanna cheer for Avalon, because they're so fair and not taking any mining hardware for themselves? Well why would they have to mine when they could sell you a $1500 unit for $6600 (88BTC). A $1500 unit should cost 20BTC, so where are those extra 68BTC going?

How many BTCs were the first BATCH of BFL orders going for? 200btc? 300btc?....and that is just singles. lol  Cheesy
legendary
Activity: 1890
Merit: 1003
I am pretty sure a resounding yes would follow your question.
hero member
Activity: 756
Merit: 501
Continuing to take orders now, after failing to meet dozens of milestones, without disclosing the size of the order backlog, without any forecast of time to delivery from payment is simply wrong.

Oh, they're forecasting delivery all right.

https://forums.butterflylabs.com/pre-sales-questions/1084-if-i-order-now-when-will-i-get-my-order.html
Quote from: BFL_Josh
The currently estimated shipping time frame if you were to order today is the end of April or Beginning of May.

Or the order page:

https://products.butterflylabs.com/homepage/60gh-bitcoin-miner.html
Quote
delivery may take 2 months or more after order.

There's no way an order placed now will be delivered in April or May or in 2 months.

This is much worse than I thought.

If they started shipping today, I doubt that orders placed yesterday would be fulfilled before October.

Every post and ad on this forum should include this disclaimer:

"Warning: BFL has NEVER delivered to a customer on the date they promised when they took their customer's money.  It is reasonable to assume they never will."

hmm.... what is the current bid for ad space here?  Anybody willing to help me buy an ad slot?

EDIT:  Bid 10BTC for 1 ad slot.  If you want to chip in I will use it to bid higher.  PM me.  Note that I will only use further Bitcoin pledged for this ad to either a) Force Josh to bid higher for all ad slots to bump the ad or b) make a bid in the next round for the same ad.

Anyone who can make a nice HTML format for the ad, or improve the text is welcome to do so!
legendary
Activity: 3878
Merit: 1193
Continuing to take orders now, after failing to meet dozens of milestones, without disclosing the size of the order backlog, without any forecast of time to delivery from payment is simply wrong.

Oh, they're forecasting delivery all right.

https://forums.butterflylabs.com/pre-sales-questions/1084-if-i-order-now-when-will-i-get-my-order.html
Quote from: BFL_Josh
The currently estimated shipping time frame if you were to order today is the end of April or Beginning of May.

Or the order page:

https://products.butterflylabs.com/homepage/60gh-bitcoin-miner.html
Quote
delivery may take 2 months or more after order.

There's no way an order placed now will be delivered in April or May or in 2 months.
hero member
Activity: 756
Merit: 501
They have accepted, and continue to accept an unlimited number of pre-orders.  To the tune of 10s of millions of dollars I expect.

It is one thing to take a limited number of pre-orders to help with non-recurring engineering costs.  If that is done, and you are honest with those early customers about the risks of failure and the consequences to them if you are unsuccessful it could be a reasonable risk sharing mechanism.  Taking an unlimited amount of money in advance is profoundly suspicious.  If they never deliver will Josh refund the salary and business expenses he has collected from unwitting dupes?

Continuing to take orders now, after failing to meet dozens of milestones, without disclosing the size of the order backlog, without any forecast of time to delivery from payment is simply wrong.  

Even if the whole thing isn't an intentional scam, it has become one now.  One more round of Avalon deliveries and BFL investors are unlikely to ever recover what they paid in BTC.
legendary
Activity: 966
Merit: 1000
23: They are not committing enough engineering resources to the project.  While they hold our millions in funds, their lead engineer Nasser is still living half a world away in France, working remotely for BFL nights and weekends while holding a day job at a bank.  Srsly, WTF?
hero member
Activity: 840
Merit: 1000

They've said the funds will be used for development of their next-generation ASIC.
hero member
Activity: 499
Merit: 500
Side note: You wanna cheer for Avalon, because they're so fair and not taking any mining hardware for themselves? Well why would they have to mine when they could sell you a $1500 unit for $6600 (88BTC). A $1500 unit should cost 20BTC, so where are those extra 68BTC going?

It's called profit.  It's what people do when they sell stuff.  If you don't like it, don't buy it - free market at work.
legendary
Activity: 952
Merit: 1000
12. Their COO is taking a significant portion(10%+) of the first batch of chips for himself. His interests are completely at odds with customers who's money he has held for 9 months.
Wow I didn't realize this.  Go Team Avalon!  Contrast:

"Fun fact: none of the Avalon team have their own mining units (outside of test units)."
This is simply not true. Yes, Josh is receiving several batch 1 units, but he is not taking these units for his own personal profit, nor is he getting any special place in line. Back before Josh started working for BFL, he started an IPO that bought several BFL pre-orders. These are the units that people keep referring to, but it is extremely twisted point of view.

https://bitcointalksearch.org/topic/glbse-bflsrig-bfl-hardware-mining-sales-89902

Side note: You wanna cheer for Avalon, because they're so fair and not taking any mining hardware for themselves? Well why would they have to mine when they could sell you a $1500 unit for $6600 (88BTC). A $1500 unit should cost 20BTC, so where are those extra 68BTC going?
sr. member
Activity: 472
Merit: 250

12. Their COO is taking a significant portion(10%+) of the first batch of chips for himself. His interests are completely at odds with customers who's money he has held for 9 months.


Wow I didn't realize this.  Go Team Avalon!  Contrast:

"Fun fact: none of the Avalon team have their own mining units (outside of test units)."
vip
Activity: 756
Merit: 503
PR is the worst in the industry. Josh actually don't know what PR means.
Unfair business practice to weed-out competition.

That's all.  Wink
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