Topic: [NEWS] Butterfly Labs - Shut Down by US Government - page 3. (Read 7727 times)
Black Arrow is even worse not only have they robbed their customers the few obsolete miners that have been shipped out have been exploding and bursting into flames. All while they sit back and laugh as they count the millions worth of BTC they've mined.
Finally! Wonder if the other manufacturers with bad business practices and ethics will learn from this ? They are not so untouchable after all
I doubt they will. Call it the Enron Syndrome: They think they are doing nothing wrong and are only 'pushing the boundaries' of rules and regulations. To folks like that, the hell with the intent of the regs! They feel it is a game to see how far they can go and still be within the letter of the law.Guess what BFL and Friends such as (ahem) AMT and Joshua Zipkin - you folks long ago crossed over from pushing to flagrant violation and unlike Enron you can't bury the facts in complex transactions.
Finally! Wonder if the other manufacturers with bad business practices and ethics will learn from this ? They are not so untouchable after all
I'm surprised that the hash rate on EMC hasn't dropped at all.
I'm not. If they are on there they are running small potatoes. I'm #4 there and running only 8TH. Biggest miner on EMC is 33 TH with #2 @ 20TH.Why are you still mining on EMC? I would be worried that it will shut down at any moment and any account balances will be locked up.
Seeing an ever dropping rate on network hash too mabye diff will spike down n we make more coins again seeing 3 or 4 PH or more and increasing coming down so who knows maybe will have a reduction in next diff jump and a few after it.
Would be nice to see diff jump back down a little
Would be nice to see diff jump back down a little
I hope this lowers the network hash rate
I'm surprised that the hash rate on EMC hasn't dropped at all.
I'm not. If they are on there they are running small potatoes. I'm #4 there and running only 8TH. Biggest miner on EMC is 33 TH with #2 @ 20TH.Why are you still mining on EMC? I would be worried that it will shut down at any moment and any account balances will be locked up.
Don't worry Sonny, you will only be wearing your stylish new orange jumpsuit for Two WeeksTM.
So the posts about the raid was real? I was sceptical at first, because I could find any source to confirm it. They really deserved it. BFL has tainted the bitcoin community for long enough.
Yes they were. The court's filings were sent to a long list of people including ex employees, but were sealed until today. Hence we knew about their existence but couldn't prove it.
So the posts about the raid was real? I was sceptical at first, because I could find any source to confirm it. They really deserved it. BFL has tainted the bitcoin community for long enough.
I'm surprised that the hash rate on EMC hasn't dropped at all.
I'm not. If they are on there they are running small potatoes. I'm #4 there and running only 8TH. Biggest miner on EMC is 33 TH with #2 @ 20TH. http://www.butterflylabs.com/management-view/josh-zerlan-3/
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
Still just an employee. As much as I'd like for Josh to put on his big boy orange jumpsuit, he appears to have no ownership in the company and thus his liability is minimal. Fancy title means little. He had no authority to do anything.
I can't find it right now, but someone with inside knowledge here on the forums stated that not everyone that had ownership in the company was charged, and then went on to state Josh was not charged in the same post. I am assuming he was alluding to at the very least Josh having at least a small ownership percentage.. he does seem pretty high up in the company.
Still just an employee. As much as I'd like for Josh to put on his big boy orange jumpsuit, he appears to have no ownership in the company and thus his liability is minimal. Fancy title means little. He had no authority to do anything.
Since part of the fraud revolves around intentionally delaying the delivery of hardware, his role at BFL would put him smack in the middle of things despite the fact that he doesn't own the company.
I think it would boil down to:
1.) Were there really delays in manufacturing the Monarch?
2.) When he made the public statements about delivery times, was he intentionally misleading customers?
The inability to deliver useful hardware in the stated time-frame would rest at the feet of the person in charge of such things, which would be Josh methinks. That would put Josh's role in the center of the fraud.
I like the way you think.
Still just an employee. As much as I'd like for Josh to put on his big boy orange jumpsuit, he appears to have no ownership in the company and thus his liability is minimal. Fancy title means little. He had no authority to do anything.
Since part of the fraud revolves around intentionally delaying the delivery of hardware, his role at BFL would put him smack in the middle of things despite the fact that he doesn't own the company.
I think it would boil down to:
1.) Were there really delays in manufacturing the Monarch?
2.) When he made the public statements about delivery times, was he intentionally misleading customers?
The inability to deliver useful hardware in the stated time-frame would rest at the feet of the person in charge of such things, which would be Josh methinks. That would put Josh's role in the center of the fraud.
http://www.butterflylabs.com/management-view/josh-zerlan-3/
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
Still just an employee. As much as I'd like for Josh to put on his big boy orange jumpsuit, he appears to have no ownership in the company and thus his liability is minimal. Fancy title means little. He had no authority to do anything.
Ur killin my buzz dude.
http://www.butterflylabs.com/management-view/josh-zerlan-3/
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
Still just an employee. As much as I'd like for Josh to put on his big boy orange jumpsuit, he appears to have no ownership in the company and thus his liability is minimal. Fancy title means little. He had no authority to do anything.
I'm surprised that the hash rate on EMC hasn't dropped at all.
You don't expect to have their farm in their offices and registered under the same company name right? But I hope someone will tip FTC about EMC!
IIRC Josh ran EMC well before he ever got involved with BFL.
he sold it to bfl
I'm surprised that the hash rate on EMC hasn't dropped at all.
You don't expect to have their farm in their offices and registered under the same company name right? But I hope someone will tip FTC about EMC!
IIRC Josh ran EMC well before he ever got involved with BFL.
Thats correct but IIRC he sold EMC to BFL shortly after he started to work there.
Aww, it's too bad that Josh is just an employee. I'd sure love to hear about him being raped is prison.
http://www.butterflylabs.com/management-view/josh-zerlan-3/
"VP Product Development" sounds like a bit more than "just an employee". In fact, isn't a severe failure of Product Development precisely the reason the company is now in this mess?
What a happy idea. We can only hope. Let's take up bounty for any inmate or guard that snaps a pic of Josh bent over a prison cot.
I'm surprised that the hash rate on EMC hasn't dropped at all.
You don't expect to have their farm in their offices and registered under the same company name right? But I hope someone will tip FTC about EMC!
IIRC Josh ran EMC well before he ever got involved with BFL.
Jump to: