Topic: Open letter to Theymos regarding Butterfly Labs (BFL) (Read 15306 times)

Don't get me wrong I don't disagree with you here at all. However this is how it works. Organized criminals always bend the rules. People on the take are always patsies and honest people see the crime and turn their heads and ignore it. When no one feels it their concern to bring justice it always ends up that way. I'm just tired of telling benign idiots that they're getting fucked when they just tell me to shutup and cancel my orders so their greed can be compensated at an earlier time. Fuckem let them burn, let them all burn.

The problem isn't whether idiots deserve punishment (they do), the problem is whether idiots deserve to be delivering the punishment (they don't). That's the problem here, that people like Sonny, Inaba, gigavps, Harnett, Kenna, Owens, Rosenfeld, Usagi, tawsix what have you fill the list to the hundred+ names made even a single bitcent off this entire thing is what's wrong.

Because, again, these malignant idiots (to be distinguished from the "benign" idiots they raped) turn around and support the wrong things with their ill-gotten gains. Much more credible swindles and scams like the "bitcoin foundation" etc.

I want to ask everyone here a few questions. I don't really need anyone to reply as it will attract people that will say negative responses.

When you placed your orders for minirigs or singles(like me) did you get any gut feeling when things were going wrong? I had a KNOT in my gut for 30 days after the 1st month. It became worse when I found out about Sonny and it grew in intensity after every delay from BFL.

Did anyone else feel that? I sure did.

Did anyone feel like they were being attacked by BFL parrots spouting "just request a refund so I can be move further ahead of the que" and how you had to have faith in BFL as they are not a scam as they have delivered before?

Anyone?

I always trust that feeling. This is why I believe people deserve the punishment in the form of lost funds. I know its harsh but this is not suppose to be a lottery. You purchased a product and it was to be delivered to you. So faith has nothing to do with it.

Yeah, karma doesn't bring your money back when you send someone $20k.

Learn it already.

Except that BFL has stated they have not used pre-order money for R&D or operational costs.  IF we believe this then there still appears to be a pretty massive reason to run away.

1. Are they not still taking in funds, albeit at a much smaller rate? It's just about production now.
2. If they run they'll have some money and quite a lot of ASIC chips - they could make a lot of money mining Bitcoin (and panic might be caused if a few TH/s just drop on and off the network), or attacking the blockchain to commit fraud.
3. They might make more money by delivering it, but I doubt many people will order from BFL after this is cleaned up.

http://www.youtube.com/watch?v=IUvgF4u3mSc

How about a little easy listening music.

BFL probably already spent a very large proportion of the preorder money on R&D. If this is the case, they won't have much incentive to run away. They'll make more money by successfully delivering the product and then selling more.

Genius plan.

If that's the case, then BFL is blackmailing the entire Bitcoin community.

This calls for drastic action. Have tire iron, will travel. The plan is to stick in the gears of the windmill outside their facility. That'll slow 'em down.

I used to be in the camp of not rocking the boat. At this point the creature has been created and nurtured by decent peoples apathy and greed. In all honesty the damaged to bitcoin has already been done. BLF is and will continue to be what it is. I have no problem with that.

To sit here and complain its the Moderators fault is just stupid. The fault lies in the people that have given their money to this company and they deserve to feel the pain of bad judgement. As I am recalling that is what capitalism is all about. I was one of those that gave them money and also requested a refund. So although I have no skin in the game my judgement on what should happen is the same. I would deserve to lose my money. I would not be happy but I would deserve it for giving my money upfront with no guarantee of a ship date.

To have faith you say? Well faith is in god, this is business.

To the bitcoin community stop relying on authority to protect you, use your brain and protect your own interest.

I actually agree with you for once.

The thing is, if BFL becomes tagged, there isn't a problem of lower ad revenue, maybe they'll even get more donations.

It's a problem of a chain reaction, BFL might just vanish, and with millions of dollars. And if they do have the resources to make the ASICs or even have them at the moment, we could be looking at a serious attack (maybe not a 51% on Bitcoin, but they could give a pool the power to 51%).

Hell, if they're millionaires, they don't care about Bitcoin anymore. They can a) destroy it or b) take all the Bitcoins, both of which won't be good.

99% Fraud as viewed through the eyes of the majority. Stop defending these son's of bitches and their half ass way of doing business and the other half ass way of scamming people. I'm gathering info and going to wreck them on bitcoinscammers.com

I personally like Theymos, and casually chat with him on IRC at times. However, i must remind everyone that he is a younger guy. I also must remind people that this site is less than 2 years old, and was never meant to be the defacto standard in BTC interpersonal relationships. Some people hold too much weight in the 'authority' of this forum. Always do your due diligence.

As far as BFL goes, a few things are pretty clear.

1. they waited until other ASIC companies figured out the recipe, then began production of their own.
2. they most certainly funded "R&D" with preorder money
3. they have been trading/selling/mining with customer's preorder money and their "test" equipment.
4. They have been beaten at their own game by the very companies they used to call "dumb, idiotic, scamming, little china men". Said companies not only beat out their ETA, but also pricing and dependability.
5. they have been so inept that literally any chance of a decent ROI is virtually gone, as the net diff is still skyrocketing. Youre only going to make money or make a difference supporting the network, if you were in their first month of preorders.
6. their company is founded and ran by people who have federal fraud convictions, with millions stolen from the less fortunate and elderly.
7. the company is dishonest in just about everything they do. From raising prices so that customers dont request refunds, to the shoddy implementation of the first vouchers program, and the current chip credits program. Also see the most recent charity bet payoff for more evidence of this.

I'm sure this list could be extrapolated upon greatly.