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Topic: Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence - page 30. (Read 146793 times)

hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Why would they not give it? Someone could submit a request and get it at any time, its public information.

I'll have to take your word on that as I'm not an American, but I find it hard to believe that a random person with no valid reason to demand the information could petition the court to reveal Sonny's parole officer.

On the contrary. Anyone can call the probation department and provide information/concerns to the PO. The PO will not provide any information, of course, but will listen.
Interesting. Does that mean you can just contact the federal probation services, or you can actually call up the probation officer working his case?

I've never done it myself, but from what I gather you can call the probation department and ask to talk to a PO handling a particular case.
member
Activity: 113
Merit: 10
Vleisides is on probation, not parole. His supervision was transferred from CA to the Western District of Missouri.
legendary
Activity: 980
Merit: 1020
What a lame debate. All we have to do is wait six weeks. If they ship it, apologize. If they don't, you can whine and complain and do whatever you guys do.
sr. member
Activity: 448
Merit: 250
Request information on the whereabouts of the paroled inmate through the United States Department of Justice. The FOIA (Freedom of Information Act) provides access to the records that you will need, as long as the right information is provided and there are no security reasons preventing their release. Write "Freedom of Information Act Request" on the envelope and provide a reason for the information you are seeking and the details of the paroled inmate

 eHow.com http://www.ehow.com/how_5749812_federal-inmate-parole.html#ixzz27AKtgCRc

If anyone has a stamp lol
legendary
Activity: 1274
Merit: 1004
Why would they not give it? Someone could submit a request and get it at any time, its public information.

I'll have to take your word on that as I'm not an American, but I find it hard to believe that a random person with no valid reason to demand the information could petition the court to reveal Sonny's parole officer.

On the contrary. Anyone can call the probation department and provide information/concerns to the PO. The PO will not provide any information, of course, but will listen.
Interesting. Does that mean you can just contact the federal probation services, or you can actually call up the probation officer working his case?
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Why would they not give it? Someone could submit a request and get it at any time, its public information.

I'll have to take your word on that as I'm not an American, but I find it hard to believe that a random person with no valid reason to demand the information could petition the court to reveal Sonny's parole officer.

On the contrary. Anyone can call the probation department and provide information/concerns to the PO. The PO will not provide any information, of course, but will listen.
full member
Activity: 322
Merit: 100
If it looks like a scam, and sounds like a scam, and smells like a scam... then its prolly a ____. (guess, its a 4 letter word)

There's no exceptions to that rule, even if ___ supposedly developed their own fpgas (which has been proven to be bupkis).

BFLs Game Plan.
1. Buy somebody else's shit.
2. Slap a sticker on that bitch.
3. Huh
4. Profit.

legendary
Activity: 2072
Merit: 1001
I've been posting negatively about this as much as anyone, but some of these are just ridiculous. They aren't going to give you contact information about his parole office any more than they're going to give you his wife's cell number.

BFL is an incredibly opaque company, their business practices come off as pretty skeezy, and one of their employees is most likely a scammy sack of shit, but that doesn't mean that this entire thing is a scam. It doesn't mean it isn't either and Inaba could likely do a hell of a lot better job of interfacing to the community to assuage those who are on the fence that it's not all a con, but if they don't there's not a whole lot that can be done about it.

Those with an ounce of common sense dont rush to give money to companies that could possibly have vaporware.
It is a shame that so many here, being so greedy and lacking in sound judgment, rush to hand over money without thinking it through, demanding proof or reasonable updates. Until many members here get burned multiple times it will not change even though i am finally seeing some change. It only took the pirate fiasco to really start the ball rolling after so many other examples.

Those who ordered will not ask for refunds. Greed has them and they like the risk like a drug user likes the high.
So bfl WILL get to play this as they wish. Like you said, nothing to be done about it when you have so many people willing to hand over 1000s of dollars for the chance to make some peanuts.. Er btc...

Me? I will patiently wait for the dust to settle. I am content with my usd/btc in my pocket and not controlled by others who seem happy to consider their customers guinea pigs in the attempt to make a few bucks.

Bfl will probably deliver, albiet late as usual, for customers but they can do it on other peoples money. Not mine.
Bitcoin and scams are way to dominant around here for my taste.  And no matter the delivery the crap storm that will take place from most of the customers will be hilarious as the jealousy comes out versus those who have early versus those who do not.
Rest assured most early mined btc will be bfl's.


legendary
Activity: 1274
Merit: 1004
Why would they not give it? Someone could submit a request and get it at any time, its public information.

I'll have to take your word on that as I'm not an American, but I find it hard to believe that a random person with no valid reason to demand the information could petition the court to reveal Sonny's parole officer.
sr. member
Activity: 448
Merit: 250
Why would they not give it? Someone could submit a request and get it at any time, its public information.
legendary
Activity: 1274
Merit: 1004
I've been posting negatively about this as much as anyone, but some of these are just ridiculous. They aren't going to give you contact information about his parole office any more than they're going to give you his wife's cell number.

BFL is an incredibly opaque company, their business practices come off as pretty skeezy, and one of their employees is most likely a scammy sack of shit, but that doesn't mean that this entire thing is a scam. It doesn't mean it isn't either and Inaba could likely do a hell of a lot better job of interfacing to the community to assuage those who are on the fence that it's not all a con, but if they don't there's not a whole lot that can be done about it.
sr. member
Activity: 448
Merit: 250
legendary
Activity: 1386
Merit: 1004
INABA and BFL both stated that butterfly labs make custom chips...
yet........ its not a custom chip designed by BFL

it's a altera atratix3 EP3SL150F780 FPGA.

so goodluck BFL talking yourselves out of your websites quote for last 11 months:
quote: Butterfly Labs manufactures a line of high speed encryption processors for use in research, telecommunication and security applications.


The website says 'encryption processors', and in technical speak that can be EITHER a chip or a finished product.  Clearly BFL manufactures the finished product, going so far as to populate chips onto a board and final assembly.  That is more then most companies do, most just have the whole thing built in China.   Their quote is not even a stretch for marketing speak. 


As for any talk about the availability of the EP3SL150F780 it is all over Alibaba.com and they could easily get both the quantity and the price required to build as many BFL Singles as the community could order. 

 
legendary
Activity: 2072
Merit: 1001
legendary
Activity: 2030
Merit: 1000
My money; Our Bitcoin.

...snip: lots of indignant dodgy non-responses...

My response:  Absolutely fucking ridiculous.


Wow, I was undecided until reading this "response", Inaba. Now, my current viewpoint is that it's EXTREMELY unlikely that a legitimate business, especially a startup, seeking long-term customer relationships would respond anywhere near as angrily and childishly as you just did.

+1 

Inaba, even if you think this forum is "unbecoming of a venue for public discourse" you are still here speaking on behalf of BFL. 

Your lack of professionalism alone is enough to make me not want to ever do business with BFL. 

But add to that the news about the convicted scammer in charge... and his delay in responding to concerns... well Jesus! 
How could you ever think people would 'not' be upset, especially given the recent history of scams in Bitcoin land??? 

legendary
Activity: 4424
Merit: 4794
INABA and BFL both stated that butterfly labs make custom chips...
yet........ its not a custom chip designed by BFL

it's a altera atratix3 EP3SL150F780 FPGA.

so goodluck BFL talking yourselves out of your websites quote for last 11 months:
quote: Butterfly Labs manufactures a line of high speed encryption processors for use in research, telecommunication and security applications.

if you cannot design a custom chip and need to import it at FPGA level. then designing a ASIC chip will be even harder to produce.

would love to see their dust free lab where they make their chips..



legendary
Activity: 1722
Merit: 1004

...snip: lots of indignant dodgy non-responses...

My response:  Absolutely fucking ridiculous.



Wow, I was undecided until reading this "response", Inaba. Now, my current viewpoint is that it's EXTREMELY unlikely that a legitimate business, especially a startup, seeking long-term customer relationships would respond anywhere near as angrily and childishly as you just did.

On the off-chance that BFL *is* legit, they need to fire you, or at least take away your ability to say anything on their behalf anywhere. That post was the type of "response" that ends careers.

member
Activity: 96
Merit: 10
Yes, taken into consideration the lack of info on your/competitors’ products the benefit of the doubt is a given. No point to post angrily over it.

Okay, Josh, I believe it was you, who had proven that initial (first generation) BFL’s product was real and the whole operation took off because of it. (Please do correct me if i’m wrong) While it does seems ‘unfair’ that after donning staff’s mantle you no longer enjoy the same trust, why can’t you consider doing the same with the current generation using another ‘trusted’ community member/pool operator? Why was not it done properly in London, where you had allegedly had a working prototype? Please do not just go ‘free strategic information’ again, there are plenty of ways around it, and all what such a demo could do (provided at least key info is true and you are not unreasonably late with your product) is not only to confirm your market share but also gain you plenty of new customers.
hero member
Activity: 756
Merit: 522
...And yes, there was a conference, a few hundred people attended including some top dev's and pool operators...

Were they real people or just virtual sock puppets?


They were ven developers.

Quote
Posting this here, as the thread was voted into invisibility on /r/bitcoin:

Quote from: pirateatbfl
It has been demonstrated that BFL Single is a pair of Altera EP3SL150F780 chips.

This chip is no longer manufactured, and the official price from digikey, Altera's authorized distributor, is $2,184.99 per chip.

That's almost $4,400 per board just for the chips.

Obviously since the single sells for $600 they are not paying anything close to full price for these chips. But since they are no longer manufactured there is a finite supply, and with the huge demand they surely can see that the End Is Near for the Altera-based product line.

So now it fits together: they aren't ruining a good thing -- the good thing is over whether they like it or not.

They have run out of cheap chips. Without the insane more-than-5x cost advantage over the competition they can't compete anymore, so they pretty much have to close up shop.

But wait.

If you have to close up shop anyways, why not go out with a bang? Especially when you have an experienced fraudster running the company? The company is toast without the cheap chips anyways, so why not run off with a pile of preorder cash? Better yet, tell the people you sold product to that they can send the boards back as part of a "trade in". Remember, there are no more cheap chips, so the supply of these boards is about to get cut off. And mining boards turn electricity into anonymous, untraceable cash, so running off with them is about as safe as running off with BTC.

You may or may not believe their ASIC announcement is a scam, but either way the claim that "oh they have so much to lose by scamming people why would they do that" doesn't hold water. Their existing product line has a fixed lifespan -- ASIC or not.

http://www.reddit.com/r/Bitcoin/comments/1084b1/why_would_bfl_turn_a_good_thing_into_a_scam/

So wait, they never made FPGAs?
sr. member
Activity: 336
Merit: 250
Which would be what?  What pertinent information was withheld exactly?  We have shipped products in the past, we will ship products in the future.  One of the employees past has absolutely no bearing on the ability of our company to ship products.
Except that the part owner (CEO?) of your company is quite possibly violating his parole by collecting massive amounts in pre-orders like this.

By the way, why the hell can't you people just get a regular business loan to fund your first production ASIC batch? Y'know, like reputable businesses do.
I'd have thought having shipped a bunch of mini-rigs and a bunch of singles, you'd have the accounts there to get a cheap-rate bank loan or to bring in venture capital and do this properly...
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