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Topic: Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence - page 4. (Read 146776 times)

legendary
Activity: 1458
Merit: 1006
To whom it may concern:

Quote
ENTITY DETAIL
Name:   BF Labs Inc.   Status:   Active
Filing ID:   2011-000606261   Sub Status:   Current
Type:    Profit Corporation - Domestic   
Standing - Tax:   Delinquent

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081

Quote
HISTORY ... 2013-001524987   Delinquency Notice - Tax   08/02/2013 ...
hero member
Activity: 924
Merit: 501
Maybe later generations will call it the "Inaba scheme"  Wink


That's worth quoting!
hero member
Activity: 1162
Merit: 500
It's a Ponzi scheme.

" In reality, Ponzi was paying early investors using the investments of later investors. This type of scheme is now known as a "Ponzi scheme".


Maybe later generations will call it the "Inaba scheme"  Wink
newbie
Activity: 35
Merit: 0
It's a Ponzi scheme.

" In reality, Ponzi was paying early investors using the investments of later investors. This type of scheme is now known as a "Ponzi scheme".
legendary
Activity: 1458
Merit: 1006
The only people who can involve lav enforcement and the legal system are people with "standing," i.e. people who are actually directly involved with BFL, such as customers with pre-orders. Random Citizen can't just sue or sick the cops on a company because they don't like the way it's doing business. If you do have pre-orders, and feel you should be compensated in some way, feel free to go after them yourself, or start putting together a class action lawsuit. Though I suspect that even a (legitimate) threat of a lawsuit would force BFL to give you a refund, at which point you'll no longer have (much) "standing."

Following your logic I could only report a fire if it were happening on my property but not if it happened at the neighbors house?

I'm hearing "never mind the smoke, go back to sleep"...

After all, if your house burns down tonight, maybe you can sue to get your money back later.

And if it's only your neighbour's house that is on fire, why even worry?

You see smoke, not a fire. There's a big difference. You are *assuming* that there is a fire, but you cannot know for sure. It may be that the neighbors are barbecuing steaks in the back yard.

People would be prudent to keep their eyes on it, but I doubt many would call the fire department under such circumstances. But you go right ahead.

So... "You should always wait until your house is a heap of burning ashes before calling the fire department."
hero member
Activity: 924
Merit: 501
Lol, around here if you see smoke you sure as hell call the fire department else you lose 500 homes in 3 days...
legendary
Activity: 922
Merit: 1003
Following your logic I could only report a fire if it were happening on my property but not if it happened at the neighbors house?
Your analogy is flawed.

You see smoke, not a fire. There's a big difference. You are *assuming* that there is a fire, but you cannot know for sure. It may be that the neighbors are barbecuing steaks in the back yard.

People would be prudent to keep their eyes on it, but I doubt many would call the fire department under such circumstances. But you go right ahead.
hero member
Activity: 924
Merit: 501
You are quite mistaken.  An average citizen can contact the FTC, the FCC, state regulators, etc.    
Go back a few posts and find Phinneas's proposed letter the BFL's kansas landlord...

The investigators need volume to investigate.  So even if you are just suspicious you should reach out to law enforcement and tell them about this long con put on by a known criminal fraudster.  Let the government decide what to do with your report.  It is YOUR DUTY to contact the FTC TODAY!


Why file a complaint with the FTC?

"Your complaints can help us detect patterns of wrong-doing, and lead to investigations and prosecutions. The FTC enters all complaints it receives into Consumer Sentinel, a secure online database that is used by thousands of civil and criminal law enforcement authorities worldwide. The FTC does not resolve individual consumer complaints."

https://www.ftccomplaintassistant.gov/


Following your logic I could only report a fire if it were happening on my property but not if it happened at the neighbors house?
legendary
Activity: 1680
Merit: 1035
The only people who can involve lav enforcement and the legal system are people with "standing," i.e. people who are actually directly involved with BFL, such as customers with pre-orders. Random Citizen can't just sue or sick the cops on a company because they don't like the way it's doing business. If you do have pre-orders, and feel you should be compensated in some way, feel free to go after them yourself, or start putting together a class action lawsuit. Though I suspect that even a (legitimate) threat of a lawsuit would force BFL to give you a refund, at which point you'll no longer have (much) "standing."
legendary
Activity: 1064
Merit: 1000
Surely the next step is for people to involve the FTC and law-enforcement? All this talk is doing nothing.
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
I'd like to know "where the fuck is the guy who has a paid lawyer"
If we dont have someone with money to hire a lawyer, Could we atleast fund a "lawyer pool" for some trusted forum member to use the pool fund to hire a lawyer to look meanly at BFL?
full member
Activity: 238
Merit: 100
Has any major news source written an article about BFL yet?  I haven't seen any and I've literally read every single news source out there.

Sounds like a good first article for ZeroBlock. 
sr. member
Activity: 335
Merit: 250
At this point, a good segment of the Bitcoin community is accusing Butterfly Labs of fraudulent behavior.

Butterfly Labs seems unable to deliver products for which they accepted payment.
They refuse to provide refunds for unshipped goods and their employees are rude, condescending and ridicule unhappy customers.

Now, they are offering more vaporware.

What can the bitcoin community do?

Some people are so anarchic, that they abhor contacting civil authorities.

At some point, as a community, what recourse do we have? I suggest that PayPal, Dwolla and the Kansas Attorney General all be contacted.

legendary
Activity: 1458
Merit: 1006
hero member
Activity: 924
Merit: 501
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
The BFL version is a REALLY BAD RENDERING where they took a picture of a GPU and superimposed it on a rendered flat object.  (Not unlike the photo-shopped version of the singles they used to sell their last batch of pre-orders).  The fan shown should press up against the face of the card but if you draw a line from the edge of the metal straight back you'll see that the fan is simply a picture on a flat surface... the rendering shows no depth.

If you look at the center cylinder of the fan, surrounded by a circle of blades with the empty space between the center cylinder and the blades, you'll notice that the empty space is narrower at the front (towards the viewer) than at the back. And it's obviously a rendering. They didn't take pictures of anything here. The whole thing is obviously rendered. But so what? That's not a sign of a con. They had bad renderings of a BFL Single circuit board, too, remember?
I think people need to stop arguing weather or not the "BPU" in the image is physically there to have its photo taken.
I dont advocate or support BFL, but seriously guys, they stated that they dont expect to have them working until one year from now because they are still in development (all sales final, order now!) they also stated that the "bpu" would connect via PCI-E 1x for "maximum compatability" Not 16x like whats shown in the rendering.

Point is, BFL are big fucking liars who aren't even trying anymore, rather than bother to "sneak past" the "trolls on the bitcoin forum" who clarify all of BFL's bullshit, they have decided "hey lets just keep aiming at the new people who barely know about bitcoins, I bet they would see this them and go" "oh my god its like amd built a bitcoin hashing unit, these guys are pros!"

Seriously they need to be stopped before this longcon destroys the reputation of bitcoin
legendary
Activity: 1680
Merit: 1035
The BFL version is a REALLY BAD RENDERING where they took a picture of a GPU and superimposed it on a rendered flat object.  (Not unlike the photo-shopped version of the singles they used to sell their last batch of pre-orders).  The fan shown should press up against the face of the card but if you draw a line from the edge of the metal straight back you'll see that the fan is simply a picture on a flat surface... the rendering shows no depth.

If you look at the center cylinder of the fan, surrounded by a circle of blades with the empty space between the center cylinder and the blades, you'll notice that the empty space is narrower at the front (towards the viewer) than at the back. And it's obviously a rendering. They didn't take pictures of anything here. The whole thing is obviously rendered. But so what? That's not a sign of a con. They had bad renderings of a BFL Single circuit board, too, remember?
hero member
Activity: 784
Merit: 500
If those look the same to you, you need to have your eyes checked.  I have owned many many many GPU's and none look the fake rendering provided by BFL.

The BFL version is a REALLY BAD RENDERING where they took a picture of a GPU and superimposed it on a rendered flat object.  (Not unlike the photo-shopped version of the singles they used to sell their last batch of pre-orders).  The fan shown should press up against the face of the card but if you draw a line from the edge of the metal straight back you'll see that the fan is simply a picture on a flat surface... the rendering shows no depth.  It's a camera trick.  The fake image they are showing implies the "gpu" is as much as a 1/4 inch narrower than the metal mount on each side. 

If you look at the fan in the image you supplied that fan would NEVER fit in the fake card the long con company is showing, it is too wide.



BFL is a long con.

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





It's probably our if google sketch up.....

hero member
Activity: 924
Merit: 501
If those look the same to you, you need to have your eyes checked.  I have owned many many many GPU's and none look the fake rendering provided by BFL.

The BFL version is a REALLY BAD RENDERING where they took a picture of a GPU and superimposed it on a rendered flat object.  (Not unlike the photo-shopped version of the singles they used to sell their last batch of pre-orders).  The fan shown should press up against the face of the card but if you draw a line from the edge of the metal straight back you'll see that the fan is simply a picture on a flat surface... the rendering shows no depth.  It's a camera trick.  The fake image they are showing implies the "gpu" is as much as a 1/4 inch narrower than the metal mount on each side. 

If you look at the fan in the image you supplied that fan would NEVER fit in the fake card the long con company is showing, it is too wide.



BFL is a long con.

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

legendary
Activity: 1680
Merit: 1035


Look at that bullshit picture.  It's like an M C Escher mobious strip... that fan is 2d in a 3d form!

They are not even trying anymore. 


Um, what are you talking about? That's a standard centrifugal blower fan. They're pretty standard on GPUs.

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