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Topic: Received BFL Jalapeño Today! - page 15. (Read 40280 times)

legendary
Activity: 1890
Merit: 1003
April 29, 2013, 04:57:16 PM
#48
I don't see how BFL stopped him from buying 23 BTC at any time, can you please post where BFL forbids people from purchasing BTC once they purchase one of our products, which are sold for USD (Not BTC)?

You can't?  Oh, then your argument is fallacious.  Nice try at rationalizing a false premise, though.  Well, actually, no it's not.  It's pretty sophomoric and elementary.
The trolls have shifted their stance from "BFL has never shipped" to people could have done X with their pre-payment money.
 
In the real world people can wait for many months for a house to be built with a deposit much larger than the cost of a BFL device, and they are perfectly happy with that, as long as the builder doesn't go bust and they get their house in the end.

see:
Hindsight my friend. BTC could have went to zero too. this is a weak argument.
The value and income of bitcoin mining devices is tied to the value of bitcoin. Unlike gpus, ASIC can't be resold for other purposes. Therefore, by buying a BFL ASIC, he was still at the whim of BTC prices.

when you're buying a mining device, you're essentially paying now to get bitcoins later.
Spot on!

In this case BFL failed to deliver on time. Hence, you lost the opportunity to mine several (thousand) Bitcoins [and counting] if they had shipped when they were scheduled to ship.
legendary
Activity: 1890
Merit: 1003
April 29, 2013, 04:54:37 PM
#47

For a $149 investment it'll repay itself and make $1300 on top in one month of mining.

Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time.

No, he paid in USD, just like everyone else.  Nice try, though.


Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.

I don't see how BFL stopped him from buying 23 BTC at any time, can you please post where BFL forbids people from purchasing BTC once they purchase one of our products, which are sold for USD (Not BTC)?

You can't?  Oh, then your argument is fallacious.  Nice try at rationalizing a false premise, though.  Well, actually, no it's not.  It's pretty sophomoric and elementary.


That would be Economics 101 at a grade school level. Purchasing your product presents an "Opportunity Cost". If the customer buys from you, he cannot use those dollars (or BTC) elsewhere. So in the most limited sense, yes you did present a barrier to the buyer buying BTC.

You simply were simply a bad choice and opportunity being chosen. Everything is hindsight though, so I won't blame you or the customer for taking his chances and coming out burned.

I can only blame you for not delivering your product on time and within (a reasonable) schedule. Let the lawyers figure out if the customers incurred any loses due to your failure to deliver in a reasonable time frame.

(Technically, you took up about 1/100th of their lifetime in the waiting game...think about that for awhile.)
legendary
Activity: 1890
Merit: 1003
April 29, 2013, 04:50:47 PM
#46
Finally shipping it seems. Hopefully not too fast. Just fast enough to not be a scam but not fast enough to actually affect difficulty.  Grin

@minterj If BTC went bust, his Jalapeno would also be worthless. The point is, the owner would already have in hand (23BTC) what the device is supposed to provide over the course of 6 months (assuming conservative rises in difficulty).
Actually, if he paid in BTC and BTC went down to 0.00001...BFL would have to buy "a whole lot" of Bitcoins for their refund.

As there are a finite supply of BitCoins, this might have been a problem. There are trillion of dollars. There aren't "that many" BitCoins.
legendary
Activity: 1890
Merit: 1003
April 29, 2013, 04:47:31 PM
#45
Um no,

It will be full of:

"WTF! My order number is . Mine is way below his!? Why hasn't mine already shipped?"

Order number doesn't say much anyway since it's the day BFL received full payment that counts, considering this any "normal" order that gets filled right now should have been paid with BTC. Since you like to bash BFL so much you can therefore go hunt for someone who received their day one pre-orders and paid with bank wire (iirc paypal wasn't available from the start). Let's see how it turns out!
What would be the point?

As soon as anyone else posts that they have recieved the lowest end product, other customers will jump on it and bemoan that they haven't received theirs. In the execution of their bemoaning they will give everyone watching plenty of "juicy details", hence there is no point to go fetch it. It will be there by morning on this, or any other thread.
hero member
Activity: 560
Merit: 500
April 29, 2013, 04:39:35 PM
#44

For a $149 investment it'll repay itself and make $1300 on top in one month of mining.

Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time.

No, he paid in USD, just like everyone else.  Nice try, though.



How did he pay in USD when you were only accepting preorders in bitcoin through bitpay?
legendary
Activity: 2058
Merit: 1452
April 29, 2013, 04:34:14 PM
#43
I don't see how BFL stopped him from buying 23 BTC at any time, can you please post where BFL forbids people from purchasing BTC once they purchase one of our products, which are sold for USD (Not BTC)?

You can't?  Oh, then your argument is fallacious.  Nice try at rationalizing a false premise, though.  Well, actually, no it's not.  It's pretty sophomoric and elementary.
The trolls have shifted their stance from "BFL has never shipped" to people could have done X with their pre-payment money.
 
In the real world people can wait for many months for a house to be built with a deposit much larger than the cost of a BFL device, and they are perfectly happy with that, as long as the builder doesn't go bust and they get their house in the end.

see:
Hindsight my friend. BTC could have went to zero too. this is a weak argument.
The value and income of bitcoin mining devices is tied to the value of bitcoin. Unlike gpus, ASIC can't be resold for other purposes. Therefore, by buying a BFL ASIC, he was still at the whim of BTC prices.

when you're buying a mining device, you're essentially paying now to get bitcoins later.
full member
Activity: 148
Merit: 102
April 29, 2013, 04:31:29 PM
#42
Why so many HW errors?

Good question. That doesn't seem right.
erk
hero member
Activity: 826
Merit: 500
April 29, 2013, 03:56:22 PM
#41


I don't see how BFL stopped him from buying 23 BTC at any time, can you please post where BFL forbids people from purchasing BTC once they purchase one of our products, which are sold for USD (Not BTC)?

You can't?  Oh, then your argument is fallacious.  Nice try at rationalizing a false premise, though.  Well, actually, no it's not.  It's pretty sophomoric and elementary.


The trolls have shifted their stance from "BFL has never shipped" to people could have done X with their pre-payment money.
 
In the real world people can wait for many months for a house to be built with a deposit much larger than the cost of a BFL device, and they are perfectly happy with that, as long as the builder doesn't go bust and they get their house in the end.


Why so many HW errors?

Certainly a problem there which requires investigating.

full member
Activity: 129
Merit: 100
April 29, 2013, 03:52:39 PM
#40
Why so many HW errors?
sr. member
Activity: 454
Merit: 252
April 29, 2013, 03:48:04 PM
#39
hi have you tried mining litecoins with your jale?

how much is the hash rate?


that was brilliant
legendary
Activity: 1260
Merit: 1000
April 29, 2013, 03:45:49 PM
#38

For a $149 investment it'll repay itself and make $1300 on top in one month of mining.

Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time.

No, he paid in USD, just like everyone else.  Nice try, though.


Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.

I don't see how BFL stopped him from buying 23 BTC at any time, can you please post where BFL forbids people from purchasing BTC once they purchase one of our products, which are sold for USD (Not BTC)?

You can't?  Oh, then your argument is fallacious.  Nice try at rationalizing a false premise, though.  Well, actually, no it's not.  It's pretty sophomoric and elementary.

full member
Activity: 260
Merit: 100
April 29, 2013, 03:39:20 PM
#37
hi have you tried mining litecoins with your jale?

how much is the hash rate?

legendary
Activity: 3878
Merit: 1193
April 29, 2013, 03:34:53 PM
#36
Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.

Hindsight my friend. BTC could have went to zero too. this is a weak argument.

And if BTC had gone to zero, he'd also have 23 BTC. See how the exchange rate is completely irrelevent? Mining hardware generates BTC no matter what the exchange rate is, so BTC is how you have to evaluate its ROI.
legendary
Activity: 2058
Merit: 1452
April 29, 2013, 03:28:34 PM
#35
No, he paid in USD, just like everyone else.  Nice try, though.


Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.

Hindsight my friend. BTC could have went to zero too. this is a weak argument.
The value and income of bitcoin mining devices is tied to the value of bitcoin. Unlike gpus, ASIC can't be resold for other purposes. Therefore, by buying a BFL ASIC, he was still at the whim of BTC prices.
legendary
Activity: 1190
Merit: 1000
April 29, 2013, 03:28:21 PM
#34
Finally shipping it seems. Hopefully not too fast. Just fast enough to not be a scam but not fast enough to actually affect difficulty.  Grin

@minterj If BTC went bust, his Jalapeno would also be worthless. The point is, the owner would already have in hand (23BTC) what the device is supposed to provide over the course of 6 months (assuming conservative rises in difficulty).
legendary
Activity: 1148
Merit: 1018
April 29, 2013, 03:28:06 PM
#33

For a $149 investment it'll repay itself and make $1300 on top in one month of mining.

Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time.

No, he paid in USD, just like everyone else.  Nice try, though.



Just like everyone else? I paid in BTC, this is a fact that can be proven. I don't think I'm entitled to a BTC refund, but this does not change the fact that I paid in BTC.
sr. member
Activity: 392
Merit: 250
April 29, 2013, 03:25:43 PM
#32
hi have you tried mining litecoins with your jale?

how much is the hash rate?
sr. member
Activity: 434
Merit: 250
April 29, 2013, 03:24:57 PM
#31

For a $149 investment it'll repay itself and make $1300 on top in one month of mining.

Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time.

No, he paid in USD, just like everyone else.  Nice try, though.


Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.

Hindsight my friend. BTC could have went to zero too. this is a weak argument.
sr. member
Activity: 272
Merit: 250
April 29, 2013, 03:20:09 PM
#30
Um no,

It will be full of:

"WTF! My order number is . Mine is way below his!? Why hasn't mine already shipped?"

Order number doesn't say much anyway since it's the day BFL received full payment that counts, considering this any "normal" order that gets filled right now should have been paid with BTC. Since you like to bash BFL so much you can therefore go hunt for someone who received their day one pre-orders and paid with bank wire (iirc paypal wasn't available from the start). Let's see how it turns out!

Not correct. It took them few days to clear my payment - order date is the day I placed it, not the date they received the funds!
legendary
Activity: 2058
Merit: 1452
April 29, 2013, 03:19:05 PM
#29

For a $149 investment it'll repay itself and make $1300 on top in one month of mining.

Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time.

No, he paid in USD, just like everyone else.  Nice try, though.


Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.
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