Topic: Sonny Vleisides' finally sticking it up his investors' asses! - page 2. (Read 7420 times)

You probably qualify as an investor.

Looks like a lot of people have been scammed.

You know all this is kind of old news.

The rest of the stuff is pretty much nonsense, BTC price is not miner-driven in any sense. There's some impact, but I guess pretty much everyone fails to appreciate exactly how small a slice of BTC mining is. Think a tenth to a quarter. Not all, not a majority.

And more generally, a notice to all the scumbags circling BTC : I don’t care that you’re poor, I don’t care if you’re desperate, I don’t care if you’re ‘Ndrangheta or the Gambinos or the Bonanos or the Russians or whoever the fuck else. Pack it and move. This is your only warning, and quite frankly I have no ideea why warnings are even necessary. Bitcoin is not for idiots. That means you. Sambata, 12 Ianuarie, Anul 5 d.Tr. | Autor: Mircea Popescu

Hence no UL listed or FCC certifications. The fuckin' machines won't pass! What next, a unit catches fire in a Bitcoiner's dorm killing several people? Or a unit catching fire in somebody's home killing an infant?

Not a single principal at BFL will be able to claim that they weren't aware, for I've personally stuck this issue up their asses no less than two dozen times.

BFL's holier then thou attitude is about to nip them in their asses.

You stand corrected,my 30GH unit shipped yesterday,FINALLY    After 1 year & 5 days 

Now I'm just waiting to see if my $129 for shipping makes it a next day delivery or just lined thier pockets.....................

BFL did not state, "The money you are sending us is an INVESTMENT, with risk." Thus, it is a "product", and a "product that accepted USD or paypal or cc agreements". Those agreements, even when it clearly states, "no refunds", are the final word in any legal court. To even accept paypal, or a cc, you AGREE as a recipient of funds.... to offer a "reasonable return policy", and "adhere to all US laws". Which includes "returns", and deals with, "failure to deliver in a reasonable time", and also deals with what must be said if it is "a high-risk investment", as opposed to a "sale of an item".

There are also laws about "selling things you do not own", under the false pretense of, "ownership". (Thus, presales of un-owned property, which demands retainers for accounts, before you can accept any level of income from a "sale" of the "presale". EG, you can only oversell a certain amount, and must maintain enough within an account to refund or return a certain amount, in the event of failure or legal litigation.)

There is also the issue of accepting a valued trade, without reporting the value of the trade, or records of the trades, to be used for an exchange of goods or services. (Reporting BTC-value-earnings, which is done quarterly for a business, to be taxed as income.)

However, all is not lost... The price of BTC will rise again, once the "easy miners" have gotten enough debt, and can no longer settle for less. Eg, once they are no longer willing to accept less USD for the BTC they have earned. But they can still make money selling as low as $10 so don't expect the price to stop dropping at $50... They want that money more than you, even at $10-$20, per BTC. They can afford it, they make the machines that you are paying for, and taking your earnings before you can ever earn them, to cash those in too.

As if you didn't see this coming. Denial is a bitch! Join AA (Asics Anonymous)

Looks like a lot of people have been scammed.

I totally agree

BFL are the problem holding the crypto community back !!!!

As long as they are around we will not move forward !!

Meh if they go down it will be lots of short term pain for a lot more long term gain IMO.  Disaster for a bunch of miners, ya probably, disaster for BTC, not a chance in hell!

There are also laws about "selling things you do not own", under the false pretense of, "ownership". (Thus, presales of un-owned property, which demands retainers for accounts, before you can accept any level of income from a "sale" of the "presale". EG, you can only oversell a certain amount, and must maintain enough within an account to refund or return a certain amount, in the event of failure or legal litigation.)

There is also the issue of accepting a valued trade, without reporting the value of the trade, or records of the trades, to be used for an exchange of goods or services. (Reporting BTC-value-earnings, which is done quarterly for a business, to be taxed as income.)

Hence no UL listed or FCC certifications. The fuckin' machines won't pass! What next, a unit catches fire in a Bitcoiner's dorm killing several people? Or a unit catching fire in somebody's home killing an infant?

Not a single principal at BFL will be able to claim that they weren't aware, for I've personally stuck this issue up their asses no less than two dozen times.

BFL's holier then thou attitude is about to nip them in their asses.

Meh if they go down it will be lots of short term pain for a lot more long term gain IMO.  Disaster for a bunch of miners, ya probably, disaster for BTC, not a chance in hell!

Actually, Im really rooting for them, because it would be terrible for BTC if they went down with 85% preorders unfilled. Disaster.

Not just that. Inaba attacked Avalon and bASIC for not having certification while claiming that BFL was going to have it.

Sure I can post a "simulated" or "estimated" power usage number - but its not going to be accurate. You really think BFL is going to give 1Gh/s per watt? keep dreaming.

These energy efficiency numbers from my competitors are simply estimates and are not going to be accurate.

I think the real point is they said that all these safety inspections were being done many many months ago and still none to be seen. That is reprehensible behavior given that impacts some buyers decisions. Also the implication say one of the units does kill or injury someone goes beyond BFL and to BTC itself. Can BTC afford that sort of risk? This goes for all fabricators not just BFL.

That's exactly it... no transit company would consider letting us install the device without UL because of the potential civil liability if one exploded and took out a bus full of passengers. Ultimately I blame the litigation system in the USA for this mentality.

I really don't have an issue with the rules (especially since they're opt-in rather than mandated)...

But then I agree that I wouldn't expect a bfl unit to burst into flames either. So maybe I actually agree with you that they should have gotten certification.

I respect your posts and replies, firefop. They have merit.

I understand the enforcing aspect, but they have the rules written down nonetheless to cover their asses.

Do you honestly believe that any college administration actually would be able to actively enforce that policy? I mean they have policies against alcohol and drug use currently - and college students ignore those already.


I swear I'm not trying to be a punk on this point... but I've been through the UL certification process with several products and have finally decided that except when it comes to things transformers and power supplies its useless.

We actually had a completely safe on demand hydrogen device that we intended to install and maintain on buses... we wasted almost 100,000 dollars before we decided that they weren't going to certify due to politics and rolled up the project. To be fair they did help us resolve a couple of safety issues in the early revisions... but the final device wouldn't explode (or even break) when we created a spark in the main hydrogen collection chamber... sure it would disable the device and cause it stop functioning (and to leak distilled water - woohoo). Which was why they claimed it didn't qualify, because it might drip water on other engine components if it failed. But then I'm pretty sure you can hose down a running engine with no ill side effects... so whatever.