Topic: Time to sue ButterflyLabs - Big Single-SC owner let's league for class action - page 35. (Read 39351 times)

I'm glad that your experience with BFL is positive. Unfortunately mine experience differs completely. The way I see it, your happily hashing Jalapenos are made possible only with the money put in by Single and MiniRig customers. They are now being screwed big time by this infamous company.

The only thing I want from them now is to obey the law and give me my refund.

No. Incorrect. This is not about exchange rates after you bought your mined BTC. You traded 26 BTC for 8 BTC. There is no single exchange rate that will make 8 BTC be worth more than 26 BTC.

Yes. Doing business with BFL is very risky. They are shady. They tell you when you will have your product, and when that day comes they fail to deliver. For time sensitive deliveries (like mining equipment) that is very destructive to value.

You traded 26 BTC for 8 BTC. This makes you happy. Some people get their kicks being tortured and beaten. Who am I to judge.
But when you try to convince others to buy BFL to justify your own failures, that is where I will judge.

Paying with Bitcoin or GBP or EUR or USD or RUS or RMB or HKD doesn't matter. What matters is how much value in Bitcoin you gave away in order to get the Bitcoin from BFL. You gave away 26 Bitcoin worth of value in order to get 8 Bitcoin (maybe less) worth of mining. That is always a bad deal. You will always do better by not making that trade. At the time you made the purchase, BFL promised you that you would get your product in time to make your 26 BTC back and then some.

Is it silly to examine the result of a trade after the fact? Yes, we have 20/20 hindsight and with that hindsight we can now see that BFL ripped you off.  Is the reason you blind yourself is because of pride? We have 20/20 hindsight now that they have finally delivered to you (some people we still don't know how badly they have been scammed). We can see that your trade with BFL was a bad one. What is even worse is that with 20/20 hindsight you cannot see it because of willful blindness.

You gave BFL 26 BTC and they promised to give you back far more BTC in the form of delivering you the hashing power to mine it in Oct 2012. They did not do that. They gave you barely enough mining to get back 8 BTC in Aug 2013. The principal value in mining equipment is in the hashing power and the time you receive it. Your hashing power ordered was 10GH/s, your time to receive was Oct 2012. BFL failed to deliver the value they promised you.

Again Wolf,

It's not about you.  Is about informing those who otherwise might believe BFL is a good company to order from.  If you go by the advertisers in this forum you might think BFL is legitimate because they spend so much money advertising here (and elsewhere). 

These hero members are keeping the playing field even.  It is every bitcoiners duty to help inform others of BFLs shady practices.  If you are not part of the solution, you are part of the problem I'm afraid.

Oh yeah, and with 20/20 hindsight we all knew the bitcoin price was going to go to $250+... Suuuure...
Truth is, people took some risks, and in their opinion it didn't pay off. As much as it seems to be the thing to blame others for mistakes made by people, you really do need to face up to the fact that it was always a risk to do business with BFL. I did because the risk didn't bother me, in the end it will likely pay off for me.

Again we get back to the paying with bitcoin stuff. That was my decision, and at the time I actually figured there was a good chance bitcoin would go back to the ~$3 range (the price rise already looked like a bubble then). I took that risk, it didn't pay off, but that is life. If I had invested real money rather than gpu time I would only be concerned with ROI on the cash I put in, namely what bitcoin is worth in FIAT today. Now if the price of bitcoin had remained steady but the difficulty had climbed as high as it has, then there would be reason to be pissed off.

With the 20/20 hindsight, you may as well say we all got ripped off for not mining more with GPUs when bitcoin first started up, or when OpenCL based mining was developed. It is silly to work on this basis, and the only reason you do so is because you WANT people to feel ripped off, in order to stoke and stroke your ego more. Guess it makes you feel righteous and that you matter in this world a bit?

Oh, and honorable heroes? You've done it now... Seriously, it will take k9 and phinneaus a few hours to recover and rejoin the circlejerk.
k9: Didn't know you found circlejerks to be so mathematical!

I would just ask him to give you 26 BTC and you will give him back 8 BTC in a year's time. He seems to like that trade. Just put a QTY box and hope for double digits! 

Tell ya what Red_Wolf_2...give me $30,000 & I'll turn it into $50,000...............but first you have to wait a year & a half to get ANY returns on it,I guess you'd go for that  

Oh & NO REFUNDS!!!!!!!!!    & you'll get it when you get...deal with it 

The reason someone purchased is not relevant.  The issue is that members of this forum who appear to have a conscience want the world to know that BFL has a long history of broken promises and flat out lies by senior management.  

Until the admin of this site stops allowing BFL to advertise here these honorable heroes will continue to warn the world that BFL has all the markings of a long con and many many dissatisfied current and former customers.

Oh how false the first statement is and how true the second. Some people just don't have the math to see.

Oh how true the first statement is, and the second for that matter. The third is true, you can't complain because you haven't the wits to see that you were scammed.
Just like people who "invest" $100 in a "gold" coin that has $10 of gold in it, you paid 26 BTC for a device that will only mine you 8 BTC. Of course, you were promised a lot more than that. You were promised a device that would return 3 to 4 times that in BTC and then some. But the delays nibbled away at your returns...

Sure, the price of gold may rise 10 fold and bail out the gold coin "investor", but that doesn't change the fact that they got ripped off. If BFL delivered like they said they would, you would have mined your 26 BTC back and then some. Sadly it turns out that you paid $42 per BTC when the price was only $12. You'll never earn back your 26 BTC and thus will never have a positive ROI.

BFL offered a hashrate to be delivered within a certain time, yet you still pretend the time part doesn't matter. But it does. That is what screwed you.

If your intention was to troll then I suppose you were pretty successful, nice job I guess.

With your high ASVAB I assumed they'd have likely assigned you to higher clearance aircraft, there was a guy in basic that was going to do mechanical work on one of the stealth planes and he had a high ASVAB score though maybe there is no correlation.  While some 1N2s do fly with the aircraft most copy mission on the ground far away.

I ordered in November 2012.
Sure I have compassion, at least until they start screaming like a little kid on public transport because they thought they were going to get a guaranteed ROI on something (hint, they only ever purchased hardware with a given hash rate, not a guarantee on ROI)

Red wolf,
How do you think people who ordered after the first month feel?  Have you no compassion for the position the company forced them into?

Some people really got screwed with waiting i'm not surprised.

I see the anti-bfl circlejerk is in full swing again.
bcp19: heres some thoughts regarding the people here - you can lead a horse to water but you can't make it drink

I fully expect that statement to be turned around on non anti-bfl people. You'll say we are being scammed and just can't see it. Well my two jalapenos are close to 30% ROI already based on USD prices, so I really can't complain...

This is what people who can't do math type when they run out of arguments. Instead of equations, we get "forest forest forest"...


Actually, that is precisely what I said was true. The order books overlapped. Lack of reading comprehension pervades the posts of the BFL fan-bois. Coincidence? I think not. 1 order number != 1 order. Live it, learn it.

How to identify a die hard BFL fan-boi?
1) knows next to nothing about how bitcoin mining works
2) lacks basic math skills
3) poor reading comprehension
4) high degree of financial illiteracy
5) no understanding of software or algorithms
6) no understanding of statistics (may understand what an average is)

and the PSA for those afflicted with BFL orders:
If you have ordered from ButterFly Labs and have not yet received your product, you are entitled to a refund whenever you request one (per FTC rules).
First ask ButterFly Labs for a refund, they will probably say no but you might get lucky.
If you ordered via PayPal you can file a complaint with them even if you are outside the 45 day window. Multiple customers have already gotten a refund from PayPal that was outside the 45 days.
If you ordered via Bitcoin or Bank wire, you can fill out a complaint with the FTC and they will advocate for you with ButterFly Labs to get your refund. You can also contact the office of the Kansas Attorney General and inform them that you have had your money taken with no product delivered for months, just more promises.
You can also do a paper filing with the DA here: http://da.jocogov.org/complaint-forms

There are also several threads on how to get a refund from ButterFly Labs, here are two:
https://bitcointalksearch.org/topic/yes-you-can-get-a-refund-from-bfl-266945
https://bitcointalksearch.org/topic/butterfly-labs-did-everything-they-could-to-make-getting-a-refund-impossible-272585

Are you so smart that you are mentally retarded

"LONG CON"  Mensa boy .....

So it gets through your UBER brainpower.....This means "NOT" taking the money and running !!!

To reference something simple so you understand MADOFF kept it going for 20+ years

~15%+ delivery and having millions of dollars held hostage ...and wait UPGRADE now for more $$  (and a with a fee) and you can join the new queue of more rich's !!!

Oh wait sorry you missed the express NEW queue but have ended in just the new queue (Plus 2 more months on delivery)

This also has shades of a 419 Nigerian money scam....

Happy REALLY

1) telling all HOW SMART you are
2) Defending the indefensible
3) Basically picking an argument with a large majority of the community who all now think you are a total dick
4) Keep adding all of this extra information about your life as If we are your friends or give a fuck

You sound Sooooo happy !!!

Has retirement left you with no meaning or definition for your life....??

Go play golf I have heard that others find solace in finding some form of mild sporting activity to help fill the void !  


 

The 'long con' terminology is one that can be used over and over and over again without a shred of  proof.
Everyone back during FPGA said the same thing, they are a scam, it's a long con, they're going to take the money and run... Didn't happen.
Again, the same thing is being said.  'what about FPGA?' "all part of the long con".
"A?" Long con.  "B?" Long con.  "C." Long con.  Nothing is good enough, it's all part of the long con.

Can you prove it is a con?  Show me proof?  Show me proof, here, today that they have taken the money and run?

Well? Is BFL shipping or have then taken the money and run?

P.S. Yes, yipyipyipyipyip, I am happy

plain and simple, (though not for k9).

You must be SOOOOOOOOOOOOOO happy

Everybody hates you .............does this make you feel good

Look deep inside and you will see How happy you are .....Tell me more of how happy a person you are

OMG you flew a plane...............................Oh sorry You flew in a plane

WOW .....................You sat in a chair of a moving transport device........and you pressed buttons while it was moving

......please stop with these outstanding both mental & physical achievements as my ears cant handle any more AWESOMENess 

Agreed ...I really dont understand why the supposed "SMART" pple are the ones defending this long con

bcp Explain to me like I am a 5 yr old why BFL is "GOOD" & not "BAD"

AGreed....