The post Buttcoin is pooped. appeared first on Buttcoin Foundation.
]]>This blog is now in archive-only mode! We have new outlets for expressing our excitement and contempt for all forms of cryptocurrency now!
You can follow us and laugh along with Bitcoin and other cryptocurrency projects on our twitter, @Buttcoin.
You can also talk with other global banking shills on our subreddit, /r/Buttcoin.
While we are officially putting the blog out to pasture, Buttcoin is not dead. We still hate you all.
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]]>The post Butterfly Labs gets FTC injunction lifted, reaffirms they fucking rock, bro. appeared first on Buttcoin Foundation.
]]>Butterfly Labs asserted its alpha-male dominance on that bitch-ass FTC today. BFL literally whipped its dick out for the world to see and showed everyone that BFL really stands for “Better Fucking Listen” because that’s what you gotta do now you little weak-ass punks.
Today the judge just straight up said “Fuck yeah, bro” and high-fived BFL’s totally swole hand and then they both cupped balls. This rad judge�let the world know that BFL, while it’s true that they did delay a bunch of shit and straight-up lie to their customers, isn’t�doing it�any more and so the FTC has no right to be all up in their shit.
You see that idiots? BFL stopped doing preorders because our customers finally wised the fuck up so you have NO RIGHT to take their�foam pitchforks.
Also remember how the FTC was all like “Ugh, these BFL guys said you could make money off these things?” when we’ve known that’s not true? Well chew on this:
Read it and weep hombre. BLF told it’s customers on forums that it was profitable but didn’t have it on their own website. Also they bought a shit ton of fucking google ads so .. ya know .. �fucking right, idiots!
So now BFL�can continue on with business as usual and just be a fucking badass and you pansies have to just take it.
Inaba (who totally isn’t Josh from BFL) has this to say about you�nerds, crying to mommy:
Who run this town? Butterfly Labs run this town!
Until the actual trial starts next year and they’re fucked.
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]]>The post Your Obligatory Butterfly Labs Case Update appeared first on Buttcoin Foundation.
]]>What’s happened since our last installment in this series?
There, absolute proof that�BFL bought us out.�Not that it was ever ambiguous, but the�defense counsel confirms it, so�it’s officially been legally established: We were shills. Sorry about that.
Here is “Attachment O”, in which the FTC uses this article as evidence against BFL.
They�took screenshots of the entire article�for their records, which was really unnecessary. If they had asked, we would have happily sent them as many copies�as they�wanted,�in whatever format they wished, for just one BFL foam pitchfork.
But now that the most important part of the update is done, lets see what other shit got dredged up recently:
It appears people who are spending thousands of dollars in mining hardware cannot be bothered to learn who is doing what in relation to the case. The FTC does not have the power to get the funds back, at least not now. Remember, BFL is in�trial, which includes the possibility that they win out and resume operations. If that happens, you can kiss your funbux goodbye. (Although that probably won’t happen.)
So apparently there are people still buying from Butterfly Labs, despite the warnings everywhere that this company is horrible. The box on the left is the date the complaint was logged, and the box on the right says when the customer made the initial purchase. However, in this instance, there is no date. Maybe they were embarrassed about recently purchasing product from this group?
I don’t mean to kick a guy when he’s down, but even the original, official Bitcoin site says that investing in Bitcoin is risky,�that you�shouldn’t do it unless you really�know what you’re doing (which would seem to preclude investment at all, but whatever). That includes using your tax refund to invest in, essentially, a get-rich-quick scheme. Don’t invest in Bitcoin. Don’t fucking do it! Just stop!
No, they don’t, at least not right now. We’ll get to this later.
It’s not anything official from the FTC (apart from the transcript), but I just think it’s odd how he remained vague on ship dates, which was a part of the original FTC complaint against BFL. Was it mandated at BFL HQ that all ship dates be made vague, or is this just some random happenstance where Zerlan really didn’t know? And how exactly did they plan on staying competitive when they barely had any product out there? Was that their main motivation for buying sites out, or was it some kind of unexplainable paranoia? Again, not official, just questions I had reading this.
What�is official, however, is Mr. Zerlan identifying himself as Chief Operating Officer of BFL and detailing the company’s “TestNet”. Why this is in the documents is unclear, but I’m gonna speculate and say “TestNet” is where BFL used the miners before shipping these outdated machines to angry hordes, if they even got shipped.
I’m betting 0.0000001 Satoshi that he just described the size of the pre-mining operation, as well as accidentally disclosing that there was a pre-mining operation.
Butterfly Labs got a lot of its orders in Bitcoin and used BitPay to process them. The TR’s plan is to use the funds BFL got, send them to a court-held Bitcoin wallet, and eventually convert them to dirty fiat. To do this, the TR�may�hire outside help to do this, since these transactions have a history of getting stolen.
There’s also the fact that all sides MUST cooperate, probably in reference to BFL’s prior behavior that nearly landed them in a separate case because they were harassing everyone.
We did it guys! We got the US Government to take Bitcoins! Victory is ours at last!
Well, anyway, assuming things go the way we all expect them to, the court will find BFL guilty, and then the FTC will start getting refunds back to people. If BFL is not found guilty, they will attempt to resume operations. That will not go well because, at this point, they’ve antagonized and driven off�everyone who would want to buy from them. Either way, BFL is fucked.
(And no court date has been set yet, probably because the trial already happened. They’re in post-trial briefings. Anyone who tells you of an impending trial date is a fucking idiot.)
CORRECTION: I’m a fucking idiot. According to commenter Curt Shaffer, the date linked to above was for their preliminary injunction, not post-trial briefings. Sorry about that. We’ll have more updates on the case later, promise.
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]]>The post The Time “Blake Benthall” Emailed Me appeared first on Buttcoin Foundation.
]]>That tweet, posted�five days after Benthall’s arrest, links to an address that currently has 0.34 BTC donated to it, or roughly 125 bucks. Wondering how a convicted man could get access to his Twitter account behind bars, I asked him for an interview, and provided my email address.
A few days later, Ars Technica and The Daily Dot both reported, via Benthall’s lawyer, that the account had been compromised. The day after these articles came out, a second tweet was posted:
Yesterday, November�21st, “Blake Benthall” finally contacted me. Which was weird.
First, I needed to make sure that this really was the person from Twitter. Two things confirm it:
1. The email used was “[email protected]”, the same email the FBI says he used to register servers for Silk Road 2.0.
2. Here’s the first email I got, with the subject line “Bitcoin Twitter”, from “[email protected]”, with a bit of a private message I sent to Mr. Benthall’s Twitter account:
Since this was a private message, only someone with access to the account could have read it. Therefore, I am completely convinced this is the real account.
As you can see,�this person�asked me for Bitcoins. This will be a running motif. I told him that I don’t pay for interviews and that I knew he wasn’t Blake, both because the lawyer had said so and because the email was in broken English. But even though�I knew he wasn’t Blake,�I still wanted�to know why he took over the account. Was he just trying to scam people for cash? Was he a vendor or buyer on SR with�some vendetta against Blake? Some third thing?
He responded a few hours later:
On top of the broken English, this email now has actual Russian.�The sender, again, asks for Bitcoin, then says he is a friend of Blake’s and offers me “exclusive” stuff ��presumably�from the email account, but maybe this guy got access to Benthall’s computer. Who knows? Either way, I tell him again that�it’s my policy not to pay for interviews. But I did�send him my questions.� And I got this response:
I reiterated again that I wouldn’t pay him. I haven’t heard back from him since.
So there you go. I got an email from the guy who hacked Blake Benthall’s Twitter. �Close enough! Yay!
UPDATE: Apparently, Mr. Benthall got released on November 21st. If he’s reading this, I’d like a reply sometime soon. Maybe we could start over?
UPDATE #2: Benthall deleted his Twitter account. Or someone did. Either way, the tweets above are gone. I’ll get static images up soon. Also, before the deletion, “Blake” asked me for money on Twitter for “Exclusives”. So, technically, he did get back to me.
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]]>The post Butterfly Labs Has Become a Legal Clusterfuck appeared first on Buttcoin Foundation.
]]>On October 28th the FTC released a statement opposing the defendants of the Butterfly Labs case (Darla Drake, Nasser Ghoseiri and Sonny Vleisides) intent�to pay for their attorney fees with frozen funds. If you remember fondly, Butterfly Labs stole that cash from consumers, so the FTC is saying they shouldn’t be allowed�to�use said stolen funds to support/defend themselves. Note that this is just them opposing it, since they aren’t actually ruling on anything. That’s the courts job.
Meanwhile, the Western Missouri District Court just published a new�2 page order saying Butterfly Labs needs to stop acting like a huge asshole or else they’re going to be called into court for�a separate case to talk about their behavior.
So whats been going on? According to the report:
Basically, BFL is being a child, and everyone else is being the adult telling them not to throw their spaghetti at the waitress, then call her fat. There are�no specifics, but we’d like to assume its the same “YOU DON’T KNOW THE TRUTH” stuff, only against “THE MAN”, but without anyone around to point out to them how stupid that tactic is.
Between not being able to pay for their attorneys with stolen funds and possibly having 2 cases against them in the same court, Butterfly Labs�is completely fucked.
Butterfly Labs is currently being operated by a court approved Temporary Receiver (TR). That means that whoever the court places in that role manages the company until the court makes a decision to return control back to the original owners, or something else (in this case, die slowly yet hilariously, like a man falling into an open sewer and suffocating on jenkem fumes). In this case the TR is Eric Johnson of the firm Spencer Fane�and, looking at his bio, is absolutely qualified to do so. The court, if it finds Butterfly Labs innocent (since this is all just a big misunderstanding after all) will give Butterfly Labs back control and resume operations. Presumably then, the orders will be shipped and everyone will be happy until their miners become obsolete in 2 days.
Except that’s not going to happen because Butterfly Labs is clearly guilty. And with the Temporary Receiver and Court being harassed by these idiots, how do you really think this is going to go down? Well, until it goes the way we hope it does, the company cannot do refunds, take calls, or really do much of anything. This affects 20,000 people waiting for orders that will probably not be fulfilled, and with this distraction refunds will be delayed.
And again, to be clear, some of the tasks of a Temporary Receiver is to run the company so that it can make money to get itself out of the hole. This�includes closing entire sections of a business because it costs too much money or finding assets. The FTC is alleging Butterfly Labs stole up to $50 Million in consumer funds and that could mean there might not be enough for refunds.
So the receiver�and the court are�working on a limited time frame here to do their respective jobs, and Butterfly Labs is harassing them, plus the FTC’s lawyers, and potentially stalling this case out so they can take a court ordered “sit in the corner”-type punishment.
So if you do not get your refund, or if its severely delayed, blame Butterfly Labs for acting like gigantic assholes, turning their company into a legal clusterfuck of both existing (but run by a court) and not existing (its probably going to die in court). If Bitcoin is the honey badger, and the honey badger has no fear of anything, maybe its time for Bitcoin to learn some fucking manners and not attack everything simply because it’s “The Currency of the Future”.
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]]>The post Is It Stealing if the Vendor Doesn’t See You Take It? appeared first on Buttcoin Foundation.
]]>I want you to read the following block of text without thinking about how well your day is or isn’t going. This will induce spastic cringes so powerful your sleep apnea will be cured.
The title of this Reddit post is “I just forced a business to accept bitcoin whether they wanted to or not.” The author is unknown, since, as you can see in the picture below, the [deleted] tag is where the name would be (We think its this guy), presumably after the negative shit he got from this post. Here’s the full text:
So today I took my kids to the pumpkin patch. It was a family farm and there were about 100 kids there. So it was nice, kids found their little pumpkins and were happy. Then I go to pay. Well I waited for 15 minutes, but nobody came to take my money. I walked to their house and there was a phone number there to call if nobody was around. Called it twice, left a message. Still nobody came out to take my money. I waited a total of 35 minutes and I don’t believe in stealing, but I’m not about to sit in a car for 30 minute car ride home with a 3 year old and 5 year old screaming at me as to why I left their pumpkins there, so I took them without paying.
Got home, found the farms email address and emailed them payment in bitcoin from coinbase. If they accept bitcoin next year, I’ll go back and buy more pumpkins. If not, fuck them, they will probably be out of business anyway since nobody was manning the register for a full 35 minutes(or longer)
There are many things fucked up about this story. Here’s a short list, and feel free to add in the comments below if I missed anything:
1. Has this guy never been to a restaurant with a shitty waitress, and, instead of waiting for her to take your card, you just went up to the front desk and paid the guy at the register? There are ways around the problem of no one manning the register. One Redditor commented
brycey06
they didnt have a mailbox you could put your money through?
The post Is It Stealing if the Vendor Doesn’t See You Take It? appeared first on Buttcoin Foundation.
]]>The post Butterfly Labs is fucked appeared first on Buttcoin Foundation.
]]>Just like the title says. Logs and depositions are coming out showing how much BFL did to defraud customers, other companies, banks, and whatever else. Some highlights:
You can find more of these wonderful and amazing documents here and here.
UPDATED:
evilweasel posted:
interim order:https://www.documentcloud.org/docum…17531-54-0.html
there’s a lot of boilerplate bullshit but the very short version is they can ship out already paid for and finished machines, provided the customer wants them and not a refund, but that’s about it, and in 35 days they can submit a business plan to try to let BFL continue as a going company. this order is the FTC getting everything they wanted, in practice.
the slightly longer version:
1)they are forbidden from taking pre-orders
2)they can’t even think about touching any money or property of bfl, except to turn it over to the receiver
3)every single ‘defendant’ (bfl AND three of the heads) must bring every asset they own into the US and disclose it to the receiver. every asset, not just ones they might have stolen from bfl
4)every single defendant must also provide a complete financial accounting to the receiver – again, of their personal stuff as well
5)the temporary receiver stays in control and can do whatever the fuck he thinks is best
6)bfl can ship machines to people who want a machine but not a refundwithout an order from the court:
7)bfl is prohibited from “burn-in” testing
8)bfl CANNOT make refunds
9)bfl can’t make any new sales at allnow, they have 35 days to come up with a business plan that:
1)replaces burn-in testing or justifies and discloses it (and what they’ll do with the money)
2)protects customers and their refund rights
3)lets it keep going as a businessmy money is on that business plan gets laughed out of court and the company gets liquidated
FCKGW posted:
from reddit:There are some other intersting items in there
1) No refunds to be issued until audited financial statements are submitted to the court and calculation of assests vs liabilities. They only have 1.2 million in cash on hand and owe ?? from pre-paid orders wanting refunds. Likely to be calculated using the FTCs anyone who wants a refund can request one regardless of BFLs sketchy limitaions.
2) All holdings in Bitcoin to be converted to USD as soon as practical at sub $400 each probably
3) Work by BFL principals is unpaid
4) Business plan will likely require BFL to produce new miners upfront and sell only those units already produced.
5) The principal outside the US doesnt appear to be cooperating with the court / receiver
Seems highly unlikely that BFL and its principals have the capital to cover the liabilities re: refunds let alone front the cost to develop & produce new equipment prior to sale.
…! posted:
The entire order is fascinating. It freezes not just the assets of the company, but also the personal assets of Sonny and Jody. They basically have to ask permission from the temporary receiver to buy just about anything.It also requires BFL to transfer all of their bitcoins to a court-operated wallet. They’ll be exchanged for USD, which will likely go to benefit the victimized customers. I wonder what the “my bitcoins literally cannot be taken away from me by any government unless I so choose” bitcoiners will make of this.
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]]>The post Float like a butterfly, sting like the FTC appeared first on Buttcoin Foundation.
]]>The post Float like a butterfly, sting like the FTC appeared first on Buttcoin Foundation.
]]>The post Silk Road replacement “Project: Black Flag” closes up shop, owner thanks everyone for the free coins appeared first on Buttcoin Foundation.
]]>
Launched on 14th October 2013 not much was known about this project only that its aim was to be a replacement for Silk Road and is run by a character known as �Metta Dread Pirate Roberts� who appears was not involved in the running of the old site but is building a new site in its image with same policy�s and features meaning no weapons, counterfeits or stolen goods. MettaDRP may have had access to Silk Road’s old DB or source code.
Well, our good pirate friend just made off with all the booty! Yarrrrrr!!
Thanks for the coins suckers! You’re on your own now.
I don’t know how these idiots keep falling for it again and again.
Don’t worry though, some anonymous internet tough guys are on the case!
This comment comes from the thread.
I know everything.
I know who you are. More specifically, I know your consumer IP address, your name, your age, and your place of birth. You have not configured your Tor correctly, by the way.
I was able to gain access to the server shortly after you put it up.
I know you used an Ubuntu machine running Apache 2.2.22 on port 4986, binded to 127.0.0.1. Binding to localhost doesn’t magically solve all your security problems, by the way.
I know you used an outdated version of phpMyAdmin to access the PBF database and perform searches and maintenance tasks. I know had set up a crontab to periodically curl�http://ajd4yqq7ngzmqo3p.onion/cron.php. I know you also set up testing scripts on multiple occasions, at�http://ajd4yqq7ngzmqo3p.onion/tt.php(PHPCoinAddress test) and�http://ajd4yqq7ngzmqo3p.onion/ttt.php�(pathetic code with a very insecure method of “tumbling” coins).
More importantly, I know you exported the “sr” database in phpMyAdmin right before the purge. And I know you backed up�www.tar.gz�to�http://ajd4yqq7ngzmqo3p.onion/www.tar.gz. Unfortunately for you, both of these dumps are in my possession.
I recorded all transfers you sent through the bitcoind RPC interface. I have not yet filtered these transactions but it should not be difficult.
Some of the addresses: – 1ABkVAMaLZZFZ4w4zWqTYZnLZBXTfYLKBh – 19YrMzTFJBBvDpv43Bi9nbTPewY7jLqdTK – 1PfDu6ki4XLd7TPBJjih6wY3yzyBaG1h6N – 15Bvuuzu4LtaDc5HKHzK4YCK8TqEftgRVR – 14YpbZ49oqq6pss28WJnjBvQDXhNSGrYXL – 1Ns3GvhgeP8uK6ht3xzZC64xUaZVwygX2y
The database dump I downloaded contains these tables: – orders – users – market – items – messages – navigation – wallets – feedback – bonds – bookmarks
You have 24 hours to respond to this post. If this post is deleted, I will take it personally.
I’m sure that IP will do a lot of good when you tell the cops that some dude stole your money from drug buying website. Chief Wiggum will get right on that!
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