Scams – Buttcoin Foundation http://www.buttcoinfoundation.org Buttcoin - It's Bitcoins with Butts! Wed, 07 Jun 2017 22:27:42 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.5 Buttcoin is pooped. http://www.buttcoinfoundation.org/buttcoin-is-pooped http://www.buttcoinfoundation.org/buttcoin-is-pooped#respond Wed, 07 Jun 2017 21:43:04 +0000 http://www.buttcoinfoundation.org/?p=3816 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 […]

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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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Butterfly Labs gets FTC injunction lifted, reaffirms they fucking rock, bro. http://www.buttcoinfoundation.org/butterfly-labs-gets-ftc-injunction-lifted-reaffirms-they-fucking-rock-bro http://www.buttcoinfoundation.org/butterfly-labs-gets-ftc-injunction-lifted-reaffirms-they-fucking-rock-bro#comments Fri, 12 Dec 2014 23:34:45 +0000 http://www.buttcoinfoundation.org/?p=3274 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 […]

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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.

bfl-injunction-lifted

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:

bfl-injunction-lifted2

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:

bfl-injunction-lifted3

Who run this town? Butterfly Labs run this town!

Until the actual trial starts next year and they’re fucked.

 

 

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Your Obligatory Butterfly Labs Case Update http://www.buttcoinfoundation.org/your-obligatory-butterfly-labs-case-update http://www.buttcoinfoundation.org/your-obligatory-butterfly-labs-case-update#comments Wed, 26 Nov 2014 02:30:29 +0000 http://www.buttcoinfoundation.org/?p=3093 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 […]

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What’s happened since our last installment in this series?

BFL8

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.

AttachmentO

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:

  • A look at the FTC’s complaints database between September 22nd-November 18th found 33 new complaints. The complaints had the same “They haven’t shipped” and “I want my money back” stuff you’d expect from a case against a fraudster. Here are just a few choice examples:Just read the last 2 lines.

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.)

FTC6

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?

FTC7

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!

FTC8

No, they don’t, at least not right now. We’ll get to this later.

  • In the evidence above was a transcript of episode 34 of the “Lets Talk Bitcoin!” podcast, where Josh Zerlan, AKA the guy who said that BFL was using mining rigs before shipping them to customers, mentions this:

JoshZ2

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.

JoshZ3

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.

  • Refunds! Ish. Temporary Receiver (TR) Eric L. Johnson, submitted his plan for earning cash back for customer refunds�on October 29th. Around November 4, the plan was ordered and�approved.

TR1

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.

TR3

We did it guys! We got the US Government to take Bitcoins! Victory is ours at last!

You thought I was gonna post the Ron Paul GIF, didn't you?

You thought I was gonna post the Ron Paul GIF, didn’t you?

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 Time “Blake Benthall” Emailed Me http://www.buttcoinfoundation.org/the-time-blake-benthall-emailed-me http://www.buttcoinfoundation.org/the-time-blake-benthall-emailed-me#respond Sat, 22 Nov 2014 14:37:31 +0000 http://www.buttcoinfoundation.org/?p=3060 Blake Benthall is currently in prison, but that apparently doesn’t mean he can’t tweet! Donate bitcoin 1Djziovi8gCjbtfh6WaBEjzt6p5YmFSbZ1 — Blake Benthall (@blakeeb) November 11, 2014 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 […]

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Blake Benthall is currently in prison, but that apparently doesn’t mean he can’t tweet!

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.

bent-email

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:

Blake1

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:

Blake2

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:

Blake3

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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Butterfly Labs Has Become a Legal Clusterfuck http://www.buttcoinfoundation.org/butterfly-labs-has-become-a-legal-clusterfuck http://www.buttcoinfoundation.org/butterfly-labs-has-become-a-legal-clusterfuck#comments Thu, 30 Oct 2014 17:32:55 +0000 http://www.buttcoinfoundation.org/?p=2825 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 […]

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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:

BFL4

Disclosure: This was between pages 1 and 2, so that line is where the page split. The quote is continuous, just like your mom.

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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Is It Stealing if the Vendor Doesn’t See You Take It? http://www.buttcoinfoundation.org/is-it-stealing-if-the-vendor-doesnt-see-you-take-it http://www.buttcoinfoundation.org/is-it-stealing-if-the-vendor-doesnt-see-you-take-it#comments Fri, 24 Oct 2014 02:36:12 +0000 http://www.buttcoinfoundation.org/?p=2772 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.” […]

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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)

Just in case there was any doubt, here’s the original post.

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?

He could have just left the money there, as well. I don’t think anyone would steal the cash, especially if the guy had left a note saying “You weren’t here, I saw a price list, here’s your money, Love, Dave” or something. But if you think it might have been stolen, he could have left the cash in some odd nook and�cranny, and emailed them to say�”You weren’t there, the cash is behind the rosemary” or whatever. There are multiple ways to be a good person.

2. What the hell were his kids doing this whole time? He said he waited 30 minutes. During that time, were the kids with him? If so, did the kids see Dad here steal the pumpkins? What the fuck kind of example is that?!

pm_me_pasta
Good example to show your children.

“No one’s here so we’ll just steal the pumpkins, kids!”

You could have made this a lesson in ethical behavior that they would have remembered. Oh well.

This guy is right. You could have tried to pay and taught your kids “This is the right thing to do”. I thought that’s what you libertarian and/or Freeman of the Land types were all about: Integrity, respect, honor, pulling yourself by your bootstraps, etc. You threw your battle-hardened ideals out the rear window for some pumpkins? The fuck kind of movement is this?

3. The farm did not accept Bitcoin, yet you paid in Bitcoin. User “pm_me_pasta” summed it best:

pm_me_pasta
Couldn’t agree more. From the farm’s point of view:

“Hey mom and pop pumpkin farm, no one was attending your register so I helped myself to some of your stuff. Don’t worry I’ll pay you later in Japanese yen.”

Assuming this is a working farm, they don’t have time to figure out what a Bitcoin is, let alone get payment for it. I know CoinBase, its where I keep my BTC that I have no idea what to spend it on, but sending and receiving payment are two completely different experiences.

If your sending, say to your bank account, it takes me 3-5 days to get it transferred. If I’m sending it to Silk Road to score some smack, its 10 minutes. If your sending it to that farmer, he has to set up a CoinBase account, then his bank info (With Routing Number, Bank Number, Account Number, etc.), then wait for the bank to be verified, which can take 2 days for them to do that thing where they send you some pennies and you see what the exact amounts were. Then converting it from BTC to USD takes 3-5 days.

That’s 7 days to receive payment. YOU COULD HAVE JUST KNOCKED. Which brings me to my next point.

4. WHY DIDN’T YOU KNOCK? There was 100 other kids there, it was a well kept family farm. You mean to tell me you went to one spot and waited for half an hour, and that’s it? I understand, they should have been there, that is a point against them, but they had to have been somewhere! Its a family farm! Go to their front door, they won’t mind you bothering them! Your giving them money! And even if you are bothering them, like they’re having a family emergency or something, you ask where you can leave the money. Or your just leave the money by the register with a note of what you took. Or you leave without pumpkins, and tell your kids you’ll come back later. But you don’t steal! Why the fuck did you steal the great pumpkins?!�Did Linus put you up to this?

great_pumpkin

“Did you get the pumpkins, lil’ bitch?”

5. There was a phone number, you called twice and left a message. With all we have established, you could have, from that point onward, been polite enough to say in the message anything we have suggested here. But assuming your a smart guy, which, from what we’ve seen, you aren’t, there is another option: Just leave.

Leaving could have fixed two problems:

1. I wouldn’t have had to have written this!

2. Your kids could have learned a lesson.

But you didn’t want to waste gas! That’s why you stole, because your kids were miserable without the pumpkins!

Your kids went to a farm with “a hundred other kids”, had a blast, and might have a great memory of their dad getting them some pumpkins to carve later. But when they find out�that you stole them, that memory is going to be tainted.

The reason we think user “peilthetraveler” is the original poster is because of this comment:

peilthetraveler
Yeah, probably should have just left the pumpkins, I would’ve had to suffer with 30 minutes of screaming kids, then I would’ve got home and been so pissed that my time was wasted i would’ve got on yelp and dragged their name through the mud, plus since its a small town, got on facebook telling everyone how bad the customer service was, cost that farm hundreds of dollars worth of business(maybe more because once I told everyone there was nobody manning the cash register all the “real” thieves would’ve come out of the woodwork to get the easy pickin’s) and then we all suffer greatly.

At least my way, they got their money, my time and gas wasn’t wasted for nothing and kids are happy. It was the lesser of 2 evils.

This guy makes it sound like he’s in control of everything here: If he does get his way, the kids love him, he didn’t waste his gas, and they have pumpkins, which kids love, cause its like legal stabbing.

If he doesn’t get his way, though, no problem, since he can do a negative review on Yelp and cost them hundreds! Then go on Facebook! And then we all suffer greatly, cause where else am I gonna steal pumpkins next year! I’m such a sadist!

great_pumpkin

“Bend over.”

Also, he implies that if he had bitched about the farm and its lo 30 minutes+ of unmanned register control, the “Real Thieves” would steal straight from the unmanned register, because that’s a thing that happens.

2 points I want to make here:

1. You stole. You may pass it off as “I paid in Bitcoins, whether they like it or not”, but they don’t accept it. Like I covered earlier, its hard to get that money if you’ve never been set up to accept Bitcoin before. And to any business, revenue is important. So they have lost money on you taking product, ergo, you stole. You had 30 minutes (Or longer, since you weren’t being rushed) to put money down, and you didn’t. You can claim “Bitcoin!” until your blue in the face, but meanwhile the farmers you stole from are�out whatever they charge (Lets say $5 a pumpkin), which does add up, over time. To offset that, they may need to charge extra on a few other units, because that’s how stores offset the costs of stolen merchandise.�You robbed them, and they’re the bad guys?

2. When I said earlier “Just leave the money on the counter with a note”, I mean that. No one is going to steal that money. There’s 100 loudmouth kids there. Assuming they didn’t all get there on their own in a massive horde of toddlers, their parents are there. And the average Joe that would take their kids to a pumpkin patch has enough moral lessons and ethics to see a note on the table or just cash and not take it. The only people who would do that are lowlifes who steal. And, as we have seen in point one, that’s you.

This guy�had no control here. He took the worst possible avenue. And things weren’t going to go that horrible “I’m going to post on Yelp, and I hope they lose $10 billion trillion quadrillion dollars because I had to wait for 30 minutes while they milked cows or something” direction either, because it doesn’t work.

When Amy’s Baking Company was on Kitchen Nightmares, its Yelp rating was one of the things they bitched about the most. Its what got them on the show. Yet look at it now: 3 star rating. Its never been a question of it being a shitty place, its not. It looks nice, the food is decent at worst and fantastic at best. Gordon Ramsey said it was a pleasure to be there when he did his inspection of the place. The problem wasn’t the food, it was the owners shitty attitude and behavior! And yet, despite the beating they got, they’re still open. That is one of the worst examples of Yelp being used to “Take down” someone, and they’re still fucking here. If the whole fucking internet, with all its lethargic muster, couldn’t bring down Amy’s Baking Company, then you can’t bring down “Fuckin’ Pumpkin’ Inc.” because they weren’t there to complete a transaction. And, again, your the asshole here, because your the one that stole.

6. What the hell possessed you long enough to get onto Reddit and brag you ripped off a family farm. Did you seriously think that was going to go well?

In the words of Bill Maher:

“I can’t even think of a suitable analogy for that disconnect. Its like thinking getting a handjob will clean your garage”

Those are just some of the quick thoughts I jotted down. If I missed any, let me know below, so I can steal them and update this article pretending they are my own.

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Butterfly Labs is fucked http://www.buttcoinfoundation.org/butterfly-labs-is-fucked http://www.buttcoinfoundation.org/butterfly-labs-is-fucked#comments Mon, 06 Oct 2014 17:12:01 +0000 http://www.buttcoinfoundation.org/?p=2408 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 […]

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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:

 

BFLfucked03

See below

M4J11vT

HOW CAN I GET ONE OF THESE

BFLfucked04

I can single-handedly build a house faster than it takes for BFL to ship.

BFLfucked02

Box of fans� is apparently an official BFL product

BFLfucked01

Yes what is �structuring�?

 

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 refund

without 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 all

now, 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 business

my 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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Float like a butterfly, sting like the FTC http://www.buttcoinfoundation.org/float-like-a-butterfly-sting-like-the-ftc http://www.buttcoinfoundation.org/float-like-a-butterfly-sting-like-the-ftc#respond Tue, 23 Sep 2014 16:30:38 +0000 http://www.buttcoinfoundation.org/?p=2397 At FTC�s Request, Court Halts Bogus Bitcoin Mining Operation At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as �virtual currency.� The FTC�s complaint against the company and its […]

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At FTC�s Request, Court Halts Bogus Bitcoin Mining Operation

1290904111787

At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as �virtual currency.�

The FTC�s complaint against the company and its corporate officers alleges that Butterfly Labs charged consumers thousands of dollars for its Bitcoin computers, but then failed to provide the computers until they were practically useless, or in many cases, did not provide the computers at all.

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Silk Road replacement “Project: Black Flag” closes up shop, owner thanks everyone for the free coins http://www.buttcoinfoundation.org/silk-road-replacement-project-black-flag-closes-shop-owner-thanks-everyone-free-coins http://www.buttcoinfoundation.org/silk-road-replacement-project-black-flag-closes-shop-owner-thanks-everyone-free-coins#comments Wed, 30 Oct 2013 00:01:51 +0000 http://buttcoin.org/?p=2139 After the Silk Road got shut down by the Feds, many replacements popped up, all vying to take their place at the top of the illegal drug trade pile. One of these sites was Project: Black Flag.       Launched on 14th October 2013 not much was known about this project only that its […]

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After the Silk Road got shut down by the Feds, many replacements popped up, all vying to take their place at the top of the illegal drug trade pile. One of these sites was Project: Black Flag.

Black-Flag-screenshot

 

 

 

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!!

 

project-black-flag

 

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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