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Showing 20 of 72 results by drewster
Post
Topic
Board Service Discussion
Re: BitSimple. A simpler way to buy and sell bitcoins.
by
drewster
on 17/04/2014, 04:22:15 UTC
bitsimple.com and tangible cryptography websites have both been down for 2 days.
??  gone?  or what's the deal?
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s
by
drewster
on 22/02/2014, 07:35:04 UTC
Since it hasn't been posted here yet:

Dear Customers,
 
We have just received a call from VeriSilicon and they'll tape out in few hours.
The files have been validated by the 10 servers that have been working for the past 36 hours and they are ready for upload to Global Foundries.
Right now VeriSilicon is going through the review of each department to get the signatures required for tapeout. Once this is complete the files will be sent to Global Foundries.
 
We will update you once the files have been sent (tapeout).
 
Regards!
The Black Arrow Team.


Sweet! Smiley
Post
Topic
Board Bitcoin Discussion
Re: Happy to announce that the Coinality iOS App has been approved by Apple!
by
drewster
on 19/02/2014, 23:25:37 UTC
So one can apply for a job that pays in Bitcoin, but when it comes to spending one hard earned wages one will not be able to use IOS devices. My thought on this is that anyone who holds BTC let alone someone who is paid in BTC needs to stay well away from Apple and its censored IOS.

Edit: Unless of course one wishes to sell APPL short.

AAPL
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s
by
drewster
on 31/01/2014, 18:00:06 UTC
I totally agree...this is fare And just.

I think our compensation should be "cloud hash" equal to 100% of our ordered hashpower, to begin when our miners were originally scheduled to ship, and ending when the miners actually ship.

That would be acceptable. In fact, MegaBigPower did that when they had a delay on a batch.

Fair and just as it may be, it's never going to happen. There is no way they have enough previous generation hardware to accommodate that, which is probably why they are offering the 25%.

I am disappointed with the delay as I am batch 1 also, and no, it will probably not fully compensate, but we all know when you are buying a preorder of a product that's still in development.. a delay is not exactly a surprise.
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s
by
drewster
on 29/01/2014, 13:05:01 UTC
I guess BA is aiming for a surprise delivery? lol


That would be nice! Smiley
I'm pretty much "all in" with BA right now.  I'm not freaking out yet, but definitely starting to stress a little.
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s
by
drewster
on 25/01/2014, 03:01:49 UTC
Actually I feel a little better about BA after reading the last dozen posts.

It sounds like it was a complete cluster-f--k at the time, but:

1- they did right by the customers in fixing all the boards

2- they definitely aren't going to make that mistake again

3- the previous mistake was probably rather costly to them, and undoubtedly chewed into margins and overall production, productivity, and sales. After that, they were still around and probably learned a hell of a lot in the process. During it, they communicated and dealt with the shitstorm.

Now with all that having been said, BA, how are my orders coming along?   :-)

EDIT: I also consider the other recent communication a very positive reflection on the company -- where they came out and said, "hey we can't make this hash at the rate we want at the power level we wanted, but we're making good on our word by dropping the clock rage and bumping the number of cores." 

That is a company I want to be involved with. Transparent and doing right by the customer.


You are incorrect, BA did NOT fix the boards.  Would you send your boards back to a company that already fucked them up once?  I wouldn't.  The boards were fixed by a 3rd party.  By the time the issue was discovered the majority of boards were already shipped to consumers and had to be shipped to various people around the world to be fixed.


Hmm well that blows then.   So what, the boards had to be fixed elsewhere at the buyer's expense? Or how was that handled?

Thanks
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s
by
drewster
on 25/01/2014, 02:35:41 UTC
Actually I feel a little better about BA after reading the last dozen posts.

It sounds like it was a complete cluster-f--k at the time, but:

1- they did right by the customers in fixing all the boards

2- they definitely aren't going to make that mistake again

3- the previous mistake was probably rather costly to them, and undoubtedly chewed into margins and overall production, productivity, and sales. After that, they were still around and probably learned a hell of a lot in the process. During it, they communicated and dealt with the shitstorm.

Now with all that having been said, BA, how are my orders coming along?   :-)

EDIT: I also consider the other recent communication a very positive reflection on the company -- where they came out and said, "hey we can't make this hash at the rate we want at the power level we wanted, but we're making good on our word by dropping the clock rage and bumping the number of cores." 

That is a company I want to be involved with. Transparent and doing right by the customer.
Post
Topic
Board Hardware
Re: HashFast launches sales of the Baby Jet
by
drewster
on 24/01/2014, 12:58:51 UTC
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s
by
drewster
on 21/01/2014, 04:19:33 UTC
I would like to sell 10 prospero x1 first batch first round (25 feb) .... If someone is interested I am waiting offers on private. I would prefer bitcoins instead of fiat.

Hello,

Do you have them on order directly from BA?

How would we handle the transfer?

Thanks
Andrew
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 13:42:17 UTC
Here is your "out". I will lock thread.
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 13:41:24 UTC
I do intend to repost my consolidation loan request in some form or another, and it would really appreciate it if you would not interfere. It is not ponzi, it is refinance.

You have loans out for 7.5btc right now.  If you try to borrow anything further without paying back these loans, blah blah blah.

Martin, where is the email reply from my company that you were going to post?   Or do you only post replies that confirm your hunches?

The real world extends outside of this chat room, and posting baseless accusations is slander that can cause me real-world harm, and we can pursue it as such even if you are in Edmonton.
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 04:05:58 UTC
We'll see in 7 days, when all three of your loans are due, and you'll pay over 1btc in interest alone.

If you manage to pay these off, without resorting to taking out new loans (that is a ponzi), then I will be happy to remove the negative trust I have given you.   Smiley

Only one of my loans is due next week, and two of them are currently costing me nearly nothing in terms of Btc as they were pegged to usd when bitcoin price was lower.

I do intend to repost my consolidation loan request in some form or another, and it would really appreciate it if you would not interfere. It is not ponzi, it is refinance.

Good night
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 03:24:46 UTC
My day job is the business of lending

Which raises a giant red flag. If you actually are a professional lender, why are you paying out 15%-20% on these one week loans?

A professional would go purchase the coins himself and save 20%.  But you keep paying out 20% over and over again.   Roll Eyes

I can see a legit user needing one loan, maybe two if they handle their money poorly.  But a professional lender who keeps borrowing over and over and paying interest? 

I'm trying to figure out if there's an opportunity there, and if it's scalable at all. Specifically, if it's possible to borrower longer term and lend out short. This market is exactly backwards from the standard lending markets.   In most lending markets -- treasuries, mortgages, auto loans, corporate bonds, shorter terms have lower interest rates than longer terms do. That's how banks make most of their money -- borrow short and lend long.

But on this Btcjam it does not seem to be like that -- the longer term loans -- not the loan REQUESTS, but the ones that are actually funded -- tend to have cheaper rates than the shorter ones. I think the reason for this is that only those who have established a solid repayment history are the only ones that ever get funded on the longer terms, regardless of what the rate is. 

So for example it seems common to be able to borrow at 15% for a month (astronomically high by any normal standards) but then lend several times at 10-15% or higher in a week. This is even more exaggerated because many borrowers will do stupid little loans at high rates and then repay them immediately to build rep -- so many times a 7-day loan will be repaid in a day but with full interest. From that point of view there is appears to be a profit opportunity, but the question is if the defaults can be made low enough to have it net positive. And if all that works out, can it be scaled up enough to be worthwhile of the time spent.


Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 02:50:36 UTC
This should go down in history!  Smiley  Or at least be made a sticky for all potential scammers to see.

Well it should also probably be an example for people accusing others of scamming with no basis other than a hunch.
Absolutely, the table turns both ways. No, no evidence... but this is a good example of what could happen to potential scammers. Maybe it will make them think twice. Look at it as your post as the chosen one; but in a good way.

Vod I see you contacted my company and I also heard that they have replied to you. Perhaps you could post that reply here as well for all to see.
Vod, he does have a point. And please do post the response so we can all see.   Now my soapbox: While I think actions like this will deter potential scammers, I think this was done prematurely. This community have to be on the lookout for scammers, we shouldn't assume that everyone is a scammer because he simply "fit the patter of being a scammer." Technically he hasn't scammed anyone yet, hopefully we'll know for sure next week like you said. But next week isn't today. And what if this turned out to be a legit request and this email cost the OP his job? Now we're risking people's livelihood with no solid evidence. This was a rather aggressive/effective tactic, but it could've been presented with a little less accusation. I really love your passion Vod! Kiss  (Hope you're a dude or I take that emoticon back!)  

On a hunch you badmouthed me both here and on the other site, and put this "trust -11" whammy on my profile here, and I have not harmed anyone.  
Personally, I don't trust the 'trust' system because there are more red flags for 'fitting' a profile rather than actually meeting it. But to each his own.

Honestly I don't know how you're supposed to tell who's going to pay and who is going to scam. I did some tiny investments on there too (lending to others), and it's really hard to "guess". A couple that I thought for sure would screw everyone paid up decent amounts on time, and a couple that looked solid walked away without another word.  

I know most here won't lend anything without full collateral. Tomatocage, I gave u a hard time about it, but I don't know a better way.. not really. My day job is the business of lending, and we verify the crap out of everything about everyone, and still once in awhile get screwed -- occasionally out of fraud, but more often out of circumstances -- somebody loses a job, for example.

Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 02:19:39 UTC
Well it should also probably be an example for people accusing others of scamming with no basis other than a hunch.

Hardly a hunch.

Anyone can look at your BTCJam history and see you took out a number of small loans and promptly repaid them to build reputation.  Then you took a $2,000 loan, then a $2,500 loan.  You haven't repaid those, and now you're asking for another $5,000 loan.  (you've cancelled that $5,000 loan and now asked for a $3,000 one instead)

Obvious is obvious, but we will know for sure when your 20% loans come due in a week.   Undecided

https://btcjam.com/users/9705

Yep I know anyone can see the history. And yes I also know that I took smaller rep loans initially. The thing is, both scammers and non-scammers alike have very similar profiles initially, with taking small rep loans at first. There's no way around it... nobody gets any loans if they don't start that way.

I didn't cancel the 5 BTC loan it expired, unfunded, most likely due to your assistance. As I had posted in that loan request, the main point of bit was to refinance two other ones, rolling it forward.

You mention that i have another $3000 loan that is requesting funding , unless I am misunderstanding your meaning, but that is not the case at least not yet.

Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 17/01/2014, 01:36:18 UTC
This should go down in history!  Smiley  Or at least be made a sticky for all potential scammers to see.

Well it should also probably be an example for people accusing others of scamming with no basis other than a hunch.

Vod I see you contacted my company and I also heard that they have replied to you. Perhaps you could post that reply here as well for all to see.

On a hunch you badmouthed me both here and on the other site, and put this "trust -11" whammy on my profile here, and I have not harmed anyone. 

Thanks,
Andrew
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 16/01/2014, 21:23:21 UTC
I can supply this loan for 210 LTC collateral. PM me for deposit address.

Nevermind. It's fairly clear what you're trying to do here.

Yes obviously you would be taking an incredible risk with having more than 100% collateral in LTC.   Smiley
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 16/01/2014, 20:40:21 UTC
You are not listed on their staff page:
http://gfihomeloans.com/staff.php

I will contact them to make sure they are guaranteeing these loans, as you state in BTCJam.

The company is not guaranteeing my loans, my income FROM the company is why they will get paid even if things go to crap.

I will post that on jam in a sec.
Post
Topic
Board Lending
Re: 5 BTC loan - 30+ days
by
drewster
on 16/01/2014, 20:36:38 UTC
Hello,

Looking for small loan for about a month.
Details are all on Btcjam here:

https://btcjam.com/listings/9282

Thanks in advance!

Is this you?

Andrew Benson
Guardian Financial, Inc.
Maple Grove,  Minnesota  55369
gfihomeloans.com/
info@gfihomeloans.com
phone: (763) 400-7500

Yep that's me.
Post
Topic
Board Lending
Topic OP
5 BTC loan - 30+ days
by
drewster
on 16/01/2014, 17:03:59 UTC
Hello,

Looking for small loan for about a month.
Details are all on Btcjam here:

https://btcjam.com/listings/9282

Thanks in advance!