• Report: #1036656

Complaint Review: Butterlfy Labs

  • Submitted: Thu, March 21, 2013
  • Updated: Wed, May 14, 2014

  • Reported By: Andreea — Malaga, Spain Other
Butterlfy Labs
10770 El Monte, Leawood, KS 66211 Internet United States of America

Butterlfy Labs Butterlfy Labs Scam Refund Scam Internet

*Consumer Suggestion: You were not ripped off.

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Let`s file a lawsuit against Butterfly Labs!

My order number with BFL was 14821, pay-dated 12/12/2012. I asked for a refund, but I only got 60 BTC and not 193 BTC as I initially sent. I saw a similar "locked thread" on their forums where other folks had the same problem. I paid in BTC, I want my BTC back. I even called Butterfly Labs and the person on the phone was able to produce only two phrases over a 5 min discussion/monologue :

- "we wouldn`t have had this conversation if the price of BTC went down" - totally absurd taking into account the current situation... It`s like saying that the sun won`t rise tomorrow morning. BTC is far from fall.

- "that`s not gonna happen" - I think it will happen and it must happen since BFL is making money out of
buying and selling BTC with funds received as preorders.

What most folks here don`t realize is that BFL DOESN`T NEED TO PRODUCE A VALID PRODUCT, they only need to keep the charade going for as much as possible. [continued below]....
..... THEY ARE MAKING MONEY WITH YOUR MONEY and think that are going to get away with it.

Moreover, when I placed my order, I read a post on BFL forums written by Josh himself (accused of fraud... another coincidence maybe) in which he stated that refunds can be made in BTC upon "special request". Of course, the post has magically vanished.....

As educated consumers, we have the right to defend ourselves against this very well elaborated scam. We can:

- file a common law suit (I am open to offers from any KS attorney that is willing to take them to court)

- speak out online. Use websites like ripoffreport.com, ic3.gov to ask for your money back.

-sooner or later law enforcement will come down hard on the company (unless they are already on to it), so time is the essence here.

- don`t be afraid or ashamed to speak out. It is your money and you have the right to fight for it. Strength lies in numbers, let`s bring down the scammers!

This report was posted on Ripoff Report on 03/21/2013 09:28 AM and is a permanent record located here: http://www.ripoffreport.com/r/Butterlfy-Labs/internet/Butterlfy-Labs-Butterlfy-Labs-Scam-Refund-Scam-Internet-1036656. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Suggestion

You were not ripped off.

AUTHOR: Chase - ()

Sadly you dont seem to understand how the bitcoin currency works. It is very similar to stocks in that is has a USD value assosiated with it. When you bought your item the bit coins had a lower USD value. When you requested a refund the bitcoin had a higher USD value. Due to the higher USD value you were refunded less bit coins. It would be the Equivilant of me buying 10 stocks of Google for $100 a share then trading that stock in exchange for some $1000 hardware. Then in a few months after I have seen the price of google stock going up to $200 a share demanding that the hardware seller trade me my $1000 worth of hardware for $2000 worth of google stock. 

 Sadly you are the one attempting the rip off.

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