Reply to post: Math

Bitcoin burrower biz Butterfly Labs billed $38m for 'bilking' buyers

sisk

Math

So they took $50m in orders, used the machines to generate BitCoin, presumably a mountain of BitCoin with $50m worth of ASICs to throw at it, and settled out of court for $38m. So out of this scam they may $12m in profit plus whatever BitCoin they managed to squeeze out of the machines they were supposed to be shipping. And the we're supposed to believe they're broke? Yeah, not buying it.

Then again when it comes to BFL I never bought it, so, you know....

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon