OpenRuby.com

19 Sep '12, 8pm

CEO of Butterfly Labs is a felon, plead guilty to mail fraud in 2007, spent 14 months in prison

Anyone own these products? I mean, if the product is what it is, it doesn't seem all that relevant. ... unless they are making two ASICs for everyone they sell and plan to corner Bitcoin and run some kind of scheme or something, which is possible. Edit: his felony is related to online gambling, which is not necessarily fraud per se in the objective sense. A gambler knows what they're signing up for. If that's all it is, I don't consider it a big deal, and I can see how someone like that would be attracted to the fabulously weird experiment in financial we-don't-quite-know-what-it-is-yet that is Bitcoin. A Google image search turns up stuff like this, which definitely makes it look legit: http://www.butterflylabs.com/wp-content/uploads/2012/06/IMG_3122.jpg Seems to me that somebody found a less-sketchy business in the form of making money by selling shovels during a gold ru...

Full article: http://www.reddit.com/r/Bitcoin/comments/105ii4/ceo_of_bu...

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