ButterFly Labs Mining Cards and Bitsafe Hardware Wallet ...

BUTTERFLY LABS BUTT BOY BAND BACK: THE STORY BEHIND SCAMMBR

BUTTERFLY LABS BUTT BOY BAND BACK: THE STORY BEHIND SCAMMBR
They say birds of a feather flock together and apparently that now includes butterflies. I recently came across a new crypto/hardware company, AMMBR, doing an ICO that contains at least 7 former members of the infamous Butterfly Labs company in varying capacities.
Interestingly enough, my curiosity was peaked piqued as a family member who was involved with BFL mentioned this project on Facebook and I automatically knew there had to be a connection to BFL because that family member knows practically nothing about cryptocurrency. Unfortunately, it seems he has not learned from his mistakes and is still participating in shady, possibly illicit activities, along with many of his former butts!
I’m now going to connect the dots for you to the people associated with SCAMMBR to show beyond a reasonable doubt that they are a quasi-reincarnation of BFL.
If you go to their website, www.ammbr.com, you can see their team members. Here are some of note:
1.) FORMER BFL Chief Technology Officer: Nasser Ghoseiri
Nasser was the Iranian living in France and one of the three named defendants in the case brought against BFL by the FTC which BFL lost.
BFL CONNECTION:
https://www.ftc.gov/news-events/press-releases/2014/09/ftcs-request-court-halts-bogus-bitcoin-mining-operation
SCAMMBR CONNECTION: Senior IT Consultant
https://www.linkedin.com/in/nasser-ghoseiri-940419a/
2.) FORMER BFL VP of Marketing: Jeff Ownby
Jeff is the infamous character who pulled the trick of buying Buttcoin.org surreptitiously and then chanigng the negative articles to positive. Jeff isn’t listed on the official site, but he’s always worked behind the scenes from my experience as he was never listed as a BFL employee either. While he doesn’t list BFL on his LinkedIn profile, it’s fairly obvious when you read his experience at ForceStream.
BFL CONNECTION:
https://www.coindesk.com/buterfly-labs-accused-buying-blog-hide-negative-search-results
SCAMMBR CONNECTION: VP of Marketing
https://www.linkedin.com/in/jeffownby/
https://www.crunchbase.com/organization/ammbrtech#section-board-members-and-advisors
3.) FORMER BFL Marketing Manager: Jurie Pieterse
Jurie is Jeff’s right-hand man and took over my position after it changed hands once since I left. Wherever Jeff goes, Jurie seems to follow, even on one of their new ventures: https://coinclaim.io/team
BFL CONNECTION:
https://bitcointalk.org/index.php?topic=150803.7895
(ALSO NAMED IN COURT DOCUMENTS FROM FTC CASE TRANSCRIPTS)
SCAMMBR CONNECTION: Chief Marketing Officer
https://www.linkedin.com/in/juriepieterse/
4.) FORMER BFL PRODUCT DESIGN CONSULTANT: Jason Aspinall
Jason was brought in at BFL when the redesign of the BitForce series needed to be done due to heat issues and for a variety of other design issues.
BFL CONNECTION:
https://s3.amazonaws.com/s3.documentcloud.org/documents/1306470/gov-uscourts-mowd-117531-42-7.txt
SCAMMBR CONNECTION: Electro-Mechanical Design & Testing Engineer
https://www.linkedin.com/in/chilled/
5.) FORMER BFL PCB DESIGNEMANUFACTURER: Ankur Patel
BFL used Ankur Patel and his company PCB Overnight for their boards in the miners. These boards suffered numerous problems and could not be produced in the quantity needed.
BFL CONNECTION:
http://www.ftclaw.com/wp-content/uploads/2014/09/FTCButterflyDissolveTRO.pdf
SCAMMBR CONNECTION: Head of PROCUREMENT
https://www.linkedin.com/in/ankur-patel-21552921/

Guess who else is on the team? After checking out their team page, I saw a photo with a few familiar faces. Wanna know who they are?
SCAMMBR TEAM
NOTABLE FIGURES IN PIC:
1.) Third from the left is The Infamous Josh Zerlan, aka Inaba, aka u/NitroWolf, aka BagO’Dicks, former VP of Product Dev at BFL, and now apparently consulting or a part of SCAMMBR according to the “Projects” section of his LinkedIn profile: https://www.linkedin.com/in/josh-zerlan-a4140478/
2.) Four spots to the right of Josh is The Infamous Dave “The Knife” Mcclain, aka "THE MOLE", former BFL Account Manager, who seems to be a part of it as well as he is pictured on their website with their team in a photo which also includes Josh. Not sure what he does there as he has little understanding of cryptocurrency or just about any technical development since the VCR.

BUT WAIT, THERE’S MORE!
SCAMMBR was originally founded in 2017.
(SOURCE: https://tokenmarket.net/blockchain/blockchain/assets/ammb)
(SOURCE: https://www.coinopsy.com/dead-coins/ammb)
However it had two main issues which found itself on the dead coin list until it was recently resurrected, one being lack of interest/exchange listings and the other being a major security vulnerability in the smart contract, and the third being that anything BFL touches turns to shit.
ISSUE ONE: According to the Coinopsy link above, among other interesting reasons, they proclaimed that: “Ammbr was founded in 2017 and is not trading on any exchanges. Was added to the dead coins list due to the fact they did not reach any exchanges after one year and they canceled the ICO.”

ISSUE TWO:THE SCAMMBR SMART CONTRACT BUG:
(SOURCE: https://medium.com/coinmonks/an-inspection-on-ammbr-amr-bug-a53b4050d52)
While this bug affected many ERC-20 contracts, on July 8th, 2018, “John Wick Security Lab revealed highly risky transactions in AMMBR(AMR) contract. It contains an integer overflow bug that could be made use of by hackers calling batchTransfer(), resulting in transferring out tokens without limits.”
This can be seen in this tweet by SCAMMBR where they had to change the smart contract:
https://twitter.com/ammbrplatform/status/1011124298868776960?lang=en

WE'RE NOT DONE YET! SAVE THE BEST FOR LAST!
After doing further research on the SCAMMBR website, because nothing BFL is involved with is ever like it seems, I found some suspect/fake/front companies and astroturfing.
AMMBRPlatform
By all accounts, that sub is highly suspected of astroturfing by shills, employees and their families. Very few posts concern the actual project and the mods are mostly absent. All of the posts repeat the same lines or hashtags, but no comments. Mod u/Jory- doesn't post much in cryptocurrency subs, while u/AMMBRPlatform has never posted.
https://snoopsnoo.comJory-

BLACKBIRD WALLET IS THE BFL BITSAFE:
This is one of my favorite finds as it didn't occur to me until after doing most of my research, but then it clicked suddenly that I knew the design.
BITCOINTALK: https://bitcointalk.org/index.php?topic=4685822.msg%msg_id%
SCAMMBRTECH posted on Bitcointalk on 7/16/18 regarding a new mobile wallet that has yet to come to market, the Blackbird Hardware Wallet. I had never heard of it and apparently, they wanted $299 for it from their shop. Which is...ridiculous. But let's compare the Blackbird Wallet to the BFL Bitsafe that was never released:
PHOTO FROM BLACKBIRD WALLET WEBSITE:
SOURCE: https://blackbirdwallet.io/
https://imgur.com/a/QxGMcPX
PHOTO OF BFL BITSAFE THAT WAS NEVER RELEASED FROM BFL WEBSITE:
SOURCE: https://web.archive.org/web/20160405172202/http://www.butterflylabs.com/bitcoin-hardware-wallet/
https://imgur.com/a/CsVXDbZ
So there you have it folks. Fuck these guys. I spent way to much time on this shit.
submitted by techknowledgy to Buttcoin [link] [comments]

Everything is Starting to fall in place for Bitcoin

Bitcoin is a fairly new phenomena. Nobody at this stage can be sure if it will survive its infancy. But, if we look at the major issues and opportunities surrounding this new technology the signs seem to be all aligning for an exciting two years.
Developing world joining Bitcoin's adoption on the West may be considered slow considering the advantages it offers. And there is a good reason for this. Most westerners in general do not need Bitcoin. We have a fairly good banking system and we can afford the costs associated with it. We accept the yearly $100-200 bank account fee and an average of 2-5% on incoming and outgoing funds. It sounds crazy but if you add it all up an average person in the USA spends over $1,000 / year on various financial fees and this doesn't include insurance costs.
USD 1K is OK for many in the West, but it is out of question for 80% of the world because many do not make much more than that in total.
The benefits of modern banking are huge. Not having to physically move cash is safer, faster which results in efficiencies that make life measurably easier. The developing world could greatly benefit from adopting Bitcoin because crypto currencies can provide most benefits that the traditional financial system can offer and more:
Safe and easily accessible storage of funds on the go. Instantaneous and safe transfers at very low fees. Unlimited number of accounts for various uses for no monthly fees. Easy recovery of funds if primary device is lost of stolen. There are however two major problems with Bitcoin that prevent it being widespread in poor areas. It requires a fairly expensive smart phone and an internet connection. A second-hand Android smart phone that is capable of running a bitcoin wallet still costs at least $100 and the internet connection also requires fairly expensive plans. But the world in changing fast and soon these two factors limiting Bitcoin's huge adoption will fall.
Three things are happening:
First, both Google and Facebook are planning to provide global wireless internet. Google has been working on Project Loon for quite some time. The idea behind Loon is to launch a network of balloons that would beam internet down to base stations that would then provide local free wifi connection for all users in the area. Recently Google also purchased Titan Aerospace which makes solar powered unmanned aerial vehicles capable of staying in the air for years and also capable of beaming internet down to areas without affordable internet connection.
These companies are doing this of course to increase their user bases, but the free internet will also provide plenty of bandwidth for the tiny transactional data that Bitcoin requires to send and receive funds. In the next 12-24 month being able to send bitcoins to the middle of nowhere will become a reality.
Second, several easy to use hardware wallets have been built and are about to be released. One of them is Butterfly Lab's solar powered device BitSafe will start shipping in a few weeks. Another is Trezor which started shipping recently. Several other are in the works by various companies. These devices are currently expensive. The BLF device will cost around $150. These are first generation devices and the underlying electronics are fairly simple. Much simpler than a smart phone.
The price and size of these devices will drop dramatically in the next 12-24 months. We will have $20 slim, solar powered, Bluetooth and WiFi enabled hardware wallets that allow easy receiving and spending of bitcoins fairly soon. In the near future I believe many will own and carry such devices for various purposes because they will be extremely affordable and easy to use.
Third, several dozens of startups are working on lots of different ideas to bring Bitcoin to all kinds of existing devices. There is a way to send and receive bitcoins with features phones though text messaging already. Several bitcoin cards, ATMs and POS terminals are in the works. Add-on systems to existing infrastructure are being worked on as well. Web based solutions like Blockchain.info allow people to control bitcoins without having a physical wallet. All these ideas will mature in the next 12-24 month and make Bitcoin much more accessible than Today for everyone on the planet.
Developed world's extended adoption The consistent growth of Bitcoin adoption by those 6 billion who so far haven't been able to take part in the crypto monetary revolution will encourage Western governments, banks and corporations to take a lead in crypto currencies to maintain their power over the world economy. Several countries already started looking into Bitcoin seriously.
Canada's government last week started an 18 month process to learn and evaluate Bitcoin and other crypto currencies (see video below). Once Canada or another developed country comes out with a comprehensive approach towards Bitcoin many other nations will adopt the same basic approach quickly. Many companies and people who are currently unsure about Bitcoin will also join at the crypto economy. All these events seem to be playing out within 2 years too.
Systemic threats fixed Currently the biggest systemic threats to the Bitcoin economy are the centralized exchanges and pools. These take away some of the advantages of Bitcoin that supposed to be completely decentralized and doesn't require third party trust. Almost every Bitcoin exchange has been compromised in the past. Miners complain about pools not playing fair. Bitcoin users are also uneasy about large pools that can theoretically exert too much power over the network with the so called 51% attack. But all this is changing rapidly and these transitional issues will go away to a large extent. Projects like Bitwasp and P2P Pools are bringing decentralization back to both exchanges and mining pools. These projects are still in early stages, but they will be ready within 1-2 years as well.
Bringing value beyond money Finally, products and services built on top of Bitcoin or bitcoin's technology that are more than money are coming soon as well. Colored Coins, MaidSafe, Ethereum, Counterparty and others are bringing online and offline businesses into the Bitcoin ecosystem that increase the value of the network tremendously by providing more efficient and cheaper solutions to a wide range of problems for people who do not care about Bitcoin itself. These projects are currently either in Beta or recently launched and in test phase. But in a year or two they will start challenging the biggest players in the industry like Dropbox or even Google.
There is a huge momentum in the Bitcoin ecosystem Today. The next 2-5 years will be extremely interesting to watch. It looks like it will be as exciting and transforming as the web was when it started just 17 years ago.
submitted by kitthecar to Bitcoin [link] [comments]

Bitsafe - Bitcoin Hardware Wallet. Securing your Bitcoin is easy!!! Butterfly Labs 25GH/s Bitcoin Miner Short Review 2 New ButterFly Labs monarch bit miners ButterFly Labs Mining Cards and Bitsafe Hardware Wallet - CES 2014 Butterfly Labs

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all ... Home 1 bitcoins to nok 5 bitcoin bignum.h bitcoin bitcoin 0 01 bitcoin dice bitcoin v ?r bitcoin win bitcoins to cad bitcoins w polsce bitcoins wikipedia g bitcoin mining generate bitcoins. domingo, 12 de janeiro de 2014. BTC: ButterFly Labs Mining Cards and Bitsafe Hardware Wallet - CES 2014 NSA ties or not Bitcoin is blowing up. Are you going to battle to your cash utilizing issues like ... Evan vermutet, dass der Käufer Jeff Ownby, VP Marketing für Butterfly Labs, war. Bitcoin ist eine Form von digitaler Währung (ja, man könnte es als gefälschte Währung bezeichnen, aber es wird gegen Geld gehandelt, also gibt es das). Nun, es ist Zeit, es mit tollen Bitcoin-Apps aufzuladen. Speichern Sie meinen Namen, meine E-Mail-Adresse und meine Website für den nächsten Kommentar in ... Butterfly Labs. Home; Animals; Cars; Celebs; Games; Health; House; Lifestyle; Sport; Style; Tech; Home Bitcoin Best ASIC devices for Bitcoin mining in 2018. Bitcoin; Best ASIC devices for Bitcoin mining in 2018. By. knjazmilos - September 30, 2018. Recently, Bitcoin mining has been trending as one of the profitable venture that anyone can invest on today. For more information on how to start ... Butterfly Labs (BFL) is a company that creates Bitcoin mining hardware. One of the earliest bitcoin mining hardware manufacturers offering ASIC devices, Butterfly Labs have come under fire from bitcoin miners who have had to wait patiently due to lengthy production and delivery delays. The company is headquartered is located in Kansas, United States.

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Bitsafe - Bitcoin Hardware Wallet. Securing your Bitcoin is easy!!!

Butterfly Labs Jalapeno 5GH/s ASIC Bitcoin Miner (First Look) - Duration: 2:29. ... ButterFly Labs Mining Cards and Bitsafe Hardware Wallet - CES 2014 - Duration: 5:51. Linus Tech Tips 149,908 ... Bitsafe Hardware Wallet - CES 2014 With Bitsafe, securing your Bitcoin is easy. No need to worry about Bitcoin theft by coin stealing viruses on your PC. Security Offline cold storage solution ... Check out my latest Raspberry Pi project using a Butterfly labs Jalapeno 5 Gh/s Bitcoin miner and a Raspberry Pi Model B running Raspbian. Buy a bitcoin mine... Check out the website http://www.cryptorushnews.com This is a video demonstrating the Butterfly Labs 230 GH/s sha256 mining rig. Like the title says it mines... So in the first 10 or so minutes one of these units produced more bitcoin than they GPU mining for 3.5 days..

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