[yebyen]

Given that I ordered two Jalapenos from Butterfly Labs in January and they've just shipped today, and people who ordered larger, more expensive items are waiting even longer, I'd say there's a certain tolerance for waiting when it comes to money and items crossing borders in the Bitcoin community.

[bdcravens]

No, there isn't tolerance. The Bitcoin community feels trapped and accepts fate.

BFL: they refuse refunds. You can get them if you push PayPal a bit, but BFL's policy is that you're stuck.

Mt Gox: despite multiple failures (security breaches, closing when they couldn't handle load, wire delays, etc) they still survive because they're the biggest.

Bitcoin is run by a bunch of hobbyists cashing in. The market will mature, and in time there will be a greasy spot where companies like BFL and Mt. Gox used to be. It's much like the early days of the Internet: early ISPs were charming, but eventually the Internet service grew and required companies that could operate at that level.

[wmf]

If all the companies selling mining equipment are incompetent and untrustworthy, you don't have to mine. I don't any more. You don't have to daytrade either.

[bdcravens]

I never said anything suggesting that all the companies were untrustworthy. I was responding to the idea that Bitcoiners are patient - I was pointed out that wasn't the case, but that some very large players in the industry have backed their customers into corners with little way out.

[makomk]

Given that pirateat40's ponzi managed to take in the majority of the Bitcoin community, I'd say their actions don't necessarily represent sound financial practice.