Bitcoin Forum

First off I want to tell you this is "pure" speculation.   I am reading about this mysterious change of ownership. 

What is they used the pre-order money to develop the die/chip and bitstream and the purposely tank the company to get people to cancel their orders and then the new company actually is just going to build units in China/Asia to mining themselves in the mention "hosted" center?  Besides the total lack of morals, this is a possible way you could fund this type of development. 


Thoughts?

So Toms company sells preorders to fund development of an ASIC. Production gets paid for, but then the company goes under. No one can get refunds. Company B comes in and buys all the ASIC chips, but doesn't sell them to customers, they just mine for themselves and profit while the previous customers that got screwed are the ones that funded everything?

Its possible, but it was my impression that the ASIC Hosting was here in the USA, not in Asia.

From that drunken email, it sounded like it was in Asia loosely because of the Chinese New Year.  Something is really off about this change of events.  CNY for one only hampers shipments for 2-4 weeks depending on the firm.  Also, why did he not official announce who purchased the company? 

There's been no buy-out as yet - that's what the latest update was about and why people have been told to issue charge-backs if they paid by CC.


https://www.btcfpga.com/forum/index.php?topic=1041.0

LOL so Tom tanks his company, before he even has someone to sell it to?! If you're gonna bail on a failed venture, at least sell it to some other sucker first!

At this point, I wouldn't be surprised that IF a deal is even made with this unnamed Asian Company, they never make it into the hands of customers.

This seems to turn out as the next successful scam in the bitcoin world. Unfortunately, this time the scammer catched me too.

Time to write off my btcfpga (and bfl) payments... >:(

Got the charge back in ..will take upto 90 days to get the $$

So is my first scam lesson in BTC world  :'(

Im moving to LTC.... seems like there is a lot more legit people in that space and also about building out the business aspects instead of SCAM MONEY MINING SCAM MONEY MINING

All that glitters is not BTC gold and jesus said "move towards the light...LTC LightCoin"  direct quote 

->"Im moving to LTC.... seems like there is a lot more legit people in that space"

when Bitcoin was 0.04, only idealists bothered. When Litecoin is worth it, it will also get it,s Pirate, Zoutong etc.

90 days!!!!!  wow, where did your money go?

Upto 90 days

Is probably sitting in a Bank account making % for the bank

There are more than 1 rip off merchants in this world...i should know i work for a bank  :'(

P.S No point fighting the machine as the borg would say "resistance is futile"

Learn me about >Zoutong

What was this scam about?

16 year old Hong Kong kid writes Bitcoin Exchange, gets bought up for a quadrillion dollars, then a mysterious chinese mafia relic-hunter multi-billionaire über-hacker proceeds to clean out the exchange. Twice.

You may think I'm yanking your power cables. Unfortunately I'm not.

...thats Golden  :D

I realized last night that Bitcoin actually proves all the de-regulation folk in politics definitively wrong. Bitcoin is exactly what life is like without regulation. Scam after hack after implosion after scam after hack.....

Bitcoin is exactly what free market zero regulation looks like. An absolute mess.

And them times that by a factor of what the real world money market is valued against bitcoin

let say 2^32

It would be pirate * 20k

Thank you.  I have been trying to tell this to all these AnCap folks and they think it will be some utopia.

Markets need some form of regulation or they get manipulated easily.  Just think about a football game without any rules, officials or even a standard field.  It would be more like chaos out there, not competition.

That was not part of the discussion, you're just parroting AnCap rhetoric.   

What we are talking about is this fascination of a utopian vision of a self-regulating markets that isn't corrupt or manipulated heavily.  A market will happen in either a government or non-government but we I am saying is that under either system, they will face these problems unless you have some form a regulation. 

Sure anyone can play football, but what WE are talking about is Professional Football that has a large business economy around  it.  I swear some of these people have no sense on context when they read things. 

Yep, you don't have to look any further then Lance Armstrong to see how when you merge "ideals" with "money" you get "corruption". I don't think there is a professional sport out there that isn't manipulated/corrupted at some time or another and to some level or another.

Our government is self organized.
Footballers are forced to play NFL/NCAA/High School football under penalty of fines and/or expulsion.
Anyone is free to leave the US and try to form a new government on some other playing field, just not this one.

BTC is a place where the sharks eat the AnCappers.
I am a little conflicted about some of these ripoff schemes, given who they are preying upon.
It would probably be for the best if there was less fraud, but there is a huge demand in BTC for fraudulent get rich quick schemes.
Who am I to stand in the way of the free market?  8)

You're a simple-minded fool if you can't figure that out.  Just because someone supports a nation-state model doesn't mean they don't want monetary independence.  Don't get confused that people that support government agree with how things are being run at the moment.

No disagreement but here but the better world is "empire", that is what is failing in my case.  Yes, debasement is happening and it is ridiculous economic justification they are using.