Bitcoin Forum

Unbelievable.

Avalon duped the Wall Street Journal into publishing an article claiming they had received a $200 million investment, even stealing the name of a famous investor (who immediately repudiated the story).  Here is the WSJ's retraction (http://online.wsj.com/article/SB10001424127887323997004578644491403250124.html).

Here is The Genesis Block's (http://thegenesisblock.com/billionaire-investor-and-samsung-lead-cpu-architect-bet-on-bitcoin-mining/) repost of the article and timeline of the spectacular faceplant/retraction.  For some reason they no longer host a page with just this article for direct linking; scroll down until you see the second headline.  I especially like the part where they explain that at today's BTC/USD rate an investment on this scale ($200m) can't possibly pay off, so if it were true it would have been simpler to just buy coins.

This is just getting out of control, folks.  This is why I don't list products in the η-factor table (https://bitcointalk.org/index.php?topic=119668.0;all) unless the vendor publicly commits to a specific die size and process node.  That alone filters out the amateur scammers who can't come up with plausible numbers.

Ye gads, it even made it to the dead-tree print edition; there's a scan embedded as a scribd frame in this webpage (http://www.teribuhl.com/2013/08/06/the-mess-the-wsj-made-famed-trader-joe-lewis-not-investing-in-bitcoins/).

What a mess.

What makes you think Avalon started this rumour?

for coverage of the origin of this fake story, follow Phinnaeus Gage's detective work:

https://bitcointalk.org/index.php?topic=268180.msg2874563#msg2874563