Does that NDA cover explaining how anything works? If you say that it can fly but someone asks "how", is that something under the NDA? The video on Vimeo that they "drifted" into the public is heavily cropped and does not give a clear indication of any actual activity. So the first question is this:

1) Do you have proof that it actually sends bitcoins, on it's own, without being hooked up to -any- other devices, wires or batteries, after walking for 10 minutes into the forest, in a dimly lit area where trees shade the device, and your friend 5 feet away holds the same type of device?

Is that the opposite of a non-disclosure agreement?

Thank you for your constructive criticism. We're still working through the long process of being distributed in Barnes & Noble. As was mentioned, the review period is up to 3 months after the first issue is printed. They are already reviewing it and I am in regular talks with the distribution manager for Barnes & Noble's accounts.  The reason nothing is announced is that there is nothing to announce yet. Thank you for the kind words though. We're all looking forward to the already internationally available magazine to be distributed in bookstores as well, even at an almost guaranteed loss to gain exposure to Bitcoin and continue doing our duty. Appreciate the support as always!

I can see how you might think a door that has no keyhole can be good for security but you're forgetting about accessibility.

Not threatened, annoyed by vaporware. Call it overjoy that made me want to announce without a photo, but anyone trying to convince the baker that he isn't baking a cake just because they aren't eating it yet is only going to receive puzzled looks from the baker. If however that baker claims he is baking a cake larger than the oven itself, then you can make some claims and ask some questions (which is what I've been doing to the bitcoincard).

I don't see how anything standard would be able to talk to that non-standard device. I guess we could go out of our way to add specific hardware to our device that would allow it to talk to bitcoincard, but I don't see any company would do that that didn't have a contract directly with the other company. Put in other words, do iPhones have built in receivers for ham radio?

Fair enough. Come back when there are photos. Until then, (advice to others) do not embarrass yourselves again with calling things fake just because of who is developing them. When this comes out and I move on to my next project, is the point going to get across then that I'm serious about what I do and all you need do is wait?

You believe this?


I'm having trouble finding any videos other than the one on Vimeo which shows only one device, highly cropped/edited, all timing between transactions obfuscated, no actual provable process, with a laptop that more than likely sent the coins from the client to itself from another computer to simulate the process. I can be skeptical too, but apparently my reasons for being skeptical are the most logical. No photos does not make something vaporware. Fake videos and inviting investors to a 'secret meeting' screams vaporware imho.

I'll be posting later in the week with more information to parties interested in the Ellet. We've made another change to the form factor that I'm sure will assist in its marketability to non-bitcoiners.

Thanks for following!

I can see that this is just a baiting trolls at this point and will post again here only when there is an update worth sharing with the community. Blatant slander, baseless accusations and further FUD based on individual's opinions of what they think I'm doing will be completely ignored and removed if off-topic.

Thanks!

Personally speaking, I'd be so excited for them for actually creating new technology that billions in technology investments across the world could not put together. It would be revolutionary.

Officially, It wouldn't affect the Ellet at all as the Ellet is intended to be a functional payment device capable of handling -all- relevant payment methods, utilize the infinite amount of existing infrastructure out there, and provide a marketable form factor and feature set that will bring non-bitcoiners into Bitcoin. Bitcoincard seems to be a nerds toy (no offense) with little to no chance of any kind of adoption in a real world environment. Also, given it's supposed form factor, it is more in competition with Casascius coins than the Ellet.

Yifu is also making a secure tablet for Bitcoin transactions. We have discussed this before several times, that neither of us are in competition with each other either as we offer completely different tools for completely different purposes.

The comments on some threads from some detractors that I'm "scared" of bitcoincard is just not true. I was hopeful, but then did my homework. The claims that I'm "bothered" by it are very true. As I was mentioning on IRC, it always bothers me when vaporware takes center stage over similar new technologies with actual working models. It's just a lesson to future scammers that deceptive marketing and flashy gadgets are apparently the only thing that gets bitcoiners' attention.

I as much as anyone else cannot wait much longer for the official Ellet announcement with all the proof everyone is looking for. It's on the top of my priorities now that the magazine is moderately self-sustaining.



This post as well as yours will surely be deleted shortly as they are completely off-topic but I do feel it deserves a response of some sort. The magazine advertisers were in contact with us the entire time. You do not give us much credit for resolving issues and like most in the community assume way too much.

The plans to make a magazine in the first place were mine, but once you have a Board of Directors with experience in distribution, infrastructure, security, etc, you lose your ability to discuss every intimate detail with the open public. I promised that I'd keep the community involved in the direction and content of the magazine, but no one said I had to make it easy for competitors to compete. 

Don't believe me then.

When the videos and photos come out this week too, don't believe them.

When it's announced that 50,000 units are manufactured, don't believe it then either.

When your friends are holding it in their hands and using it on a daily basis, don't believe it then either.

I don't know what you want me to say. I cannot be your babysitter in life.

I exist here in ElletSys to be useful, create interesting services, products and technologies, and to support it with all that I know.

If you're judging me on my presentation, you're probably being thrown off by the fact that in the past I am well known for having fun while doing my job. I'm not going to change that just so a handful of detractors will have less FUD to spread.

If you're judging me on my attacks of other supposed hardware that makes claims that not even Apple would make, then you are wasting your time with me because there are much more prominent figures with much deeper pockets who will say the same thing upon learning of their claims.

Have some patience, argue your points with evidence, do whatever you like. It doesn't change anything.

You lost me here. Are you referring to the website itself which I didn't link to or the actual product which has already been built?

Funny you mention that. Making the first issue of the Bitcoin magazine was a very humbling experience. Despite the constant trolling from the community, I did exactly what I set out to do and everything came together nicely. In fact, when it was finally received by the first readers it received more upvotes on Reddit than any post I've ever seen on /r/Bitcoin  . I think although there were many skills learned during the development days of the magazine, the community is the one who needed to learn a lesson from that one.



You lost me again. Ellet is hardly vaporware. Please state your points and evidence if you expect a response.


I appreciate the words of advice and I'll mull them over, however I think yourself included, many people here jump to conclusions as to the reasoning behind things far too easily. Bitcoinica hacked? "IT WAS ZHOUTONG!" Magazine late? "IT WAS A SCAM!"

I will gladly take the advice of the community but offer the advice of having some patience as well. I'm working on resolving the issues with ElletSys.com as we speak.

That's correct. KickStarter is a final stage and more or less for presentation and sales channels only. Going on KickStarter too early in the game is a huge risk to losing investors.

ElletSys.com is still being developed. In the meantime, you can follow the reddit and discuss relevant topics there.

I'm absolutely ecstatic about the possibility of things working off of a close-proximity network. I don't however think that it will work for Bitcoin the way they're intending. Can't wait to see what can be come up with in the future!

This is a good point of focus for the Bitcoincard's claims as having a solar panel for electricity and an ad-hoc network consisting of other individuals with the card would at least on it's face sound like a good solution.

This issue that needs to be discussed however is that although we would all love such a device (myself included!) it's straight from a fairytale. Anyone in the electronics industry can tell you that the e-ink screen, radio transmitter/receiver and other functions of the device cannot be run by such a small solar panel, in fact, it would need a battery the size of the whole card just to run an hour more than likely.

Also, the network they present does in fact require infrastructure that doesn't exist but could also be controlled by a repressive regime (they can detect signals quite easily and locate them wherever they may be if they really wanted to).

I don't think in 2012 the question is "do we want something decentralized?". The answer to that question is an obvious "Yes". The real question is, "Who actually believes this technology actually works and this isn't just a fishing expedition for investors into a technology that doesn't do what it claims to do yet?".

I realize we're waiting on Charlie, Erik and others to return with more information, but any professional in the electronics field will tell you that the technology they claim doesn't exist yet and won't for another 20 years perhaps. If it were so easy, why wouldn't your iphone just have a solar panel on the back of it? Why would anyone be using GSM/CDMA in the first place?

Ask the correct questions people. A few photos of a shell doth a new technology maketh not.

Would you mind pasting the headers? I am curious if someone is just fucking with you (completely possible).

Allow me to shed some light on how CoinExchanger works. The golden rule of all communication for CoinExchanger is that all communication should be designed to:

• Self-promote
• Belittle the receiver
• Vaguely mimic professionalism
• Get as much attention as possible

This is another Atlas thing where they believe "Any publicity is good publicity".

*gasp*

Consequences will never be the same!

(Look up CoinExchanger posts on this forum for all the evidence you need including CoinExchanger getting caught red-handed by me for creating the sockpuppet Maria).

Anonymous dreams!

Then we'd see new sockpuppets on the forum called "SpermExchanger" and "Tricks".

I agree with this statement.

Regardless of anything else, it's actually not my intention to get under your skin. That was an after-thought based on your response. Please develop thicker skin for these forums for the sake of everyone including yourself.

That said, my apologies for making you feel uncomfortable. I have seen far too many obvious scammers to ignore someone just because I 'think' they might be innocent.

P.S. Getting under people's skin is my specialty if you hadn't noticed. Case in point:

http://www.youtube.com/watch?v=BanADUKgcSA
http://www.youtube.com/watch?v=dGyh9nDG1sQ
http://www.youtube.com/watch?v=hR5e4fs96q4
http://www.youtube.com/watch?v=f-J8uGbybUk
http://www.youtube.com/watch?v=bBBeHlqQYHM
http://www.youtube.com/watch?v=YTFGpY07VA4

Don't watching those just make you want to punch me in the face? Yes? I win then because you just got emotional about a video, which means more hits for the video, which means more profits for me. That is the nature of the game. Recognize it quickly and your skin will grow thicker naturally.  

My reason for asking questions about your intent (which are valid) is that you met a very loose profile. My inquiry alone should not be misconstrued as "disrespect" and should have simple been met with some valid proof. This is not too much to ask and is quite common on these forums overrun with scammers.

This fairytale that I have an issue with you because you are not a fan of Kronos is nothing more than that-- a fairytale. I do not appreciate the ignorance in some of your posts, nor the seemingly amatuerish way you try desperately to connect this forum to the 'real world' with physical threats of violence and constant reminders to everyone that "If this was offline...". It reminds me of goons on IRC whom when I was a kid would say "Give me your address because I'm gonna kill you for saying those hurtful words to me!". Let it go on the record though that I don't understand why Kronos, Bitcoinica, or DeepBit are "bad" for Bitcoin and I think people who say otherwise with no proof, all in caps, are ignorant. Nothing personal.


You are in desperate need of some thicker skin. I'm not your enemy.

That said, after looking into things deeper (as you've forced me to by not answering questions), I've come to the conclusion you're not a scammer, just slightly unorthodox in your manner of speech and activities on the forum. Hey, me too!

Peace