LOL, this guy.

Yeah, especially since BCT was one of their biggest sources of customers and they were on it constantly at the beginning, defending and explaining their product and the history of their company which had changed its name and ownership several times.

Some folks reported getting some refunds awhile back.

Well people have tried that and were kicked and banned, from what has been said and shown.

Whynot just post it here if you have it, or can get it?

Would you like to provide detailed contact info for Zeldaboy? That may also assist the folks researching.

And while it may seem trite, the fact that you were co-owner does legally implicate you. It doesn't mean you're guilty, but if someone/folks actually do pursue legal action through the US, you would absolutely be called in. Just a heads-up so you don't get too emphatic with your responses here and potentially cause an issue for yourself.

Damn Bible thumper people!

It bothers me so much there's still apparently not an official 'these places take potcoin' section on the potcoin website. Or did we miss it?

This suggestion sure sounds familiar.

Commercial typically indicates business-to-business. Merchant usually means someone who sells to anyone who will buy. In the context of what I was saying, I simply meant merchant as in any willing vendor who will sell to any willing person. With NLG, I can buy food. I can place bets on World Cup. LTC has been used for all of this and more. You see what I mean?

With POT, I can buy.. a keychain. Not exactly the merchandising strength compared to NLG. Not to say it isn't capable down the road. Eventually.

One day.


Someone has definitely been smoking their paper wallets. lol

Litecoin and NLG come to mind. Both being used in various merchant capacities, with NLG growing faster than LTC.

They're not a start-up, they've been around for many years. Which is the point I'm underlining, why are they having issues? They weren't a cryptocurrency company to begin with, and it's still not their primary business according to their filing. So something else is going on. (edit: they recently got into crypto last year, according to them, but defended the length of the business for over a decade)

KNC dropped credit card processing as a strategic move, because they needed to keep as much cash as possible after their 2nd batch of original gear. This later became clear when people found out what they did with their 90%+ profit margin and startup money. Paypal was a fluke, I'm surprised they offered it because Paypal doesn't like doing business with cryptocurrency companies.

AT can't expect everyone to remit full payment if they can't offer credit processing, as it was something they offered during initial buy-in. So many people expected to remit remaining payment with credit. Without that, they're going to lose a lot of funds.

More and more reasons to question their capabilities to follow through. So far during the last 90 days it's been fly by the seat of their pants, design changes (feature removal) after money has been taken, failed to meet their spring deadline of final chip design (or whatever they called it, they just recently completed that), no answer to the CE issue (which requires another feature removal or worse), no 'transparency' of value at all through any part beyond the initial payment acceptance.

And, speculation here, if they don't have the funds to back credit processing, how are they going to have funds to complete system buildout, testing and shipping, if most of their userbase has failed to provide payment?

I'm simply examining facts. This isn't FUD. If I had an order, I sure wouldn't remit payment.

Slight difference between KNC and AT: KNC is an experienced engineering/design team with delivered results, using a pre-existing platform which has been proven. The chassis, overall design, etc.. all pre-existing. Suppliers? No issue there. Assembly and testing? They have several teams and access to automated systems. Their Titan series didn't require any physical changes or supply differences. The mainboard and ASIC were the difference. They already have everything else.

Alpha Tec? To my knowledge.. none of that. They admitted they hadn't even figured out the physical case redesign. They're a mom and pop who are outsourcing as much as they can, and to date have admitted that it's all fly-by-the-seat-of-the-pants in order to make their own deadlines. It's not to say they can't do it just because they're a smaller outfit.

It's just that, with so many odds against them, and their lack of clarity and response, and the fact they can't obtain credit card processing after a month of trying, is cause for concern.

And from a personal standpoint, why on earth doesn't a company like this already HAVE credit card processing?

I always feel bad for folks in these situations. All it takes is for the interested parties to group together, assess their total losses, and contact authorities.

Folks are still remaining calm, months after the 'just days away' notices.

Here's an image of how they look:



Hahahaha

So much for that guy being a "Christian" and answering a few questions.

I guess his version of Christianity includes deceit, lack of truth and justice...

Interesting thread to follow.

You mean the payment processor they were supposed to have working before June 5th? I can go to any bank within a 5 mile radius, and for $250 I can acquire credit/debit card payment processing, even without having a bank account at that bank (it just costs a few more to setup). And yes, this is with business registration. There are at least 20 online processing companies who will have you setup in 15 minutes.

There's something preventing them from getting this otherwise extremely easy system in process. Any sensible person who understands business has to ask themselves, what is that? Something doesn't add up, unless there's been some shady stuff in your business/personal history--typically fraud. This is all speculative thought, but it's worth wondering why they can't get it.


Their announcement should've come 1-2 months back (which, coincidentally, is in line with their original projection of foundry/bump/chips). If you've been following the concerns here, there's legal and engineering deadlines/milestones which aren't physically achievable right now, even if they had functional chips+pcb's, if they're expecting to meet their July deadline without any further changes.

No, CE certification requires that the system be tested as the consumer is designed to use it. Which means even if you just toss a power brick in the box.. this is how the CE labs have to test it.

Which is why they physically can't make deadline without removing the PSU from the equation.

Well the issue is, they can't physically make the deadline at this point. Legally. Unless they change their design, again. Examine the CE certification process. It's required because they're including PSU's. If they don't include PSU's in the design, then that's one less thing to worry about, but now the end user will have to worry about it.

If they include PSU's in shipment, they need CE certification. Which takes 2-12 weeks (at best, with bribes), and they have to supply machines off of the assembly line. This means that they'd need to have already built the machines and had them in CE process weeks ago.

Unless they issue a fake CE sticker, or ship without CE certification -- both will cause the items to be held in customs.

And this is just one of 3 major issues which is cause for concern on their deadline. When asked about it, they have banned / ignored customers. While your experience with them may have been genuine, the fact remains they physically can't meet their deadline.

The fact they stopped posting on here to support their original base, makes it very clear what's going on.