-= Galaxy 1 - ASIC Announcement =-

[crazyearner]

I love BCT's combined level of detective work.  Once again, In a matter of days, I am amazed at all the work put forth to uncover the dude's background info.  I don't think even law enforcement officials or criminal psychologist could work this fast.

And @ Entropy-uc:  you might be onto something there. >;]

The power of BTC sure is a power not to be F$%^ed with lol

[1715090079]

1715090079

[jubalix]

hahah

after reading the whole thread anyone with a self description like
Usability, Marketing & Business Analysis >Genius<

is a moron and not to be trusted

when I first heard the Avalons had been made this is what made me sit up and go this is for real

the intensive investment to fab a chip is huge...the fact some one did this...means serious things about BTC

[kelpy]

Interested.

[kernelpanic]

First the good news.  Some basic Googling seems to indicate that Max Avroutski is a real person that has some experience in various facets of IT.  This is a step ahead of most ASIC scams where all attempts to research the company turn up nothing before three days ago.  His LinkedIn page does not inspire much confidence though, for example:

"knowledge in business processes and business practices, law, material science, psychology, neuroscience, medicine, manufacturing processes, computer science and more;"

Best case scenario is that this is a very early stage venture that will likely encounter the same issues that the other legitimate attempts did.  Chances of success are slim and none, and Slim is warming up his car to head out of town.

Please do not attempt to preorder anything!!!

Sorry this means nothing, I know at least one guy on linkedin who appears to be highly professional and with his own company with a million $ turn over.
To read his LI profile you would think he personally invented oxygen, time travel, languages and ALL good Ideas.
 Unfortunately I know the guy and his LI profile is just an bloated extension of his imagination.
So I'm sorry but a self mastabatory LI profile is not going to cut it with me. (show me the patents......)

I think you misunderstood my post.

In summary what I meant is that his LinkedIn profile is humorous at best, but there is some confirmation of his LinkedIn job history available via Google search.  IE, he may actually be who he says he is, which seems to be a possibly delusional dreamer with big ideas that are likely beyond his reach.

I think it's 50/50 that this guy is in the very early stages of trying to launch an ASIC (the other 50 being that it's a simple scam)
I think it's 99999/1 that he fails.

[Anvi]

I hope this company has funding needed to develop the ASICs and won't take pre-orders 6 to 9 months early.

[Phinnaeus Gage]

Can someone summarize this thread?

I got lost in all the noise.

A Russian dude is trying to pass himself off as another Russian dude, but couldn't get pass the smell test conducted by a Lithuanian while eating Limburger Cheese.

[shibaji]

I wonder why is mumu not defending himself/herself here ?

[neotrix]

I wonder why is mumu not defending himself/herself here ?

Cause he got caught by our forums sherlock holmes...additionnaly it seem some with big right on forum was helping him ( changing his username...) so don't hope to have more infos from him now... That will just go in a whole forever...

[ChipGeek]

In summary what I meant is that his LinkedIn profile is humorous at best, but there is some confirmation of his LinkedIn job history available via Google search.  IE, he may actually be who he says he is, which seems to be a possibly delusional dreamer with big ideas that are likely beyond his reach.

I think it's 50/50 that this guy is in the very early stages of trying to launch an ASIC (the other 50 being that it's a simple scam)
I think it's 99999/1 that he fails.

I would concur with this.  The only way it will work is if the guy is able to pull together over $2M in funding and a team of at least 3 or 4 very good chip designers.  (Could maybe be done with 2 very experienced people, but would probably require a team of 6 or more.)  The mask set itself will be in the $1M+ range for 20nm. 

This ignores the fact that 20nm is apparently not available until after his "delivery date".  If I cared, I could check with our fab people on TSMC's real schedule.  But I don't care.

[Phinnaeus Gage]

http://web.archive.org/web/20020118041340/http://www.worldcoinsonline.com/

Welcome to World Coins Online web-site! First of all, let me introduce myself. My name is Ilya Avrutskiy, I have been collecting, buying and selling world coins for almost 25 years. I specialize in U.S. Saint Gaudens gold $20 dollars and German States gold coins. But most of all I like coins from Russia (gold, silver and copper). You will find a wide selection of U.S., German and Russian coins graded by a third party grading service (NGC or PCGS) on the web site.

I've yet to check, but I wonder if any users here have, or still are selling, Russian coins on this forum.

Guessing his age: 25 + 18 + 11 = 54.

More math on Ilya/Max age: http://www.linkedin.com/in/MaxAvroutski

College of Telecommunications
Computer Science
1988 – 1991

Probably was born ~1970, making him ~43.

Yet, in 2001, he was buying and selling world coins for almost 25 years. 2001 - 24 = 1977, which would make him 7-8 years old, but no order than 10 when he starting trading coins worldwide--before the internet.

FYI: College of Telecommunications is located in Bulgaria.

[papamoi]

hi phinnaeus

i m jumping to another subject

as you are collecting btc for humanitarian aid,can it be interesting to developp a H(umanitarian)coin on wich the fees or any other charges would go to humanitarian aid

what do you think of the idea?

[GalaxyASIC]

Updated https://bitcointalk.org/index.php?topic=158044.msg1672838#msg1672838

[jayeeyee]

Updated https://bitcointalk.org/index.php?topic=158044.msg1672838#msg1672838

It doesn't matter what you updated.  Majority of Bitcoinians in here don't care much for "coming soon! the new asic device!" unless there's a fully working (prototype) unit and/or solid background information regarding the company/individual who is kickstarting the project.  Sure, it's nice to announce what's going on in your world but most, if not all, of us isn't going to to make the same mistake as we did with BFL, that's a lesson learned.

Even if you're under a NDA, I'm sure there's plenty of information you can provide to us... which at this time is nothing.  I know you said you're not even remotely thinking about taking pre-orders and I hope you stay true to that policy because it will definitely add to the trolls you're already receiving.

All in all.. time will tell.  But for now.. skepticism wins.

[MPOE-PR]

We have to keep our Intellectual Property protected and abide by NDA we have signed with chip manufactures so please understand that there are some things that I can't divulge, but I will try my best to answer any questions that you may have.

BTW, I am not an electrical engineer so give me a break on that. I am CEO.

Scam.

Chip manufacturers don't enforce NDAs on you, you enforce NDAs on them. You are not "CEO", you're just some random noob who really should see here.

Some douche working in "usability" is not qualified to run bleeding edge silicon burning and randomly linking to some social media profile does not lend credence. (Tho I must confess that profile is pretty hilarious).

[kernelpanic]

2013-03-27 - Thank you everyone for your kind and unkind posts. They certainly will keep me on my toes. I will not be engaging trolls by defending me or people with similar names, there is no point. Thanks to everyone who PMed me, but please don't send PM's, I can't stand CAPTCHA so I can't reply to you all individually until I put a system in place, maybe next week, we all have plenty of time. I never had plans to take consumer pre-orders, I wouldn't want to be in BFL_Josh's shoes. I believe that he is trying to do the best job that he can under the circumstances. The only reason that there is a plan to sell 50% to consumers is to bring higher value to the product and reliability to Bitcoin.

2013-03-28 - Several investors demanding faster delivery than we originally planned or is possible due to technology, so while my first team will be working on 20nm ASIC, I will be hiring more engineers to work in parallel on our second chip that will come out first in about 3-5 month. I will not be publicly disclosing the technology or specks and it will only be available to investors since it doesn't threaten 51% attack.

And the scam is revealed...

We aren't like BFL taking pre-order money...  We are calling pre-orders "investments" and only those special people will get our super duper top secret product coming out soon.

Please people, think before you give this guy any of your BTC!  Actually, scratch that - don't worry about thinking, just don't give him your BTC (as an "investor" or as a pre-order) until there is proof of a functional product.

[Jaw3bmasters]

Updated https://bitcointalk.org/index.php?topic=158044.msg1672838#msg1672838

Oh, well then. I also updated your status here.

[GalaxyASIC]

P.S. We will not accept payments in BTC from consumers before there is a product.

[deadweasel]

P.S. We will not accept payments in BTC from consumers before there is a product.

Well I feel WAAAAAAAAAY better about sending you my BTC.      Wait, no, I don't. 


You should wait to 'announce' until there IS a product.

[kernelpanic]

P.S. We will not accept payments in BTC from consumers before there is a product.

Please clarify:

Are you accepting payments in dollars from consumers before there is a product?

Are you accepting payments in BTC and/or dollars from investors before there is a product?

Since you're only selling the secret ASIC to investors, does that mean investors are actually consumers?

And does that also mean investments are actually pre-orders?

[Phinnaeus Gage]

P.S. We will not accept payments in BTC from consumers before there is a product.

Please clarify:

Are you accepting payments in dollars from consumers before there is a product?

Are you accepting payments in BTC and/or dollars from investors before there is a product?

Since you only selling the secret ASIC to investors, does that mean investors are actually consumers?

And does that also mean investments are actually pre-orders?

My partner, obfuscated above (I'll refer to him as Wilson Wilson), have secretly been developing ASIC-based Bitcoin encryption devices for over two years. The product is now ready for ordering.

Unlike the other manufacturers, we didn't do the pre-order game, opting to only take bitcoins from bitcoiners via ordering only. Once ordered, you're more than welcome to come to our barn and pick up your equipment, but please PM us first, but not via a PM service that has captchas, for WW and I can't stand them.

The ASICs are based on 32nm chips for awesome speed. You will be amazed as to how cool the package looks.

The machines run so cool, there are no fans. In fact, we were going to market it as doubling as an ice cream maker, but thought that wasn't wise, so we went with only the beer chiller marketing approach.

Free shipping and lifetime guarantee is also included.

For proof as to who I am, I will be constructing a LinkedIn account as soon I stop laughing my ass off.

One finally thing: I will not be engaging trolls by defending me or people with similar names, there is no point.

~TaraBit Farms~