WTF Avalon? Ship the Chips!

[Stack]

I get the feeling a shitstorm is brewing. Bitsyncom should've known better. The entire community has been on redline for stress/anger/patience due to BFL, even the slightest bit of misconduct will be met with full force by every means available to us - and failure to communicate for 5 weeks is not slight, it's very serious. We want our chips or we want compensation for those chips - simple.

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[Vigil]

I think some of this may have to do with controlling the amount of Hashing power on the network. They think they know best how it should progress and so they are going to keep everyone else from mining until they think the time is right to up the hashing power.

[Stack]

I think some of this may have to do with controlling the amount of Hashing power on the network. They think they know best how it should progress and so they are going to keep everyone else from mining until they think the time is right to up the hashing power.

No. I'm sick of hearing this excuse. If they were being "responsible" they would've cut-off their ordering at so many #'s of batches. NOT take your money and fail to deliver.

[Vigil]

I think some of this may have to do with controlling the amount of Hashing power on the network. They think they know best how it should progress and so they are going to keep everyone else from mining until they think the time is right to up the hashing power.

No. I'm sick of hearing this excuse. If they were being "responsible" they would've cut-off their ordering at so many #'s of batches. NOT take your money and fail to deliver.

I'm not saying they are being "responsible", I am saying they think they have some control over it and are exercising it either for themselves or the early buyers.

[FlappySocks]

I get the feeling a shitstorm is brewing.

Yeah, It's not just individuals investing in mining rigs. This time it's people's livelihoods at stake, setting up hardware building shops in preparation for chip supplies.

[Vigil]

They have to have the chips, they have already made them and sent out product. That means they are either sitting on the chips or lost the funds to pay for the chips or the Chinese won't let them have the chips.

[nightengale]

We want our chips or we want compensation for those chips - simple.

I would like to echo this as well. This is clearly a breach of contract with tangible, calculable damages.

[FlappySocks]

lost the funds to pay for the chips

Maybe they lost the key to that big bitcoin stash they have set up for chip orders.  

[bystander]

They have to have the chips, they have already made them and sent out product. That means they are either sitting on the chips or lost the funds to pay for the chips or the Chinese won't let them have the chips.

I think so as well, once the time is right (as defined by the whichever entity is controlling them), they will quietly ship out the chips. 

[itod]

I think it is safe to assume that Yifu is not holding back the chips for the sake of the Avalon batch #3 customers, that batch is almost completed and the risk of law-suits is too great that he will gamble with it. It is highly probable that chips do not exists at this moment otherwise he would have shiped at least some quantity to stop the commotion.

Key questions is: What is the reason that Avalon doesn't have enough chips to ship? We can only try to guess, so these are few assumptions and some data to back each one:

1) Yifu doesn't have enough money to pay TMSC manfacturing the chips.
Data:
- He stated several times he doesn't control BTC address which received the payments. At the moment we assumed that he received cash in exchange for the control of it, but fact that funds are still siting on that address unspent is puzzling.

2) Yifu is not in control of Avalon design and the data needed for fabrication.
Data:
-  Members of the Avalon team had several confirmed disagreements, and even the chip designer carrying the nickname "Gridchip" was allegedly trying to find another partnership instead of Yifu's. It is also unclear how is Gridchip connected to the giant delivery of Avalon chips to Russia, it may be possible that he is in some way involved in that deal apart from the rest of the Avalon team. Could it be possible that delivery caused permanent split, and Gridchip took some data with him which is essential for chip manufacturing?

3) ... (feel free to add your own)

[User705]

They have to have the chips, they have already made them and sent out product. That means they are either sitting on the chips or lost the funds to pay for the chips or the Chinese won't let them have the chips.

If you are talking gov or army I doubt it.  The amounts are quite insignificant.

[jgarzik]

There is certainly "life at Avalon."  I was poked by the team, to make sure my batch #3 arrived (it did, even after a shipping address mistake, though manual intervention with DHL was required).

[User705]

We want our chips or we want compensation for those chips - simple.

I would like to echo this as well. This is clearly a breach of contract with tangible, calculable damages.

What "contract"?  Under who's jurisdiction?  What was your "valuable consideration" for this "contract" and can you prove you "paid it" and the "entity" you made this "contract" with "received it"?

[pajak666]

What "contract"?  Under who's jurisdiction?  What was your "valuable consideration" for this "contract" and can you prove you "paid it" and the "entity" you made this "contract" with "received it"?

Try trolling harder,
meanwhile no chips no response

Maybe someone with forum trust and reputation will start a GROUP BUY for the Chinese/USA LAWYERS and form a lawsuit?
I can do it but I live in Europe so no real point for me to do that.

[southerngentuk]

I have seen some options on the tor network that could resolve this issue.

It just needs someone to start a group buy, I doubt JohnK would do escrow for such a service thou. 

[ftping]

There is certainly "life at Avalon."  I was poked by the team, to make sure my batch #3 arrived (it did, even after a shipping address mistake, though manual intervention with DHL was required).

Thanks for this update. Sounds like we all just need a healthy dose of patience... Scratch that - an INSANE dose of patience!

[User705]

What "contract"?  Under who's jurisdiction?  What was your "valuable consideration" for this "contract" and can you prove you "paid it" and the "entity" you made this "contract" with "received it"?

Try trolling harder,
meanwhile no chips no response

Ok will do.  People are talking about legal action for something where there is not even a somewhat arguable legal basis.  Assuming all the other issues are provable most contracts for large amounts are required to be in writing to be enforceable not to mention this would fall under international trade and unless this person is in china then disregard what I said as I am not versed in the Chinese legal system.

[-Redacted-]

BitSynCom is a USA corporation, incorporated in the state of Nevada.

[pajak666]

Thanks for this update. Sounds like we all just need a healthy dose of patience... Scratch that - an INSANE dose of patience!

Are you really that cheap? I was screwed with avalon batch #3 and now I am screwed with chips order.
What is any reason to not take legal steps if there are hard proofs?
We already saw the pics of boxes full of chips, too late for them imo

[gtlz]

BitSynCom is a USA corporation, incorporated in the state of Nevada.

The NV corporation was set up by one of those many corporate agent lawfirms.  They accept law suit service documents on behalf of Yifu and then forward them to Yifu.  Yifu is required by applicable state and federal law to keep valid contact methods with the appointed legal representative.

To be honest, this is a criminal matter best handled by the NY State AG since that is where Yifu resides according to the filing documents held by the Nevada Corporation Commission. https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ozwghIfOnmFj64qH4nYDaA%253d%253d&nt7=0  Yifu & Co made advertisements on the Internet for a deliverable product, under the auspices of a US registered entity, with promises of delivery within a certain timeframe.  The FTC and standard consumer protection laws, in concert with Yifu's own claims, solidify his obligation to his consumers.

Yifu is going to end up on the wrong side of an interstate fraud investigation, spearheaded by the NYAG, if he doesn't start answering his paying customers.