for coverage of the origin of this fake story, follow Phinnaeus Gage's detective work:
https://bitcointalksearch.org/topic/m.2874563
Topic: 2013-08-05 Wall Street Journal: ASIC scam announcements hit escape velocity (Read 927 times)
August 08, 2013, 11:18:18 PM
August 08, 2013, 10:56:30 PM
What makes you think Avalon started this rumour?
August 08, 2013, 10:31:03 PM
Ye gads, it even made it to the dead-tree print edition; there's a scan embedded as a scribd frame in this webpage.
What a mess.
What a mess.
August 08, 2013, 10:27:19 PM
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.
Here is The Genesis Block's 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 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.
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.
Here is The Genesis Block's 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 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.
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