John will be publishing a public address for all sub $1,000 orders and we will be sending out a set of clear instructions on the steps. We will be publishing the details and terms on the 10th and it will be followed up with a more comprehensive FAQ section here and on xcrowd.co.uk.
So John will provide escrow only for sub $1000 orders? Why is that? Why not for bigger orders too?
+1!
Risk dude, x-crowd are an unknown entity, with no experience in either FPGA, ASIC, or IC design, and no previous proof of either ability, or delivery of a product.
John's not going to put his neck on the line for this, so this is a compromise.
If they succeed, no doubt their limit will increase.
John is reputed to be a stand-up guy and a lot of people have good things to say about his escrow service and reputation, but personally I only feel safe paying by credit-card with consumer protection in place. X-crowd are based in the UK, there is very strong consumer protection rules in place here in the UK if you use traditional payment methods, but not Bitcoin.
Still presumably x-crowd don't receive a penny until everyone is happy with their goods via John's escrow service, it also assumes someone is funding their development at huge risk to themselves considering all the points of failure and potential delays as we've witnessed with other companies, so you can assume your money is safe, but John's not content with securing monies over $1k.
