Pages:
Author

Topic: Avalon is (unfortunately) a scam. Here is why. (Read 37929 times)

newbie
Activity: 50
Merit: 0
February 03, 2013, 01:56:50 AM
1:-As it seems to stand at the moment we have only 2 or 3 confirmed Avalons “in the wild”  One of those was shipped “express” to an individual who has a “high profile” within the BTC community,  assuring widest exposure of its release and performance. Consider what would be the cost to produce 2 or 3 “one-off” prototypes.
[...]
I am not saying it is, but I am saying that at this point in time. It is difficult to avoid recognising just how closely this situation fits the criteria of a classic scam. 

Yes, consider the cost of producing 2-3 one-off ASIC prototypes...  because apparently you have not done so.

It's about the same as producing 300, in terms of the chips produced.  ASICs have huge setup costs, compared to per-chip costs.





No I have not and you miss the point. Whatever the cost. Undeniably it would be covered by the amount received in the initial ordering. Even if it took 75% of those initial funds to produce the just 2 or 3 prototypes. At the end of the second phase it still leaves Avalon sitting on over US$1,000,000.00 in totally untraceable, unrecoverable funds.

A considerable chunk of change! 

legendary
Activity: 1596
Merit: 1091
1:-As it seems to stand at the moment we have only 2 or 3 confirmed Avalons “in the wild”  One of those was shipped “express” to an individual who has a “high profile” within the BTC community,  assuring widest exposure of its release and performance. Consider what would be the cost to produce 2 or 3 “one-off” prototypes.
[...]
I am not saying it is, but I am saying that at this point in time. It is difficult to avoid recognising just how closely this situation fits the criteria of a classic scam. 

Yes, consider the cost of producing 2-3 one-off ASIC prototypes...  because apparently you have not done so.

It's about the same as producing 300, in terms of the chips produced.  ASICs have huge setup costs, compared to per-chip costs.



legendary
Activity: 966
Merit: 1000
4:-The second tranche of orders is sold out in 24 hrs - 600 units @US$1500 =  US$900,000.00 All of which is all absolutely non trace-able, non retrievable.

Only about 38 units were sold from batch #2.  Not 600.

newbie
Activity: 50
Merit: 0

Discard the hyperbole and review what little has actually happened to date:  

1:-As it seems to stand at the moment we have only 2 or 3 confirmed Avalons “in the wild”  One of those was shipped “express” to an individual who has a “high profile” within the BTC community,  assuring widest exposure of its release and performance. Consider what would be the cost to produce 2 or 3 “one-off” prototypes.

2:-To date, there appears to be nobody else posting with great glee, that they have their Shipping Number or a shipping confirmation. Avalon is reticent about if they will actually ship the complete first batch before Chinese New Year

3:-There is still, as always, very limited communication from Avalon themselves. They are far from forthcoming. Just feeding tid-bits as necessary to keep the ball rolling. That is apart from the opening of the second release orders. Stressing-”no proof” “no refund” “Bitcoin only”

4:-The second tranche of orders is sold out in 24 hrs - 600 units @US$1500 =  US$900,000.00 All of which is all absolutely non trace-able, non retrievable.
    EDIT: The second tranche is not sold out: Due to issues with Bitwallet. Does anybody seriously expect the second tranche to NOT sell out ASAP?

5:-We are now approaching the Chinese New Year which as Avalon has stressed previously will close them down for two weeks.

The execution of a successful scam relies on creating trust, by taking a small payment and providing  what was initially agreed. Setting the atmosphere of confidence and trust for the “big take”
In addition in this particular scenario, we also have the Chinese New Year just co-incidentally occurring just at the time of the opening and closing of the second batch of orders. Potentially giving two weeks grace for somebody, should they be so disposed to vanish.

I am not saying it is, but I am saying that at this point in time. It is difficult to avoid recognising just how closely this situation fits the criteria of a classic scam.  




legendary
Activity: 952
Merit: 1000
can't close the thread.
Yes, you can. It's called locking.
legendary
Activity: 1176
Merit: 1001
make an apology and close the thread. on to the next potential scam.
Already did my apology, can't close the thread.
hero member
Activity: 616
Merit: 500
Portland Bitcoin Group Organizer
make an apology and close the thread. on to the next potential scam.
legendary
Activity: 1176
Merit: 1001
There are still people who claim that 9/11 didn't happen, or was a controlled demoloition, and no amount of evidence will convince them otherwise. Likewise for the Moon landings. Every new piece of evidence is just something to be explained away with handwaving and ever more complex Ptolemaic models of the Solar System, and then ignored and conveniently forgotten about in the next discussion thread. Real Internet super-Herros they are.

911 controlled demolition: I believe.
Fake moon landings: I don't believe. => me, unsure
Face on Mars: I used to believe. => never belived
2012 doomsday: I never believed.
JFK having more than I one shooter: I believe.
Avalon is not a scam: 98.6% believe.

God, we are the same...
legendary
Activity: 2072
Merit: 1001
Let's assume Jeff isn't in on it.

That still doesn't mean it's legit.

He's got a box with spinning fans - that he's pointed at a pool or bitcoind somewhere... whats to stop that machine from relaying this information to an fpga or gpu farm in wherever and them turning on the mining for him.

Sanity requires additional verification from multiple sources.

Until we ~300 users saying "hey I got mine and it's working right now" the jury is still out on Avalon.



Agreed.

If BitSynCom has indeed been shipping ~12 units/day since 20 Jan-- some units should start arriving in Customers' hands soon.

It would be very unfortunate if BitSynCom is simply using jgarzik and the bitcoin foundation to garner more trust just in aim to take more Batch #2 orders with no intent to deliver anything at all...

Time will tell.

Nah. He delivered a working device. It is not vaporware. He has delivered 3 diff products now. He is legit.
sr. member
Activity: 416
Merit: 250
911 controlled demolition: I believe.
Fake moon landings: I don't believe, but some pics were modified.
Face on Mars: I don't believe.
2012 doomsday: I believed. Smiley
JFK having more than I one shooter: I believe.
Sandy Hook: IDK what this is Cheesy
BFL delivers: 90% believe.
Avalon is not a scam: 90% believe.
But I believe that they are lying about what state of production they are in now. They have some crappy prototype, IDK if there are actually more than one, and they post pics of it, first with 3 than with 4 modules and a vid in which you cant actually see what is making those 80+GH/s

+American government knew about Perl Harbor: I believe
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
There are still people who claim that 9/11 didn't happen, or was a controlled demoloition, and no amount of evidence will convince them otherwise. Likewise for the Moon landings. Every new piece of evidence is just something to be explained away with handwaving and ever more complex Ptolemaic models of the Solar System, and then ignored and conveniently forgotten about in the next discussion thread. Real Internet super-Herros they are.

911 controlled demolition: I believe.
Fake moon landings: I don't believe.
Face on Mars: I used to believe.
2012 doomsday: I never believed.
JFK having more than I one shooter: I believe.
Sandy Hook: 50/50 believe.
BFL delivers: 98.6% believe.
Avalon is not a scam: 98.6% believe.
theymos has sockpuppet(s) as mod(s): 50/50 believe. (apologies to theymos for this one)
legendary
Activity: 1904
Merit: 1007
The amount of retardness on this forum is amaizing!
sr. member
Activity: 420
Merit: 250
Let's assume Jeff isn't in on it.

That still doesn't mean it's legit.

He's got a box with spinning fans - that he's pointed at a pool or bitcoind somewhere... whats to stop that machine from relaying this information to an fpga or gpu farm in wherever and them turning on the mining for him.

Sanity requires additional verification from multiple sources.

Until we ~300 users saying "hey I got mine and it's working right now" the jury is still out on Avalon.

hero member
Activity: 840
Merit: 1000
The thing that bothers me the most about this so called proof is, the reason most of you believe avalon delivered as fact is because a reputable member is telling you so. Have you not learned anything? From Bitcoinica's owners running off with a half million, pirate (who everyone vouched for) $5 million plus theft, theymos trying to sell worthless stock, Nefario's bullshit, Patrick's bullshit, Matthews bet failure. I don't believe anyone on this forum and I'm not going to start anytime soon.
The only people who vouched for pirate were in the "lending" business, ran PPTs, or were invested with pirate.
The Bitcoin Foundation and Jeff Garzik are much more trustworthy than any previous scammer.  When has a core dev scammed anyone, or vouched for a scammer?

I am willing to bet Avalon will deliver.  Want to take me up on it?
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
I believe the little man that lives inside the fridge who turns the light on and off might also be in on the 'scam'.
Everyone PLEASE check your fridges today.
sr. member
Activity: 416
Merit: 250
Might have something to do with WTC7 bud...unless you really believe a small office fire can cause a steel framed skyscraper to enter physically impossible freefall and collapse on it's own footprint. If you do believe that, I'd like to sell you a bridge.
I agree here totally btw. Smiley
Seems the only proof you'll accept is for everyone at bitcoin foundation to drive their new 88Gh Avalon to your home, hook it up for you, and hash for you.
And Nope they don't have to bring it, although I'd love that, Smiley just make a nice video showing everything (not some 23 second crap from a YouTube profile that was made the same day), or when someone else, who isn't on AVALON's payroll Smiley posts a nice video, or 10 people post crappy videos Cheesy
full member
Activity: 148
Merit: 102
The thing that bothers me the most about this so called proof is, the reason most of you believe avalon delivered as fact is because a reputable member is telling you so. Have you not learned anything? From Bitcoinica's owners running off with a half million, pirate (who everyone vouched for) $5 million plus theft, theymos trying to sell worthless stock, Nefario's bullshit, Patrick's bullshit, Matthews bet failure. I don't believe anyone on this forum and I'm not going to start anytime soon.

I understand your point, but I think it was completely obvious that pirate was a ponzie scheme. Everyone seemed to know it, they just went with it due to greed. There was no technical reason to believe it was true. It was a straight up "just trust me".

The Avalon ASIC on the other hand does not seem far fetched by any means. The technology seems completely novice compared to the rest of the devices we see now days. It just took a lot of investment to make it even worth trying for this particular application.
sr. member
Activity: 437
Merit: 250
The thing that bothers me the most about this so called proof is, the reason most of you believe avalon delivered as fact is because a reputable member is telling you so. Have you not learned anything? From Bitcoinica's owners running off with a half million, pirate (who everyone vouched for) $5 million plus theft, theymos trying to sell worthless stock, Nefario's bullshit, Patrick's bullshit, Matthews bet failure. I don't believe anyone on this forum and I'm not going to start anytime soon.
legendary
Activity: 4592
Merit: 1276
Jews will be blamed for Bitcoin if it ever becomes successful.

They'll probably be blamed if Bitcoin fails as well.  What can ya do?

sr. member
Activity: 434
Merit: 250
Might have something to do with WTC7 bud...
Might have something to do with WTC 1 and 2 not exactly falling in on their footprint, but more like throwing tons of debris into WTC 7, thus weakening it, and then setting it on fire. And then falling with no faster than Earth gravity would predict. If you want to take this to another thread, feel free. But for the purposes of this thread:
QED to my post, some people have fixed ideas and will never be convinced by any evidence.

The idea of debris weakening it so it could fall directly through the path of greatest resistance(str8 down) at the maximum acceleration allowed by the earth's gravitational pull is so absurd I find it insulting that you even bothered to type it. How can tons and tons of steel and concrete offer ZERO resistance? The answer is painfully obvious btw. If that's all you got then there's no point in wasting a thread as claiming the laws of physics didn't apply that day is not evidence.
Pages:
Jump to: