would be quite ingenious to get customers to pay in BTC in june at $7 (or woteva) and then when BTC is $14 refund due to no product.
Ofcourse you would be refunding in USD, so company X makes $7/BTC for doing nothing.
why the hell is no one doing that ?
hmm Perhaps I shall start producing ASIC's... hopefully my maths is correct
Your argument may work for Tom's ASIC company, but not in this case. All the bitcoins were converted to dollars via BitPay and are currently all are on deposit in some bank. The best one could claim is that if all the pre-order monies are returned via the reverse process, BFL would have earned interest on ~$2M.
Note Joe didn't outright state that he's lying, perhaps to protect his brand. I, too, have read and own his book, and noticed the micro tell when the video was first linked and before discussion was offered on it, but opted to only register the information oppose to commenting on it like I'm now doing here.
There's marshmallows at both camps: It's a scam; BFL is a viable entity, albeit stumbles for opting to be pursue uncharted territory. Unfortunately, the marshmallows taste the same in both camps, so one has to choose witch camp they want to be seen in and whom they desire to associate themselves with.
Given just a little more time, we hope to learn if Schroeder's Chicken's feathers were ruffled in Pandora's box of fans.