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Topic: How the hell is Avalon affording to pay for chip production?! - page 2. (Read 2109 times)

cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets

If it was me I would at least NEED some of the US$7,500,000 to pay for business expenses

what are your thoughts?

It's not you, it's a business that apparently has money from previous sales or a business loan.
legendary
Activity: 1176
Merit: 1001
Chips are cheap, batch 3 was expensive.
I think that this is pretty much all.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Here is the bitcoin address that Avalon has been using to put all their BTC into when people have paid for a 10K Avalon chip order

https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

Now considering that up to this point it has had...
Total Received   72,654.2 BTC   
Final Balance   72,654.2 BTC
Which means that they have spend ZERO customer funds on production. They've been taking orders for just over 2 months now.

What does this mean? are we all about to get ripped off pirateat40 style or do these guys just not care about money?

If it was me I would at least NEED some of the US$7,500,000 to pay for business expenses

what are your thoughts?
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