Incoming Avalon News 8/9/2013 - page 40.

ProfMac

legendary

Activity: 1246

Merit: 1002

Quote from: VolanicEruptor on August 22, 2013, 01:18:33 PM

How about starting a BTCT stock to raise funds for legal action against Avalon.
The action this stock would get would be incredible..

I believe it is illegal to do this in Texas. We brought a wrongful death lawsuit in Colorado, and that was one avenue we considered to pay the legal fees.

We represented ourselves pro se in the Federal court of appeals out of Denver. We won several points on the appeal, by the way.

With my own past experience, I can't recommend that you pursue a lawsuit.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

How about starting a BTCT stock to raise funds for legal action against Avalon.
The action this stock would get would be incredible..

Micky25

legendary

Activity: 974

Merit: 1000

I'm sick and tired of this chinese princess and her SM slave training.

To me it's a clear matter. An analogy:

1. I own a fish restaurant and order 100 kg fish at Avafish Ltd. and pay them in advance. I can earn $5 on each fish order I sell.
2. After several weeks and enquiries that are unanswered, I get, without notice, a delivery of 100 kg fish, but it's half rotten. Thus it can only be used as pet food, which can be sold for $0.5 per kg.

Who in his right mind would pay the full price for such a delivery?

Option a: Adjust the price to the real value the chips have now (< 50%) and refund the rest / ship double amount of chips.

This shouldn't be a problem, considering Avalons purchase price of around $1 per chip.

Option b: Lawsuit to achieve this (and probably more).

There is a lawyer on the forum, Marco Santori, who could eventually be interested in a class action suite against Avalon. https://bitcointalksearch.org/user/msantori-118100

http://www.coindesk.com/author/marcosantori/

Failure to perform resulting in breach of a material term of the agreement and expectancy damages.

He already looked into a similar topic in the past around BFL https://bitcointalksearch.org/topic/m.2290818

I would be in with 5 BTC for a start.

SolarSilver

legendary

Activity: 1112

Merit: 1000

Quote from: fiktionist on August 22, 2013, 12:11:11 PM

Quote from: cardcomm on August 22, 2013, 11:22:08 AM

Quote from: ?? on ??

Quote from: HorseRider on August 22, 2013, 09:53:49 AM

Yifu fuck all the buyers in this delaying style.

Maybe his nickname should be YuFuk from now on...

Y I F U

I'm not sure why, but he certainly did!

Y(es)IF(ucked)U

Maybe we should refrain from the childish name calling and trying make fun of people with foreign names and focus on getting actually something done instead?

Yifu has stated many times he does not follow the discussions anymore on bitcointalk because of all the ranting, speculation and childish behaviour.

You are proving him right

PS: thank you Yifu for delaying chip delivery and increasing the batch #2 ROI ;-)

fiktionist

member

Activity: 72

Merit: 10

Quote from: cardcomm on August 22, 2013, 11:22:08 AM

Quote from: ?? on ??

Quote from: HorseRider on August 22, 2013, 09:53:49 AM

Yifu fuck all the buyers in this delaying style.

Maybe his nickname should be YuFuk from now on...

Y I F U

I'm not sure why, but he certainly did!

Y(es)IF(ucked)U

cardcomm

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

Quote from: HorseRider on August 22, 2013, 09:53:49 AM

Yifu fuck all the buyers in this delaying style.

Maybe his nickname should be YuFuk from now on...

Y I F U

I'm not sure why, but he certainly did!

ibminer

legendary

Activity: 1789

Merit: 2535

Goonies never say die.

My name is Inigo Montoya. You killed my ROI. Prepare to die.
Grin

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: Painful Truth on August 22, 2013, 10:06:39 AM

Quote from: Bicknellski on August 22, 2013, 09:10:50 AM

Where are the chips?
Where is the tracking info?
Refunds / Boycotts till they do.

No refunds according to their "no BS" terms. And boycott won't work since they have the money already.

Lawsuits would help more.

Who says you can't get a refund?
Who says people are not doing the groundwork for lawsuits?
Who says boycotts won't work?

I think having one path to a solution is how Yifu works. I'd prefer to think the community is smarter and can do all three. NO REFUNDS in America? FTC? Think not. Yifu might not like what is coming.

Code:

The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices
in the marketplace and to provide information to help consumers spot, stop, and avoid them. 
To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 
1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints 
into the Consumer Sentinel Network, a secure online database and investigative tool used by 
hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

rebelrat

newbie

Activity: 52

Merit: 0

Quote from: Painful Truth on August 22, 2013, 10:06:39 AM

Quote from: Bicknellski on August 22, 2013, 09:10:50 AM

Where are the chips?
Where is the tracking info?
Refunds / Boycotts till they do.

No refunds according to their "no BS" terms. and Boycott won't work since the have the money already.

Lawsuits would help more.

I agree - this conduct is totally unacceptable and looks like a total Ponzi scheme - using funds from new
victims to fulfill his obligation with the older victims. some (Batch 1, Batch 2, and Batch 3) are thrown
completely under the bus.

Why should we wait any longer, I will definitely consult my attorney and proceed with legal action asap.

Waiting or appeasing is totally useless at this point.

YIFU - no ethics, no morals, just a common crook.

Painful Truth

sr. member

Activity: 294

Merit: 250

Quote from: Bicknellski on August 22, 2013, 09:10:50 AM

Where are the chips?
Where is the tracking info?
Refunds / Boycotts till they do.

No refunds according to their "no BS" terms. And boycott won't work since they have the money already.

Lawsuits would help more.

HorseRider

donator

Activity: 1120

Merit: 1001

Quote from: tiros on August 21, 2013, 03:20:21 PM

Zefir - https://bitcointalksearch.org/topic/closed-avalon-asic-chip-distribution-177827

Code:

2013-04-30: Batch 7 ordered - Expected date of arrival (10 weeks) - 2013-07-09 ---> - 45 days
2013-04-30: Batch 6 ordered - Expected date of arrival (10 weeks) - 2013-07-09 ---> - 45 days
2013-04-28: Batch 5 ordered - Expected date of arrival (10 weeks) - 2013-07-07 ---> - 47 days
2013-04-24: Batch 4 ordered - Expected date of arrival (10 weeks) - 2013-07-03 ---> - 51 days
2013-04-20: Batch 3 ordered - Expected date of arrival (10 weeks) - 2013-06-29 ---> - 54 days
2013-04-18: Batch 2 ordered - Expected date of arrival (10 weeks) - 2013-06-27 ---> - 56 days - received shipping info 
2013-04-16: Batch 1 ordered - Expected date of arrival (10 weeks) - 2013-06-25 - delivered - 2013-07-23 - 29 days late

Avalon - Chips group buy order time frame and deliveries
https://bitcointalksearch.org/topic/closed-refunds-processavalon-chips-group-buy-order-time-frame-and-deliveries-277198

Yifu fuck all the buyers in this delaying style.

Bicknellski

hero member

Activity: 924

Merit: 1000

Where are the chips?
Where is the tracking info?
Refunds / Boycotts till they do.

tiros

full member

Activity: 126

Merit: 100

Just another miner

If Avalon is sending out 40K of chips daily (and Yifu said 40-50K daily), then they are capable of delivering 1 million of chips in 25 days.
That means all of the batches that are being late could be covered according to paul3 spredsheet

Quote from: tiros on August 18, 2013, 03:25:41 PM

Quote from: paul3 on August 19, 2013, 01:04:18 PM

Combined spreadsheet with the avalon payment address (1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU).

https://docs.google.com/spreadsheet/ccc?key=0AiLYkKIHJaIsdHpIaGdUOWRYVUdncTNpNlVKbVhCbEE&usp=sharing

Info about the data in the spreadsheet:

Order: There are some payments that don't have the hole payment amount in one transaction, these have the same Order "ID". For example order 4 -> Payment 1: 700.6, Payment 2: 55, Payment 1: 26.5.

In total there are 54 orders, containing 97 * 10.000 Chips.

You can help out and add missing info about chips group buys
https://bitcointalksearch.org/topic/closed-refunds-processavalon-chips-group-buy-order-time-frame-and-deliveries-277198

bigbeninlondon

hero member

Activity: 742

Merit: 500

I think trade-in and refunds refer to the Avalon units...

hammurabi

full member

Activity: 223

Merit: 100

In post below:
https://bitcointalksearch.org/topic/off-topic-198489

TerraHash CEO is stating that there are no refunds for the chips, while on http://www.avalon-asics.com/ we read:
"(..) We will provide more update as they come. In addition, the trade-in and refunds are being processed."

As I explained in post:
https://bitcointalksearch.org/topic/m.2981991

Receiving chips at this date is rather pointless and new solution should be pursuit for benefit of all parties involved.
Especially that receiving chips is not enough and TerraHash engineers have to produce the boards, arm them with chips, test them and ship them.

"Avalon", "Yifu G." those are great names and those names are at stake here!
I really hope that you will make a decision that will keep them clean and even rise them to legendary status, defeating all rumors once and for all.

Good Luck.

paul3

member

Activity: 99

Merit: 11

Quote from: powpow on August 21, 2013, 02:56:13 PM

Zefir paid for two batches at the same time, 1561 btc.

So it's either the 1st payment of 1561 on that day or the second, only 10K chip difference between the orders.

Sorry that was an error, is fixed now.

tiros

full member

Activity: 126

Merit: 100

Just another miner

Zefir - https://bitcointalksearch.org/topic/closed-avalon-asic-chip-distribution-177827

Code:

2013-04-30: Batch 7 ordered - Expected date of arrival (10 weeks) - 2013-07-09 ---> - 45 days
2013-04-30: Batch 6 ordered - Expected date of arrival (10 weeks) - 2013-07-09 ---> - 45 days
2013-04-28: Batch 5 ordered - Expected date of arrival (10 weeks) - 2013-07-07 ---> - 47 days
2013-04-24: Batch 4 ordered - Expected date of arrival (10 weeks) - 2013-07-03 ---> - 51 days
2013-04-20: Batch 3 ordered - Expected date of arrival (10 weeks) - 2013-06-29 ---> - 54 days
2013-04-18: Batch 2 ordered - Expected date of arrival (10 weeks) - 2013-06-27 ---> - 56 days - received shipping info 
2013-04-16: Batch 1 ordered - Expected date of arrival (10 weeks) - 2013-06-25 - delivered - 2013-07-23 - 29 days late

Avalon - Chips group buy order time frame and deliveries
https://bitcointalksearch.org/topic/closed-refunds-processavalon-chips-group-buy-order-time-frame-and-deliveries-277198

powpow

member

Activity: 84

Merit: 10

Developer

Quote from: paul3 on August 21, 2013, 11:52:55 AM

Quote from: powpow on August 21, 2013, 11:33:53 AM

Quote from: bitcoiner49er on August 21, 2013, 10:58:37 AM

Quote from: powpow on August 21, 2013, 10:48:57 AM

Quote from: bitcoiner49er on August 21, 2013, 09:30:16 AM

Quote from: BitCsByBit on August 21, 2013, 03:27:52 AM

zefir has received his DHL tracking number for batch #2:

https://bitcointalksearch.org/topic/m.2977483

That's it?! One batch at a time to appease the mob, huh? Roll Eyes

They've shipped 490K or 49 batches.

Cite?

Here's their chip address broken down in spreadsheet:

https://docs.google.com/spreadsheet/ccc?key=0AiLYkKIHJaIsdHpIaGdUOWRYVUdncTNpNlVKbVhCbEE#gid=0

One side note regarding the spreadsheet. There are 26 batches ordered at 04/20. I don't have the exact transaction id from zefirs bacht #2, I only wrote it down, where the date fits. We can't be sure if the large order of 20 bachtes is shipped or not.

Zefir paid for two batches at the same time, 1561 btc.

So it's either the 1st payment of 1561 on that day or the second, only 10K chip difference between the orders.

powpow

member

Activity: 84

Merit: 10

Developer