Topic: LargeCoin Pricing Announced; Taking Pre-Orders - page 6. (Read 30323 times)

Just to be complete at the risk of being boring, any document requesting a deposit would also have to state the price of the unit(s) being purchased as well as the deposit amount.

Exactly.
At some point, they will send you an invoice and ask you to wire the deposit into an escrow account.
If the invoice states "wire $4,500", I will simply not do that and thus there is no contract between me and them.
If the invoice states "wire $2,250", I will happily wire the $2,250 into their escrow account.

What I would like to see is a hardship clause in the contract, that in case of DOCUMENTED hardship situations such as serious illness, job loss, divorce, natural disaster the buyer has the right to get his deposit back instead of forfeiting it.
This would add a much-needed human warmth to this icy, windy world of Bitcoin mining.

This concern seems so bizarre to me that I'm concerned I may not understand it.

An order, or a deposit (submitted concurrent with or after execution of an escrow agreement) is for a unit at a specific price.  Who would be crazy enough to provide a deposit against an "order" at an unspecified price?

It has nothing to do with "being able to raise" but it has all to do with
- having only $15K liquid, but $30K (or more) tied up in investments
- accepting the low, but non-zero risk of an anticipated 100% ROI, but not accepting the significant risk of an anticipated 50% annual ROI (i.e. at $30K it'll take about 2 years for the box to pay for itself)

I'm in for one at $15K but it'll be a freezing day in hell when I order one for $30K. Very simple.

^this

I've already seen it said that over 30 orders have been taken. If you are sure of being able to raise $15K but not sure of $30K - you'd be crazy to order.

I actually looked for this answer and could not find it

what methods of payment are you accepting?

thank you for answering it again, ive been trying to follow this thread when I can but I must of missed it - and no I did not sign up for the email.

*cablepair hugs rjk*

For everyone's convenience, I'll answer this again:

1. We're located in Vancouver, BC, Canada.

2. We're incorporated federally, and here's our incorporation information page:

https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7952988&V_TOKEN=1331589171870&crpNm=largecoin&crpNmbr=&bsNmbr=

In Canada, there is only one kind of corporation - we don't have the concept of LLCs, C-corps, etc..

Seriously? If you signed up for emails, it's right at the bottom. I believe it has been mentioned on the forums as well.

To each his own.

Why? For the first 25 customers, it sounds like a deal to me. Shame it will still be so expensive for later customers.

This sounds terrible.

No thanks.

Expected delivery is July 2012. If we miss our delivery deadline, then we will return deposits in full.

Read the first post.

What is your expected delivery time frame?

And can I get my deposit back if you cannot meet your promised delivery time frame?

... we have received many orders. We're quickly eating up the first 25, so please fill in the order form soon if you don't want to miss out. In the spirit of openness, we are already at 31 orders and counting, but it's assumed that some people won't fill out the deposit so please do get your order in.

OK then, another Q&A item:

Q: Will I get my $2250.- deposit refunded if I am not able to get the initial reduced offer price?

Can you finish your sentence?

Okay, everyone. We've read the forums, and have carefully considered the ROI calculations that have been submitted by various of you. We have also talked to many of you by telephone. After much research and contemplation, we have decided to offer the first 25 customers who order a C200 unit by April 15 a 50% discount on our initial price of $30,000 per unit to ensure that we can establish trust with an initial group of customers. This means the deposit amount is reduced to $2,250 per unit, and the unit cost is reduced to just $15,000.

This is a fantastic offer, and since sending out an announcement to our list less than an hour ago, we have received

If you wish to make an order, please visit our order form: http://bit.ly/A53ShJ

Q&A

1. What will happen if my order is #26? Will I still get a discount?

No, we are only offering this discount on first first 25 orders received by April 15, 2012. If your order is not in the first 25, or if we receive it after April 15, then you will be placed on a waiting list, which we will fill if someone from the first 25 orders fails to provide their deposit in a timely manner.

2. Will the price be reduced after April 15?

Probably not. We still believe that $30,000 per unit represents good value when you consider the long term growth of Bitcoin and the potential of a difficulty increase to quickly erase any ROI difference with FPGA-based offerings.

3. Will you offer a smaller unit that costs less?

Not until at lease late 2012. For now, we need to focus on shipping to a small number of eager customers who can validate that our technology works, and help to evangelize LargeCoin to a larger audience of smaller customers in future.

4. Can I order more than one unit at this price?

Yes, you can order multiple units. We have placed an arbitrary cap of 5 units per customer; however, if you have a strong interest in ordering more than 5 units at this time, please contact us. We will consider larger orders on a case by case basis.

5. Who will the escrow agent be?

We are still working this out. When we have the escrow details ready, everyone who has filled in our order form will receive an email from us with a copy of the escrow agreement and full details of the escrow agent. Everyone will have plenty of time to do their own diligence on the escrow agent and the agreement before sending any deposit funds.

6. Why should I trust you guys?

You don't have to trust us. Your money will be escrowed, and we won't use any of it until the devices have been validated by an independent third party as ready for shipping. We won't even take your final payment until you have received the product. This is the reason behind our DRM mechanism, which allows you to try the device for 30 days after receiving it, without giving us any money.

PM me or make a post if you have any additional questions not answered here.