Bullshit. In order for something to be illegal in the U.S, there needs to be a law that says it's illegal. What law says it's illegal to say "investment" or "return on investment"
Earlier you were saying it was fraudulent to buy something with a credit card with the intention of canceling the order, which is clearly bonkers.
I accept the terms and the potential risks involved with placing an order."
If you want to hold and transmit money in any way you will need to comply with money transmitter laws. Bitcoin has been recognised as a currency on a Federal level. Bitsyncom has claimed to offer an investment by which they hold your funds and offer a return over a given period and then made you click to agree to those terms.
To compound this, there is the shadiness of the fact they pre-mined and purposely delayed equipment with a premeditated knowledge of the effect on promised returns, this is known and provable and had a direct detrimental effect on their customers 'investment', along with the allegations by their own staff they were in possession of significant numbers of chips from the end of June, before dropping all contact for a couple of months until legal action was threatened.
There is a significant difference between the above and what they should have stuck to, i.e. they manufacture a machine that spits Bitcoins, that is all the machine does, and is not priced on a return on investment.
Again, what you are saying is totally insane. FinCEN SPECIFICALLY EXCLUDED people who SOLD PRODUCTS WITH BITCOINS from needing to register as money transmitters or needing to comply with KYC. It's not illegal to sell stuff with bitcoin in the U.S without registering as a money transmitter.
Secondly, bitcoin isn't even recognized as a currency at the federal level, a single judge in one case said it could be money regarding the PirateAt40 case. That only applies to that single case, and if upheld on appeal at the circuit level would only apply to the circuit (a group of states).
Pirate would have to appeal the case all the way to the supreme court and lose in order for that ruling to be the official law of the land.
You don't live in the U.S. and you clearly do not understand how the US legal system works, or what the laws actually say.
Obviously if Yifu refused refunds and never delivered the products, he would be likely be sued and possibly lose. However, giving the refunds it's unlikely a lawsuit would be successful, and if it was it could only be for the cost of the boards, etc that people purchased in anticipation of the chips.
Claiming that Avalon units were financial instruments simply because he used the word 'investment' or "ROI" is insane. People use the word investment all the time when advertising products. Things like awnings or clearcoat for your car are advertised as "great investments"
If you think it's illegal in the us to use the word "investment" when advertising a product then show me the specific chapter and paragraph in the legal code that makes it illegal. If you can't find it, then you can't make that claim, period.
Also, you seem to be getting more and more shrill lately. I have no idea why you're hammering on this bizarre legal theory about Avalon but it's definitely completely insane.
Oh shit, better lock that guy up!
OMG THAT GUY IS SELLING COMICS AND CALLING THEM INVESTMENTS, AND EVEN USING NUMBERS!? HOW IS THIS MONSTER NOT IN JAIL!??!!?
Seriously dude you seem to have lost your mind.
If it was illegal, there would be a specific law that said it was illegal. Of course, there isn't, because it's obviously not.