Quote from: Mac65 on March 27, 2013, 11:04:42 PM

Regarding AMC: Hello everyone, I finally got my wings to post. I'd like to repost what I put in the newbie forum about AMC.

I'm a long time computer professional...Hardware, Software, etc. I have a Business friend/acquaintance who recently made and offering on BitFunder and I would like to contribute to the discussion. I personally have known the proprietor of AMC for over 30 years and can testify that he is serious about his business, has operated many businesses, some very successful. He has sent me info relating to his plans to build the mining machines, including diagrams. How many people would be as open as he has been about themselves if they were not serious! Some people have questioned his authenticity because of his grand plans. That is the way he always goes about things. He thinks bigger than most people. To me that is the mark of someone who has the ability to accomplish big things. What ever the human mind can conceive of and believe, it can achieve...(Quote from Conrad Hill, Think and Grow Rich)

I'm sure you mean well, but ask yourself this:

How much reliance are forum users likely to put on a vouch from a brand new account made specifically to give that vouch?

For a vouch to have any value the person making it needs to have a reputation themselves to back that vouch with. One account I've never seen before vouching for another account I've not encountered before has no more value than the single account already had.

I have no idea whether kslaughter has some other account on which he's been active here in the past. If he HAS and he won't use it then the obvious question is why? If he hasn't then he needs to realise that someone effectively new is going to have a much harder tiem selling anything than someone with an established reputation.

If he's run past very successful businesses (as you claim) then why hasn't he linked to them or identified them? All he's claimed so far is he was going to make FPGAs and didn't and he was going to do some semiconductor business and didn't. Being an expert at not actually doing things isn't the perfect qualification for much.

If there's a team with 30+ years of experience then identify them. Otherwise we have to assume the team is one person aged 48 or more who's done a bit of all the listed things - and that the use of team rather than "I" was an intentional attempt to mislead. If there IS a team then what is it? A partnership? a sole trader? Now we know the company already listed doesn't actually exists any more, just what type of business structure IS it?

There's nothing wrong with having grand ideas - in fact it's great that people do. But running a business is more about the small details than the big concepts - you only need one big concept to run a business, you need a LOT of small details. And the plan is amazingly sparse on details. Some businesses you can get away with that on - as they're pretty simple. This one's a bit more complex - and for all the world looks like he's trying to run before having proven he can walk.