Quote from: trigeek on July 30, 2013, 03:17:23 PM

Quote from: Wayne_Chang on July 30, 2013, 02:58:24 PM

As you guys can assume Bitsyncom is holding back the chip shipment, why I cannot assume there is no chip available?
I am not questioning on TSMC is delaying the chip. I am questioning did Avalon really passed the chips order to TSMC on time just like they said.

If that's really what you're saying, it's FAR FAR worse. That means they took in almost EIGHT MILLION DOLLARS worth of people's money, and then again, either through incompetence or malice, just sat on the money for a while. I don't think that you guys realize just how much money is at stake here with these chip orders. This isn't just a few pieces of hardware, this almost a million chips. With no possibility of a refund, unlike batch 3 orders.

People were willing to give them the benefit of the doubt with their custom designed and assembled hardware because there are lots of places that can fail or be delayed...but they're acting solely as a passthrough here. They basically just did the biggest group buy in the history of the internet. They took in a bunch of money, picked up the phone, and stuff was supposed to be ready two months later. It should have been foolproof. Now they're a month late and not telling any of the people they took eight million dollars from a damn thing.

Don't believe me? Take a look at this bitcoin address. This is the payment address for chip orders: https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

Notice that all the payments received are ~782btc.

Yifu alluded to that address having nothing to do with him...although he didn't deny it either;

https://bitcointalk.org/index.php?topic=227103.msg2399090#msg2399090

Quote from: BitSyncom on June 07, 2013, 08:23:24 AM

somebody called and woke me up in the middle of the night for this, so I'll keep it short.

1a. see the conference video, I thought that's an update; for the lazy http://www.youtube.com/watch?v=LY1xgGiejIc
1b. also got cornered after the panel and somebody took this : http://www.youtube.com/watch?v=UtVx26LlNXA
2. an update incoming in < 1 week, pretty exciting.
3. we fully understand there is problems with orders ( no way?! )
- we can not address these issues IF WE DO NOT SOLVE OUR PRODUCTION ISSUE then we can not DELIVER at all.
- so until that happens, get all your information ready and bump the ticket if it makes you feel better, or just wish to complain and blow off some steam. ( please do not create new ones though, usually looking at the support system ticket insolvency merging at least 5-6 other ones first... ).
4. this forum is a giant waste of time, get back to coding, go outside, hug your mother, do something,

lastly, food for though:

who says we control that address in the first place? Wink

I'm just wondering, and genuinely not to spread FUD, but purely because they are a small team and the fear some of Bitsyncom members showed by changing mobile numbers and disappearing AWOL (Yifu mentioned this a while back), along with the exposure Bitcoin and Yifu has generated w.r.t. building money printing machines currently evading government scrutiny, if they have picked up some attention from some less than friendly customers with nefarious intent, i.e. a criminal gang that's 'politely' asked them to delay some orders so they can capitalise.

Then again, every time Yifu, or for that matter any company representative posts in these forums once money has been taken, the backlash appears more trouble than it's worth. Still there is the responsibility to keep people abreast of the situation regardless of how happy the news may, or may not make them at points...