Quote from: BFL - CEO on August 30, 2013, 01:04:16 PM

Let me cut the end for you...

Yifu took in millions in seed (pre-order) money and built a bunch of "Avalon 1's" which he sold for extraordinary amounts of money.

He kept a few of these machines and mined with them and sent a few out. Then he ordered more chips.

At this time he also sold 1/2 million chips to DIY'ers in this forum, pre-paid of course.
People like BKKcoins (and others) believed in him and they took time to DEISGN & BUILD PCB boards to mount on these chips. BKKcoins personally spent hundreds of hours working out the kinks in his AWESOME design.

YiFu then sent out the machines he'd mined with as "Avalon batch 2". Some had dust in them demonstrating they'd been used for mining.

Then YiFu disappeared. Went AWOL. Nobody could reach him.

Then a rumor appeared in the Wall Street Journal that said "Yifu raised $200,000,000 in VC money".

The next day a retraction appeared "Yifu did not raise $200,000,000 in VC money" read all the papers.

Then, after another month went by, he reappeared and promised news as he'd just gotten off the plane.

Then, yesterday after another full 19 days of silence, he reappeared in the forums talking about his CHI and he started issuing refunds to all the people who had ordered the chips and machines who had not recieved them.

In short, he used your money... made money on that money... and then returned a portion of what he earned to the loudest customers he'd stolen from.

YiFu is now + $20 million USD
Community is now - $15,000,000 USD plus a broken dream.

What a con man. My hat's off to you YiFu you really taught us a lesson!

I am so sorry i took you money, and used it for drugs en strippers.
i am broke and need money 1DsiSQqwXiD6F8pvSE5ro45d2iJkbswFvi
But i am hashing Grin