Quote from: HuLaN on September 15, 2013, 01:32:03 AM

Quote from: Bitcycle on September 15, 2013, 01:07:01 AM

I'm now completely certain these guys aren't a pure scam. I have no doubts whatsoever.

Everything thus far has been precisely consistent with a tech startup that got the first steps wrong and reflexively tried to cover up their mistakes.

That was their biggest mistake, trying to cover up their technical errors. If they'd been forthcoming about them, then the price would have dropped but not nearly so much.

Guessing here, but I suspect the chips likely work, the boards probably do too, but they require much more assembly effort than was planned. Possibly due to design errors.

They might be able to work it out. They might not. Who knows what the time frame will be?

They may well be incompetent. Until they show us a working miner, we don't know.

But they aren't a scam. Attempting to prove that is just barking up the wrong tree.

I guess it depends on what your definition of a scam is... A lot of the people who ordered from BFL a year ago would say the lies and deception they have been told qualifies for BFL to be called a scam.

And in regards to Labcoin, of course everything is not going to go according to plan for a tech startup, but I don't see how that justifies Labcoin's behavior.

Lying and deceiving your investors simultaneously as you are encouraging them to "buy cheap shares" qualifies as a scam in my book.

Not providing the information demanded by shareholders is not the same as lying to and deceiving your investors.