Quote from: nmat on March 06, 2012, 10:32:55 PM

Quote from: DavinciJ15 on March 06, 2012, 08:06:28 PM

I agree I was excited until I looked at the numbers and thought about the agreement.

1. $4500 is enough to build a fake and run off with the pre-orders.
2. No one knows for sure you can accomplish this.
3. You have no reputation, or testimonials of your past accomplishments.
4. I want to see your face, and more of web presence with an address and phone number
5. You can't start small by selling low cost systems as part of building your rep between now and July?

Well, I hope you are not a fraud as I would love to buy a system.

I know that it doesn't prove anything, but during the past year ttul mentioned several times that they were working on an ASIC.

These are all legitimate concerns, and I'd have many of the same concerns if I was considering putting $4,500 into escrow, let alone spending $30K on a box. Let me take each of your points in turn:

1. $4500 is enough to build a fake and run off with the pre-orders.

I'd suggest you could build a fake for even less than $4,500. But in this case, we can't run off with the $4,500 because it will be sitting in a trust account with a law firm. That money won't be released to us until the units are validated to be working consistent with the specifications in the escrow agreement with each customer. Having the money in escrow helps us to know there's demand for the units, but we're not drawing on those funds in any way until shipment happens.

2. No one knows for sure you can accomplish this.

I can't argue this point.

3. You have no reputation, or testimonials of your past accomplishments.

True. Here is my LinkedIn profile: http://linkd.in/zh5OFB, and that of the co-founder: http://linkd.in/ynNuuO. These are consistent with LargeCoin Inc.'s incorporation data, which is available from Industry Canada: http://bit.ly/AkqCwM

As you can see from our LinkedIn profiles, the founders have product management experience with semiconductor companies, investment experience, and years of experience building and running technology companies.

4. I want to see your face, and more of web presence with an address and phone number

Check the LinkedIn profile. Or, fill in the order form http://bit.ly/zliQFj and I'll call you so that we can chat live.

5. You can't start small by selling low cost systems as part of building your rep between now and July?

No, this is impractical. The major hurdle is producing the ASIC, which just takes time. And, as others have pointed out, costs money too.