Re: LargeCoin Pricing Announced; Taking Pre-Orders

Pre-ordering didn't involve transfer of funds.

The preorder process simply involved giving name, address, and quantity. Then they would whip up an escrow agreement and a deposit would be held in escrow. That second part hasn't taken place, so nobody needs to do a chargeback.

Quote from: Clipse on June 18, 2012, 05:14:26 PM

My absolute best guess is that if someone did pre-order they have allready done a chargeback(hopefully they paid with some form of chargeback capable method)

So you and ttul together in this? You respond as if you are running this vapourware product. Again, he requested pre-order deposit to book a unit but Im pretty sure he got no takers on this piece of vapourware by-product since alot more people would have come here to post about their funds still held up in escrow or something.

I'm assuming Brian is one of the people who preordered. Naturally people who have preordered (including myself) will know a bit more about the process, such as the fact that a concrete request for a deposit hasn't come yet.

I think the quoted number of 31 preorders is very believable. As we said, nobody is complaining about funds held up in escrow because no funds were sent to escrow.

Quote from: bitlane on June 18, 2012, 04:14:59 PM

Now, I don't know shit about ASICs, but it's clear that with the 2 companies in question above (Butterfly Labs and LargeCoin) 1 of 2 possibilities MUST be correct:

1) Someone is COMPLTELY FULL OF SHIT in regards to performance/pricing (BFL).
2) Someone got a little TOO GREEDY and will end up missing the boat....(LC)

1. BFL has an incentive to exaggerate the announced specs, to discourage potential competitors and to encourage customers to buy current-gen hardware which can be traded-in. While BFL will certainly be capable of manufacturing the devices at the stated performance and marginal cost if and when they finish development (which could be in a long time), it will be a dubious business decision to offer at those prices. Sound pricing would be beating the competition decisively but no more than that.
2. LargeCoin has stated they're using sASIC which is the "least custom" ASIC. From BFL's words it seems they've put in more money and developing a more advanced type of ASIC. Also, their release time will be later in the future so the may be aiming for better process technologies.