Incoming Avalon News 8/9/2013

[intense]

How on Earth did this turn into such a huge clusterfuck when the solutions are so simple?

You could offer a full refund but this will do nothing to restore the reputation of the company, with such a risky endeavor in the mining business, reputation is everything and people will only put their money where their trust is.

The other and better option would be to give the option of having all gen 1 chip orders count as credit towards gen 2 chips and make delivering these on time a priority. This shows good faith on the company's behalf and not only restores the companies reputation but enhances it.

And of course the final and worst option is to continue delivering the chips late and past the point of return on investment which will ultimately end in legal action, and if you cbf dealing with a toxic community, just wait till your dealing with a class action lawsuit and then let us know how you cbf.

And no matter which route is chosen, communication is key. There's no excuse for not keeping people up to date when internet enabled communication tools are literally everywhere. There's still plenty of time to turn this around and even into a winning scenario for everyone.

[Ytterbium]

Under the circumstances, I hope you won't be too upset to learn that many people will be extremely skeptical of refund claims until a bunch of people start posting their txids.

Here is the blockchain info for 9 refunds... mine was in this batch.
https://blockchain.info/address/1JrwWrt3TYUzMYFEBLX5hTo1zFsEY6tWZN

Hey, check it out - the address that paid you got it's coins from https://blockchain.info/address/15PW2jpo212JGAoYa6WB6FBUMdGzBqmDT6

Which came from:
https://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

Which in turn got 10,000 coins from: https://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

And, that in turn got it's coins from: https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

Which, if you'll remember is the "mystery address" that Yifu said "who say's we control that address" (or whatever)

I happened to remember the 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v address showing up in a discussion about a mystery solo mine somewhere.

[aquarius]

This all is very unfortunate.
Could this be the end of Bit-Coins?
Looks like all the hashing power is going to end up in just a few peoples hands.
What made bit-coin great was the ability for anyone who wanted to mine to do so.
This has all changed and could be the downfall for bit-coin.
Maybe it's time to discontinue the use of bit-coin's and start using lite-coin's.

just the fact that you type it 'bit-coin' makes me think you are some type of FUDster. NO bitcoin is not affected at all. mining chip customers of avalon are. huge difference.

[chsados]

How on Earth did this turn into such a huge clusterfuck when the solutions are so simple?

The other and better option would be to give the option of having all gen 1 chip orders count as credit towards gen 2 chips and make delivering these on time a priority. This shows good faith on the company's behalf and not only restores the companies reputation but enhances it.

I dont think anyone wants to continue business with Yifu.....

[fasmax]

So what's the deal is Avalon is going to send any more chips or are you done?

[Bicknellski]

How on Earth did this turn into such a huge clusterfuck when the solutions are so simple?

The other and better option would be to give the option of having all gen 1 chip orders count as credit towards gen 2 chips and make delivering these on time a priority. This shows good faith on the company's behalf and not only restores the companies reputation but enhances it.

I dont think anyone wants to continue business with Yifu.....

Depends on how he proceeds. Ample opportunity to REDEEM himself and his company and do the right thing and get rid of the toxicity he has created but that needs to happen TODAY not tomorrow.

[cedivad]

Please keep in mind that Yufi is not Avalon. He is a dumb PR whose best business plan was to resell low cost tablets from China (do you remember the interview?).
For as much as we know, he could be forced by nzhang to do what he did.
Where is him, BTW? Still sick (another excuse used to delay batch 2?)

[smoothie]

I can't imagine refunds taking very long IF they have all the funds to do so.

Given it is questionable where they are in production (costs & cashflow) they could be short in refunding everyone at this point.

This is just speculation on my part.

[cpengr]

Please keep in mind that Yufi is not Avalon. He is a dumb PR whose best business plan was to resell low cost tablets from China (do you remember the interview?).
For as much as we know, he could be forced by nzhang to do what he did.
Where is him, BTW? Still sick (another excuse used to delay batch 2?)

Who is nzhang?

[cpengr]

Does this mean the end of the INTERWEBZ? 
The end of COMPUTORS??

You mean com-putors?

Can we please stop with the waste of space posts like these? This thread is noisy enough as it is.

Add something useful to the discussion, or don't post.

[Bicknellski]

Does this mean the end of the INTERWEBZ? 
The end of COMPUTORS??

You mean com-putors?

Can we please stop with the waste of space posts like these? This thread is noisy enough as it is.

Add something useful to the discussion, or don't post.

Oh-tay.

[GGGGG]

Please keep in mind that Yufi is not Avalon. He is a dumb PR whose best business plan was to resell low cost tablets from China (do you remember the interview?).
For as much as we know, he could be forced by nzhang to do what he did.
Where is him, BTW? Still sick (another excuse used to delay batch 2?)

Who is nzhang?

Another member of the Avalon team. He's the guy who actually designs the chips.

[HorseRider]

Here is the blockchain info for 9 refunds... mine was in this batch.
https://blockchain.info/address/1JrwWrt3TYUzMYFEBLX5hTo1zFsEY6tWZN





Hey, check it out - the address that paid you got it's coins from https://blockchain.info/address/15PW2jpo212JGAoYa6WB6FBUMdGzBqmDT6

Which came from:
https://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

Which in turn got 10,000 coins from: https://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

And, that in turn got it's coins from: https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

Which, if you'll remember is the "mystery address" that Yifu said "who say's we control that address" (or whatever)

I happened to remember the 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v address showing up in a discussion about a mystery solo mine somewhere.

This post is very interesting. So, is this a solid proof that the Avalon ass wholes, such as ngzhang(中文名：张楠庚）, Yifu Guo，is mining?

[powpow]

Here is the blockchain info for 9 refunds... mine was in this batch.
https://blockchain.info/address/1JrwWrt3TYUzMYFEBLX5hTo1zFsEY6tWZN





Hey, check it out - the address that paid you got it's coins from https://blockchain.info/address/15PW2jpo212JGAoYa6WB6FBUMdGzBqmDT6

Which came from:
https://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

Which in turn got 10,000 coins from: https://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

And, that in turn got it's coins from: https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

Which, if you'll remember is the "mystery address" that Yifu said "who say's we control that address" (or whatever)

I happened to remember the 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v address showing up in a discussion about a mystery solo mine somewhere.

This post is very interesting. So, is this a solid proof that the Avalon ass wholes, such as ngzhang(中文名：张楠庚）, Yifu Guo，is mining?

yes. proof

[plasmoske]

Let the conspiracy theories resume!

[Stack]

Please keep in mind that Yufi is not Avalon. He is a dumb PR whose best business plan was to resell low cost tablets from China (do you remember the interview?).
For as much as we know, he could be forced by nzhang to do what he did.
Where is him, BTW? Still sick (another excuse used to delay batch 2?)

Forced eh? Right...
"Hey you! yes you! PR guy! I demand that you do the worst PR job ever! BFL are so far in the lead on this, and we need to catch up!"

[superduh]

Now lets see if Yifu actually issues any of those refunds, this is starting to sound like nefario to me.

He hasn't refunded Batch 3 customers yet, what makes anyone think he'll honour chips refunds?

?? I'm pretty sure batch 3 customers got their refunds.

full refund or partial refund of batch 3 for everyone is in order. batch 3 got as much screwed as the chip orders.

1) TBH, i supported a peaceful resolution - i even mentioned in some threads to you that you need to make it up to people (either partial refund or more hash power in future) you ignored common sense and reason and you made people hate you - you made people doubt you - you made people feel and believe you are a crook - you haven't done much (when you should have) to make anyone think otherwise - i assume you have probably received a lawsuit already or fear one and that's the only reason you believe you are doing something - not because of any decent business practices.

[superduh]

btw, when and if TSMC gets subpoenaed we'll know exactly when those chips were made and when they were sent.
the truth will come out and it's two things:
1) actual problems and yifu is just a horrible manager (this would suck because things could have been much better for him and everyone)
2) yifu is a scammer

[VinceSamios]

I am tired of this toxic community malformed by greed.

Dude has a point...

[Bicknellski]

I am tired of this toxic community malformed by greed.

Dude has a point...

Yes he does but unfortunately he needs to look in the mirror to see where this malformation by greed has impacted and also where the toxicity is currently leaching from into the Bitcoin community ecosystem. Self-inflicted is all of this and there is no one else to blame but him.

There might be a lot of hatred spewed, but personally I don't hate the guy, I am sure he is a perfectly fine enough human being, however, my issue is with his lack of communication and failure to deal directly with his customers. Sadly, if he had done his job properly, communicated effectively and got the product to market on time we would all be happy and not brandishing threats of the litigation.