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VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

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Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#111

Post by mrtksn »

szmarczak wrote: post #110
mrtksn wrote: post #106

Earlier quoted context omitted.

That’s ridiculous, neither making your first product nor failing is scamming. In this particular case you can buy motorbikes and sport cars made using electric motors from the same company that makes this battery. So at least 1 real product that I know of.

You cannot buy them. Have you visited their website? The way this works, you pay a non-refundable fee. And if this motorcycle turns out to be real, then you get to pay the rest amount (or cancel and lose some money). Because they manufactured a few units doesn't mean it's scalable (or profitable).

The motorbikes are not new, there are people who bought them and are using them. Switching to the new battery is new but those bikes with motors from this company exist. I think you need to do your research before arguing further.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#112

Post by vardump »

mrtksn wrote: post #107
vardump wrote: post #102

Earlier quoted context omitted.

AGI is human, general level. ASI is super human level. Says so in the acronym itself.

Completely false. There is nothing about humans in these acronyms.

Here's a Wikipedia article: https://en.wikipedia.org/wiki/Superintelligence#Feasibility_...

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#113

Post by szmarczak »

mrtksn wrote: post #105
szmarczak wrote: post #100

Earlier quoted context omitted.

You have no idea how scams work, do you? Visit this website [1] by the CEO and tell me it's not a scam. Tell me there exists some magical algorithm, where I give you my money and you promise me to 2x it and give it back. Please do tell me that. [1] https://www.definancetechnologies.com/

I don’t think you understand how startups work. In startups 2x isn’t enough, you usually expect 100x or 1000x returns. That’s the main idea behind investing: You give your money to someone who may have better use of it so you may get it back multiple but may also lose it. As for the website you linked it appears to be promoting a trading bot and I don’t see any promise of guaranteed 2x returns, which would have been…

No, I do know how they work. Normal startups close the second they become unprofitable because investors don't like losing money. Or find someone that's willing to pull your sinking ship up (a buyout). Also, if you intentionally lose investors' money, they have the right to sue you for damages. Losing hundreds of thousands of dollars is pretty normal in failing startups, but it's not like they don't have any value. There's a difference between a half-baked legitimate product and a snake oil. However, losing tens of millions of dollars is not normal.

> guaranteed 2x returns, which would have been a scam

They haven't written 2x, but they have promised profits (which is more than 1x): "Sit Back and Watch Your Wealth Grow". That's literally a Ponzi scheme. They're no Medallion Fund because if the algorithm was actually working they wouldn't need to attract people to get more money.

Maybe you should get off HN from time to time and face a reality check.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#114

Post by szmarczak »

mrtksn wrote: post #111
szmarczak wrote: post #110

Earlier quoted context omitted.

You cannot buy them. Have you visited their website? The way this works, you pay a non-refundable fee. And if this motorcycle turns out to be real, then you get to pay the rest amount (or cancel and lose some money). Because they manufactured a few units doesn't mean it's scalable (or profitable).

The motorbikes are not new, there are people who bought them and are using them. Switching to the new battery is new but those bikes with motors from this company exist. I think you need to do your research before arguing further.

If your research is YouTube then I'm sorry to disappoint you but those people are affiliated with Verge (or Donut). I don't think there's a single video where someone gives a review and they paid using all their own money, is there? Have you done your research before you started arguing the CEO is legit?

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#115

Post by mrtksn »

szmarczak wrote: post #113
mrtksn wrote: post #105

Earlier quoted context omitted.

I don’t think you understand how startups work. In startups 2x isn’t enough, you usually expect 100x or 1000x returns. That’s the main idea behind investing: You give your money to someone who may have better use of it so you may get it back multiple but may also lose it. As for the website you linked it appears to be promoting a trading bot and I don’t see any promise of guaranteed 2x returns, which would have been…

No, I do know how they work. Normal startups close the second they become unprofitable because investors don't like losing money. Or find someone that's willing to pull your sinking ship up (a buyout). Also, if you intentionally lose investors' money, they have the right to sue you for damages. Losing hundreds of thousands of dollars is pretty normal in failing startups, but it's not like they don't have any value. T…

> Normal startups close the second they become unprofitable because investors don't like losing money

Completely and demonstrably wrong. Startups lose money all the time, thats the idea behind taking other people’s money. Go check out how much money Amazon, Uber, OpenAI and pretty much all startups lost before becoming profitable or are still losing.

I’m sorry I see you are clueless. I wouldn’t be arguing with you any further.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#116

Post by szmarczak »

mrtksn wrote: post #104
szmarczak wrote: post #64

Earlier quoted context omitted.

I don't think you're going to see investors crashing out on the internet that they got scammed. The ASI video by the CEO shows exactly that he has no idea what's happening. Seems like an investor pitch scam. I wish that the battery was true tho. It's always amazing to see progress in the world.

scammed investors sue scammers all the times. I don’t know why you believe otherwise.

I never said that. If I did, prove me by quoting me.

This aside, all I said is that you don't get to hear that on the internet, because such stuff is unpopular and doesn't usually bring attention. And if they signed an NDA, the lawsuit may be not public.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#117

Post by szmarczak »

mrtksn wrote: post #115
szmarczak wrote: post #113

Earlier quoted context omitted.

No, I do know how they work. Normal startups close the second they become unprofitable because investors don't like losing money. Or find someone that's willing to pull your sinking ship up (a buyout). Also, if you intentionally lose investors' money, they have the right to sue you for damages. Losing hundreds of thousands of dollars is pretty normal in failing startups, but it's not like they don't have any value. T…

> Normal startups close the second they become unprofitable because investors don't like losing money Completely and demonstrably wrong. Startups lose money all the time, thats the idea behind taking other people’s money. Go check out how much money Amazon, Uber, OpenAI and pretty much all startups lost before becoming profitable or are still losing. I’m sorry I see you are clueless. I wouldn’t be arguing with you an…

Good to know mr. investor.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#118

Post by szmarczak »

mrtksn wrote: post #115
szmarczak wrote: post #113

Earlier quoted context omitted.

No, I do know how they work. Normal startups close the second they become unprofitable because investors don't like losing money. Or find someone that's willing to pull your sinking ship up (a buyout). Also, if you intentionally lose investors' money, they have the right to sue you for damages. Losing hundreds of thousands of dollars is pretty normal in failing startups, but it's not like they don't have any value. T…

> Normal startups close the second they become unprofitable because investors don't like losing money Completely and demonstrably wrong. Startups lose money all the time, thats the idea behind taking other people’s money. Go check out how much money Amazon, Uber, OpenAI and pretty much all startups lost before becoming profitable or are still losing. I’m sorry I see you are clueless. I wouldn’t be arguing with you an…

Before you post any further I'd highly recommend watching this series. https://www.youtube.com/watch?v=UFKhprphIAA

You just don't get to spend tens of millions just because.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#119

Post by mrtksn »

szmarczak wrote: post #114
mrtksn wrote: post #111

Earlier quoted context omitted.

The motorbikes are not new, there are people who bought them and are using them. Switching to the new battery is new but those bikes with motors from this company exist. I think you need to do your research before arguing further.

If your research is YouTube then I'm sorry to disappoint you but those people are affiliated with Verge (or Donut). I don't think there's a single video where someone gives a review and they paid using all their own money, is there? Have you done your research before you started arguing the CEO is legit?

Your other posts are accusations about people and apparently you go after them on other sites too: https://news.ycombinator.com/item?id=46638491

I’m pretty sure if I keep pushing you enough eventually you’ll will make your life about going after me accusing me of who knows what. This means that your opinions should not to be taken seriously as your motivations are unclear.

You should consider having a different hobby.

Re: VTT Test Donut Lab Battery Reaches 80% Charge in Under 10 Minutes [pdf]

#120

Post by szmarczak »

mrtksn wrote: post #119
szmarczak wrote: post #114

Earlier quoted context omitted.

If your research is YouTube then I'm sorry to disappoint you but those people are affiliated with Verge (or Donut). I don't think there's a single video where someone gives a review and they paid using all their own money, is there? Have you done your research before you started arguing the CEO is legit?

Your other posts are accusations about people and apparently you go after them on other sites too: https://news.ycombinator.com/item?id=46638491 I’m pretty sure if I keep pushing you enough eventually you’ll will make your life about going after me accusing me of who knows what. This means that your opinions should not to be taken seriously as your motivations are unclear. You should consider having a different hobby…

Yea sure Immich taking zero responsibility for possibly causing damages in hundreds of dollars and not warning their uses is fair, yeah, let them go. Maybe actually read the issues before judging? (oh noes, he blame them so he must be bad!)

[1] https://szmarczak.com/immich.png [2] https://github.com/immich-app/immich/issues/25283

> you’ll will make your life about going after me accusing me of who knows what

I have never accused you of anything but lack of information. I don't get where you're coming from.

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