I am starting this because I am tired of weeding thru the FUBAR that the official thread has become.
Overview: The Fibonacci project was supposed to deliver ASIC miners in August (latest). The miners were to be hosted by trusted hosts and orders were taken in bitcoin, litecoin & cachecoin. Tied into all of this was an exchange that was to allow those who had pre-ordered to "trade" shares.
There has been increasing tension as it is almost August and there has been less communication from Jasinlee/Fibonacci. It was communicated that the exchange was close to going live since May. In the most recent developments - Jasinlee has communicated that the lead developer of the exchange refused to return the bitcoins that were used on the project. But after being publicly outed on the forums returned them to Jasinlee.
This thread is to list the questions we have about the Fibonacci project and update the original two posts as these questions are answered by Jasin. Preferably quotes. There are many of these questions buried deeply within the Fibonacci thread. If you will post your questions that have not been answered – I will edit & add them to the FAQ post. When they are answered – it will be documented there.
This thread is for information only. Which is getting completely lost in the official thread. I request that moderators ruthlessly moderate this thread to keep it on topic with Fibonacci ASIC questions / answers only.
I would greatly appreciate any help in digging thru the original Fib thread and bringing the relevant questions / answers / info over here to be summarized. I'm also happy to sit on the sidelines if somebody else decides they want to do this. Current Status / Latest Update.
An IRC chat two weeks ago. Raised more questions than answers. Results summarized here. -> https://litecointalk.org/index.php?topic=21742.msg203897#msg203897
Unable to log into the fibonacci.io (appears to be a promotional for alt coins). Firm producing chips cannot be contacted to confirm because they hate crypto and will cancel the project. Fibonacci is out of funds for refunds. Chip is still in design.
Also - a scam accusation thread has been opened against Jasinlee / Fibonacci --> https://litecointalk.org/index.php?topic=21506.msg198342#msg198342
Also - there seems to be some concern about who would ultimately reap the benefits of the ASIC technology if they are developed.
"The ultimate goal appears to have been to open source the chip design after ASIC miners ROI'd on their investment. Which is puzzling since somebody else paid for the ASIC chip development in order to resell - and Fib also had hardware investors. So you had three things competing against each other - Fib investors, ASIC chip developer financial backers, and Joe Blow who uses the design to build his own chip after it's open sourced.
And also fib ASIC miners would be competing against everybody except fib investors in that group as well (I think)"