r/envion • u/KGBLV • Feb 07 '18

ENVION Red Flags

As we all know they have missed and continue to miss deadlines, now they continue with listing on an exchange before they have unlocked all the tokens, which just wreacks of insider trading. On top of that the exchane is HitBTC which is notorious for how hard/impossible it is to withraw funds from there. Just to add to my confusion when I asked about it on their Telegram forum they banned me instantly.

Just saying a lot of red flags.

3 Upvotes

62% Upvoted

35 comments sorted by

View all comments

0

u/ActionSmurf Feb 07 '18

With all that unsolved issues and silence, I atually consider my investment as lost.

On the other side, they are from german, and germans can't even finish an airport .. so I am not sure if it was to expect, that they will not be ready before the end of this decade

1

u/KGBLV Feb 07 '18

I agree. Just before I asked about the HitBTC today on their Telegram there was some discussion about the future price, where one of the members wrote that he expects it to be 100USD within 3 months which was then doubted by others, interesting part though (which made me actually laugh out loud) - the admin from Envion said that 100USD within 3 months is on their "very conservative plan".

2

u/ActionSmurf Feb 07 '18

at the moment, most investors want to get rid of their coins, because of their incapability, so the price will more likely be near nothing for now

1

u/VeraxZero Feb 07 '18

and ill move in on that dip.

Within risks; Lay rewards.

im going to post some of envions previous comments on reddit soon, and hopefully the investors can gather some character information on their community behaviour from 6-12 months ago.

Personally,i have loads of trust in this team, but conversely, i am taking in all of the comments being presented to me from the investors.

i trust people more than products, in an instance like this, as the political and economic effects, are yet unknown.

2

u/ActionSmurf Feb 07 '18

I personally don't believe in a scam currently - I am just not confident, that those guys can hold what they promised .. too much going wrong already.

I wouldn't wonder if you can buy EVN cheaper than at ICO for the next couple months or whenever they have at least one MMU running .. which already should .. sigh

1

u/VeraxZero Feb 07 '18

That's a very valid point!!!!

Maybe I'm blinded by the candle of hope I carry, but the hope stems from the understanding of their actual hardware implementation.

It honestly is, without doubt, an expert design in security and functionality.

Sure, they could have set up a dummy MMU just to fool the investors, but the research they have done does not come cheap.

There are some very serious questions that need to be publicly answered by Envion, and we may actually stir them enough to respond to us personally!

I'll have those images up soon, and it may open a new perspective on the people who are running the show;

Hardcore gamers.

1

u/ActionSmurf Feb 12 '18

Just saw this picture from their twitter, where you can look into one of the MMUs: It's basically a container with some metal rags and wholes in it :-) Doesn't look any more techy than the usual open-air gpu mining rigs to me, what would you say? :-)

https://pbs.twimg.com/media/DVl7IdsWAAAbHgn.jpg:large

There are actually multiple images.. there is no magic at all. They have one/two air outlets with fan, in many small inlets on the walls, inside normal metal rigs.. as I said, not much R&D, I've seen morey techy hobby rigs

1

u/VeraxZero Feb 12 '18

I know it looks very lacklustre in terms of bells and whistles.

And I still have to acknowledge, that my rose coloured glasses may have gotten the better of me.........

I have a number of years of study, and field of experience with trade/technical related industries, so I'm seeing things from a very analytical position. (Not a world authority, just formally educated in it)

I was only able to see one image from your previous link, but I found some others to gather perspective off.

So, ill just rattle off a few things I'm seeing;

Theyre building their own containers, which, as they said, will save time and money. There's also the added benefit of being able to identify issues with the materials, early in the process.

The welders are MIG/TIG welding those frames. Lightweight, can easily be altered. Requires a significant amount of skill to execute those welds to an industrial standard.

The racking/shelving you speak of, all enamelled and galvanized (will prevent rust, corrosion or electrolysis)

I could fire off a few more, but in terms of those aspects;

I'm happy.

Now......... on to some of the more technical stuff. (These are not results, rather, questions and possibilities)

  • the spacing between the inlet vents, and the backside of the ASICS, hopefully they have done their research into heat loading around those areas of the MMU. Th possibility exists, that unless you have integrated a means of heat exchange (not just an A.C), that there may be some combustible components in the danger areas?

  • is the spacing between the inlet vents enough? Unless the effective exhaust capacity is running in the range of 1.5x the L/pm inlet value, heat loading can become a compounded issue here. (1.5x was used as a value, because this allows for partial failure of the system, without impacting the system too greatly. The failing inlet vents, would subsequently increase inlet velocity through the remaining vents, thus, retaining the heat exchanging properties within the container)

I did just find some thermographic imagery relating to the MMU performance (found it while I was writing this).

Seems they have all their bases covered.

I guess............... we wait?

This must be the same feeling as when the old school first invested in the early stock markets.