Hacker News Reader

In the video, the guy literally says "For $69 dollars, you are essentially pre-ordering a LIFX smartbulb." (4:11) That's one of the major misconceptions people have about Kickstarter and these guys are playing right into it.

What the article is saying is that they are either clueless or dishonnest.

They will never ship the bulb and you cannot fund such project based on a video.

I think this is a refreshing and sensible outlook on the matter, but I don't think it's one that's shared by many backers.

That is not the worst case