iFind, World’s First Battery-Free Item Locating Tag, Scam?

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The developers of iFind, the world’s first battery-free item locating tag, are elated that the Kickstarter crowd funding has raised over $500,000 and skeptics claim the technology  is a scam.

We Tag  Inc, creators of iFind, posted some photos and videos that claim its product harvests its energy from electromagnetic emissions ( wifi, cell towers, TV signals, etc ) and naysayers refute the project by flooding comments in the Kickstarter website and creating a document in Google doc listing all the evidence. One skeptic even posted in Slashdot describing the fraud as a “slow-motion bank robbery” and criticize Kickstarter for allowing such a dubious product.

ifind

In less than a week before the project ends, Kickstarter officially suspended the crowdfunding of iFind for breach of rules. No official statement has been published yet but an email from the company to all those who pledged revealed the following violations of the developer.

  •   A related party posing as an independent, supportive party in project comments or elsewhere
  •   Misrepresenting support by pledging to your own project
  •   Misrepresenting or failing to disclose relevant facts about the project or its creator
  •   Providing inaccurate or incomplete user information to Kickstarter or one of our partners

The greater question remains. How should we trust or control crowdfunding projects when it would be much difficult to know whether a new product is legitimate.

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