Synthestech scam?

It’s come to my attention that there is a company, Synthestech, which has, for about a year, been running an Initial Coin Offering, as an investment in “Cold Transmutation of Chemical Elements.”

Low Energy Nuclear Reactions, which Sythestech is promoting, are real, or at least there are reports by competent and reputable scientists that there are such reactions. However, the state of the art is far, far from any commercial potential, and there have been many scammers in the history of LENR. Reading the Synthestech material, I see no sign that they have a clue how to make this work, reproducibly and practically. There have been many, many researchers working on the problems for many years, and hundreds of millions of dollars have been invested, with little practical result. If this does show up, it is unlikely to be through an activity using very shaky fundraising techniques.

If one wants to invest in LENR, which must be considered extremely high risk at this time, –expect to lose your money  I would suggest Industrial Heat, which does not accept most private investment at this time. At least, though, they are supporting genuine research and it is possible they will get lucky. For the general public, Woodford Patient Capital Trust is invested in Industrial Heat, so it’s possible to buy in, I know a few people who have modest stakes — and a few with much larger stakes. This is, however, more of a way to spend one’s money than to get rich. There was a revaluation lately that looked good. It may or may not mean anything.

Again, I’ll emphasize, this is truly high risk, I am aware of no technology close to commercialization. Andrea Rossi was (and remains) a fraud.

Speaking of Rossi, Sythestech uses his name. In their “White Paper,” they have:

Andrea Rossi was one of
the first entrepreneurs who adopted the LENR technology. In collaboration with Sergio Focardi, he created a device based on the principles of LENR-reactions, which generated electricity. In recent years, many installations that generate electricity have been built secretly.

That’s total BS. Rossi has not claimed the generation of elecricity. He did claim to be operating a megawatt reactor in Florida, and it was secret for a time, but all this blew up in 2016, becoming highly public in the lawsuit, Rossi v. Darden. There was a plant, but it was not generating a megawatt, if it was generating anything, and the odds are high that it was generating nothing, it was just a big electric water heater, maybe 30 KW.

Rossi comes up again in the interview in Entrepreneur

Your whitepaper ICO mentions modern nuclear technology. Do you also develop advanced nuclear technologies? Could you tell us more about this?

In fact, the field has become more popular than ever. Latest advancements in portable power generation devices developed by Andrea Rossi and progress in obtaining platinum from tungsten by Mitsubishi Heavy Industries, indicate that Cold Transmutation has gained real-world traction.

There are no “portable power generation devices developed by Andrea Rossi.” There has been work on certain transmutations by Mitsubishi Heavy Industries (the work of Iwamura), but it was not “platinum from tungsten” and was not even close to commercial possibility. Synthestech is doing a lot of name-dropping, making it seem like there is support for their plans. There is not, not from the scientists in the field, not as far as has been shown.

There are so many signs of scam, frenzied hype, that I’m not researching this further, there are many more interesting things to work on, with the real science of LENR. I’m putting this up to warn investors that, while LENR is real, that is, there are real nuclear effects at apparently low initiation energies, the evidence has become overwhelming, the effects remain very difficult to control, they are “unreliable,” generally, in spite of many years of effort to develop control. The best minds in the field are searching for a “lab rat,” a simple experiment that could be widely confirmed. It does not yet exist.

(The evidence for the reality of LENR does not depend on reliability of generating the effect. Rather, the circumstantial evidence is the many reports of anomalous heat, the many reports of anomalous tritium, and then the direct evidence that measured helium is correlated with the heat, at a ratio consistent within experimental error of that expected from fusion. (This does not require that the reaction be “d-d fusion.” Any process that starts with deuterium and ends with helium will show that ratio, it must, if there are no leakages.)

David Gerard, not exactly a friend, has a post on Synthestech. He has his head wedged in a dark place on LENR, but he’s right that Synthestech is a scam. It has many, many marks of deception. However:

Karabanov announced his breakthrough in a press release and press conference in August 2016 — because science by press conference, rather than a published paper detailing an experiment and how to reproduce it, is standard in cold fusion:

It is not “standard in cold fusion.” There were press conferences in 1989, on both sides of the cold fusion controversy, but the real science is not conducted by press conference. There are over 1500 papers on cold fusion published in mainstream journals and if we add in conference proceedings, which sometimes include papers of equal or better quality than what is in journals, it’s roughly 5000 papers. David Gerard is repeating a series of tired old arguments against cold fusion. He has no clue what really happened in 1989-1990 and later, just a pile of vague ideas, second-hand knowledge, not actually researched, repeating the common opinions of the ignorant as if fact.

The problem is not that “cold nuclear transmutation” is impossible, it’s not, but that it is, so far, at best, a laboratory curiosity, not a commercial possibility, except in the most remote sense.Maybe. Some day. If.

Dismissals like that of David Gerard are obviously pseudoskeptical and will have no effect or influence on those who might be interested in investing. Steve Krivit was correct that Rossi was a scammer, but because his evidence was circumstantial and vague, dependent on ad-hominem arguments and inferences, it did not prevent investment in Rossi.

There are many Russian researchers working with LENR, they have long been prominent in the field. I see no sign, so far, that Synthestech is working with the real scientists in the field, though they drop their names, such as Vysotskii and Kornilova. I found that apparently Yuri Bazhutov, the late well-known Russian LENR researcher, has been called an “advisor” to Synthestech. See this obituary.

That points to a Sythestech interview of Bazhutov. I had noticed that Sythestech has claimed to have been an observer at RCCNT&BL in 2017, and the interview was allegedly conducted there. There is only one very brief mention of Synthestech in the interview:

What can you say about “Synthestech” and your visit to the Sochi laboratory?

We were pleased to know that there is a new group in Russia that is studying the same phenomena. It’s very pleasant that there is such a team as “Synthestech”, because the winner is the one who moves.

That is simply a casual comment, non-committal, and not surprising. This is far from an endorsement of the actual company, or its accomplishments. Many entrepreneurs have induced scientists to be called “advisors.” It’s basically meaningless, particularly when the company is unknown and the scientist has little reason to suspect a scam. I have seen scientists, later, distance themselves from such companies, when the way they were operating became clear.

Again, if one wants to support LENR research, I recommend becoming knowledgeable as a first step. There are many ways to support increased awareness of the real work that has been done. Tossing money at overheated investment scams is not one of them. Contact me if interested in supportive activity.

On more point: the original research that Karabanov of Synthestech appropriate was biological transmutation. To those that believe cold fusion or cold nuclear transmutation is impossible, biological transmutation will seem preposterous.

However, there are nuclear effects in condensed matter, that appear to involve unusual structures that allow a collective effect, rather than the brute-force collision effect of hot fusion. This is all poorly understood, but the evidence of nuclear anomalies is overwhelming, and if it can happen in the lab, at low energies, it is easily conceivable that life would find a way to use it, and there is substantial work on biological transmutation, by serious and highly experienced scientists (such as Vysotskii, whose name gets dropped by Karabanov). Most of this is not yet confirmed.

Karabanov is attempting to sell something that might be possible, almost certainly before its time. Here is a page covering some of that research by those identified as Karabanov’s partners. It looks like Karabanov abandoned the biological approach, and he claims to have industrial processes. No evidence has appeared of this. When challenged with, “If you can transmute elements, why do you need the bitcoin investments?” (he could just make precious metals), his answer is that the experiments only produce milligrams of material. I think he is exaggerating even there, if not outright lying, but what is a few orders of magnitude among friends?

Looking for “boring,” finding gold

I’ve been spending most of my days, lately, compiling bibliographic material, and setting up archives of LENR conference papers, as well as a full LENR Library. Where I can find an on-line copy of the Proceedings, it’s easy, merely a bit time-consuming. In other cases proceedings may only exist in a few libraries, and it may take time to find those copies. Sometimes scans are made of books, but the cheap way of doing this, at $0.01 – $0.02 per page, involves destroying the book. These volumes, where they exist, may sell for on the order of $300. It is not necessary to destroy the book to read it, and if it can be read, it can be photographed, and that is now easy with smart phones. My 64 GB iPhone could hold high-resolution photos of every page of a 1000-page book, without breaking a sweat. I might get a little tired, I figure I could, with a simple setup, maybe 2 pages per minute. So 500 minutes for a 1000 page book, 8 hours. To avoid RSI, not less than two days. Doable. I will only do this if necessary, and will attempt to share the work.

All needed, perhaps, because nobody bothered to keep and make available original copies of computer files. Material is still being lost. As an example, abstracts and proceedings have recently disappeared from iscmns.org. Documents once hosted by newenergytimes.com have vanished. Sometimes these can be found on the internet archive, sometimes not.

Below, I report benefits of working with this material. Continue reading “Looking for “boring,” finding gold”