Flappy this is not a convincing scam by any lengths. It's a video of a kid bumbling along crudely showing non important parts of a board with more effort in the web interface.
He has very hairy arms for a kid

Maybe he is the software guy and he is proud of his web interface? If it was the hardware guy, I am sure he would like to talk more about the quality of the diodes he used.
All I am saying is, this is very circumstantial. Techies are often crap at presentation. Hopefully they will prove us all wrong, and it is genuine. Until then, I am keeping my bitcoins in my wallet.
I meant kid as in young guy, not child. I agree he has gone to town with the GUI, that is impressive, but to be working on it for nearly three years and not be sh*t hot on the hardware. I'm a techie, I'm great as presenting, I realise that's rare, but regardless no way would anyone talk around the lights and ports over the board itself especially if it had consumed that much of their life and wanted to convince people to invest, and why choose to set a site up two months or so back? Why not run a blog emphasising the excruciating trials and tribulation endured the whole time? C'mon people, seriously, have you lot never designed anything before, it's massively labour intensive, it can consume your life and you will know the product inside and out back to front and want to show off every aspect until people drift aslee...zzzzzz!