Quote from: Bit_Happy on October 02, 2015, 01:18:14 AM

Quote from: Newkid on October 02, 2015, 01:05:57 AM

Hello everyone I read many posts around here and operate my own 60TH Bitcoin farm but don´t comment much so please don´t disregard what I have to say for my new-member status.

This whole thing ties in nicely with a theory I´ve been developing over the past few days:

BTCS and Spondoolies merger is a terrible for Bitcoin and here´s why:

Since the day the merger was announced I watched every shareholder meeting of BTCS and most of the published numbers on the deal. It seems that Spondoolies sold its soul to the devil in order to gain access to the goldmine that is the American stock market, exchanging real value for inflated stock market value which will net the management (hundreds of) millions. So far so good.

However what this creates is: A: One HUGE new player in the market and B: A vacuum on the mining equipment side of things for the home-miner and even for medium sized operations like mine. This is the clearest shift away from the original "decentralized idea that Satoshi had and might deal a huge blow to the Bitcoin community as a whole. Other hardware manufacturers are way overpriced for what they can offer so anyone serious about making money through mining Bitcoins with a medium-sized operation is now pretty much dead in the water as are the many home-miners even though it is not as bad for them, because profitability often isn´t the priority here.

Now, old funds are being moved and to me this all points to one thing: Someone just realized that the original dream is dead.

I know many will hate me for saying this, including myself because I invested everything I had into my farm, but decentralization left the Bitcoin world the very second that merger was signed.

From a recent exchange with Spondoolies-Tech I know that even a 90.000 Euro ($101.000) offer could not entice them to sell one or two SP-50 and even thou I purchased 50 Miners from SP last year I do not qualify as one of the select group of customers to use SP terminology.

All this tells me that someone is very disappointed with where things went and it´s not just me.

Call me crazy but I believe many more funds from old wallets will be moving soon and quite possibly we won´t notice most of those movements.

On a personal note: I am clearly not unbiased in this as I feel anger towards BTCS for doing exactly what I did (finding low cost power and rented-space) but being so much more successful at it than me and regret towards SP-Tech because the real value of its business compared to BTCS is 100x higher. (They used the company revenue as a measure of how much both companies are worth, ignoring the value of technology, customer satisfaction and brand-strength involved on SP´s side of the deal.)

On a even more personal note: If you feel I hijacked this thread with my post please let me know and I will remove and reopen as a new Posting. And please excuse my rusty English, it´s been a while...

Bitcoin cannot be destroyed (or seriously affected) by 'companies' that claim to be "experts in blockchain technology".
...and the original dream is not dead!

Could you elaborate on your point a bit please? How did you arrive at this conclusion?