Re: I do believe bitcoin price will boom when we switch from GPU to ASIC mining
When we use GPU, money from miners go to AMD's hand and doesn't comeback. When we use ASIC, the asic companies will use a portion of that money to promote their business, attract more users & miners come to bitcoin economy. This causes a positive feedback loop and bitcoin economy will boom. Right now, butterflylabs are promoting its business using google ads.
I guess someone out there might click their Google ad and find out about bitcoin that way, but writing "Bitcoin" on the back seat of a buss might be more effective marketing, to bring new money in...
I fully expect ASIC mining to bring a lot of new miners on board (mostly old bitcoiners trying out mining for the first time) and that's why I'm staying away from mining.
