Quote from: MrTeal on December 07, 2012, 02:49:18 AM

Quote from: proper_proper on December 07, 2012, 02:40:37 AM

A few too many "in camera" sessions of knocking his head on the bottom of the magistrates desk has left Nolo dazzled and unable to think clearly. Why would you think this is a good idea?

Why wouldn't he want to do this? It allows him to buy ASICs at almost no risk. If the company he chooses doesn't deliver? No loss. Difficulty goes batshit crazy and the ASIC takes years to pay off? No worries, not his money. ASICs actually turn out to be pretty profitable and they pay themselves off in a half year? He gets a steady income stream without using his own money and only has to pay 10% of income.

proper appears to be a troll/sockpuppet that for whatever reason doesn't like me or maybe its just lawyers in general, as to my knowledge I've never even communicated with him. He follows me around and makes snide lawyer comments. So I find it best not to respond to him.

Also, you're correct I don't share the risk that ASICs are vaporware. But I do share the risk if difficulty goes crazy, as I'm the one paying for ALL of the electricity until the ASIC is completely paid off. Then it's free money for the lender after that in perpetuity (or until the ASIC dies).

Basically with me, you get the benefit of the mining bonds, without the risk of never getting the thing paid off. So the way I view it, lending to me is much lower risk, as it is a somewhat secured loan. The ASIC itself serves as the collateral.

A side note, I have strep throat. So for the next couple of days I'm probably going to be slow responding, and mostly in the bed. I get pm's immediately on my phone, so that is definitely the best way to get me.