Quote from: franky1 on January 24, 2013, 07:28:57 AM

i know of millions of people that buy gold and trade gold. but they dont mine it because its expensive to buy the machinery and too time consuming. they would rather continue with their regular day job and buy gold for other reasons, whether its for investing or for making things from.

bitcoin will be the same. hobbyists that gpu mine btc will start to either up their game and make it into a proper profession by buying / making their own bigger rigs or change their method of accumulating wealth.

much like gold miners had to upgrade from pan washing gold to using excavators and wash machines.. or they became gold merchants, trading mined gold which other people mined, for fiat currency and pocketing the profit margin in the middle.

bitcoin will be the same. you will notice more fiat exchanges pop up and other bitcoin related ventures. use this time to think up new avenues of income. EG google "drop shipping" and see if you can find legit products that you can sell for bitcoin without the hassle of packaging up the goods, as the supplier handles all that.

and if you truly want to help the economy and help increase future strengths of bitcoin. aim your plans at the outsiders.

try not to be a sheep making yet another gambling site that only those within the community will use, or another coin lending site only the community will use.all that will achieve is stirring the pot of cash within the same group of people. no wealth creation, just diluting wealth within the community.

and as for the identity of these secretive ASIC creators i think its now widely known that Sonny Vleisides and josh zerlan are behind BFL.. and their address.. you could probably find it..

but with that in mind about trust. do you know steve jobs or bill gates home address off the top of your head? yet people dealt with their companies without issue a few year back before they stepped off their CEO thrones for differing reasons.

i do agree that bitcoin businesses need to be transparent and honest as it creates alot of scepticism when they hide certain facts about themselves. and even now people are not 100% sure about BFL due to the vagueness of facts BFL decide to release. Which is totally understandable.

their PR does suck and i think aswell as miners having to up their game when asics come out, i think bitcoin businesses need to up their game too.

there are only a handfull of bitcoin businesses which i find great, and they are bitinstant, moneydealers, bitcoinstore bitpay. and strangely enough they are all linked together by certain people.

i think other businesses, oops i should say other hobby stores should learn from the legit businesses and up their game.

bitcoin is still growing, not dying. so look forward to change and roll with it.

thanks for reply, i'd like to discuss about it. if i'm wrong i'll be very happy.
u talked about gold.
but gold is different.
in the ancient time, people like gold just because it looks wonderful and rare and easy to store.
now we know it's really rare.
but if alchemy can change something to gold.
do u think gold it worthy?
just like ruby and sapphire.
several hundred years before, it was very expensive.
but how about now? why?
everyone like diamond, but any country has diamond reserve? why not?

as a virtual currency.
BTC must stand on the top of current technology.
since GPU is not the most efficient way to mine, it'll be kick off sooner or later.
ASIC is a good plan, if ASIC machine is made by TI and well tested for a year, that's great!
but homemade? it's a nightmare.

and...anyone can tell me why butterflylabs website is blocked by GFW?