Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
gramma
on 02/05/2013, 16:33:12 UTC

...I trust friedcat until he proves I can't, I understand the strains of running a startup (I've done it multiple times myself)...My point is that AM can prove to the world that BTC investments are real, that they are valuable, and that we can play the game of big money. That game, however, is played with some predictability and with some plans longer than "I'll pay tomorrow once I get some sleep". That sleep is probably more deserved than anyone's has ever been, but for investors to even consider putting any real money into this game (and I'm not talking speculating in BTC/USD in general, I'm talking BTC investing) then we need to have a poster child for how an asset is run.

.b

I am feeling a little uncomfortable with the amount of my very modest BTC fundage I have in this investment. I gauge that "a little uncomfortable" is about right for the level of risk/reward as I see them at this time. My downside risk is ow-worthy to be sure, but not devastating.  However, there's a whole lot more room on the upside.

I've done the startup thing as well, and it is...intense. And that's without the constant Fx challenges friedcat faces between BTC/RMB. I doubt he pays the power bill in BTC.  I have no doubt that he could use a helping hand. But that in itself is a lot of work, even if you have a skilled and trustworthy candidate already lined up.  I know friendcat needs his sleep, and I hope he understands that even though we're all interested in more detail, at the end of the day (or night) we're cheering for him to succeed.

I am hoping that friedcat can become that poster child you mention, and I have money on that. In terms of poster-child candidates, our bench is not yet very deep in this space.  If friedcat sets a terrific example, that situation will improve.