Quote from: Queezy on June 24, 2013, 04:44:10 AM

Quote from: Entropy-uc on June 24, 2013, 04:29:07 AM

Quote from: Queezy on June 24, 2013, 04:24:14 AM

Not that I want to derail all this great discussion Wink

but alot of people are ignoring (or at least not talking about) a major factor. The whole point of TAT.VM was a way to simulate buying hashing power instead of buying the hardware itself....now I'm not trying to say that mining hardware is at a reasonable price right now, as I think it definitely will come down once more supply is available....but let's say for a moment that you wanted to start "mining" but you don't have enough money for a suitable machine. Just for the sake of an argument, lets say you decide that you want to try a USB miner.
Most USB miners are being sold for around 2BTC if not a little more. (as i said, i think this is too high)
For 330 shares of TAT.VM (the equivalent of a USB miner) i would have to pay 1.15BTC right now.
Not only is this cheaper, but the dividends would pay out the next day instead of waiting for shipping and setup. Not to mention dealing with internet downtime, power outtages, etc. And there is no overhead to keep TAT.VM shares.

Yes, you have to watch your investments if you are worried about losing value. No one is saying you should go and buy blindly. But to say that no one should ever buy any of these types of shares, and that they are overvalued pieces of crap is just dishonest, shortsighted, or ignorant.

With the line of thinking that some people have you should just never buy any mining hardware either unless you are "promised" to get a ROI in less than 2 weeks.

If you think something is overpriced, fine, that is a fair point to make. But to say there is no reason at all to own this type of asset is the same as saying you should never buy any mining hardware. Yes, it's a risk to buy into something, everything about bitcoin is risky. Decide if it's a risk for you or not, and if not don't buy it. But don't rage at everyone else that does know how to watch their money just because they can succeed while you are scared of failure.

You're a little behind the news. USB miners are 0.99 BTC now.

And you shouldn't buy mining bonds at 20x the hardware price. Or, as in this case, bonds that are backed by no hardware at all.

I haven't been looking around the past few days, i guess they have gone down some in price, but my point stands the same that it is not a useless asset. It might be overpriced, but that doesn't mean it shouldn't exist.
And for the point of the bonds not being backed by physical hardware, that is another issue altogether =P
I am fairly sure it was said from the beginning that it wasn't backed by physical hardware. Personally I think this is better, if it is a person you can trust..He is not saying you are buying 1MH of a specific piece of hardware that could fail, he is saying he will pay you for a days worth of hashing. Now if you want to say TAT isn't trustworthy to pay this, I won't even get into that argument as I haven't been around these forums long enough to see what all he has done. But from what I have seen, I have no problem buying these shares if they are what I see as a good price. Which is basically what I would be willing to pay for physical hardware too. I'm not trying to claim a certain price point, I'm simply saying there is a price point where this can make it as good if not a better investment than physical hardware.

And are they .99BTC for just a single one? I know that you can get this price for a bulk shipment, I was talking about a single (not that it matters much)
Where are you getting 20x the hardware price?

the whole concept here is based on mere puffery which is perfectly fine as long as everyone is welcome to participate , however when you restrict participants and btct cant even keeo their server up obviously that presents issues..hmmm