How, we have no influence on him now. We let him issue 400,000 shares and value his company at $140m. We gave him $57m of capital, we bought $m's of hardware from him at a 95% markup, we [BFL] let him take such a large part of the network that no one can stop him.
We could raise $1b tomorrow and we wouldn't be able to catch him for 2 years, by which point the damage is done.
We lost the game, the greedy man ruined it for us all.
Actually, he issued 200,000 shares, which raised a little above $100K at the time (approximately one year ago). But the company has grown since then.
I agree that BFL's delays have benefited ASICMINER, but that can hardly be blamed on ASICMINER.
ASICMINER is just taking advantage of the stupidity. I can't blame them for trying. Ventures like this will turn mining into a scammy TV infomercial if they continue to be supported.