Post
Topic
Board Hardware
Re: Why are people cheering that ASICMINER will bring 800-1000TH online this year?
by
Paladin69
on 01/07/2013, 02:53:44 UTC
Not people buying shares so one guy can mine more.  Christ.  Central bank shit right there.

I'm not quite sure what you mean by that: 400k shares were issued approximately one year ago when the company first started. Approximately 160k were sold at 0.1 BTC each to raise funds for the fabrication of the first chips, and the remaining shares belong to the founders. No more shares have been issued, so there has been no dilution in the equity.

Care to explain more closely what you mean by that statement, I'm not sure I understand entirely what you are implying?

The scarcity of btc is being replaced by a system of shares.  The dilution will come by an ever expanding hardware investment of re-issuance.

You wouldn't trust GLD or SLV paper metals but you'll help grow this operation.  This just isn't a good idea.  I've seen this before.  It's being replicated in the digital sense.  Well, paper stocks are digital but you hopefully get my point.