Quote from: cryto4rig on July 02, 2013, 05:23:09 PM

They are in the process of getting BTC on the stock market, google Bitcoin in the news section. That will give it a boost. You can make a really long statement why you think its dead but you have to look at all resources first, if BTC gets on Nasdaq, that was a lot of writing for nothing.

Not true, not a single ASIC vendor is shipping.

Do you mean BT Labs? They still did not shipped a single unit sold this year 2013.

And most people buying this devices are suckers, that forget something. By the time they get their devices, all of the other people that pre ordered before you, probably including last year, will hook up their device first.

This means the hashing difficulty will be 100 times or more harder when you hook yours. So that device you though would make you 10 bitcoins a month, will make you 1 a year by the time you receive it and put it online.

Not to mention all this huge guys that had access to thousands of ASIC chips before you go. Once they start to go up online, your ASIC device, regardless of how strong or big it is, will generate absolutely nothing.

And GPU mining? Will that is a laugh right now, the minute just maybe a very small % of ASIC go online, imagine when most that where sold get online...

If all of them where sold at the same time, this would have leveled fields. Why?

Because that person buying 1000 of this devices, would still not outpower all those 10,000 customers buying 1 device, which in total are still more. You get the point?

But this is not true. The companies selling this ASIC devices, are mining with them until they make no profit anymore, (Avalon) then they put theirs to sale. Others say they have limited supply but ship devices to media magazines and Internet reporters all over the Internet to increase their presales. Other ones says they are out of stock but sell behind doors 1000 devices to a specific miner of company.

All chips come exactly from the same place? Don´t you see the problem here? They are not being delivered to the consumer. Its the biggest corruption ever made, they want the cakes share first, and what they don´t realize, is that they are destroying themselves at the same time, as Bitcoin is losing value.

If Bitcoin loses its decentralized mining system, its dead. At least now. Maybe in 20 years when everyone uses it like they use PayPal, centralized mining or transaction would work, but right now? No. Bitcoin is to new, and once most bitcoins or mining are in a few hands, new users will completely feel and smell a scam. Its all about trust. Bitcoin without trust is dead.

And the ASIC market should showed that you cannot trust this ASIC vendors, they all come from the same hand and are benefiting their friends or heavy buyers first vs the normal and standard consumer.

Absolutely all 3 ASIC vendors right now are a complete scam. They used their customers money from pre-orders to fund their own ASIC mining operations.