Quote from: erk on July 06, 2013, 11:57:55 AM

Quote from: KarmaShark on July 06, 2013, 11:22:55 AM

For all of the coverage the BFL Long-Con has received, this is the first time I have seen someone give this perspective. To anyone involved in ฿ intelligent enough to not do business with BFL, you really have to be thrilled about what they have been able to pull off, on a personal level. You can thank BFL for the following:

- Herding the most gullible and naive Bitcoin investors together and cleaning them out of all of some / all of their $ or ฿'s, thus removing them from the market. Their purchasing power is gone and they are no longer competing with yours to drive up prices. BFL customers have made us all wealthier.

- ASICMINER has been given the market, thanks in large part to their #2 or #3 challenger offering them a full 12-14 month head start. Any rare BFL hardware that does make it to an investor will now have to compete in a sea of outperforming hardware of scale. BFL has essentially taken $ and ฿ directly from clueless investors and redistributed that bounty back into the network, down the grapevine and into ASICMINER shareholders pockets.

- 50-75% hardware blow-outs on BFL's gear are coming this Fall. For the few remaining marks left in the BFL camp, the odds of receiving hardware that works AND is profitable is becoming a pipe dream. Queue the flood of BFL pre-order fire sales taking place in the Auctions forum on this very site and Ebay. This is what should happen, intelligent investors that had the sense to stay away from BFL can now use their $ or ฿ to buy up the bilked investors discounted hardware. This allows someone to still make a net return on the hardware, and that is how it should be in this case.

The free market punishes lack of foresight, impatience and naivete. It rewards vision, mental strength and timing. The BFL scandal is a wonderful example of how this industry attracts both types of investors in droves, and why shamelessly (and obviously) bilking the most gullible of them is still a profitable business venture.

Man you are full of it aren't you?

Welcome to my ignore list.

Erk ignores anything that disagrees with his point of view. He probably has half the forum ignored by now.
From his little echo chamber, BFL is the greatest company on earth and all of it's customers are happy.
Plus, he probably gets paid for ButterShilling (TM).