Quote from: darkmule on July 24, 2013, 06:31:33 AM

Quote from: SgtSpike on July 24, 2013, 05:03:06 AM

I was simply refuting the point that people who paid in BTC are failing to make a profit.

I disagree with your point, but understand it. People who paid with BTC (assuming they get their units before the difficulty goes through the roof) will probably have more BTC afterward. However, they would have even more BTC had they done something else, such as if they had sold BTC at $250 and then bought it back at even where it is, $90 (actually $94 just checked).

And if, as most people even those who use BTC, they denominated their net worth in some other currency, like USD, they spent BTC on their pre-orders at USD values back when BTC was worth much less, and had they not even made a purchase, but simply sat on their BTC, they'd already have made a huge profit. So buying a pre-order was a huge mistake. It was based on the notion that BFL was going to deliver product with vastly greater specs than anyone else was able to deliver. It was coming any day now. So stay away from Avalon and anyone else (those who are actually delivering reliably).

That's really where the scam part comes in.

This is silly.

Butterfly Labs sold their products in dollar denominated form. Whether a purchaser decided to pay for it in BTC at the then current exchange rate or with dollars was their own choice, not Butterfly Labs'. Recall that in June 2012, BTC was $6ish. Recall that in June 2011 it was $18, $20, even $30 at times. So you're talking about a currency, that, at the time of purchase, had lost anywhere from 2/3 to 4/5 of its value since the preceeding year.

But, apparently Butterfly Labs knew something that no one else knew, so they took in orders at $6/BTC and sat on them because they knew that BTC would turn around and hit $240 9 months later? And the people that paid their bitcoins over when they were $6/USD also knew that bitcoin would reverse course and hit that price level 9 months later but paid with Bitcoin instead of cash because they were confident that they'd get their product in 2 weeks so they could mine back all the coins they spent in time for that meteoric rise? And then they would have sold those coins at the top of the market and jumped back in at $90? Why wouldnt' they have jumped back in at $70?

This is an awful lot of speculation. It's a lot of looking in the rear view mirror. Nobody but nobody knew where BTC would be priced later on. And every single person, had they believed in their heart of hearts that BTC would take off, every one of them could have made their purchase in dollars rather than BTC.

It's water under the bridge.