Quote from: SgtSpike on July 24, 2013, 07:44:40 AM

Quote from: jordaninthesky on July 24, 2013, 06:40:32 AM

Quote from: SgtSpike on July 24, 2013, 06:12:33 AM

Quote from: jordaninthesky on July 24, 2013, 05:23:58 AM

Regardless how you measure the bottom line, the promises made versus what was delivered have both heaven and hell between them. People who paid with BTC lost an immediate opportunity, but I'm sure they won't mind waiting an exponential to infinite amount of time to mine their 200 BTC back, in sight the ever increasing difficulty. Considering, too, that there is a direct correlation between BTC and $ in this transaction, the fluctuations in trade values have to be included in the calculations as well.

I'm not sure what your point is. Again, we're back to hindsight is 20/20, and Bitcoin itself would have been a better investment than miners. People who pre-ordered mining machines back in June 2011 obviously thought they would be a better investment than Bitcoin itself, took the risk, and have thus been proven wrong. They will still make a profit, but will not make as great a profit as they would have had they simply saved or invested in Bitcoin itself.

You are still wrong man. That's assuming that people get their devices and are able to mine back the BTC that they used to pay for it. At this point, you have a recovery of %0.5 recovery a day, and dropping. Dropping exponentially. In 15 more days, it'll probably be closer to %0.1 and then 15 days after that %0.05. In 200 days you still will be at something like %45.764742155 recovery, earning %0.000005 BTC a day. Get it? The earlier you got in on BFL (paying with BTC), the more screwed you get coming out. Definitely more so than cash spenders. Avalon was the way to go. Actually, anything BTC related that wasn't a scam was the way to go. Obviously.

I'm not wrong. I bought two miners for $2,600 worth of Bitcoins. I could have instead invested that money in Bitcoins (by not spending it). I will make way more than $2,600 with these miners, so I will definitely make a profit. If I had invested in Bitcoins at the time, I could have more profit than I would have made if I had not purchased these miners.

Bitcoin would have made a better investment, but I am still profiting with these miners.

There is functionally ZERO difference between someone who bought a $1,300 miner with BTC and someone who bought a $1,300 miner with USD. Both had equal opportunity to invest that money in BTC instead of miners. If the one who bought with BTC had instead kept his money in BTC, he would have around $23,400 today. If the one who bought with USD had instead invested that $1,300 in BTC, he would have around $23,400 today.

You make a very good point here, but there are some other thing to be considered:

How many of the people who paid $2600 in BTC for these miners would not have spent it on something else?

What if you were holding stock instead of BTC and decided to sell it for $30 a share to make a $1300 purchase, would it be fair to blame the company you bought from if the stock then rises to $100 a share? It's not like BFL held onto all this BTC they were paid, they had to sell it or use it in their purchases.