Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
Jutarul
on 28/08/2013, 00:08:11 UTC

Mircea Popescu runs MPEX which is an exchange that ASICMiner refused to be listed on. He's been attacking AM ever since so anything he says should be taken with scepticism.
The official position of bitfountain was to only manage claims of direct shareholders (https://bitcointalk.org/index.php?topic=99497.msg1571278#msg1571278), and that hasn't changed.

I don't really understand the hostility towards ASICMINER in the article. If the author is upset with the current situation he is free to offer a solution to the market using available means to establish a solid pricing mechanism. And last time I checked, the existing pass-thrus seemed to do an acceptable job. Also there are constantly auctions on the auction forum.

I think his main critique is mainly pointed towards the recent decrease in share price. I don't think the decrease in share price is a failure of the pricing mechanism. It's rather the outcome of a liquidity crunch (more investment opportunities than capital, causing chronic undervaluation), combined with the deployment cycle of ASICMINER miner and their dividend policy.

I expect the share price to stabilize above 2 BTC/share. If it does not, it provides an incentive for previous owners to move back into the market.