Re: Old BFL buyers vs new asicminer prices

Ask an average miner which they'd rather do:

Purchase a widget that costs 10 BTC and will generate 400 BTC, valued at $2 each or
Purchase a widget that costs 10 BTC and will generate 5 BTC, valued at $200 each

Invariably, the answer will be the second option, even though that person could have increased their BTC holdings by 40x! Very few people want BTC for BTC sake, they want BTC for what value it provides in their local currency. Again, you may be different, but you are in a very tiny, miniscule minority.

So you are basically saying that the vast majority of miners are complete idiots?

Effectively, yes.

He's also ACTUALLY said that we're all "monumental assholes", on top of the implication we are all complete idiots, so it's hard to take him as someone who has a healthy rooting in reality.

Oh no he has an excellent rooting in reality. It's just that his reality is to maximize the dollars that go into his pockets. It's a classic snake oil salesman / religious zealot tactics. Those that question the miracle are put down as idiots and non-believers. Once you realize that the snake oil is fake you can never go back so you will never be his customer ever again. Insulting you only increases the possible sales to actual customers. He will make any plausible sounding statements like the one above to draw in the people who are miscalculating or are not realizing the exchange rate effects on a limited currency. And the beauty is that the deflationary aspect of bitcoin keeps on helping out. Those that are or potentially will be his customers look at the above and go "why yes that sounds right" so he must be also right that those putting him down are idiots. Let me just get some bitcoins quick to send to him and I am set for life mining $5000 per month without work.