A few questions:
So the ASIC companies are evil for selling a product with high market demand?
So the people buying ASIC's by the truckload are not the issue?
And this can be stopped by creating another ASIC?
What drugs are you guys on and can i have some?
1. In Bitcoin mining some laws of regular economy don't hold. For example, there would be NO demand for ASICs, if there were no ASICs anywhere. People were still mining happily with GPUs/FPGAs. ASICs just increased the difficulty rate.
2. They have no other choice, we are here to give one.
3. If you read my post properly, you would find the answer to this question. We are not creating just "another" ASIC. We are creating a low cost ASIC ($100 - $200 for a 400 to 600 GHash/sec capacity chip).
4. Irrelevant question.
May I ask how do you plan to effectively control the rate of difficulty climb?
Explain it to me, because I don't understand. Even if you are extra-ordinarily cheap by the time you release your ASIC, the prices from other vendors will probably already be matching yours.
For example, I created a CoinTerra chart a few days ago as to where their prices should be as difficulty climbs. If you look carefully by the time you ship, you will have to compete with them at their price point.
I don't quite understand how your company plans to lower ASIC prices (assuming this is the plan) to stop the crazy rise of difficulty?
http://s9.postimg.org/hcigp57fz/Terra_Miner_4_2_TH.png