Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It

TL;DR he is solid trustworthy

I don't think anyone here who has held shares would disagree but this isn't about that. IPO investors who entrusted him with 500 BTC (~$5000 at the time) for a board seat (5000 shares) are now millionaires, go back and read that for yourselves. However, the question that many people here (speculators and soon-to-be shareholders) are wondering:

Q: Is it more profitable to

1) just hold BTC
2) spend BTC to buy mining gear that is "ahead of the curve"
3) spend BTC to buy shares in mining company that develops and sells their own hardware

It is highly recommended that those who decide to partake in any of these options to do your research, or you will just give away your BTC.

Conceptually I like option 3 but without regulation what protection is there in anything regarding BTC other than the currency itself? I'm sure FC is a stand up guy but what mechanism or condition is in place for investors to have any assurance they will see benefits from their investment should things really move in a positive manner?

You must be new here, You see the amount of money people make in crypto is because the risks they take! You thought this was free money for nothing?

Consider the IPO, I was there, I gave some guy in china with the pseudonym "Friedcat" thousands of dollars for a promise that he would make something that name like bASIC and Butterfly Labs were going for as well. Alot looked at me as stupid then as lucky and I keep telling them "I took a major risk, I freaking deserve every penny I made!"