Apparently i was pretty close with my analysis of the network hashrate forecast and other details in
Petamine's google docs document. The network hashrate is now 30% higher than expected, and petamine's hashrate is now half of what was expected.
transparency only hurts when people are being misled, when things arn't as what they appear on the surface.
attitudes like that are why people lose money in companies like GOX and Neobee
investors should be able to see exactly what they are putting there money into.
Then you live in a fantasy world. Show me a publicly traded company that is transparent like you're talking about and I'll be quiet.
Rental starter and BDD seem pretty transparent to me. Additionally, if you gain a decent chunk of an public traded company, you will usually get voting or board rights that allow you to see what happens behind the scenes. If i brought 100% of petamine i would be getting exactly nothing of that.
....
Long and short, not making false promises is far better for a company than promising and failing to deliver. I never invested because of the "custom hardware" they were making. Knowing how custom hardware design and production goes, if they delivered that, it was icing on the cake.
Very valid points, but comparing a known million-dollar-company with an reputation and existing cashflow to an industry where 95% of startup are close to a scam is not really fair. For example, the neobee share is currently going nuts because nobody knows what is going on. The average bitcoin investors seems very sensitive to FUD.