Post
Topic
Board Securities
Re: AM Self-mining
by
jimmothy
on 31/07/2014, 15:35:02 UTC
No, hes saying that:

if you would like to keep Bitcoin mining decentralized, then you should not invest in mining companies.

He didn't say Asic's shouldn't exist. He's saying you shouldn't help towards their development if you want to keep mining decentralized. Some people don't want to keep mining decentralized, they value their own profits first.

He is implying that buying AM shares has any effect on how much PH they will deploy.

If asic manufacturers exist mining will become more centralized.

The only way you are adding to the centralization is by investing in the biggest asic manufacturer (AKA bitfury).

Investing in companies competing with the largest company only decentralizes the network.