Post
Topic
Board Mining speculation
Re: Betrayal of the ASIC manufacturers
by
philipma1957
on 15/10/2014, 02:27:14 UTC
There's nothing wrong with ASIC manufacturer's pocketing a larger share of the money than those they sell miners to.

The problem arises when they defraud investors with intentional deceit.

Most companies make money off of the initial opportunity granted by having investment capital from home miner's orders. Then they pocket an additional portion of the investor's expected return, causing most to go into the red.

No other consumer industry would be able to do this.
It's a fact that will tarnish cryptocurrencies indefinitely, regardless of how widely accepted they become.

Pretty much agree with this.  In a way they are like the bankers from the old school banking and stock exchange  system of wealth.

Should be fun to see what happens when the two square off to slice up the pie so to speak.   lets see if old money men simply absorb them.