There's already a
post on reddit with this same concernThe top comment by sgtspike brings up a very good point:
"Let's see... would you rather approach a venture capitalist (who knows nothing of Bitcoin), and say, "Hey, I need $2M, and I'll make $12M in sales in a year," or "Hey, I need $2M, and I'll make 1.2 million of this funny internet currency"?
Yeah...
Also, another factor you haven't taken in to account: If BFL was known to have more than half the hashing power of the Bitcoin network (which they undoubtedly would be able to achieve if they produced their own ASIC chips and mined on them before anyone else), all confidence in Bitcoin would immediately falter. And when confidence falters, the price drops, like a rock. And when the price drops like a rock, all those BTC that BFL is mining become worthless. Suddenly, they are out a $2M investment, and it was all for nothing.
They are helping to preserve the Bitcoin network by getting ASIC miners into as many people's hands as possible, increasing confidence, the price per BTC, and, logically, their sales (higher BTC price = more sales)."