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In your example, at R3 you can't sell 3000GH for 2000$ (0.67$ per GH), when 50k for 10k$ (0.2$ per GH) comes out.
And even then you are going to sell R3 shares at 0.27$/GH rate, that normal ppl won't buy.
Yea, you can play with arbitraty numbers.. but in the end, you will either sell overpriced shares or steal from old shareholders (option #3 + some tricks with numbers).
It happens because of: you are selling infinite lifetime shares for hardware, that has limited lifetime.
Edit: you can make reinvestment in Round. And it will work good. But, when you merge and add new rounds, somebody will always pay more. And it will bring fundamental problems for operation earlier or later.
And even then you are going to sell R3 shares at 0.27$/GH rate, that normal ppl won't buy.
Yea, you can play with arbitraty numbers.. but in the end, you will either sell overpriced shares or steal from old shareholders (option #3 + some tricks with numbers).
It happens because of: you are selling infinite lifetime shares for hardware, that has limited lifetime.
Edit: you can make reinvestment in Round. And it will work good. But, when you merge and add new rounds, somebody will always pay more. And it will bring fundamental problems for operation earlier or later.
ASICMiner sells shares in their total revenue (which is basically what this option 2/3 would be)
Is that selling shares in limited lifetime hardware? No.
And are they overpriced? Last I checked their shares sold for .5 BTC each and the dividend payments were something like 0.02
You'd be buying shares in a mining entity. Granted in this case I wouldn't be manufacturing hardware but rather acquiring whatever hardware is available with the potential for positive returns, and without the insane overhead of R&D costs
