Well put reactor.. Exactly my feelings.. I wonder if some day we look back on all this and end up seeing what a BIG freaking Rip off it really was for most of us..
As a group who has invested in BTC we want to see it succeed, but honestly I can't see how new people are getting on board every day
due to the general clusterfuck nature of things these days.
excuse me, but the creators of state of things as they are purported by the bolded text are not friedcat or well established resellers... anyone can start the rumor mill here and I supose anyone can get baited by one and start writing uncontrollably and with a hot head...
it's like watching piranhas feeding on a plastic cow (it's an American expression my Indian friends, no offense is meant! please substitute with an animal of your choice that could wander into the Amazon river)...
I know nothing about writing with a hot head.
Oh no, don't get me wrong, the only reliable people on here are the ones who deliver. And as far as vendors, AsicMiner is the only one with credibility since they do what they say, they just don't say a lot often enough to limit the amount of FUD and what'ifs. I've got an order in with BFL, am involved in a BFL chip + hardware buy with Lucko, have shares in a KNC Jupiter, as well as shares on Havelock and BTCT with various projects. This is mainly because nobody has a freaking clue what is coming next. I won't piss more money into the wind for hardware that may not matter when it shows up.
Every other week it seems like there is a new IPO (every one of which turns into a grab'n'dump clustermess), same with new Asic companies. Nobody has anything to deliver but promises as long as they have their cash up front so you can land [target hashrate] at [predicted time], but buy now because quantities will be limited when/if delivered! But since there are so many (and so many rumors), nobody can tell (using KNC as an example) if 100GH/s will even matter in October, if it should even ship in October.
When referring to the grand clusterfuck of BTC, I mean things like
a) Pricing that can vary greatly if someone has a few million USD to spend or a few thousand BTC to dump. This makes it tough for BTC to expand out to any businesses not selling virtual goods or directly involved in the BTC industry.
b) Many vendors are promising similar delivery timeframes and huge batches of hardware. Who will deliver? Who will go Avalon and look good at first but screw up down the line? Who will go BFL and sell a good story but have a terribly rocky road and a reputation in the dirt at the end of the day? And what if they all deliver? When I ordered my BFL LS it seemed like a great deal of Price/Hash, right now I'm running a USB farm at over 30GH and the daily return isn't that great.
c) Unless people have other motives for what a crypto currency provides, new people coming into the industry have no less than 4000 pages of forum threads to read to have any clue what is going on because even then there is no real way to know what anyone is delivering until they deliver, or has to pick and choose if they believe the KNC thread where people are hyping their professionalism and their partnership or the one where people are questioning the lack of any physical hardware to demonstrate.
The whole BTC industry is a mess. Things are getting better, we likely won't be able to have this same discussion in Feb/2014, but right now things are a hot mess.
