JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 13, 2014, 01:08:56 AM

I have been a miner since Nov 2011, and I work in a very geek orientated environment, there are over 100 working in my team.  They are all tech geeks and out of these people only maybe 3 or 4 have mined bitcoin.

I dont believe you about having 100 miners on your team

Luckily he did not claim so Smiley

Maybe I have to improve my reading skills... Smiley ...   Smiley... I am still NOT planning to change my post b/c part of my point(s) remains that he is full of it, for a variety of other reasons... including the fact that even he is claiming to be a bitter miner since 2011... may be true, but seems to be like he got screwed somehow or made some serious mistakes and is NOT in touch with whatever caused him to get involved in the mining of BTC.  Maybe he overextended himself or saw that traders were doing better than miners b/c if a miner had saved some of his coins since 2011, he could have a pretty decent little stash... but if he over invested in mining equipment, then maybe he does NOT have any coins... .   He may want to explain the cause(s) for his bitterness that has caused him to not only be bearish but to make a variety of outlandish claims regarding the direction of bitcoin... to describe bitcoin in mostly negative terms..

"he overextended himself"  as a miner that's not really possible,  The only time electricity was more expensive than income was July / August 2013, when LTC was $2.  We are approaching that level again BTW for scrypt coins and soon first gen asics will reach that level.   Avalon ascis (80GH) are there now, power hungry 90nm design (the electric costs more than the BTC received.)

Again you need to read. what I wrote,  you have selective vision.  I wrote..  "Bitcoin is great invention, it has great support ".

I said I don't see where the next big investment will come from straight away.  I said it will take time.  That's why I and many others remain bearish (for now).

I wrote a large post about my bitcoin history, but deleted it, because actually I don't care if you believe it or not.  I could provide proof, but it won't change anything,  your response will still be the same.  (i'm a bitter bear, etc. etc. ) but as I was the person that made the DPZ coin I don't feel like I have to justify my involvement in the crypto community.

Edit: spelling
 

NO you do NOT have to prove yourself... I agree. 

I have seen quite a few posts from you that have seemed to be angled towards spinning some jaded perspectives that are exaggerating facts in one direction or another... so for the time being, I will hold any further negative conclusions in reserve.. .. and see how it plays out... 

I am NOT attempting to read matters selectively, but i likely have NOT read all of your posts..  but that does NOT make my reading selective or purposefully selective in an conscious attempt to look at the world from a tinted glasses perspective.

In essence, I am NOT bothered by perspectives that are negative towards bitcoin, but i am usually bothered by inaccurate depictions when it seems to me that the poster knows better... if you do NOT know better, then you get more leeway, in my thinking.... ..