There was skepticism around Butterfly Labs from the beginning.
Like most bitcoin companies, the Missouri-based startup sprang up out of nowhere. In late 2011, there were rumors of a leap in the technology for mining bitcoin. This technological leap had the potential to create massive profits for miners, as well as massive profits for those selling the new equipment to miners. It was the old selling-pickaxes-during-the-Gold-Rush strategy.
Except Butterfly Labs added a twist. They didn't sell pickaxes. They sold preorders for pickaxes.
via The Verge - All Posts http://ift.tt/1DwFVFa
No comments:
Post a Comment