i'm not talking about hardware or market
i'm thinking about BTC sys.
it was a perfect sys
but now......

maybe i should post it to Economy discussion?

i know of millions of people that buy gold and trade gold. but they dont mine it because its expensive to buy the machinery and too time consuming. they would rather continue with their regular day job and buy gold for other reasons, whether its for investing or for making things from.

bitcoin will be the same. hobbyists that gpu mine btc will start to either up their game and make it into a proper profession by buying making their own bigger rigs or change their method of accumulating wealth.

much like gold miners had to upgrade from pan washing gold to using excavators and wash machines.. or they became gold merchants, trading mined gold which other people mined, for fiat currency and pocketing the profit margin in the middle.

bitcoin will be the same. you will notice more fiat exchanges pop up and other bitcoin related ventures. use this time to think up new avenues of income. EG google "drop shipping" and see if you can find legit products that you can sell for bitcoin without the hassle of packaging up the goods, as the supplier handles all that.

and if you truly want to help the economy and help increase future strengths of bitcoin. aim your plans at the outsiders.

try not to be a sheep making yet another gambling site that only those within the community will use, or another coin lending site only the community will use.all that will achieve is stirring the pot of cash within the same group of people. no wealth creation, just diluting wealth within the community.

and as for the identity of these secretive ASIC creators i think its now widely known that Sonny Vleisides and josh zerlan are behind BFL.. and their address.. you could probably find it..

but with that in mind about trust. do you know steve jobs or bill gates home address off the top of your head? yet people dealt with their companies without issue a few year back before they stepped off their CEO thrones for differing reasons.

i do agree that bitcoin businesses need to be transparent and honest as it creates alot of scepticism when they hide certain facts about themselves. and even now people are not 100% sure about BFL due to the vagueness of facts BFL decide to release. Which is totally understandable.

their PR does suck and i think aswell as miners having to up their game when asics come out, i think bitcoin businesses need to up their game too.

there are only a handfull of bitcoin businesses which i find great, and they are bitinstant, moneydealers, bitcoinstore bitpay. and strangely enough they are all linked together by certain people.

i think other businesses, oops i should say other hobby stores should learn from the legit businesses and up their game.

bitcoin is still growing, not dying. so look forward to change and roll with it.

thanks for reply, i'd like to discuss about it. if i'm wrong i'll be very happy.
u talked about gold.
but gold is different.
in the ancient time, people like gold just because it looks wonderful and rare and easy to store.
now we know it's really rare.
but if alchemy can change something to gold.
do u think gold it worthy?
just like ruby and sapphire.
several hundred years before, it was very expensive.
but how about now? why?
everyone like diamond, but any country has diamond reserve? why not?

as a virtual currency.
BTC must stand on the top of current technology.
since GPU is not the most efficient way to mine, it'll be kick off sooner or later.
ASIC is a good plan, if ASIC machine is made by TI and well tested for a year, that's great!
but homemade? it's a nightmare.

and...anyone can tell me why butterflylabs website is blocked by GFW?

at the beginning i said anyone wanna make a 50% attack will pay huge money and get nothing, that's also what u r talking about.
but manufacture of ASIC has enough source but no need to pay anything.
because all machines just in his hand before shipping
can u imagine the mint join in the market directly?
who can supervise and control the manufacture of ASIC?
NONE!

ok, maybe u can say "i trust that guy" or all miner trust this guy.
then back to my first point
BTC sys not base on the trust on any human but math and logic.
even all miners and developers trust someone is not enough.

A 51% attack is happily doable with like 10 millions $ , cpu, or gpu, or fpga, or asic, or alien technology.

And no, asic will not kill btc, lol. Stop spreading this fud, stop this idiocy.

Maybe now finally people will notice that bitcoin is not about mining. I'm tired of people that arrive on the forum hoping to become rich by mining with their computer. That is ridicolous.
This said, mining with ASIC is much easier than with a computer. You just buy a Jalapeno, few hundreds $ and done, you mine. No need to mess with drivers, clocks, cooling etcetc.

Oh and as i said, 51% attack cost like 10 millions $, now or with asic it's the same. And it's not a lot of money. Or do still someone here believe that a million $ is a lot? Lol

Your idea boils down to "someone rich can buy tons of asic" wich is nothing new. Now someone rich can buy tons of gpu

All these video and guides are from 2011, and yes they should be fixed. Today they are just misleading. Mining with your computer today don't even repay the electricity you use.

just your arguments don't sum up, sorry.
Either you haven't understood how the Bitcoin technology and ecosystem works, or you are susceptible to fears and believes instead of rational arguments. The fact that you mention alchemy when it comes to gold mining seems to support the latter. Alchemy is no real possibility and never was. The things in science fiction movies (and in most mainstream movies anyway) are fictitious. No one can fly with warp speed, no one can hack into a computer just by saying "beep beep" into some phone, and likewise, there is no way some guy can make a homemade or even professionally made device which magically cheats and subverts the bitcoin protocol without anyone noticing it right away.

So your fear is generally ill guided. You should not be afraid about some hypothetical weakness of the system, rather you should be aware of individual people (your business partners) attempting to scam you. Even an ASIC producer could indeed be a scammer, but such an ASIC scammer would have to take substantial risks on his side too, so it boils down to risk assessment for individual business transactions. But the fact there are scammers doesn't allow you to deduce anything about the strength or weakness of the system as such.

The mining of bitcoins and the miners are part of an economic construction, not of an idealistic system. So it doesn't matter if mining "feels good" when you tell about it to outside people. What matters is only if mining fulfils its function within the system, and if this fulfilment of function is guaranteed an perpetuated by a technological and economic mechanism.

/Mining speculation/ ?

Just reading your title,,, ASICs are far from being "HOME" made.