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Sk8eM dUb
replied 2014d
1 million BCH = 500 million dollars IF the market could handle them selling it all. IDK what their expenses/profit margins are but 500 mill is not actually that much money.
replied 2014d
Who said anything about them selling? They are invested in BCH. They just sponsored the Houston Rockets. They are sponsoring the Dev Con in San Francisco. Bitmain isn't going anywhere
Sk8eM dUb
replied 2014d
That's not really what I'm saying. I'm saying that if they HAD to sell because their books are in the red, even a million BCH is not going to float the Titanic.
replied 2014d
Maybe- maybe not, but that wasn't the original topic.
Sk8eM dUb
replied 2014d
There are other companies coming out with very hot ASIC chips. If even a quarter of their customers go elsewhere for hardware(for whatever reason) I think they're toast.
replied 2014d
Come on now. They are putting up 50 million for Dev Con. If they were even close to being toast, they wouldn't be doing that.
Sk8eM dUb
replied 2014d
Yeah I can get on board with that. I'm a bit skeptical about the motivation behind Wormhole. Seems to me they're more interested in gambling casinos(ICO exchanges) than making BCH cash
replied 2014d
Well that belongs in a whole different topic.