LOL…ok…because the guy selling them told me so…I guess it’s true. Give me a break. They have been caught with their hands in the cookie jar more than once to the point I wouldn’t trust anything from him.
However, I can base my decisions on my assessment of what he did SAY (whether true or not) and the underlying motivations of someone in his potions.
This is where I could go on a huge detailed breakdown of competitive intelligence and psychoanalysis but that would be largely off-topic for this thread.
The short is…
- they have “withheld the truth” before (if you consider that lying or not)
- Bitmain has no motivation to declare otherwise concealed assets
- there are tons of free and paid avenues to communicate between east and west (I’ve used them before) especially for a multi-millionaire
While I applaud Zooko in communicating with Bitmain on the topic (giving benefit of the doubt that it was all above board, though I know some here have doubts), in this case “straight from the horse’s mouth” doesn’t make it any more trustworthy.
People are making assumptions that Bitmain wants to be on the level and open about what’s going on. That is a western-business assumption…that is NOT how business is conducted in China. They owe us no explanation and, unlike in open-western-markets, there is virtually no repercussion for them to act that way.
(AMD and nVidia would never get away with that)
Plenty of businesses, making a lot less earnings than Bitmain, have no problem with communication channels and PR with western markets. If they wanted to, it wouldn’t be a problem as they claim.