...rockminer started a company to produce and sell miners and failed, backing a company financially does not always mean it is a win.
How is it that so many Bitcoin companies fail so hard? Could Bitcoiners really be that much dumber/more incompetent/less educated/sucky at life than normal folks?
I mean, just solid, wall-to-wall fail!
Who woulda thunked that making money-printing machines was so haard.
Owell, could be just bad luck I suppose
Well for IPO investors AM1 up until now has done okay.
I would say we bitcoiners might be just be dumber when it comes to investments, simply because we have money does not mean we know how to use it wisely........
It's generally the same in the real world though, for every booming investment there is a few that fail or don't work out so well.
Bitcoin itself is still new technology and sometimes someone sets out with an idea and a plan but just cannot over come hurdles in the way, be that financially, competitors or market conditions.
life is a series of good or bad luck or a series of good or bad decisions, which ever you prefer......