I believe it is foolish to hold any altcoin long term. No matter what any developer claims; you know they store their value in BTC.
shapeshift.io very effectively enables cross chain transactions; effectively creating one economy out of all supported coins. I can confirm their api and skeleton implementation are well designed, and their customer support will resolve an issue; if you have one.
While I have always felt it is the responsibility of every miner to only use pools that represent less than 12% of the total Network hashrate; it is also important that: the Network be distributed geographically.
Currently too much of the total Network hashrate is geolocated in China. Bitmain has repeatedly claimed they support a distributed Network; but they like any corporation, will always be motivated by profit. Splitting their pool into 2 distinct pools; is proof they are aware of the situation.
Buying miners from a Chinese Manufacturer will ultimately only increase the geographic centralization of the Network in China. Bitmain will have a new miner to populate their own mines, and or sell to us; in early March. Please don't support Bitmain unless they start actually supporting the distribution of the Network.
I would rather make GPU rigs and mine altcoins, than support the centralization of the Network in China. Hopefully your new Bitfury miners will be complete soon; and I will be able to get some new miners in good conscience.
I like the way you think
But nothing will stop the "Centralization" of Bitcoin,well a algo swap would but that will never be allowed to happen.......
I've gone back to GPU's too...................after spending all my btc on ASIC upgrade after ASIC upgrade to keep up with ever increasing diff/power consumption ratio
Here's hoping an "altcoin" takes over
BTW,it makes NO matter if the Chinese,Americans or Russians end up centralizing Bitcoin,ANY centralization is BAD............