This is an insurance product that will pay out either in the situation that BFL ships 25 units, or that they do not ship 25 units, depending on which insurance you buy.
Great. So if it wasn't bad enough that some moderators seemingly have no sense of objectivity, we now have a moderator endorsing and organizing gambling ?
Diablo, it's time to step down. Your jimmies are way too rustled over all this BFL stuff.
What does me providing an insurance product have to do with me being a moderator? If I never became moderator, I would have still done it... and the reason I was made moderator was because I wrote DiabloMiner. Should I step down from developing DiabloMiner because I do a lot for the community? You don't make any sense.
It doesn't come accross as a "insurance product". It looks a lot like a "put your money where your mouth is" gamble.
Insurance is gambling with statistics. Life insurance, for example, is where you gamble that the owner of the insurance will pay in more money (pre-investment) than is paid out on the policy at the time of death (post-investment).
Insurance isn't just "gambling". Its a customer paying money for the transference of risk (of any kind) to the insurance company. For someone buying life insurance, you pay a monthly due, and you receive the reduction of risk that if you die, your family will not go into debt. You pay auto insurance as a protection of the CHANCE of you getting into an accident, and having to buy a new car.
For someone who has purchased a BFL ASIC, the DI.BFLSC.Fail could be seen as an insurance. They are paying more BTC now, in case their investment doesn't pay off in the time frame allotted. They pay now, as a reduction of the risk of potential future failure.
However, the DI.BFLSC.Succeed does nothing to reduce risk. It's a risk for risk's sake, which is a gamble.
