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Author Topic: The Despondancy Stage  (Read 5318 times)
oda.krell
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February 02, 2015, 01:03:27 PM
 #101

^ Hopeless.

Reminds me of the Ideological Turing Test. In general, it's a lot more instructive to listen to the viewpoints of someone who can (correctly) summarize his opponents' viewpoints than to someone who can't.

I know there's a number of "conditional bulls" in here that can see some good chance for a long-term prospect of Bitcoin being useful, and the asymmetry of the market bet on that event being strongly in their favor right now, but they're not blind to the possibility of it being a failure mostly, one way or the other.

Same for "conditional bears", by the way, who can see a chance for Bitcoin to succeed, but consider it rather unlikely, and the bet at current market price not to be in their favor. Fair enough, I can follow that line of thinking.

What I really don't care about are viewpoints that can be summarized as "It can't possibly fail." or "It can't possibly succeed." Failure to even answer OP's simple question about a significant adoption scenario means you pretty clearly fall into that category.

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manis
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February 02, 2015, 04:42:15 PM
 #102

I am not feeling "The Despondency Stage", since the future is still very bright for Bitcoin.

We have to go past the 'Despondency Stage' before a real break out occurs.
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February 02, 2015, 04:55:05 PM
 #103

The exchange rate is still reflective of tiny speculative trade volume and only a blip of use. It could move up or down 10x from here in short order and would still not be indicative of long-term adoption or "failure".
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