Cypherdoc is definitely part of the problem.  so it's not surprising that sheeps holds him up as one of his Daddy's.

his problem is that he's had a problem with GMaxwell going back years on end so his current position on opposing GMaxwell's ideas are unsurprising.  it's just all the other whoring he does on Reddit and Twitter that really make one suspicious.   he's a much smarter version of <insert troll>.

This litecoin rise won't break anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.

Yep. This is my take:

It looks like the bull cycle has already started and investors are looking for alternatives, likely because of the 1mb attack that has gone unresolved for years now.  Hopefully its not too late to increase the limit and let the bull run... or maybe its time to jump ship.

Mehh ... there is no way on hell that the price will reach that much on one month , Ireally don't understand where those predictions comes from , I mean no prooves or informations or whatever ...
Price will most likely won't reach that much on next halving block reward so ... next month ? just forget about it .

it can only reach such heights after it has been adoped by the whole world.

with china out the way is easier to smash down .. probably not 284, more likely 250 - 255 tomorrow morning . i'm HODL through the smash again .

I don't think the next spike can be $560,000 14 months from the date of the OP. That's next November and would have to go up from today's price by 2240x. It's never done anything like that since it went from 10 Bitcoins a cent to $2 when it started off. Those kind of price increases would need billions of dollars throwing at Bitcoin to happen today. In the early days a few thousand dollars would pump the price crazily.

So the number I have picked is probably not that accurate. The magnitude, and the colossal unbeleivableness of it, is what is important. That's the black swan that nobody sees coming. That 90% of the people in the world will miss 90% of the bitcoin

Probably my timescale is wrong, probably my target is wrong.

Mostly though I'm still confident the underlying hypothesis remains solid. When it happens people will be utterly bamboozled.

are you noticing a theme here?  don't bother to really credit Bitcoin as the plumbing underneath enabling the intl transfer of dollar balances:

Circle’s robust support for Bitcoin also gets even better. If customers choose to hold dollars instead of bitcoin balances, they can still pay any person or merchant who accepts payment in bitcoin, without ever holding bitcoin themselves. Circle will handle instant conversion from dollars into bitcoin at the time of the payment. The reverse is also true: customers can accept bitcoin and expect Circle to convert it instantly into dollars in their Circle accounts. This gives customers the benefits of bitcoin payments without the risk of price volatility.

This way, customers can choose to view Bitcoin not as a new currency to replace the dollar, but as an Internet payment network that enables secure, instant, global and nearly free payments.

Whoa. You would have been called a dreamer predicting this kind of news "in three years" in 2012.

New Dollar Features

We’re also introducing new US dollar features that enable customers to hold, send, and receive dollars. Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. Dollar account balances held by Circle customers are FDIC-insured.

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility.

Dollar account balances held by Circle customers are FDIC-insured.

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

Actually, I wasn't agreeing with his whole concept of just depending on headers and a hash of the UTXO set for a full node. I still think it's important for every new full node to download the entire block chain initially to build a valid UTXO set before discarding  any blocks. But I do like the idea of adding a  hash of the UTXO set into each block to ensure it's integrity.

Finally (for the purposes of this piece), there is the immutable transaction log. The log demonstrates incontrovertibly the complete heredity of each and every satoshi, from coinbase to unspent output. This globally-shared, append-only log cannot be disentangled from that which is Bitcoin. Nodes that run with "pruned" blockchains will still always depend on the existence of nodes with unpruned blockchains from which to sync. Perhaps in some idyllic (for the fiat shitgnomes) world, the entire Bitcoin network would switch over to this "headers first" synchronization method, bypassing the all-important verification of each transaction in each block.

Long term, pruning.

These things will be plugged in everywhere as full nodes:

http://www.digitaltrends.com/computing/innovatek-stick-pc/