gbianchi : interesting work. Have you tried the same analysis with total bitcoin market value (also called market cap) instead of price, i.e. would be just price times number of coins issued?
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Is lambie ill? I have not seen him often today Hello! The price jumped 10% yesterday. It wouldn't surprise me he's seriously sick because of it. He knows he's flogging a dead horse. ... flogging a dead pink and mauve fluffy pony with rainbows radiating out its behind?
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yeah ok, I'm ambivalent about work for the death star JP morgue … might be a good way to get inside and sow misinformation about bit coin though. Nothing worse than they have been doing screwing with markets, money supply, justice system, politics, food, energy, etc, etc … all for their own benefit.
Last I heard they were totally pwned early last year, would be surprised if they last until the next decade … big, fat, ripe, nasty targets have a habit of imploding in spectacular fashion.
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Everybody is saying Bitcoin is the like TCP/IP layer protocol for internet money, what if the blockchain tech. is more analogous to the firmware level (assembly, microcode, etc) and we haven't even imagined the eventual value transport routing protocol layer developments yet??
bitcoin - the transistor of money? yup, attribution please, you heard it here first. Hmm. So what is the IC? yeah, the analogy falls apart quite quickly and all will as it has no direct precedence. Since block chain programming is more of an abstract concept, albeit with a very real working implementation, it is more like the first demonstration of an instruction set (actually who came up with the first concept of an instruction set?) … an instruction set architecture with execution on a massively distributed virtual machine (the bitcoin network) for programmable immutable objects of value. Edit: In fact, a good analogy would be the ENIAC of money, world's first computer of money. This is the realization that ethereum grasped when conceiving their copy, yet to be executed. hope it isn't analogous to the first floating point operation, - the flop of money?
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Everybody is saying Bitcoin is the like TCP/IP layer protocol for internet money, what if the blockchain tech. is more analogous to the firmware level (assembly, microcode, etc) and we haven't even imagined the eventual value transport routing protocol layer developments yet??
bitcoin - the transistor of money? yup, attribution please, you heard it here first.
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just fyi … sensing some truly breakthrough developments in the wind. On the order of sidechain significance. The great unknown about BitCoin is it is just the beginning in the intellectual pursuit of programmable money. No one can predict where this will lead with any certainty at all. But you can almost be sure that with over 30,000 bright energetic minds now turned on to crypto concepts and programmable money there are going to be unpredictable upside developments. … it may be that block chain TX are comparatively rare yet we still all use bitcoin. Everybody is saying Bitcoin is the like TCP/IP layer protocol for internet money, what if the blockchain tech. is more analogous to the firmware level (assembly, microcode, etc) and we haven't even imagined the eventual value transport routing protocol layer developments yet?? Blockchain is a very fundamental concept, some would say simple, obvious in retrospect, yes, but so is the transistor. http://www.reddit.com/r/Bitcoin/comments/2xdgrc/intel_staffing_up_bitcoinblockchain_effort
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just fyi … sensing some truly breakthrough developments in the wind. On the order of sidechain significance. The great unknown about BitCoin is it is just the beginning in the intellectual pursuit of programmable money. No one can predict where this will lead with any certainty at all. But you can almost be sure that with over 30,000 bright energetic minds now turned on to crypto concepts and programmable money there are going to be unpredictable upside developments. … it may be that block chain TX are comparatively rare yet we still all use bitcoin. Everybody is saying Bitcoin is the like TCP/IP layer protocol for internet money, what if the blockchain tech. is more analogous to the firmware level (assembly, microcode, etc) and we haven't even imagined the eventual value transport routing protocol layer developments yet?? Blockchain is a very fundamental concept, some would say simple, obvious in retrospect, yes, but so is the transistor. http://www.reddit.com/r/Bitcoin/comments/2xdgrc/intel_staffing_up_bitcoinblockchain_effort/
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http://www.resourceinvestor.com/2015/02/26/companies-slowly-warm-bitcoinWe would expect Bitcoin to stagnate some more before resuming the move down. This is our best bet at the moment. $200 (dashed red line) might be the level to observe as far as the next move to the downside is concerned.
Summing up, we think speculative short positions might be the way to go. ouch, reamed.
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shorts say hello to destiny
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I think the greedy trolls should short some more ...
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Fortunately, only half of the population is average or below ... for the rest of us, there is bitcoin.
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00000000000000000b63fd2b074637a7252d9d456968d9d0e747f279dd8bc131
What does this number represent?
Hash of the latest block? yes, but more importantly it represents the result of petahashes of computing power working for ~10mins to find an extremely difficult number (look at all those zeros!) that can not be reproduced, faked or counterfeited ... it is tangible, quantifiable, easily verified proof of very hard work. Not to mention it is currently worth around $850k ...
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00000000000000000b63fd2b074637a7252d9d456968d9d0e747f279dd8bc131
What does this number represent?
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anyone who was around in Nov. 2013 recalls clearly that the bull run stopped, in fact went into complete reversal for a few days to a week at around ~$700 when bitstamp had a banking backlog/issue of some sort?
explain to me again how willy on gox was "in charge" of the bull run?
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no, you haven't plotted bitcoin versus hryvnia, it's not unlike the gold plot
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We are breaking up from the triangle soon
... as obvious as a wart on the end of your nose. Yet few will admit to it, or do anything about it .... same deal with the wart. I will admit to anything. Just bounce that mofo up to the $380s, and I'm game. it is a powerful triangle now going back over a year ... probably move quite rapidly up to 500, don't see 380 as significant but 250-300 range could be active for a while until breakout confirms
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I think the model needs to be updated to account for two effects not captured thus far; i) the chasm of adoption that happens around the first quartile of the population of adopters bell curve that will feed through to the S-curve's cumulative effect. (It will look like a 'pause' in the S-curve) ii) there isa strong negative feedback effect with any monetary good due to the price perception coupling with supply/demand (google "Griffen good") ... as the price rises(falls) demand strengthens (weakens) ... humans are weird, irrational about money.
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We are breaking up from the triangle soon
... as obvious as a wart on the end of your nose. Yet few will admit to it, or do anything about it .... same deal with the wart.
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