Low Energy Nuclear Reactions (LENR) become more and more  familiar in the scientific community.
NASA's scientist confirms that by using nickel they can produce heat+copper (not radioactive) and by using carbon they can produse heat+nitrogen.
Also  independant research teams from all over the world have reached to similar experimental data.

So, the propability of producing no-radioactive gold with low cost rises in the near future. I will make my speculation more extreme by saying that producing gold may also give an energy-profit when LENR is understood in a deeper level.

I will speculate that in 5-10 years the price (in $) of one 1Kg of gold will reach the price of one 1Kg of copper.

http://www.forbes.com/sites/jeffmcmahon/2013/02/22/nasa-a-nuclear-reactor-to-replace-your-water-heater/

http://www.youtube.com/watch?v=kE3MC5tGBrY

The price of btc raised from 5$ to 15$ in a period of 2,5 months after the announcement of bitinstant (May 23, 2012).  

https://bitcointalk.org/index.php?topic=83209.0;all

Here is the chart:

http://bitcoincharts.com/charts/mtgoxUSD#rg730zczsg2011-09-29zeg2012-09-01ztgSzm1g10zm2g25

The ripple+ZipZap situation looks the same as btc-bitinstant situation except there is no pirate40 for the huge fall in price. (17-19 august 2012)

Nothing for sure only speculatiing...

Fufftfdtffgkjf

BTC guild pool has the 40% of the total network power.

http://blockchain.info/pools

http://www.btcguild.com/index.php?page=pool_stats

The guild pool speed has increased +400% in the last 6 weeks.


I dont know how guild pool operates so i ask you:

Is there a possible threat for a 51% attack?


Lets make some calculations:


Gmax = Gn + (k x h)

X = Xn + (k x h)


Gmax :  guild pool speed for becoming  a 51%  threat.  (Gh/s)

Gn: guild pool speed now  (Gh/s)

X:  total network hash rate  if Gmax is reached (Gh/s)

Xn:  total network hash rate now  (Gh/s)

k: number of ASICs

h: ASIC hash rate (Gh/s)


Assume that the network's computation speed  (do not include guild pool speed in the networks total hash rate) does not grow so fast as the guild pool speed does.
A good assumption because the networks computation speed has grown +100% in the last 6 weeks Vs a +400% increase in guild pool speed.

http://bitcoin.sipa.be/speed-lin.png

Also the +100% increase includes the +400% guild pool increase. So the increase of the network's computation speed without including the guild pool increase is less than 100%.
Guild pool has added 16000Gh/s to the network the last 6 weeks. The rest network has added 10000Gh/s to the whole network the last 6 weeks.
So the rest network computation speed has a +40% increase Vs a +400% increase of guild pool speed.

How many ASICs  should be added in the guild pool in order to become a threat?

Gmax / X > 0.51                                            =>

[ Gn + (k x h) ] / [ Xn + (k x h) ] > 0.51             =>

.
.
.

k > [ Gn-0.51Xn ] / [ 0.51h-h ]

Gn = 20000Gh/s

Xn=50000Gh/s

h=60Gh/s
.
.
.
k>187



So 187 ASICs (60Gh/s each)  or 11000gh/s must be added to guild pool in order to become a 51% threat assuming that the rest network grows very slowly.

This means that guild pool will reach the threatening point in 3-4 weeks if the situation does not change.

rK3mQg14stixU8yZzeKkvPXsi4btfX11BY

Avalon is cashing out, this is the 20k btc wall all about.

600 asics pre ordered

600 asics X $1500= $900k

avalon received $900k in btc at the price of 20,3$ (febrouary 2) or 44~45k btc

($900k/$20.3= 44~45k btc)

avalon sold 20k btc at $19 approximately (febrouary 2)

19 X 20000 = $380K (the cost of manufacturing the products)

So avalon puts an ask wall of 20k btc @ $21

20000 X 21 =$420k (profit)

and hoards 5k btc.

Lol!!! buy now or never... no matter how many $ you have.

27.33$

Eee, "whale"! did you bought 15K btc @ 15$ and now selling them @ 15.75? Did you invite your friends the other "whales" to join the party?
In my opinion when a whale reveals himself then more big players are getting into the game.   

i have seen it in a dream (I am not joking!)

$72

If big banks decide to join the game first they will try to devaluate btc in order to buy cheap (big players always use such strategy). This could be done by rumors or a plan of making btc illegal but not making it illegal actually (they have the tools to make this happen). When the price falls and starts to stabilize then they buy. If devaluation at some point ever begin then keep a close eye in the volume.

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.

Distribution makes prices rise, but high prices do not make distribution rise... And because i think that the rate of people getting familiar with btc decreases would be better if the btc price goes down. Personally, i do not care where the price goes...

The btc price "must" go down. Btc value (not price in $, euros...) is related to the number of people that  btc is distributed. High prices means less distribution. Αlso the rate of people getting familiar with  btc is slowing down (for the moment), i think.

 Α long period of price stability would be better for btc but less probable.

Just a thought!

hahahahaha  a smaller bid wall at 13.2.   Mr M is confused! Buy now Mr M, admit that you have made a mistake!

The 15k bid wall will be removed...

It could be true! thanx for sharing

Here is a video that supports these evidence. The cold fusion (LENR) processes are used by nature.

1 hour video but it is really interesting.

http://www.youtube.com/watch?v=CGl4wPCSl5M

I agree with you.
I believe btc is more than a currency or medium of exchange. Btc is a tool. A tool for society to leave behind any inflationary debt based model. If bitcoin becomes successfull in a large scale then a decrease in prices over time will be a common thing. And there are technologies like 3-D printing or LENR that support the idea of a continious decrease in prices.
So bitcoin may be unnecessary for things that can be easily produced.

http://www.kurzweilai.net/nasa-video-on-lenr-low-energy-nuclear-reactions-a-clean-form-of-nuclear-energy

This is on Ray Kurzweil site.

With new technologies impossible becomes possible. Sooner or later gold (not radioactive) will be created in the lab with very low cost using LENR technology.  I am not going to argue with you, just do your own search about LENR.

Is not everything about LENR a hoax.