Curing the Fud: Why Bitcoin's Growth is Normal & Fudders dont want you to know.

[samo]

Since there's so much fud out there in relation to btc and claims of it being a ponzi scheme since most people can only recognize such high gains from there association to ponzi scheme's. Lets help clear the blinders a bit as most people are desensitized to seeing value unless you show it to them. This kind of growth is nothing new and has been done in the last 10 years by companies we all know , so without further ado here's the vid, and do keep an open mind and educate yourself away from the fud. gl

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

[GigaCoin]

Since there's so much fud out there in relation to btc and claims of it being a ponzi scheme since most people can only recognize such high gains from there association to ponzi scheme's. Lets help clear the blinders a bit as most people are desensitized to seeing value unless you show it to them. This kind of growth is nothing new and has been done in the last 10 years by companies we all know , so without further ado here's the vid, and do keep an open mind and educate yourself away from the fud. gl

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

great video with great analysis, it makes a lot of sense and he's absolutely right bitcoin hasn't achieved the vertical growth yet, the delay compared to other new ideas is due to a steep learning curve and lack of marketing.

[marcus_of_augustus]

Awesome video.

This is MUST WATCH material.

He get's all the best ideas about network growth together in one tidy package and gives great examples and finishes with real numbers that make sense.

Big UPS. +++++

[infinitybo]

Currently watching this vid and a quite interesting vertical time for certain.

[thezerg]

One thing he does not mention which is very important is that an exponential is self-similar.  What that means is at ANY point on the graph, plotting just the prior values (at a visible scale) looks like a bubble.  For example, over the course of a year when 2 rats become 100, the last 50 rats were born within a few weeks.

It is only when the curve starts to flatten out that you can tell where the vertical portion was...  So Dec might have been the vertical adoption, but if BTC ends up at 100billion valuation,  this "vertical" will look like an anthill like 2011 does today.

[samo]

One thing he does not mention which is very important is that an exponential is self-similar.  What that means is at ANY point on the graph, plotting just the prior values (at a visible scale) looks like a bubble.  For example, over the course of a year when 2 rats become 100, the last 50 rats were born within a few weeks.

It is only when the curve starts to flatten out that you can tell where the vertical portion was...  So Dec might have been the vertical adoption, but if BTC ends up at 100billion valuation,  this "vertical" will look like an anthill like 2011 does today.

Very good point, I predict an exciting 2014.