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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 631774 times)
Arriemoller
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April 17, 2014, 04:55:59 AM
 #1081

Does this mean that I am the first to identify a pattern?
If so, I wish it to henceforth be known as "the Möller pattern". You may omit the dots if your keyboard is english.  Wink

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
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The trust scores you see are subjective; they will change depending on who you have in your trust list.
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jonald_fyookball
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April 17, 2014, 05:01:41 AM
 #1082

Does this mean that I am the first to identify a pattern?
If so, I wish it to henceforth be known as "the Möller pattern". You may omit the dots if your keyboard is english.  Wink

Enjoy your 15 minutes of fame, Möller (hey that was cool, my iPad let me do the ö...)....
Anyway, um pretty sure the pattern will change to something else.

Bagatell
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April 17, 2014, 06:34:39 AM
 #1083

Does this mean that I am the first to identify a pattern?

Not quite the first  Wink

https://www.tradingview.com/v/3qJCpvjH/

&



Slippery Slope's Million Dollar Logistic Model



railzand
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April 17, 2014, 06:50:13 AM
Last edit: April 17, 2014, 07:15:45 AM by railzand
 #1084

No, not the first. But for clarity and simplicity of explanation, you win 2 internet stars and a lollipop.

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April 17, 2014, 07:15:10 AM
 #1085

How can your username be Anonymous ?

I was just going to ask the same thing - is it supposed to be Anonymous as in the hacking group?

https://bitcointalk.org/index.php?topic=12156.msg6168673#msg6168673


...Most people in the world will never even own 1 coin!...

As the prices rises (like the last couple days) people very quickly remember how limited the supply of BTC is.
Buy now, before only the wealthy elite can afford them.   Cheesy

Speaking of wealthy, wasnt there a prop bet in the making for BTC Vs. Berkshire Hathaway Class A stock?

I thought I heard of a few people putting up BTC against 1 share of the stock for earnings (with the winner taking it)

Yes there was a thread about that ~3 weeks ago, when Warren Buffet was saying bad things about BTC (based on lack of understanding)
Our friend from Primedice (does everyone know Primedice.com is the best BTC gaming site?) was considering betting 300 BTC.
I hope he wins if the bet is made. Smiley




I would put some side action on the BTC side. Berkshire is pretty stable, the amount it moves in a few weeks is like a few hours in BTC. It would all depend on how long the bet lasted.
Deviant1
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April 17, 2014, 10:26:16 AM
 #1086

How can your username be Anonymous ?

I was just going to ask the same thing - is it supposed to be Anonymous as in the hacking group?

https://bitcointalk.org/index.php?topic=12156.msg6168673#msg6168673


That is AWESOME! This thread is epic, it needs to continue on forever.
jonald_fyookball
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April 17, 2014, 12:44:17 PM
 #1087

So if I have just one coin, I will be wealthy?

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April 17, 2014, 12:48:06 PM
 #1088

So if I have just one coin, I will be wealthy?

No, a wealthy elite

Lohoris
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April 17, 2014, 01:14:35 PM
 #1089

So if I have just one coin, I will be wealthy?
No, sorry.

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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political


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April 17, 2014, 01:23:40 PM
 #1090

So if I have just one coin, I will be wealthy?
No, sorry.


Well then how many do I need?

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April 17, 2014, 01:28:23 PM
 #1091

So if I have just one coin, I will be wealthy?

Yes. But you might have to wait for one or two decades. In 5 years, we got from $0.0008 to $500. Who knows? In another 10 or 20 years, we might reach $1,000,000.  Be patient, collect as many coins as you can... and hope for the best.  Grin

Note: And most importantly, keep your wallet secure and take regular backups.
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April 17, 2014, 01:44:09 PM
 #1092

So if I have just one coin, I will be wealthy?

Yes. But you might have to wait for one or two decades. In 5 years, we got from $0.0008 to $500. Who knows? In another 10 or 20 years, we might reach $1,000,000.  Be patient, collect as many coins as you can... and hope for the best.  Grin

Note: And most importantly, keep your wallet secure and take regular backups.

Or use a paper wallet

SlipperySlope
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April 17, 2014, 02:20:14 PM
 #1093

So if I have just one coin, I will be wealthy?
No, sorry.


In contrast to mass conventional wisdom, I believe that owning a single bitcoin will rapidly become impossible for the average person in a developed country. Prices have been increasing on average 10x per year, and according to a logistic model of bitcoin adoption that I maintain, that astounding rate of increase will continue year by year until the half way point of adoption, at which the rate of increase rapidly diminishes.

Anyone here should have some idea how far, far away we are from the half way point of adoption. Assume some portion of transacting entities, i.e. persons, businesses and governments, will ever use bitcoin - and some portion never will. How many years will it take for the former portion to have half its members adopt bitcoin?

I believe the average person in this world having a single bitcoin will be among the wealthy persons in their respective city. It is difficult to imagine such a situation given the current price of a bitcoin - yet the great temptation will be to spend it too soon, i.e. within four years of purchase.
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April 17, 2014, 03:02:06 PM
 #1094

... and according to a logistic model of bitcoin adoption that I maintain, that astounding rate of increase will continue year by year until the half way point of adoption, at which the rate of increase rapidly diminishes.
...
I wonder about that. Your model does follow adoption of products for example. You may be right. But bitcoin has some properties that are more comparable to something like domain names. In that case the demand seems to grow based on increasing uses for the internet protocol. It's going to be interesting to look back 10 years from now.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
Arriemoller
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April 17, 2014, 04:28:02 PM
 #1095


I stand corrected.

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
Arriemoller
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April 17, 2014, 04:28:56 PM
 #1096

No, not the first. But for clarity and simplicity of explanation, you win 2 internet stars and a lollipop.

And thank you for the stars and the lollipop.

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
Lohoris
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Bitgoblin


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April 17, 2014, 04:55:48 PM
 #1097

So if I have just one coin, I will be wealthy?
No, sorry.


Well then how many do I need?

Do I look like a fortune-teller?

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
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SlipperySlope
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Stephen Reed


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April 17, 2014, 05:28:34 PM
 #1098

... and according to a logistic model of bitcoin adoption that I maintain, that astounding rate of increase will continue year by year until the half way point of adoption, at which the rate of increase rapidly diminishes.
...
I wonder about that. Your model does follow adoption of products for example. You may be right. But bitcoin has some properties that are more comparable to something like domain names. In that case the demand seems to grow based on increasing uses for the internet protocol. It's going to be interesting to look back 10 years from now.

Peter_R has discovered evidence that Metcalfe's Law applies to Bitcoin - which I comment about here . . .

Metcalfe's Law Explains 10x Price Growth Vs. 3.2x Transaction Quantity Growth
Dafar
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April 17, 2014, 06:06:20 PM
 #1099


In contrast to mass conventional wisdom, I believe that owning a single bitcoin will rapidly become impossible for the average person in a developed country. Prices have been increasing on average 10x per year, and according to a logistic model of bitcoin adoption that I maintain, that astounding rate of increase will continue year by year until the half way point of adoption, at which the rate of increase rapidly diminishes.


You're on slippery slope buddy


wut abt this guys?





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ChuckBuck
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April 17, 2014, 06:24:33 PM
 #1100


In contrast to mass conventional wisdom, I believe that owning a single bitcoin will rapidly become impossible for the average person in a developed country. Prices have been increasing on average 10x per year, and according to a logistic model of bitcoin adoption that I maintain, that astounding rate of increase will continue year by year until the half way point of adoption, at which the rate of increase rapidly diminishes.


You're on slippery slope buddy


wut abt this guys?



Why you gotta post this?  Now, we're definitely going to zero now.   Cry

Nah, I don't buy it!  All this means is cheap Bitcoins to buy.  BUY BUY BUY!

CharityAuction
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ColdScam
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