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Author Topic: Momentum ,,, How does it feel to be part of it ?  (Read 1111 times)
Transisto (OP)
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March 21, 2013, 04:51:27 PM
Last edit: March 21, 2013, 05:45:50 PM by Transisto
 #1

Momemtum has finally arrived !!!

Bitcoin is at 1:18 stage.
http://www.youtube.com/watch?feature=player_detailpage&v=fW8amMCVAJQ#t=78s
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Missionary
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March 21, 2013, 04:57:59 PM
 #2

I don't really agree. I would say that we are at the stage where the second follower is just thinking about joining but haven't yet done so.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
Transisto (OP)
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March 21, 2013, 05:47:38 PM
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I don't really agree. I would say that we are at the stage where the second follower is just thinking about joining but haven't yet done so.
I wish I could agree, but it's hard to see 100 000+ peoples as less than two people.
Le Happy Merchant
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March 21, 2013, 05:54:48 PM
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I wish I could agree, but it's hard to see 100 000+ peoples as less than two people.

Compare the world population to the size of that crowd, 100,000 people isn't even one person.

Phoenix
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March 21, 2013, 06:40:12 PM
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It feels great  Smiley Let's do our thing. If the worlds follows suit, all the better for them, but we'll carry on with our thing and enjoy the company.

Great lesson overall, this video. Also: Derek is simply personified Awesome.
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March 21, 2013, 08:32:10 PM
 #6

My point being that if you think that what you are seeing today is momentum, then you have pretty low expectations. I would think that the real momentum will come when we have about 10.000.000 active users and about 5% of the online stores accepts BTC as payment. Those being numbers pulled from my lovely behind.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
Transisto (OP)
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March 21, 2013, 08:53:19 PM
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My point being that if you think that what you are seeing today is momentum, then you have pretty low expectations. I would think that the real momentum will come when we have about 10.000.000 active users and about 5% of the online stores accepts BTC as payment. Those being numbers pulled from my lovely behind.
To be realist I hope real momentum come only after we've stopped expecting anything from BFL and we laugh thinking about the early days of ASICs mining.

I find the current hash-rate to valuation ratio to be unsafe.
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