justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 22, 2013, 05:45:04 PM |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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callezetter
Newbie
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Activity: 30
Merit: 0
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November 22, 2013, 05:48:34 PM |
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Someone has 200M worth of BTC. holy crap Wow!!! Cant it just be an exchange moving/consolidating stored funds around, or something? |
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Coinseeker
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November 22, 2013, 05:48:44 PM |
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speculation is not just speculation. it buying and selling stuff, mostly US dollars but also chinese, and its happening because btc is very convenient for buying and selling stuff
Yeah, I don't buy it because actually, Bitcoin is the furthest thing from being a convenient payment rail. Government fiat and debit cards are still much more convenient. That may change in time. As a speculative instrument, Bitcoin has proven it can raise money. The rest, remains to be seen. |
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Pruden
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November 22, 2013, 05:50:54 PM |
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When seen in a logarithmic chart, I always tought fitting it to sqrt(x) was much more appropriate. Maybe we could have some fitting-analysis? |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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November 22, 2013, 05:54:25 PM |
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Hey there partner. We don't like your superexponential kind 'round here, y'know. Too many bad memories. *twitch* |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 22, 2013, 05:55:04 PM |
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I've been trying to answer the question, "what would the S-curve representing a hyper-monetization event look like on a log scale?"
I'm starting to think it would retain its S shape in both the linear and logarithmic scales.
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sickpig
Legendary
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Activity: 1260
Merit: 1008
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November 22, 2013, 05:57:25 PM |
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As of now btc has higher evaluation on bitstamp (just a few $). Does it mean there's no more delay in gox fiat widthdrawals?
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DaRude
Legendary
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Activity: 2778
Merit: 1791
In order to dump coins one must have coins
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November 22, 2013, 05:58:48 PM |
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Satoshi  But yeah stuff like this keeps me awake at night |
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mb300sd
Legendary
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Activity: 1260
Merit: 1000
Drunk Posts
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November 22, 2013, 05:59:06 PM |
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Whats all this about bitcoin not being a convenient payment method? Scan QR code, click send, whats more convenient?
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Ivanhoe
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November 22, 2013, 06:01:16 PM |
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As of now btc has higher evaluation on bitstamp (just a few $). Does it mean there's no more delay in gox fiat widthdrawals?
People who sold on Mt.Gox are still in denial and waiting for sub 500. I guess they underestimated Bitcoin again. |
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fred1111
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November 22, 2013, 06:02:13 PM |
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Whats all this about bitcoin not being a convenient payment method? Scan QR code, click send, whats more convenient?
It will be really convenient once hardware wallets with cameras (for scanning QR codes) and biometrics (to prevent theft) start appearing. |
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bitcoinbible
Newbie
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Activity: 14
Merit: 0
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November 22, 2013, 06:02:22 PM |
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Someone has 200M worth of BTC. holy crap satoshi = no doubt !  |
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ag@th0s
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November 22, 2013, 06:05:07 PM |
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He's flying a flag - if Branson doesn't get seriously involved with Bitcoin infrastructure within a year, I'll eat my feet. He's got a "nose" for new things, loves risk and he wants to go to the stars. It's worth studying him well because he's the one European Entrepreneur I know of who could pull everything together. Banking, Media, Retail..... Transport.  Choo Choo Motherfucker |
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maz
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November 22, 2013, 06:05:31 PM |
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As of now btc has higher evaluation on bitstamp (just a few $). Does it mean there's no more delay in gox fiat widthdrawals?
People who sold on Mt.Gox are still in denial and waiting for sub 500. I guess they underestimated Bitcoin again. That will be back, it would be silly to presume otherwise. |
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Chainsaw
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November 22, 2013, 06:06:15 PM |
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When seen in a logarithmic chart, I always tought fitting it to sqrt(x) was much more appropriate. Maybe we could have some fitting-analysis? Superficially, the argument is: is logarithmic growth sustainable in the long run? In the long run, no it is not, unless you can always create more of the good (i.e. fiat money). So that rules out Bitcoin. But we've absolutely seen such growth over the span of several years. The next layer was - well, new platforms, paradigms - they are capable of this logarithmic growth for many, many years (TV, telephone, internet). Bitcoin, should it succeed, will fall into this category. Now granted, the answer to this question won't matter for at least a few more years - we still have so much adoption to do...but at some point, the shape of the end of that curve will become very, very important. Logarithmic growth can't be the long term fit. Sqrt(x) seems like it would never have the rate-of-increase-is-increasing quality, which we are currently seeing. Only recently (from BitchicksHusband?) did I see someone mention a sigmoid curve...which seems to be a proper fit, both in terms of the rapid rate of acceleration on the early end, and the eventual, necessary levelling. Wish I knew for sure. Right now, the answer doesn't change my plan - buckle up and hold on :-) |
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dasein
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November 22, 2013, 06:06:57 PM |
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Bitcoin is still in beta and brilliant eggheads are working on it and there's now a shitload of people with a vested ($$$) interest in making it happen. The scaling issues will certainly be solved.
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malevolent
can into space
Legendary
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Activity: 3472
Merit: 1721
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November 22, 2013, 06:07:32 PM |
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He's flying a flag - if Branson doesn't get seriously involved with Bitcoin infrastructure within a year, I'll eat my feet. QFT. |
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Pruden
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November 22, 2013, 06:09:51 PM |
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Logarithmic growth can't be the long term fit. Sqrt(x) seems like it would never have the rate-of-increase-is-increasing quality, which we are currently seeing.
Isn't the sigmoid curve an exponential at the start that falls behind with growth? Nowhere is an increase in the rate of increase to be seen in a sigmoid curve. The so called "vertical" phase is exponential-turned-linear on its way to saturation, but I might be wrong. |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 22, 2013, 06:10:53 PM |
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Only recently (from BitchicksHusband?) did I see someone mention a sigmoid curve... People have been talking about sigmoid curves since 2010 at least. Haven't you seen this before?  The question is, what does your curve look like when adoption is following a sigmoid curve, and the value of the currency you're using as a reference is also collapsing exponentially? |
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CryptStorm
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November 22, 2013, 06:12:40 PM |
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Logarithmic growth can't be the long term fit. Sqrt(x) seems like it would never have the rate-of-increase-is-increasing quality, which we are currently seeing.
Isn't the sigmoid curve an exponential at the start that falls behind with growth? Nowhere is an increase in the rate of increase to be seen in a sigmoid curve. The so called "vertical" phase is exponential-turned-linear on its way to saturation, but I might be wrong. ditto +1 well put. EDIT: So the question becomes where are we on the innovator => laggard scale? I would think still in the innovator coming up to early adopter pdq. |
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