Jaime Frontero
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July 20, 2011, 09:32:31 PM |
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if you want to get Kurzweil to offer an opinion, ask him about the potential of the network - forget about Bitcoin: he'll find them on the way.
it's the network that's more up his alley. and it would - rightfully - fascinate him.
vladimir claims (probably correctly) that Bitcoin is a singularity. he speaks of financial/economic singularities when he does.
but there are other kinds of singularity...
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evoorhees
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July 21, 2011, 04:36:53 AM |
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I would imagine that a singularity such as what Kurzweil describes would require a new monetary system to exponentially increase the efficiency of trade - by an order of magnitude at least. Bitcoin surely satisfies that criteria. Hey... maybe Satoshi really was an AI and it created Bitcoin to start the singularity. Like the match in the kindling?! Oh gosh!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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TiagoTiago
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July 21, 2011, 04:41:27 AM |
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Satoshi was sent from the future?
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!
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da2ce7
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July 21, 2011, 07:35:01 PM |
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I would imagine that a singularity such as what Kurzweil describes would require a new monetary system to exponentially increase the efficiency of trade - by an order of magnitude at least. Bitcoin surely satisfies that criteria. Hey... maybe Satoshi really was an AI and it created Bitcoin to start the singularity. Like the match in the kindling?! Oh gosh!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) yeah... I have often wondered...
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One off NP-Hard.
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netrin
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July 21, 2011, 10:15:15 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fgenaud.net%2Fbitcoin%2F2011%2FJulyBtcTo2002Tech.png&t=665&c=DhRyX1F_vntqIw) Mt. Gox Bitcoin May to today (late July 2011) vs. Nasdaq Composite 1994 to 2008
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imperi
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July 21, 2011, 10:50:16 PM |
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Ray Kurzweil has some nice insights into measuring innovation and growth from a technology perspective.
Ray Kurzweil comes up with impressive-sounding ideas about the future that turn out to be wildly optimistic. The top super-computer in 2010 is about 500x as powerful as the top one in 2000, if not more. Get in touch with reality.
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TraderTimm (OP)
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August 31, 2011, 09:25:04 PM |
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Thread update. End of the month! As of August 31st, 2011 last quote is 8.345 on Mt. Gox @ 5:24pm EST
This is greater than 5.00, of course, and barring any 'discontinuous' events, should remain so.
Conclusion: Not a bubble folks, keep your eyes on the ticker for new developments.
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fortitudinem multis - catenum regit omnia
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defxor
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August 31, 2011, 10:27:49 PM |
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Ray Kurzweil has some nice insights into measuring innovation and growth from a technology perspective.
Yeah how do we get HIM to check out this Bitcoin thing?! Hopefully he'd see how it will bring about the singularity faster, be making all commerce more efficient. Rumor is he takes like a billion vitamins a day so he has a chance of living until the singularity, but he'd be better served by advocating true free market money. http://www.singularitysummit.com/October 15-16, 2011 New York
The Singularity Summit 2011 will be a TED-style two-day event at the historic 92nd Street Y in New York City. The confirmed speakers include futurist Ray Kurzweil, neuroscientist Christof Koch, PayPal founder Peter Thiel, MIT cosmologist Max Tegmark, AI researcher Eliezer Yudkowsky, MIT polymath Alexander Wissner-Gross, DARPA challenge winner Riley Crane, Skype founder Jaan Tallinn, Jeopardy! champion Ken Jennings, economist Tyler Cowen, television personalities Jason Silva and Casey Pieretti, and robotics professors James McLurnkin and Robin Murphy.
I'm quite confident someone from this forum will be there, networking and chatting about Bitcoin.
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netrin
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September 01, 2011, 12:54:41 AM |
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Conclusion: Not a bubble folks, keep your eyes on the ticker for new developments.
"Not a bubble now" or "wasn't a bubble in June"? Because Nasdaq 1997 to present looks suspiciously like bitcoin late May to present. Nasdaq may endure just as bitcoin may endure.
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TraderTimm (OP)
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September 02, 2011, 11:42:56 PM |
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Conclusion: Not a bubble folks, keep your eyes on the ticker for new developments.
"Not a bubble now" or "wasn't a bubble in June"? Because Nasdaq 1997 to present looks suspiciously like bitcoin late May to present. Nasdaq may endure just as bitcoin may endure. Fair enough, I'm not in the same league as chodpaba when it comes to making models for forecasts. All I really wanted to prove was based on prior bubbles, bitcoin doesn't behave like one. Now of course, this is the grand experiment and we don't know precisely where it will go - but my confidence is with bitcoin enduring. The article was written to counter some of the fantastic claims from the run-up to $20 and beyond. A good number of forum participants thought it meant the destruction of bitcoin to come down from those heights. I wanted to prove them wrong, and I believe I have.
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fortitudinem multis - catenum regit omnia
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cypherdoc
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September 03, 2011, 05:21:11 PM |
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i agree. 2 mo of a ramp does not a bubble make. while the falloff has been dramatic, it appears to be stabilizing around this 8-10 range. i keep accumulating on the way down. just give it time. they can't stop it.
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The_Duke
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Lead Core BitKitty Developer
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September 04, 2011, 07:00:02 AM |
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i agree. 2 mo of a ramp does not a bubble make. while the falloff has been dramatic, it appears to be stabilizing around this 8-10 range. i keep accumulating on the way down. just give it time. they can't stop it.
Lol. Yeah, first it stabilized around 18, then around 15, then around 13, then around 10 and now you say it stabilizes around 8. Which will only last a week or two maybe. But that is good news, because then it will stabilize again at 5, and you can "accumulate" more! And again at 3, at 2, at 1, at 0.5, at 0.01... Keep accumulating! People like you give the early adopters more time to cash out at as much profit as they can ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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NOT a member of the so called ''Bitcoin Foundation''. Choose Independence!
Donate to the BitKitty Foundation instead! -> 1Fd4yLneGmxRHnPi6WCMC2hAMzaWvDePF9 <-
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caston
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September 04, 2011, 07:05:16 AM |
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It's moving back to parity. Get your lines of credit ready gentlemen.
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bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
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Bitcoin_Silver_Supply
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September 04, 2011, 07:36:56 AM |
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Ray Kurzweil has some nice insights into measuring innovation and growth from a technology perspective.
Yeah how do we get HIM to check out this Bitcoin thing?! Hopefully he'd see how it will bring about the singularity faster, be making all commerce more efficient. Rumor is he takes like a billion vitamins a day so he has a chance of living until the singularity, but he'd be better served by advocating true free market money. http://www.singularitysummit.com/Oh goody! More elites gathered to tell us how humanity "wants" to augment irreversibly with machines and how it is a natural step in evolution. I'm glad they can remind us of how much we all desire their 'futurist' vision - the one that has been beaten into our heads via the culture industry for the last century+.
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netrin
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September 05, 2011, 05:21:08 PM Last edit: September 05, 2011, 06:42:01 PM by netrin |
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"Not a bubble now" or "wasn't a bubble in June"? Because Nasdaq 1997 to present looks suspiciously like bitcoin late May to present. Nasdaq may endure just as bitcoin may endure.
Fair enough, I'm not in the same league as chodpaba when it comes to making models for forecasts. All I really wanted to prove was based on prior bubbles, bitcoin doesn't behave like one. ...any longer. Bitcoin went parabolic in May and overshot in June. Unlike Nasdaq (though a bit like Gold), bitcoin has done this several times in the past score months, most notably October, November 2010. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fnoheader%3D1%26height%3D300%26width%3D720%26m%3DmtgoxUSD%26i%3DDaily%26c%3D1%26s%3D2010-10-10%26e%3D2011-02-10%26l%3D1%26t%3DW&t=665&c=kqxnOj2mtngapQ) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fnoheader%3D1%26height%3D150%26width%3D720%26m%3DmtgoxUSD%26i%3DDaily%26c%3D1%26s%3D2011-03-01%26e%3D2012-05-01%26l%3D1%26t%3DW&t=665&c=yyFyt0hbRdvEhQ)
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TraderTimm (OP)
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September 06, 2011, 07:49:11 PM |
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Netrin, Exactly - there are long plateaus before we have spikes. Wouldn't be surprised if we just flatten out for a while before the next event, whatever it may be.
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fortitudinem multis - catenum regit omnia
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netrin
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September 06, 2011, 10:58:18 PM Last edit: September 07, 2011, 09:42:46 PM by netrin |
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What I find fascinating about comparing this bubble/plateau cycle with October and March, is that the May-June bubble was three times longer in duration and I expect that the plateau will be three times longer as well. The trade volumes were 100 times greater. It's also worth noting that the April-July parabolic rise was almost ten times greater than Oct-November, which makes the comparison quite easy to eyeball and estimate. A drop to $3 is not impossible, though if my time-scaled voodoo is predictive, then I also expect a parabolic beyond $100 by Easter.
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TraderTimm (OP)
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June 17, 2012, 01:10:19 AM |
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Interesting how things work out, eh? I'm ready to take some medicine as well - I thought it would stabilize around the 5.00 area, but instead it declined to the low above 2.00 around late November 2011. Things improved off the lows from late Nov. '11 through Jan. '12, finally plateauing at 4.50 - 5.00, where I thought it would end up in the first place. We've also had a modest rise thanks to other events in the world, most notably the ongoing erosion of the Eurodollar. This sunday June 17th, 2012 should be very interesting, as Greece will be on the threshold of either staying in the Euro or not. In conclusion, bitcoin is *NOT* a bubble. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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fortitudinem multis - catenum regit omnia
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cypherdoc
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June 17, 2012, 01:13:04 AM |
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Interesting how things work out, eh? I'm ready to take some medicine as well - I thought it would stabilize around the 5.00 area, but instead it declined to the low above 2.00 around late November 2011. Things improved off the lows from late Nov. '11 through Jan. '12, finally plateauing at 4.50 - 5.00, where I thought it would end up in the first place. We've also had a modest rise thanks to other events in the world, most notably the ongoing erosion of the Eurodollar. This sunday June 17th, 2012 should be very interesting, as Greece will be on the threshold of either staying in the Euro or not. In conclusion, bitcoin is *NOT* a bubble. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) i'll be d*mned! looks who's back! welcome TraderTimm. we missed you. glad to see you didn't give up entirely. Ponzi's don't bounce and this latest rise is healthy and sustainable.
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TraderTimm (OP)
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June 17, 2012, 01:41:15 AM |
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i'll be d*mned! looks who's back! welcome TraderTimm. we missed you. glad to see you didn't give up entirely.
Ponzi's don't bounce and this latest rise is healthy and sustainable.
I've been busy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Good to see ya, cypherdoc. I feel the current monetary problems around the world will be a catalyst for bitcoin.
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fortitudinem multis - catenum regit omnia
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