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porcupine87
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January 10, 2014, 02:04:15 PM |
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So you could buy 10kg sugar 12 months ago and today 600kg. So I can simple use TA and draw a line. So 2045 you can buy 3*10^54 kg of sugar.
So technical analysis rocks. I always thought it is crap but I sure it is right!
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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thezerg
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Activity: 1246
Merit: 1010
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January 10, 2014, 02:12:32 PM |
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Maui  |
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dg2010
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January 10, 2014, 03:06:34 PM |
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By 2045 sugar substitutes will replace real suguar and so the cost of sugar will plummet.
I would say you will be able to buy 500k Kilos of sugar by 2045.
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piramida
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Borsche
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January 10, 2014, 04:08:08 PM |
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0 (zero). SHA-256 will be cracked much sooner than 2045.
I thought you couldn't crack SHA-256 even if you had all the energy of the Sun? No, you can't count to 2^256 even if you had all the energy of the Sun. Cracking is usually done by finding and exploiting weaknesses; like for example, if you find a way to quickly determine two prime numbers k and p such that k * p = <a given large number>, you would be able to break all of the modern cryptography  |
i am satoshi
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Mellnik
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January 10, 2014, 04:37:25 PM |
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Why do you think that in over 30 years everything works like it does today?
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GigaCoin
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Giga
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January 11, 2014, 03:59:49 PM |
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sugar will be used to power cybernetic androids in 2045, so price of sugar might be much higher than today.
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Qoheleth
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Spurn wild goose chases. Seek that which endures.
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January 13, 2014, 06:36:07 PM |
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0 (zero). SHA-256 will be cracked much sooner than 2045.
Then, I assume, you expect that Bitcoin's users will not be able (for whatever reason) to switch to another proof-of-work hash function when SHA-256 begins to show significant signs of weakness? |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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doge_speculator
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January 13, 2014, 09:44:27 PM |
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This would be a really good question to ask applicants at a consulting interview  . Sugar seems to have basically followed inflation in dollar terms looking at the sugar #11 futures price and not doing anything but some rule of 70 mental math and averaging. It has been fairly volatile. There is politics involved in sugar and sugar producers are subsidized through trade measures and very powerful in US state politics. As such the price is probably inflated somewhat by this. Going forward the demand for sugar is also hard to project. World population will probably grow faster than sugar production capacity. Sugar demand is declining in developed nations due to health efforts but seems like it might become more of a part of the developing economies that prosper and that are being invaded by Coca Cola. All that is before trying to make any future projection about the price of bitcoin (much less the state of network communications) in 2045 |
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ubcjosh
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January 14, 2014, 04:36:15 AM |
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Over 9000 kg of sugar.
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notme
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January 14, 2014, 06:06:52 AM |
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21,000,000 kg of sugar per btc
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tom1
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January 14, 2014, 03:39:46 PM |
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21,000,000 kg of sugar per btc
[WTB] 21,000,000 kg sugar |
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