[ExI] "Crypto Coin Law" vs "Law of the Crypto Coin"?

[Brent Allsop]

Hi Gordon,

It's great to have this kind of information, and have a better 
understanding of people that think like this.

James indicated it would take 40 or so years of consistent growth like 
we've now seen for approaching 5 years, before he would join the there 
is a "Law of the Crypto Coin" camp.

Also, obviously, if you claim any kind of investment is guaranteed of 
returns in a 'law' like way, most people are going to run away as fast 
as they can.

Still, I think you must admit, that there is a theoretical possobility, 
that the same bitcoin growth we've seen to date, could continue for the 
foreseeable future, and that in 40 years, James and everyone will have 
long since converted to the there is a "Law of the Crypto Coin" expert 
consensus camp, right?

I'm just in that camp now, and our prediction is that you guys will soon 
get there.  Obviously, this is a falsifiable prediction, so I guess 
we'll have to see.  I hear you and james saying there can be nobody in 
such a camp, nor making such predictions, that Bitcoin is very different 
than most other investments to date?

I'd still like to know when you, James, and everyone think we will most 
likely achieve a $1000/BTC valuation.

Brent Allsop


On 8/6/2013 11:33 PM, Gordon wrote:
> Sorry my last two posts appeared twice. It seems Brent has ExI listed 
> twice on his to: line. I removed one entry this time.
>
> So as not to waste this post, I might as well mention that I am having 
> a good chuckle thinking about how some of my old investment clients 
> might have reacted had I told them they should buy gold or bitcoin or 
> anything else because the price action was driven by some "law".
>
> "I think you should buy some Bitcoin here, Bob."
>
> "Really, Gordon? Why?"
>
> "It's going up in price according to the Law of Bitcoin! According to 
> the Law of Bitcoin, you should make a lot of money!"
>
> "What the hell is the Law of Bitcoin?"
>
> "I read about the Law of Bitcoin on the Internet. The price went up a 
> lot, so there must be a Law that it will go up a lot more."
>
> "Very funny, Gordon. What is this, some kind of April Fool's joke?"
>
> :)
>
> Gordon

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