[ExI] Fwd: Re: [mta] Re: Bitcion Moore's Law?

[Brent Allsop]

Hi Gordon,

OK, great!  Finally something more than just destructive bleating 
infinitely repetitive negative noise.  "Cautiously optimistic" is 
something I can agree or disagree with, and I, and all participating 
experts, hapen to completely agree with.  So I propose the following to 
capture and rigorously measure this expert consensus, or lack thereof.

I propose we create and build a "Cautiously Optimistic" super camp that 
we all agree with, and which is 'exponentially' more important than the 
nitpicking stuff  we are wasting all of our infinitely repetitive time 
focusing on.  I'm sure all expert supporters of the "Law of the Crypto 
Coin" camp would agree to moving that camp into a supporting position of 
your camp.  We would likely agree that we are all probably not yet fully 
communicating how "cautiously optimistic" we are yet.

You could support that camp either directly, or you could could create a 
competing "anti 'law' of the crypto coin" sub camp, or whatever you want 
to call it, to show that in your expert opinion, it is not yet good to 
think of the future valuation of any crypto coins in any kind of Law 
like Way.  In that way, we can capture how many experts feel as you do, 
vs how many don't.  (my predictions is that your camp will remain in a 
clear minority, if any experts at all agree with you, but of course I 
could be wrong!)  Anyone else out there in either of these to "law" or 
"not" camps willing to help save the world by amplifying everyone's 
moral wisdom?

If I created a "Cautiously Optimistic" super camp, would you agree to 
helping the world out a bit by supporting it, either directly, or by 
creating a competing camp to our 'law of the crypto coin' camp?  Such 
takes far less time and effort than all the destructive, infinitely back 
and forth we've wasted so much of everyone's time on so far.

Upwards,

Brent Allsop





On 7/21/2013 3:05 PM, Gordon wrote:
> Brent Allsop <brent.allsop at canonizer.com> wrote:
>
> >>I'm still struggling with this.  All I can see is you saying I am wrong.  
> But if I am wrong, what are you saying is right?<<
>
> I'm saying...
>
> 1) Commodity markets do not operate according to anything like a 
> Moore's Law. I gave you an example of how gold languished for a couple 
> of decades due to macroeconomic factors like disinflation. There was 
> not and is not anything like a Moore's Law operating either in the 
> supply or demand for gold. Moore's Law is applicable (or at least was 
> applicable) to the economics of certain kinds of technological 
> progress, but it does not apply to commodity markets in general.
>
> 2) Bitcoin, like all precious metals and currencies, is a commodity. 
> It is like a hybrid between a precious metal and an ordinary currency, 
> both of which are commodities. It is a sort digital simulation of a 
> gold-backed currency.
>
> >>What is your best educated guess about when we will first reach a $1000/BTC valuation?<<
>
> I've been around the financial markets long enough to be careful about 
> making predictions as specific as that. Many factors are in play here, 
> e.g., the acceptance of bitcoin as a currency, the operations of 
> central banks around the world as they attempt to manage their money 
> supplies, the possibilities of major financial crises in the world, 
> and so on. I simply feel cautiously optimistic about the long term 
> future of bitcoin.
>
> Gordon
>
>
>

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