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Hi Gordon,<br>
<br>
Interesting that you have such a different POV.<br>
<br>
So then given your best guess, what would you say is the most
likely value of Bitcion one year from now. More or less than the
predicted 100% increase? I figure we should be in very much
agreement on this, even if we do disagree on the "Moore's law"ness
of such predictions? Why is it that everyone misses and ignores
the important things people agree on, yet focus on much less
important disagreements?<br>
<br>
I also have troubles understanding how you can say that "currency
and commodity markets don't work that way".<br>
<br>
It seems to me, the value of Gold is exactly the result of two
"moores laws" playing against each other. Number one, the
deemand, which is increasing exponentually, paralelling the growth
of humanity and the economy. And second, the growth of Gold
supply has been more or less growing exponentially, for all
history, especially when the price gets high like it has been.
There is an old popular adage that an ounce of Gold has always
been equal to the value of a good Man's suit. The only reason
this has been true, for centuries, is because of these two mores
law like behaviors have been so closely matched. You'll probably
point out that an ounce of Gold can, today, pay for many men's
suits. And I"ll just fire back that the price is way ahead of
itself, and precisely why it is dramatically crashing in value,
and will continue, likely tell it get's back to the price of a
man's suit. And of course, now, Gold has a Big competitor, so my
prediction is that it could even drop further, because of this.<br>
<br>
I will agree with you that fiat currency, controlled by any
central resurve, does not behave according to any Moore's law,
precisely because the central authority intervenes to keep a
fairly constant inflation. But I don't see how you can think that
Bitcion, and it's restricted supply nature, isn't any different
than any such fiat currency!?<br>
<br>
It seems to me, you're just focusing on the short term 'commodity'
prices and such. I completely agree with you that there is no
"moore's law" with any of that. But I don't care about any of
that, and nobody can predict any of that. What I like to get a
hold of, are the long term exponential trends and laws that will
always, in the long run, drastically overwhelm all such temporary
roller coaster noise.<br>
<br>
Brent<br>
<br>
<br>
On 6/23/2013 11:04 PM, Gordon wrote:<br>
</div>
<blockquote
cite="mid:1372050277.1634.YahooMailNeo@web121204.mail.ne1.yahoo.com"
type="cite">
<div style="color:#000; background-color:#fff; font-family:times
new roman, new york, times, serif;font-size:12pt">
<div><span style="font-family: Arial; font-size: 13px;">Brent
Allsop <a class="moz-txt-link-rfc2396E" href="mailto:brent.allsop@canonizer.com"><brent.allsop@canonizer.com></a> wrote:</span><br>
</div>
<div style="color: rgb(0, 0, 0); font-size:
16.363636016845703px; font-family: 'times new roman', 'new
york', times, serif; background-color: transparent;
font-style: normal;"><span style="font-size: 12pt;"><br>
</span></div>
<div style="color: rgb(0, 0, 0); font-size:
16.363636016845703px; font-family: 'times new roman', 'new
york', times, serif; background-color: transparent;
font-style: normal;"><span style="font-size: 12pt;">> The
new version of the "Canonized Law of the Crypto Coin" camp </span><br>
</div>
<div style="font-family: 'times new roman', 'new york', times,
serif; font-size: 12pt;">
<div style="font-family: 'times new roman', 'new york', times,
serif; font-size: 12pt;">
<div class="y_msg_container">> predicting future values
of Bitcion just went live. <br>
<br>
> <a moz-do-not-send="true"
href="http://canonizer.com/topic.asp/154/2"
target="_blank">http://canonizer.com/topic.asp/154/2</a><br>
<br>
>It's predicting a continued Moore's Law like 100% /
year growth...<br>
<br>
I have difficulty believing there is anything like a
Moore's Law for Bitcoin. Currency and commodity markets
don't work that way, and I don't see why Bitcoin should be
different. <br>
<br>
Gordon</div>
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</blockquote>
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