<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt">Bitcoin has acted almost like a full-fledged currency on the international markets of late. Instead of the wild, speculative price swings of a few months back, it has traded as if inversely correlated with the DXY (The DXY is the USD verses a basket of major currencies of US trading partners). As DXY rallied over the last couple of months, BTC declined. A few days ago, in response to the FED minutes, DXY took a sharp dive while BTC enjoyed a strong rally. <br><br>Brent Allsop:<br><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"><div id="yiv8325593213"><div><div class="yiv8325593213moz-cite-prefix"><br>>>As you can see in this historical graph of Bitcoin valuation
growth: <a rel="nofollow" target="_blank" href="http://canonizer.com/topic.asp/154/2">http://canonizer.com/topic.asp/154/2</a>.
It has so far followed more of a Moore's law than almost anything
else. So how much more of this kind of Moore's Law Growth will be
required before you'll jump camps and admit that there is a
Moore's Law like growth in value of Bitcoins?<<<br><br>Moore's Law is mostly about technological progress. Bitcoin is a commodity, albeit a unique one. It is something like a hybrid between a precious metal and an ordinary currency. <br> <br>You mentioned in one of your messages that you believe there is also a Moore's Law for gold. If that is the case then how do you explain that the price of gold languished for something like 20 years commencing in about 1980? Where was the Moore's Law for gold during all those years?<br><br></div></div></div>Gordon<br></div> </div> </div> </div></body></html>