<div dir="ltr"><div><div><div><br></div>Hi Gordon,<br><br></div></div><div class="gmail_extra"><div class="gmail_quote">On Thu, Jul 11, 2013 at 6:28 PM, Gordon <span dir="ltr"><<a href="mailto:gts_2000@yahoo.com" target="_blank">gts_2000@yahoo.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div><div style="font-size:12pt;font-family:times new roman,new york,times,serif">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><div><div><div><div><br>>>As you can see in this historical graph of Bitcoin valuation
growth: <a rel="nofollow" href="http://canonizer.com/topic.asp/154/2" target="_blank">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></div></div></div></div></div></div></div></div></div></blockquote><div><br><br><br>Moore's law is simply a small and specific example
of the more general "Kurzweel's law of Accelerating Returns". Simple
exponential growth is something like rabbits reproducing in an open
system and is very predictable and explainable in simplistic ways. In an open system, the only effect is simply the number of
rabbits. While general accelerating return laws also behave
exponentially, it is for very different inexplicable reasons, and
happens within extremely complex systems and interactions of huge
numbers of otherwise unpredictable and noisy effects. All the cyclical
noise, when examined closely, look important. But when you stand back,
they all become insignificant, compared to the exponentially
accelerating growth and returns of the overall system. Complex things
like economic growth, evolutionary growth, growth in the number of transistors on a chip, and
so on are all examples of not just simple exponential growth, but
accelerating return laws which can't be simply explained.<br><br>Since
all economies grow according to the complex accelerating return laws,
any fixed currencies being used in those accelerating growing systems,
must corresponding grow according to the same complex laws of accelerating returns. Hence why the emerging expert
consensus is now predicting Bitcion valuations, must also grow
exponentially, along with these accelerating return like laws, and that all other effects on the price will simply become irrelevant noise, in the long term.<br><br> </div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div><div style="font-size:12pt;font-family:times new roman,new york,times,serif"><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><div><div><div><div><br></div>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>
</div></div></div></div></div></div></div></div></blockquote><div><br></div><div>If there is something to what you are saying, you should be able to get others to agree, and build an expert consensus camp around it. I predict you will not be able to do this, or keep up with the "Accelerating Law of Returns consensus.<br>
</div><div> </div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div><div style="font-size:12pt;font-family:times new roman,new york,times,serif">
<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><div><div><div> <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?<span><font color="#888888"><br>
</font></span></div></div></div></div></div></div></div></div></blockquote><div><br></div><div>You completely missed what I was trying to say. There are are two accelerating law of returns effecting the valuation of Gold. Like Bitcoins, it is the growing economy which has the most profound effect. But, unlike Bitcions, the supply is growing, exponentially, in an equally profound accelerating law of returns way. These to complex laws of accelerating returns, basically cancel each other out in the long term. The price fluctuations you are talking about during "All those" 20 years, again, is just commodity noise that is insignificant compared to the long term accelerating return effects canceling each other out.<br>
</div><div><br> </div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div><div style="font-size:12pt;font-family:times new roman,new york,times,serif">
<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><div><div><div><span><font color="#888888"><br></font></span></div>
</div></div><span><font color="#888888">Gordon<br></font></span></div></div></div></div></div></blockquote><div><br></div><div>Again, I ask you, what are we disagreeing about? Or are are you just making hurdling bleating useless noise in the system which is completely meaningless in the long term? When do you predict we will first see a $1000/BTC valuation? Are you predicting faster or slower growth than the emerging consensus Crypto Coin law of accelerating returns camp?<br>
<br><a href="http://canonizer.com/topic.asp/155" target="_blank">http://canonizer.com/topic.asp/155</a> <br><br></div><div>Upwards,<br><br></div><div>Brent Allsop<br><br></div><div> </div></div><br></div></div>