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Hi Gordon,<br>
<br>
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.<br>
<br>
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.<br>
<br>
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?<br>
<br>
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.<br>
<br>
Upwards,<br>
<br>
Brent Allsop<br>
<br>
<br>
<br>
<br>
<br>
On 7/21/2013 3:05 PM, Gordon wrote:<br>
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<blockquote
cite="mid:1374440733.98497.YahooMailNeo@web121203.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;">>>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?<<</span></div>
<div style="color: rgb(0, 0, 0); font-size: 12pt; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><span
style="background-color: transparent; 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="background-color:
transparent; font-size: 12pt;">I'm saying...</span></div>
<div style="color: rgb(0, 0, 0); font-size: 12pt; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><span
style="background-color: transparent; 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="background-color:
transparent; font-size: 12pt;">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.</span></div>
<div style="color: rgb(0, 0, 0); font-size: 12pt; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><span
style="background-color: transparent; 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="background-color:
transparent; font-size: 12pt;">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.</span></div>
<div style="color: rgb(0, 0, 0); font-size: 12pt; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><span
style="background-color: transparent; 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="background-color:
transparent; font-size: 12pt;">>>What is your best
educated guess about when we will first reach a $1000/BTC
valuation?<<</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="background-color:
transparent; font-size: 12pt;"><span
style="background-color: transparent; font-size: 12pt;"><br>
</span></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="background-color:
transparent; font-size: 12pt;"><span
style="background-color: transparent; font-size: 12pt;">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. </span></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="background-color:
transparent; font-size: 12pt;"><span
style="background-color: transparent; font-size: 12pt;"><br>
</span></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="background-color:
transparent; font-size: 12pt;"><span
style="background-color: transparent; font-size: 12pt;">Gordon</span></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="background-color:
transparent; font-size: 12pt;"><span
style="background-color: transparent; font-size: 12pt;"><br>
</span></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="background-color:
transparent; font-size: 12pt;"><span
style="background-color: transparent; font-size: 12pt;"><br>
</span></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;"><br>
</div>
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