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Hi Gordon,<br>
<br>
You are going to far, taking our interest in, respect and valuing
of your different point of view as more than you should. We
aren't "reconsidering the use of the word 'law'", at least you
haven't converted me or anyone else to your still lonely camp
yet. As far as I know, you are the only one that thinks this way,
and even you aren't in this camp as definitively as those willing
to stand up and do the work to support and build the "law" camp.
If there are others, besides you, especially if they have enough
commitment to their camp to do the work to 'canonize' it, that
would be more evidence that it is a worth while camp.<br>
<br>
I agree with you, that the supply of Bitcoins is a mathematical
certainty, and that the demand for Bitcoins isn't this certain.
But, in our POV, even this side is worthy of the word "law", more
so than things like "Moore's law" and such. It isn't an
absolute certainty, that water will flow downhill (like when
people build dams), but you can bet an awful lot on the fact that
it will, and when, just like you can bet on the fact that capital
will flow to where it will earn the greatest ROI.<br>
<br>
What do you think about the certainty of economic growth? Do you
think this is as reliable as something like "Moore's law" and/or
"Kurzweil's law of accelerating returns"? If you think economic
growth is deserving of the term 'law', then is it not, then, a
mathematical certainty that, if the economy grows exponentially,
then the demand for any limited currency in that economy must
accelerate, exponentially? Also remember, this prediction is
about whatever is the leading crypto currency, not just Bitcoin.<br>
<br>
Anyone else out there in Gordon's camp? Any other camp out
there,with enough supporters willing to help amplify the wisdom of
the crowd and help accelerate us toward the singularity in ways
other than just making noise?<br>
<br>
Brent Allsop<br>
<br>
<br>
On 8/5/2013 11:27 AM, Gordon wrote:<br>
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<div style="font-family: 'times new roman', 'new york', times,
serif; font-size: 12pt;"><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>
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<div style="color: rgb(0, 0, 0); background-color: transparent;
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12.800000190734863px;"><font face="Arial">></font></span><span
style="font-family: 'times new roman', 'new york', times,
serif; font-size: 12pt;">Also, many of you have expressed
your opinion about how there is no law </span><br>
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<div style="font-family: 'times new roman', 'new york', times,
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<div class="y_msg_container">>around Bitcoin Valuations,
so I'd also very much like to hear your <br>
>opinion!! If you don't like the term 'law', what
would be a better name <br>
>for the best consensus camp?<br>
<br>
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<div class="y_msg_container">Good for you for reconsidering
the use of the word "law". Aside from the law of supply
and demand, I see no law that should predict or guide the
price of bitcoin. We can (perhaps) make some reasonable
predictions about future supply, but predictions about
future demand are mostly guesswork.</div>
<div class="y_msg_container"><br>
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<div class="y_msg_container">Instead of a "law" that
predicts the price of bitcoin, consider the conventional
term "trend". We all hope the long term uptrend continues,
but it's only a trend.</div>
<div class="y_msg_container"><br>
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<div class="y_msg_container">Gordon</div>
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