<div dir="ltr">
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt">We are obviously spending LOTS of time and effort on this
conversation.<span style> </span>Do you find it worth
while?<span style> </span>It feels to me like at best this
infinite yes / no /' yes / no, forever conversation is just a complete bleating
noise waste of time.<span style> </span>Think of all this
kind of noise being made by billions of people all over the world.<span style> </span>When for far less effort, some of this effort
could go into amplifying the moral wisdom of the world by ratcheting up and building
consensus around the leading moral theories, and filtering all the lame ideas
with no consensus, that so many people constantly bleat, out and get stuck on.</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt"><span style> </span>"Many
things could disrupt that trend."</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt">I don't by this at all.<span style>
</span>Nothing could disrupt it, certainly not anything you've said here.</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt"><span style> </span>"We
still don't know if Bitcoin will become widely accepted as a currency, for
example."</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt">There is too many people that want some kind of crypto
currency to work, for obvious rational reasons, and the number of people in
this camp is growing.<span style> </span>There are just way
too many good things about it, necessitating this growth in popularity in some
kind of crypto currency.</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt"><span style> </span>"If
you look at the sales of hula hoops in the 60s"</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt">I can't believe you think Bitcoins is anything close to Hula
Hoops.<span style> </span>They are night and day
different.<span style> </span>All things like Hula Hoops
spike and pop just once.<span style> </span>Finally,
everyone learning from their mistake - never wanting to do that again.<span style> </span>But Bitcoin had its spike 2 years ago, at around
$30.<span style> </span>Then it had its tulip bulb like
crash, most everyone, and me, wrote it off as having missed that boat.<span style> </span>But of course, 2 years later, it's spiking
again, at 10 time its previous spike value, continue the law like exponential
growth.<span style> </span>Nothing else has done that.<span style> </span>That is when I realized this was something
way more than Hula Hoops.<span style> </span>So, again, how
many of these hula hoop like spikes, each one at 10 time the previous value,
will be required before you accept that Bitcoins are way different?</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt">In my opinion, you are making many mistakes in your
thinking.<span style> </span>You should try canonizing some
of those ideas, to see how many of them are good ideas, or how many of them are
mistaken (i.e. nobody else agrees with them.)<span style>
</span>I find it really helps improve one's moral thinking abilities.<span style> </span>And it amplifies everyone's wisdom, rather
than just contributing to all the waste everyone's time noise out there.</span></p>
<p class=""><span style="font-size:12pt"> </span></p>
<p class=""><span style="font-size:12pt"> </span></p>
</div><div class="gmail_extra"><br><br><div class="gmail_quote">On Thu, Aug 8, 2013 at 1:38 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:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div><div style="font-size:12pt;font-family:times new roman,new york,times,serif"><div><span style="font-family:Arial;font-size:13px">Brent Allsop <<a href="mailto:brent.allsop@canonizer.com" target="_blank">brent.allsop@canonizer.com</a>> wrote:</span><br>
</div><div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><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><div><div><div class="im"><div>> Still, I think you must admit, that there is a theoretical
possobility, that the same bitcoin growth we've seen to date,
could continue for the foreseeable future</div><div><br></div></div><div>I certainly hope so! I have money riding on it!</div><div><br></div><div>But I would not attribute a continuation of that growth to any "law". It is merely a trend. Many things could disrupt that trend. We still don't know if Bitcoin will become widely accepted as a currency, for example. If sentiment turns against that idea, the price trend will break down and bitcoin will likely fail. Bitcoin is perhaps one the most speculative investments on the planet. </div>
<div><br></div><div>If you look at the sales of hula hoops in the 60s, you will probably see something like exponential growth. Was there a "Moore's Law of Hula Hoops" in place? If so, what happened to
it? Hardly anyone buys hula hoops anymore, so I guess that "law" was only imaginary. I'm afraid the same is true of your supposed Law of Bitcoin. It's wishful thinking, Brent.</div><span class="HOEnZb"><font color="#888888"><div>
<br></div><div>Gordon</div></font></span><div class="im"><div>
<br>
On 8/6/2013 11:33 PM, Gordon wrote:<br>
</div>
<blockquote type="cite">
<div style="font-size:12pt;font-family:'times new roman','new york',times,serif">
<div>Sorry my last two posts appeared twice. It seems Brent has
ExI listed twice on his to: line. I removed one entry this
time.</div>
<div><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">So as not to waste this
post, I might as well mention that I am having a good chuckle
thinking about how some of my old investment clients might
have reacted had I told them they should buy gold or bitcoin
or anything else because the price action was driven by some
"law".</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">"I think you should buy some
Bitcoin here, Bob."</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">"Really, Gordon? Why?"</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">"It's going up in price
according to the Law of Bitcoin! According to the Law of
Bitcoin, you should make a lot of money!"</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">"What the hell is the Law of
Bitcoin?"</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">"I read about the Law of
Bitcoin on the Internet. The price went up a lot, so there
must be a Law that it will go up a lot more."</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">"Very funny, Gordon. What is
this, some kind of April Fool's joke?"</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif">:)</div>
<div style="font-style:normal;font-size:16px;background-color:transparent;font-family:'times new roman','new york',times,serif"><br>
Gordon</div>
</div>
</blockquote>
<br>
</div></div>
</div><div class="im"><br>_______________________________________________<br>extropy-chat mailing list<br><a href="mailto:extropy-chat@lists.extropy.org" target="_blank">extropy-chat@lists.extropy.org</a><br><a href="http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat" target="_blank">http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat</a><br>
<br><br></div></div> </div> </div> </div></div></blockquote></div><br></div>