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Hi Gordon,<br>
<br>
It's great to have this kind of information, and have a better
understanding of people that think like this.<br>
<br>
James indicated it would take 40 or so years of consistent growth
like we've now seen for approaching 5 years, before he would join
the there is a "Law of the Crypto Coin" camp.<br>
<br>
Also, obviously, if you claim any kind of investment is guaranteed
of returns in a 'law' like way, most people are going to run away
as fast as they can.<br>
<br>
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, and that in 40 years,
James and everyone will have long since converted to the there is
a "Law of the Crypto Coin" expert consensus camp, right?<br>
<br>
I'm just in that camp now, and our prediction is that you guys
will soon get there. Obviously, this is a falsifiable prediction,
so I guess we'll have to see. I hear you and james saying there
can be nobody in such a camp, nor making such predictions, that
Bitcoin is very different than most other investments to date?<br>
<br>
I'd still like to know when you, James, and everyone think we will
most likely achieve a $1000/BTC valuation.<br>
<br>
Brent Allsop<br>
<br>
<br>
On 8/6/2013 11:33 PM, Gordon wrote:<br>
</div>
<blockquote
cite="mid:1375853588.45761.YahooMailNeo@web121204.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>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="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">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="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">"I think you should buy some
Bitcoin here, Bob."</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">"Really, Gordon? Why?"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">"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="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">"What the hell is the Law of
Bitcoin?"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">"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="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">"Very funny, Gordon. What is
this, some kind of April Fool's joke?"</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;">:)</div>
<div style="color: rgb(0, 0, 0); font-size: 16px; font-family:
'times new roman', 'new york', times, serif; background-color:
transparent; font-style: normal;"><br>
Gordon</div>
</div>
</blockquote>
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