Topic: Gold collapsing. Bitcoin UP. - page 937. (Read 2032272 times)
and its companion:
reaching for new heights. that is really good news:
oh yes
listen to me. i sound like i'm having an orgasm.
Oh yes yes! I
Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.
There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation
That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives, micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.
Forget it, Adrian.
In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]
The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increase
http://en.wikipedia.org/wiki/Jevons_paradox
I'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences.
We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks.
With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron.
An economy is a collectivist organisation (state bastard), and:
"Essentially, the economy is an engine that transforms resources into waste."
http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2
2 trillion is either way too high or way to low. If bitcoin passes 1 trillion valuation then it will be worth more then any single public stock so it will likely go on to at least duplicate/replace golds value which is about 10 trillion.
The market cap is now below both "Metcalfe Value" estimates (num TXs / num addrs)--something that hasn't happened since early 2013. Note that I'm taking the 7-day moving average of each time series, so the recent drop in price hasn't been fully "averaged in" (i.e., if the price stays low, the divergence between Metcalfe value and market cap will grow).
Peter R. much appreciated for this update
Have you considered fitting onto a long term network adoption curve? Like say a sigmoid with final market cap at $2 trillion? Or similarly with a final target saturated transaction network or similar?
oh yes
listen to me. i sound like i'm having an orgasm.
oh yes
nice OKCoin bid wall there.
If gold goes lower i will trade some bitcoins for some ounces of it. 
that's the spirit.
just make sure you wear thick gloves.
If gold goes lower i will trade some bitcoins for some ounces of it.
uh oh
uh oh. moar blackhole sh*t:
note the $DXY finished just a smidge above resistance at the close. thats good for the USD. let's see if we blast off Monday morning as technically it's freely cleared this level. right now, i think the daily cycle bottom got put in on 9/16. if so, it should blast off UP, while driving everything else down:
actually, this one is much prettier where i've drawn the 2 yr chart with the 3rd breach @18.17. note how red candle just punched right thru on volume. just beautiful. no wonder ZSL simultaneously punched UP thru 2 resistance levels in the same day:
recap end of day silver.
geezuz, just look at that! icebreaker and Goat are gonna be rich! this is what happens when you complete the 3rd stage of criticality:
geezuz, just look at that! icebreaker and Goat are gonna be rich! this is what happens when you complete the 3rd stage of criticality:
so who sold under $400?
you forget that I distributed a lot of coins via donations along the way and bitcoinica hack
or maybe given all the inconsistencies one finds scattered about in your claims, it's simply a matter of false advertising?
you forget that I distributed a lot of coins via donations along the way and bitcoinica hack
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