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Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 202. (Read 907212 times)
Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.
The internet uses servers. I wouldn't argue that servers are today a significantly more useful tool than the internet. Sure the internet requires them, but that doesn't stop the internet from being the beast of awesomeness that it is. Bitcoin is allowed to use the internet and be it's own amazing tool.
Also, most things are comparable, even if there is not a complete correlation. Bitcoin and the internet are two of the more comparable things you could choose to compare.
Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.
I could not imagine companies wanting a website other than providing info and who had an email address other than your fellow student also having a Pegasus email account at the University's computers in 1995?
That stupid feeling afterwards made me jump into Bitcoin as soon as I learned about it. But the majority will do what the group is good at: resist change, regardless of the obvious. It will take time but it is inevitable.
That stupid feeling afterwards made me jump into Bitcoin as soon as I learned about it. But the majority will do what the group is good at: resist change, regardless of the obvious. It will take time but it is inevitable.
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.
bitcoin will improve accordingly as well.
major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influence bitcoin development. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).
1) The internet is STILL under opposition... ever heard of net neutrality, just one of many campaigns against freedom of digital speech?
2) Ever heard of comcast, aol or any of the other big cable companies and their practices against other internet provider startups? talk about corruption.
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.
bitcoin will improve accordingly as well.
major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influnece bitcoin developmnet. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).
1. How young are you? The internet was heavily under the radar of the military not wanting to open it up to the world because then terrorists could use it to communicate worldwide instantly with full encryption. And MANY companies swore the internet was a passing fad and that they would NEVER have a website.
There are no terrists. The only terrist are we, the people.
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.
bitcoin will improve accordingly as well.
major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influnece bitcoin developmnet. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).
1. How young are you? The internet was heavily under the radar of the military not wanting to open it up to the world because then terrorists could use it to communicate worldwide instantly with full encryption. And MANY companies swore the internet was a passing fad and that they would NEVER have a website.
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.
bitcoin will improve accordingly as well.
major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influence bitcoin development. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
Interesting-the first Internet "video" that I saw was in 1993 on Shoemaker-Levy 9 comet striking Jupiter.
I actually thought then that Internet will be something much-much bigger....
When people say they thought the internet would be much bigger, I never hear them explain how. That makes no sense to me. Are you talking about technology or the Internet? What did you expect to be able to do with the Internet? Teleport to Mars?
Me - it changed virtually every aspect of my life.
much bigger than it was in 1993, LOL.
Me - it changed virtually every aspect of my life.
This, I can't imagine how stupid and brainwashed I would be without the internet.
Through internet I found out how the world works.
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.
I also had one of the first MP3 players on the market, back when everyone thought CD players were all the rage. It had a 16MB capacity, I could fit 3-4 songs on it and it was the size of a deck of playing cards. I compressed my music to 64k to be able to fit more songs.
Now... millions of songs accessible in real time out of thin air in studio quality, and devices as small as ipod shuffles.
bitcoin will improve accordingly as well.
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
Interesting-the first Internet "video" that I saw was in 1993 on Shoemaker-Levy 9 comet striking Jupiter.
I actually thought then that Internet will be something much-much bigger....
When people say they thought the internet would be much bigger, I never hear them explain how. That makes no sense to me. Are you talking about technology or the Internet? What did you expect to be able to do with the Internet? Teleport to Mars?
Me - it changed virtually every aspect of my life.
yeah, like the time i thought one day it would help revolutionize money itself
It revolutionized the porn industry.
yeah, like the time i thought one day it would help revolutionize money itself
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
Interesting-the first Internet "video" that I saw was in 1993 on Shoemaker-Levy 9 comet striking Jupiter.
I actually thought then that Internet will be something much-much bigger....
.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....
I thought the same when I used one of the 1st webcam's ever in 1994 (quickcam before they were bought by logitech) through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.
Yesterday I streamed Game of thrones in HD .
Things change.
@Tera
EW analysts do not see the future, they estimate counts of the past.
EW analysts do not see the future, they estimate counts of the past.
EW is the most retarded form of post-factum analysis by far.
I remember reading Prechter a decade ago with his graphs (which looks like TERAs) pointing to Dow 200-400.
Is it possible? I guess, but government would rather cause hyperinflation than allow such deflation that could cause Dow 200-400 (~=1929 levels), unless we are in WWIII and everything is gone.
@Tera
EW analysts do not see the future, they estimate counts of the past.
The contention that btc conversion could reach a relative market cap of $90 trillion or other such figure is based on the notion that such conversion representation becomes irrelevant.
In xx years, will the world and its inhabitants have at offer a quantity and quality of products and services such that the retroactive value of said goods would equate to $90 trillion as valued today? Yes, that is most likely.
Will bitcoin come to be the sole value representation? Perhaps, it is not yet clear.
What is clear, is that it indeed is carving a niche at the least. A niche that is spreading, growing, proliferating, escaping, dodging, attacking, changing...+ing.
Tera - " I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close."
It has the ingenuity and framework, to claim otherwise is absurd, only someone spending all their time assessing it as a speculative asset would make that claim. Whether it has the power...it seeks to alter the definition of required 'power' to handle and hold wealth. Guns not included or required.
EW analysts do not see the future, they estimate counts of the past.
The contention that btc conversion could reach a relative market cap of $90 trillion or other such figure is based on the notion that such conversion representation becomes irrelevant.
In xx years, will the world and its inhabitants have at offer a quantity and quality of products and services such that the retroactive value of said goods would equate to $90 trillion as valued today? Yes, that is most likely.
Will bitcoin come to be the sole value representation? Perhaps, it is not yet clear.
What is clear, is that it indeed is carving a niche at the least. A niche that is spreading, growing, proliferating, escaping, dodging, attacking, changing...+ing.
Tera - " I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close."
It has the ingenuity and framework, to claim otherwise is absurd, only someone spending all their time assessing it as a speculative asset would make that claim. Whether it has the power...it seeks to alter the definition of required 'power' to handle and hold wealth. Guns not included or required.
When I look at bitcoin's long term chart, I see an elliot wave. Wave 1 went to $32. Wave 3 went to $1100. Wave 5 may go to $20,000 (briefly before it crashes into wave a). I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.
I have similar concerns but I do think with enough vested interest the development required is possible.
The important thing is whether it is a self-sufficient, self-reinforcing loop or not.
The progress so far storngly points to the existence of such, though...
Here is how an EW analyst might see the future. (abc would be longer time but I couldn't fit on chart). I could try to rationalize the peak with something like ' all governemnts ban btc once it is big enough to pose an actual threat to fiat currency' or 'catastrophic protocol failure or unresolvable scalability issue', 'world financial meltdown / wars' or simply 'competition from something better'.
Tera, would another hypothetical peak by the end of the year (let's assume 4,000) change your EW-analysis? IMO both could happen, your chart is as possible as yet another peak by the end of the year. I'd be fine with both, because both would bring me some severe gains and even the "bearish" hypothesis of bitcoin peaking at 20,000 would bring bitcoin to the brink of mass adoption. Most capital of the "investment hodlers" would be out by then, affirming the theory that price must go down afterwards, but that will be the point, where mass adoption could make up for that.
Edit: I just saw "by the end of the year". I guess if that happened I would have to come up with a new analysis.
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