Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31697. (Read 26608959 times)

In an exponential, the increase in the rate of increase is proportional to the rate of increase. So yes, you do see that acceleration

Thanks.

I don't know how this idea got started, but the graph posted by justusranvier is decidedly not a sigmoid function, it appears to be an exponential function when mapped on a log chart, which would make it a super-exponential function.

They're based on Trust because Fear is the backstop.  All beasts are resource dependent and vulnerable - none of us are Gods. I'm agnostic about Ripple, but either I'm an imbecile or I just can't put together in my head how it actually works.  

this is our history, never stop believing poeple, we are free men!

Yeah, I saw that post-- I think they had the adoption scale and the sigmoid curve overlaid, and someone asked what was the bell curve doing there. Well, of course, the bell curve represents the entire population, so distributes the population across that adoption. I think it is quite the conflation to just plop them on top of each other, but I'm only talking out the back side of my body.

To me the adoption scale is the one to consider, and perhaps the body of skeptics here are trying to determine what will be the 'chasm' that Bitcoin must cross if it is to get from early bleeding to leading edge? Blockchain issues (sizing, transaction speed/max, and off-blockchain transactions) appear to be the soup-du-jour replacement for the resistance that 'yesterday' (actually Monday!) was the concern about whether in US 'the bitcoin' is legal.

Now that we have overwhelming smashed the living shit out of that hurdle, the market deflates with the tiniest whimper, and appears to quite happily absorb most of the run-up, heading towards support near 4-700 (someone technical could do better). It's actually great that the tin-foilists are saying DARPA created bitcoin and Satoshi is an evil assassin Bilderberg (ok, WHATEVER they said, idk).

tl;dr Makes me think $1500 and 3000 aren't too far off, but I wonder whether there's still a chance for juicy coins in the next 2 weeks. To Da Moon, for shizo!!

I gave 0.01BTC to a friend last night. It took less than 2 minutes for him to install a wallet on his phone, me to initiate the transaction and get 1 confirmation.

I suggest everyone who can do something similar

Typically the bottom of the S resembles an exponential function so on a log scale, it would be a straight line at the beginning, rounding to horizontal over time

Has ties to Silk Road coins, Coinbox.me and LetsDice.com .. interesting

ch00000000 ch000000000000 m0th0rf0ock0rz!!!!!!!!!11!!!!!

is right!

wowzers!

in 2012 goat was on a boat

in 2014 goat will be on a spaceship?

 

DPR's mother?

I'm scared.

man i better get busy with those faucets! hahaa  

Choo the moon!

Thanks very much for pointing me in the right direction, dasein - I'll read up on that.

The sigmoid curve is the cumulative frequency distribution and the normal distribution is the same diffusion but not measured cumulatively. This post might be helpful: https://bitcointalksearch.org/topic/m.3675891

This is exactly the sort of conversation and counterpoints I was hoping to see.  This isn't my expertise.

I think any attempt to compare Bitcoin to electricity, TV, etc must take the position that we are still very, very early in the adoption cycle.

What's interesting is the notion that there are at least two competing curves at work at once. I saw someone put an overlay of a sigmoid curve with another graph shape yesterday, but didn't see post-analysis or discussion of what that would be, or why it would be that way.  Maybe I just missed it.

And it's much harder to learn "why" from other people's mistakes - emotional distance often produces laughter or derision.  That's why I enjoy footage of people falling over

ditto +1 well put.

EDIT:  So the question becomes where are we on the innovator => laggard scale? I would think still in the innovator coming up to early adopter pdq.

People have been talking about sigmoid curves since 2010 at least. Haven't you seen this before?



The question is, what does your curve look like when adoption is following a sigmoid curve, and the value of the currency you're using as a reference is also collapsing exponentially?

Isn't the sigmoid curve an exponential at the start that falls behind with growth? Nowhere is an increase in the rate of increase to be seen in a sigmoid curve. The so called "vertical" phase is exponential-turned-linear on its way to saturation, but I might be wrong.