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Justice as a Service Infrastructure







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Re: Here's how you can anticipate a coming crash/correction March 29, 2013, 10:04:38 PM #14 Quote from: frott on March 29, 2013, 08:46:43 PM Quote from: bootlace on March 29, 2013, 04:28:49 PM Quote from: Piper67 on March 29, 2013, 04:07:04 PM This should be in the Speculation/Snake Oil subforum



Data points from 8 different sources are "snake oil" now? Factors affecting Bitcoin value is related to 1) its usefulness and 2) how much demand there is - the data points aims to analyze the second factor in an objective and measurable fashion.

Data points from 8 different sources are "snake oil" now? Factors affecting Bitcoin value is related to 1) its usefulness and 2) how much demand there is - the data points aims to analyze the second factor in an objective and measurable fashion.

The snake oil comes in because the correlations are dubious.



Visits on a website are not indicators of demand, the amount of tweets neither. Interest, yes. Not at all the same thing.





The snake oil comes in because the correlations are dubious.Visits on a website are not indicators of demand, the amount of tweets neither. Interest, yes. Not at all the same thing.

I would argue that at this point in Bitcoin's life-cycle, new demand is directly correlated with interest. Perhaps 0.01% (made up number) of anyone who hears about Bitcoin decides to try it out, so an increase in the amount of people who hear about it does in fact convert to demand pretty reliably - this is the premise by which online advertisement works as well (conversion rates etc).



Snake oil has connotations of trying to trick someone or being fraudulent, it is rather upsetting to be labeled as such when I spent time and effort trying to provide some value to the community. If I was trying to trick people I would have not advised people to hold, because I'm personally looking to buy. I would argue that at this point in Bitcoin's life-cycle, new demand is directly correlated with interest. Perhaps 0.01% (made up number) of anyone who hears about Bitcoin decides to try it out, so an increase in the amount of people who hear about it does in fact convert to demand pretty reliably - this is the premise by which online advertisement works as well (conversion rates etc).Snake oil has connotations of trying to trick someone or being fraudulent, it is rather upsetting to be labeled as such when I spent time and effort trying to provide some value to the community. If I was trying to trick people I would have not advised people to hold, because I'm personally looking to buy.