

The entire spreadsheet of data and analysis is published here and is updated daily.

I am pretty confident we are the new wealthy elite, gentlemen

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/



After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.



The world just isn't going to be the same and we have been blessed as the pioneers.



What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.The world just isn't going to be the same and we have been blessed as the pioneers.What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

No financial planner would have my goals. If they did, they would be institutionalized. Also, I can't afford to hire anyone smarter than me, and I won't hire anyone dumber than me.





(editor: Hal Finney's prescient reply to Satoshi Nakamoto's announcement back in 2009 - the very beginning . . .)

http://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html



Quote from: Hal Finney As an amusing thought experiment, imagine that Bitcoin is successful and

becomes the dominant payment system in use throughout the world. Then the

total value of the currency should be equal to the total value of all

the wealth in the world. Current estimates of total worldwide household

wealth that I have found range from $100 trillion to $300 trillion. With

20 million coins, that gives each coin a value of about $10 million.



So the possibility of generating coins today with a few cents of compute

time may be quite a good bet, with a payoff of something like 100 million

to 1! Even if the odds of Bitcoin succeeding to this degree are slim,

are they really 100 million to one against? Something to think about...

(editor: Hal Finney's prescient reply to Satoshi Nakamoto's announcement back in 2009 - the very beginning . . .)

If the projection is correct my miniature Bitcoin holding will no longer be so miniature. LOL.



I assure you, nothing resists corruption.



There is already ample evidence of corruption in Bitcoin, both in the early days and now.



(editor: SWIFT is the 2000+ employee firm managing existing bank transfers in 212 countries)



Re: 'SWIFT' -- could adopt Bitcoin and campaign with 'All the money in the world handled by all the nodes in the world'.





In 1982 there were only 12 billionaires. In 2000 there were about 300. And now 1,500. So in 2025 maybe 10,000+ billionaires.

Leadership from Bitcoin, innovation from the Altcoins. I wonder what consolidation among coins will look like? I hope enthusiasts discover methods of gracefully merging those deserving more than abandonment. Nothing sadder than pulling up a QT wallet and finding no peers.







You can manipulate charts/lines almost anyway you want to make a point. I'm not saying you specifically are doing this, but you are certainly "reaching" a bit.

I still think you're kinda nuts, but it's fun to keep dreaming with you during this fun ride, up, down, up, down...You can manipulate charts/lines almost anyway you want to make a point. I'm not saying you specifically are doing this, but you are certainly "reaching" a bit.

TA practitioners and sages eventually all suffer from Apophenia. They can't even help themselves at some point, they will chart a cockroach running up a wall to look for patterns.



Technical analysis is always trumped by fundamentals over the long run.



Start with an anti-fragile base and build on top of it. Just like Microsoft has chosen to stop supporting WindowsXP on April 8th, Bitcoin developers can dump the old code and build from the ground up with the goal of lasting more than 27 years.



Bitcoin works at the core so enforcers can concentrate on the edges.



I believe the more the law understands bitcoin the more they will work to support it. Bitcoin benefits everyone but the sharks.



A logistic model of bitcoin adoption by speculators predicts thatHere is the widely used general model . , ,In this multi-year thread I will update and monitor a particular model that assumes a million dollar maximum bitcoin price. I chose a high price because plausible arguments can be made that bitcoin will eventually replace fiat currency worldwide.I use the MtGox price series through 2011 and Bitstamp prices thereafter as the input data. The logistic trendline passes through the earliest recorded bitcoin price, and is subsequently hand-fit to the remainder of the price series in November, 2013.at the maximum bitcoin price. Periodic review will determine when the rapid exponential growth of bitcoin stops. Note that this model ignores the fact that when bitcoin is fully adopted by the underlying economy, it will continue to grow in price at least in proportion to economic growth.The below chart is plotted with a log price axis . . .Here is the same logistic model using a linear price axis . . .Log10 delta from the trend . . .Whatever price one selects for the maximum, the slope of the exponential portion of the log-S-Curve is the same - as I discovered when I performed sensitivity analysis on the model. Accordingly, the rate of growth that we have so far witnessed will continue at the same breathtaking acceleration until it inevitably begins to rapidly taper off.Your modeler - Stephen Reed, and to the author of this classic forum post from June 2011, at a time when bitcoin was priced at $13 - having risen 260x from $0.05 only a year before. ...Here are the thread music video themes . . ."The sky's the limit, and I'm in it to win it"."Its having someone to share the dream, I'm so glad you share yours with me"Here is the thread destination image . . .To The Moon !!!Stephen Reed's Relevant posts . . .Notable conversations started by others . . .Memorable quotes by others . . .