Quote from: brg444 on August 15, 2015, 02:27:20 AM

Quote from: Adrian-x on August 15, 2015, 02:03:18 AM

Quote from: brg444 on August 15, 2015, 01:05:32 AM

Quote from: Cconvert2G36 on August 15, 2015, 12:56:35 AM

Quote from: brg444 on August 15, 2015, 12:50:10 AM

Is AAPL competing with fiat as money?

Sorry but that's such a stupid thing to say. I'm sure you can do better than this...

Let me ask you. Did the current 1B$ ecosystem investment, equivalent billion dollar mining infrastructure, incremental userbase and increasing transactions come before or after the price increase?

Of course I'm being silly and hyperbolic, but only to illustrate that market cap isn't some "build it and they will come" metric.

There is a feedback loop between price and user growth, but it can only be sustained with growing utility.

"Yikes"

You still don't get it.

Stop thinking in terms of users. Think in terms of capital. This is not Facebook.

Quote from: Cconvert2G36 on August 15, 2015, 12:56:35 AM

market cap isn't some "build it and they will come" metric.

On the contrary, when it comes to money (or networks for that matter) it seemingly works this way.

Let me borrow from the Facebook example again : create a huge network of people and they will come.

Create a huge network of money and you will attract wealth.

Look I'm not neglecting the positive added effect of these other feedback loops you are referring too. Merely downplaying their importance for the time being as some people have seemingly lost their eyes from the prize.

"When the wise man points at the moon, the fool looks at the finger."

I'm not sure where your cumming from 444, but reading your comments elsewhere you seem to be bullish on bitcoin but reading your contributions here you seem oblivious to where that value comes from.

there is a nice correlation to Metacafe Law when it comes to Bitcoins value, its the best we have.

I dont think your humble enough to learn, and you defiantly overconfident enough in your ignorance to depart any wisdom.

Is that so? I do remember Raystonn used to project the value of the network using Unique Addresses^2. Peter R had his own transactions version. That seemed like it could work back in 2014. In both cases I believe we've seen at least 100% increases while the market cap has not quite followed.

I'm curious what both charts would look right about now but I'm afraid it would invalidate both theories. The reason might be that no one knows exactly how to quantify the amount of users in the network.

there is a lot of standard deviation but I dont think it is outside of the mean, If i was to give it my humble 0.02BTC guess, i think Blockstream have done bitcoin a big favor by threatening to introduce Sidechains, it adds a lot of uncertainty to the projected success of bitcoin, that's given many investors an opportunity to buy in during this downturn and forced large holders let coins go.

I for one believe the depressed growth in price is largely influenced by the risk of bitcoin failure, and i suspect we'll see a lot of action when we get new information and certainty on Block size.