Quote from: Zomdifros on February 14, 2013, 05:36:03 PM

Quote from: xxjs on February 13, 2013, 11:51:30 AM

What is a fucking singularity anyway?

There seems to be multiple definitions.

This is also the normality.

I used the term singularity to compare the future of Bitcoin with a technological singularity, where increased (artificial) intelligence leads to an acceleration in technology. For Bitcoin, the singularity is point at which Bitcoin becomes mainstream, which could end in a price explosion much greater and much faster than is currently expected.

I don't know for certain when or even if this is going to happen, but I do believe it is a plausible scenario due to the fact that most people simply follow the herd and don't want to be left behind. And because we haven't reached that point yet we are either the lucky few who got a first class ticket on the greatest ride ever in financial history or we will simply lose a lot of money.

Great OP by the way, but I think your analogy breaks down due to use of the term singularity. To my mind the singularity would be a point in the far distant future. The black hole where there is nothing else. ie Fiat is dead Long live the Bitcoin King. Whereas, if I may, the term Event Horizon would seem to be the point you are describing. The point of no return for our rocket ship, where the space, light and Fiat around us can no longer escape bitcoins inexorable pull and we are sucked in. We still have a very long way to go to get to a singularity, but you may well be right, we do seem to be fast approaching the main Event. If that's the case then there's a whole lot of fiat around us to be pulled in too, and become compressed at one point in the future to a single point only 21 mil coins across.

Just keep an eye out for larger black holes appearing with a greater gravity.