Quote from: xxjs on February 15, 2013, 01:15:06 AM

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.

Thanks for that explanation.

We used "Paradigm shift" in the day. I'm getting old.

Well it is a paradigm shift as well, obviously. The trouble with using terms like singularity, paradigm shift, black swan and tipping points is that I'm going to sound like the Pointy-haired Boss from Dilbert