I'm fairly on the fence of this, but I have to ask: What standard are we using for BTC's enormous momentum? Its market price? The size of its goods and services economy? The amount of processing power committed?
I'm optimistic about bitcoin because of two metrics:
1. Lots of people are interested in it, all over the world.
2. There are lots of interesting, innovative projects being built around bitcoin.
It is still VERY early days, and I'll say it again: expect growing pains.
No way, Gavin! It's gone up, so it will continue to go up. Everyone's gonna be trillionaires!
I have some other interesting predictions:
This morning it was 72 degrees. It's 100 degrees only 8 hours later! In 10 days, we can expect temperatures of 840 degrees! Invest in snow cones!
In 1970, Hispanics made up 4.7% of the population in the US. In 2010, they made up 15.5%! At current rates by 2050, 51% of the population will be Hispanic, and in 2090, 170% of the US population will be Hispanic! Start learning Spanish!
Great statistics.