Thanks for bumping this thread up for me. I too just read it first time. Not just OP is excellent but follow ups are really great too. This is the thread of the year for me so far.
And thanks to you as well!
Great thread,
Zomdifros, and a great post.
FYI, if you're not familiar with the backstory;
Vladimir was the first person to apply the term 'singularity' to bitcoin...
Thanks, I was unaware of that.
I do think we are currently in a phase which could be described as a singularity or an event horizon. There is a lot of media attention right now, venture capitalists are already investing heavily in Bitcoin or Bitcoin-related startups and we are just a few steps away from institutional money investing in Bitcoin.
The best part of this, is that once people realize that Bitcoin is safer to have your money in than other currencies, there is less reason for them to sell any. It's not like Bitcoin is a stock which can perform badly if the earnings are disappointing. It could really only go up from here. The only thing threatening Bitcoin is having a bad reputation due to hacks, exchanges messing things up or technical difficulties, but this will correct itself over time. I'm getting more and more convinced that Bitcoin is the greatest investment in the history of capitalism.