Quote from: niothor on May 24, 2013, 11:47:29 AM

Quote from: solex on May 24, 2013, 11:31:08 AM

Quote from: bobdude17 on May 24, 2013, 11:20:08 AM

Quote from: solex on May 24, 2013, 11:10:44 AM

Quote from: bobdude17 on May 24, 2013, 11:06:55 AM

I don't understand people and their linear charts. That's not how Bitcoin works. As the more people adopt, the speed increases exponentially as well as the number of adopters. Bitcoin is a virus, its mechanics are based on it. Nobody's chart ever accounts for viral spread.

That's why the chart above uses the logarithm of the fx rate, therefore you can plot a linear trendline but it is actually exponential! This is capturing the "viral" super-growth rate.

I see. Well I guess we just disagree on what viral means in terms of Bitcoin, I think this will be happening much faster than that. $1000 next September is laughably low.

That chart is using 3 years of MtGox prices. So it is 100% in terms of Bitcoin. You are forgetting what a run it has had already from a few cents. Even that trendline has to flatten off soon or one bitcoin will buy this entire planet in just 12 years from now. Got to be realistic about limits to growth!

There are about 100 billion planets in the MilkyWay so I don't see the problem

))

...and don't forget the billions of galaxies in the universe
Grin