But what do the green lines represent? Sorry, I'm a bit clueless at finance.
The Green Lines are representing the Highs and lows of the BTC value. It HAS NOT gone outside of those lines, and the lines remain a shallow angle.
And the jagged orange line?
That's the difficulty, which will most likely drop again. (going on 3 in a row)
And the lavender one?
That is the actual price per BTC at MtGox, not to be confused with the high and low
LoL.
Also, fuck Bitcoin, let it die, or help it along. Bitcoin needs to die to give a crypto-currency that isn't designed like total shit to arrive and gain a market.
Bitcoin was a great proof-of-concept. It served it's purpose, not let it pass and the next evolution to arrive.
It isn't that Bitcoin was designed poorly. The deflation theory was bad, but the other problems, that have to do with mining were unforeseen. Satoshi didn't think that GPU's would end up being used to mine BTC, and that is where these problems are coming from.
If Satoshi didn't foresee that GPUs would be used for computing hashes (which is almost as close to their optimal use-case as one can get) even two years ago, then he is definitely the idiot-savant I described.
I prefer the con-man argument, but I digress...
Two years ago, a top of the line Video Card, wouldn't compare to CPU mining of those days. To think that a video card would be better at mathematical equations than a CPU (designed for computing) would be idiotic.
You fucking idiot...
Even the R600 chip from 2006 could out-hash a CPU from the same era.
Any proof? I will believe you, but you also forget to think that there were no ways to mine with gpu's or specifically opencl at the time. It wasn't forseen.
Look at the specification sheet.
There was no GPU hashing until someone wrote the software for it, and OpenCL is a very convenient API for doing so.
However, if the originator of a cryptographically based software is/was unaware of the implications of GPUs, even 5 years ago, then they are total and complete idiots. OpenCL or not.