Quote from: aminorex on March 31, 2014, 03:32:42 PM

Allow me to an express a view on the factual points you raised, creekbore:

Quote from: creekbore on March 31, 2014, 02:12:34 PM

I'm talking about the fact that the news, satire programs, newspapers, magazines etc ridicule BTC.

All press is good press. Just wait until the next wave of pedophiles and terrorists.

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I talk to people about BTC and they think I'm a crank.

Always true of the vanguard. It means there's a lot of upside.

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The IRS statement,

Good news. Institutional money would not touch it until there was tax clarity.

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China's slow strangulation of BTC,

Admittedly painful, but to be expected, and not in any way fatal.

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Gox,

That's over.

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the FUD surrounding NeoBee

NeoBee is rather minor. Cyprus? Noise.

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The bid/sum ratio is dreadful, you can't dispute the numbers

Bids 50% out from the book can't be taken seriously.

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You bring up adoption metrics but I actually raised this issue -- most of the data available through blockchain suggest adoption is going very poorly. But instead lets focus on a single set of data (increased BTC addresses) ...but I use a new address for withdrawals and deposits everytime I do a BTC tx. I suspect many do the same, so this data is meaningless. No-one comments on this.

You are mistaken regarding which number I deem significant. New addresses is not significant. The number of active addresses during a rolling window is the best representation available for the size of the commerce network. The only other number which reflects this vigor is the value transferred, again, during a rolling window.

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Instead I get a page of n^p x p>x means everything is OK.

It is what it is. Whether it is OK or not is very subjective. You might enjoy a benzodiazepine. Not too much now. It will make you feel things are a bit more OK.

Price can do many things, but it can't deviate from fundamental value for too long, or there is arbitrage.

Thanks for getting back Am. Bit peeved Risto can't be arsed given he claims I have 'an agenda'....bloody senior management Wink

Re. PR....that's a kind of old fashioned belief (any publicity is good publicity) I think audiences are more sophisicated in some respects, more receptive to brainwashing in others. The message from the MSM is pretty simple - if you go near BTC you will lose money. We can speculate about media ownership, editorial freedom etc but lets not fool ourselves into thinking the Gox publicity is good for BTC.

Re. "there's always an upside" ...loving it but come on.

RE. IRS...as always you are bullish. But Anony and others seem to disagree with you on this (I'm not American and haven't got a clue about your kafaesque tax system but most comments I see tend to be negative).

Cyprus...noise? Yeah, I guess Europe is nothing...its where you guys fight wars. It's only the worlds first bricks and mortar BTC bank....fuck it, irrelevant.

Bid/sum....well sure....when the numbers don't agree with my world view...ignore them...I tell my bank manager the same about my mortgage.

Re. addresses...well this is good...if I am mistaken, great but thus far it makes little sense to me (eg how do you know if an address is active from the data we were discussing and define a rolling window). If I make a new address to send a few satoshis to exchange one and then forward them to a new address, multiplied a few times multiplied by thusands of old time users how does this equate to 'increased adoption.'

I could accept this if all the other charts backed this up....but they don't (eg number of tx has remained pretty much constant over the last 12 months). Infact, the only chart that shows any sort of positive increase is...surprise, surprise, the one we should embrace.

It does seem that data is being cherry picked to fit an opinion rather than an opinion being formed from data.

I dislike benzos but thanks for the offer...you seem to think something is 'wrong' with me for not accepting your opinion hook, line and sinker. I'm neither bullish nor bearish, simply curious about those of either party who take an extreme stance.