Quote from: JorgeStolfi on April 18, 2014, 12:23:00 AM

Quote from: aminorex on April 17, 2014, 10:36:05 PM

Quote from: JayJuanGee on April 17, 2014, 10:24:32 PM

floating around at $500 is NOT so exciting

Here's the fundamental basis for the rising value of bitcoin: Active wallets Value follows roughly as the square of this figure. It doesn't move fast enough to be exciting. What does happen, though, is that price deviates from its fundamentals relatively rapidly. That's when you adjust your long-term core position, according as price is a fraction or a multiple of value. It's not daytrading, but as a slow and stately strategy it is very lucrative.

But there does not seem to be a positive correlation between that number and the price, since December:
https://blockchain.info/charts/n-unique-addresses?timespan=180days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0

In fact, from Dec/01 to Feb/28, the correlation seems to be strongly negative - when one increases, the other decreases.

By the way, why would that number N(T) decrease? Does it exclude addresses that are were used before time T but are empty at time T?

Fuck..... You know Aminorex was talking about long term, and then you, Jorge, are talking about from December 2013 to February 2014... You could even selectively pick any time between December 2013 and present and find various anomalies.

This is a repeated SPIN theme with you to selectively pick from December 2013 (the top of the price) in order to supposedly illustrate some higher point. That is hardly academic, random or objective... YOUR working with the "facts", in fact, ridiculous and misleading for you to attempt to make your point(s) about the supposed downfall of bitcoin by selectively choosing your comparison reference points.