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RE: Bitcoin Speculation: Moore's Law
I am pretty sure that you are correct in your forecasts...
however, i do not believe that the dollar is going to stay solid enough to support those numbers.
I feel the dollar is going to go all Zimbabwe on us before the next cycle completes. 90% this cycle, 99.9% next cycle.
So, my thoughts are on... leave the sinking ship with whatever you can.
Wouldn't the Fed need to print like 800 trillion dollars for a 90% devaluation to happen?
I feel they already printed it.
It is just been kept out of circulation by "market forces" (FED cough).
If any of the derivatives market moves, shuffles, defaults, or anything, that money will swamp everything.
With Well? Fargone pretending to have an ATM outage... what are they practising for? To see how fast people panic?
I feel that a loss in dollar value is soon.
But, i would prefer bitcoin to rise nice and orderly, and the floor not falling out.
Hm.
And speaking of someone with experience of server farms...
Or maybe Well-'s far Gone has all their ATMs running off of one 486 in a closet... and someone tripped over its power cord while on a smoke break...
Gotta love how vague that is.
What? What routine maintenance? wtf?
Something created smoke and that's why people can't withdraw money? And this is the only explanation given across multiple news sources? Mind blown.
"I stuck a screwdriver into the server, and it let out some magic smoke. So, i thought, neat! Lets try the next."
... that, or they're lying to us.