A Purely Technical Analysis of Bitcoin From a Famed ...

interfluidity Steve Randy Waldman. A parliament without a parliamentarian. I mean to write a bit about the “DAO hack“, which provides a fascinating true-crime introduction to the fascinating (virtual) world of blockchains and cryptocurrency if you don’t already follow this stuff. But before saying what I think about that DAO-stardly DAO-eed, I think it might be useful to explain what I ... The first chart below is the original unmodified chart of total transactions on the Bitcoin blockchain:5 Using the same Y-o-Y time frame, below is the newly modified chart, using the Blockchain.info heuristic that removes these “chains” longer than 10: 6 Again, that chart above states that if bitcoin absorbed the market cap of gold, each bitcoin would be worth as much as $550,954. And what would happen if bitcoin somehow absorbed the market cap of the world money supply (and payments, remittances, gold, etc.)? It would purportedly reach as high as $4,291,060 a piece. However, under such a scenario, not only does this run into the logistical ... A Purely Technical Analysis of Bitcoin From a Famed Technical Analyst (Full Disclosure: I do not own any cryptocurrencies, nor do I encourage anyone of owning cryptocurrencies. It is illegal to do so in many countries, so do your own careful due diligence. Stay informed of the laws and regulations of your country of residence so as not to do anything illegal. What follows is for information ... Bitcoin has value outside of the equations above which could be considered a ‘transmissibility premium’ whereby I can send a bitcoin to a given address within a matter of hours. That’s faster than most money transfer mechanisms available to consumers. I think that alone creates a demand, even if people are mainly willing to pay that premium for illegal activities. I can still go to Gyft ...

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