Devil’s Advocate: Dave, let’s see some real scientific analysis of bitcoin for a change.
SD: I present to you the Damped Sin Wave:
A damped sine wave is a sinusoidal function whose amplitude approaches zero as time increases.
Damped sine waves are commonly seen in science and engineering, wherever a harmonic oscillator is losing energy faster than it is being supplied.
DA: What are you saying, Dave?
SD: Bitcoin is losing energy faster than it is being supplied. Yes, there are many suckers left, but people are wising up faster than new suckers can be found.
DA: And its future is?
SD: Amplitude approaches zero as time increases. In fact it’s even worse than a damped sin wave. The damped sin wave has an axis of symmetry which is the x axis. Bitcoin is a damped sin wave, only its axis is tilted from upper right to lower left, like someone dumping a tray of refuse into the trash bin.
DA: Show me.
DA: Wow, it’s like one of those fractal things. Over all image is a damped sin wave, and every little piece is a damped sin wave.
SD: Champions of bitcoin, speak up, defend liberty and freedom and the wave [excuse the pun] of the future.
DA: They’ve lost too much energy.
SD: Those graphs just show bitcoin is dying, but do not explain why it was doomed from the get go. For that, mosey on over to https://smilingdavesblog.wordpress.com/2012/08/03/bitcoin-all-in-one-place/