The winner of the Miss Hong Kong 2015 pageant has appeared on the territory’s hottest TV channel explaining the ‘Bitcoin Time Traveler’ concept.
Explaining The ‘Bitcoin Time-Traveler’ Principle
The idea stems from a Reddit submit made in 2013, by a person named Luke Magnotta. In it, he claimed to be a time traveler from the 12 months 2025 and gave an in depth description of how Bitcoin had created a political dystopia.
A part of the submit detailed the rise in bitcoin worth up till 2013, and the way it might proceed to rise sooner or later. Basically it said that the approximate tenfold will increase annually would decelerate to happen each two years. So the sequence of $0.1 – 2010, $1 – 2011, $10 – 2012, $100 – 2013, would proceed as follows:
$1000 in 2015, $10,000 in 2017, $100,000 in 2019, and $1 million in 2021.
However That’s Simply One other Loopy Conspiracy Principle
Effectively, that’s what most imagine, and that was definitely the theme of (at the very least) that phase of the present. Of of the opposite panelists defined the Avril Lavigne conspiracy concept; that she didn’t simply sell-out her skate-punk roots, however as an alternative died in 2003, and was changed by a extra pop-friendly double.
[youtube https://www.youtube.com/watch?v=HR3cdSbToBs?start=109&feature=oembed&w=500&h=375]
Nevertheless it has not too long ago gained media consideration once more, with sure teams suggesting that the prediction is coming true.
I imply, it demonstrably isn’t true, as bitcoin worth crossed the $100 mark and hit $1000 in 2013, only a few months after the submit was made. However bear with me…
In very normal phrases, should you squint your eyes a bit, and simply look at it momentarily.
Ignoring apparent bubbles, bitcoin securely handed the $1000 hurdle on 2nd January 2016. That’s very virtually 2015. And bitcoin definitely crossed the $10,000 mark in 2017… if we contemplate 2018 to be an over-correction and $10okay to be an inherent worth.
So, $100okay Worth Goal For 2019?
Critics of the ‘Bitcoin Time Traveler’ concept level out that, if a time traveler had precise information, would he not give precise costs quite than a tough schematic of positive aspects.
Which is a good sufficient level.
Nonetheless, potential self-cannibalist, John McAfee, sees it as some type of vilification. In a current tweet, he drew consideration to the story, noting that 2021 is simply in the future away from his predicted $1 million bitcoin date of 31st December 2020.
I am not the one madman in crypto apparently. $1 mil prediction by 2021 by the person who has by no means been unsuitable in his predictions.. 2021 us simply in the future away from my prediction of $1 mil by 12/31/2020.https://t.co/9dafiU4P9R
— John McAfee (@officialmcafee) Could 28, 2019
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Thoughts you, in 2021 the greenback apparently isn’t used any extra, so possibly it’s a moot level?
So, may Luke Magnotta be an actual time-traveler? Is he actually right here to save lots of us from a future they intend to nuke (as the unique submit goes on to say)?
Or is that this just a few early FUD, probably created by a forward-looking central financial institution already working scared?
I assume we simply wait and see.
What do you concentrate on the Bitcoin time traveler concept? Add your ideas under!
Pictures by way of Shutterstock
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