I was kidding, it was a nod to proudhon.
I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.
Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.
We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.
I'm of the opinion that the time elapsed between each bubble will be shorter and shorter, each will be more 'violent' and price will go up/down more drastically until we reach the 'climax' or real price discovery. Then after that more bubbles will come, but the price will increase less and less each time, and time will be longer.
We are far away for the 'climax', i think at least two more bubbles are needed.
Just my 2shatoshis
The truth is that bubble 1 was more violent than bubble 2, (we went up x16, from 2 to 32), so I'd expect bubble 3 to be less violent than bubble 2 and 1.
Regarding singularity, is a beautiful *theoric* concept, but its painfully clear to me that nor the protocol nor the infrastructure can scale to accomodate such a "singularity", and thus I consider it pretty much of a fairy tale.
Anyhow, I will be obviously happy if it happens
