drgo on Nostr: I agree with everything above except exponential. US M2 money supply is exponentially ...
I agree with everything above except exponential. US M2 money supply is exponentially growing…but its rate of growth is way way slower than bitcoin power law model. Power law for bitcoin is far steeper price vs. Time than expansion of M2.
In 50+ years, power law predicts bitcoin price growth rate will be roughly the same as M2…whereas S2F would imply bitcoin price would be increasing faster than ever. Time will surely tell here. All we have to do is wait to find out. But I guarantee you that if you live long enough, you’ll see the end of every exponential process in progress today.
In 50+ years, power law predicts bitcoin price growth rate will be roughly the same as M2…whereas S2F would imply bitcoin price would be increasing faster than ever. Time will surely tell here. All we have to do is wait to find out. But I guarantee you that if you live long enough, you’ll see the end of every exponential process in progress today.