Kevin's Bacon on Nostr: Not sure, but it is bullshit. The guy who made it has 0 theoretical basis for it and ...
Not sure, but it is bullshit. The guy who made it has 0 theoretical basis for it and is just guessing.
I know for certain that by the time Bitcoin becomes the de facto medium of exchange for the world, it will have stopped growing as a power law with respect to stable baskets of wealth or stable currencies like the dollar, because that kind of wealth will grow generally exponentially, barring various possible catastrophes, and Bitcoin's average value in that unit will depend essentially on its total addressable market.
How long before that happens that it breaks the power law trend, I don't know.
I know for certain that by the time Bitcoin becomes the de facto medium of exchange for the world, it will have stopped growing as a power law with respect to stable baskets of wealth or stable currencies like the dollar, because that kind of wealth will grow generally exponentially, barring various possible catastrophes, and Bitcoin's average value in that unit will depend essentially on its total addressable market.
How long before that happens that it breaks the power law trend, I don't know.