Minestr on Nostr: I understand the concept of the power law, but I don't think it should price btc in ...
I understand the concept of the power law, but I don't think it should price btc in fiat, because fiat is not a natural phenomenon. It can be printed at will, so I think the price will trend higher than the power law when priced in fiat. Using gold or oil to display the power law implied price would make more sense.
Published at
2024-12-28 00:23:23Event JSON
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"content": "I understand the concept of the power law, but I don't think it should price btc in fiat, because fiat is not a natural phenomenon. It can be printed at will, so I think the price will trend higher than the power law when priced in fiat. Using gold or oil to display the power law implied price would make more sense.",
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