Replying to Avatar BoomTown

The power law was developed to counter the obvious and impactful implications of S2F … amazing how so many bitcoiners have anchored to the obviously bearish model.

Assumes basically no network effects of adoption. It is fucking stupid.
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Cyph3rp9nk 1y ago

I suppose you understand that the s2f has been invalidated both statistically and empirically...

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BoomTown 1y ago

The FTX psyop had to bring in Larry David, Tom Brady, Steph Curry, et al (and Sequoia for the tech finance community) to break the market’s psyche

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Cyph3rp9nk 1y ago

You can sit back and wait to see what ridiculous prices the s2f is quoted and it has never been right, the model has been broken for years.

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BoomTown 1y ago

Since FTX … agreed.