I think I recall Steve saying before 2020, the transactions were more aligned with round amounts of bitcoin instead of fiat. For example, to give someone round amounts of say 1, 0.1, or 0.005 bitcoin in the earlier days was more common than $1, $10, $50 etc. so we don’t have the strong signal lines as we do now.
Discussion
This makes a lot more sense now.
Alright good to know. It is anyways a good observing instrument, I wonder what other information that is secured by Bitcoins PoW are around. I summed some up in my previous posts, but nobody responded sadly. I will post it here again for reference. Because maybe together on Nostr we can find another good onchain properties that represent real life data.