Most dislike that people use it to predict the future with it, it clearly isn’t for that.
I approached this episode with trepidation, given the title.
Interesting. But my fears were well founded!
I just don't understand why so many bitcoiners are determined to misunderstand and misrepresent the power law.
It's an amazing model; the only one that actually works through 15 years.
No one says you have to use it for trading. Personally, I have never sold bitcoin.
https://fountain.fm/episode/Qobv9wxBknhyMm5DNEPo
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Discussion
It arouses strong emotions, for sure! Discussions soon reach an impasse!
But I do believe that Giovanni is a person of high ethical standards and ruthlessly sticks to his principles (sometimes his frustration manifests as rudeness, but I think he's gradually toning that down!)
Yeah, I think it gives people reassurance. When price has been bouncing around so long in range last 6 months, power law keeps people's spirits up. We all need abit of reassurance every once in a while.