More likely: once we switched to a bitcoin standard, the first time we will have a sound money standard, combined with the digital/computer/AI revolution;

That is going to be a step function change in human flourishing.

Shit is going to come off the fucking rails, and absolutely the best way.

So grateful to be able to witness the transition.

And to be able to say “I told you so” afterwards, lol.

All of your models are broken.

Dollar is too volatile. Better to price bitty in gold. Picture is more or less the same tho.

The future is uncertain, so all models and opinions are just an educated guess.

this model is curve fitted. the current price is path dependent thus deterministic, in the same way your whole life led you to this point in time and nothing can change that. the future however is BOTH random AND incomputable; thus even IF it wasnt random you wouldnt be able to model it. But you can always model the history and find a curve that fits.

🤝

Models are porn for midwits

I think the phase transition will be like a flip in global understanding. Seems to me that the way this generally happens is that a handful of free minds start to manifest a new concept, grown out of a real world development or discovery, and most people go from thinking the concept is insane, to thinking they believed it all along without even realizing what happened. Overnight the whole planet will understand the truth about inflation and true scarcity.

Price prediction is a shitcoin 🤣

Not seeing the moon on the Y axis. Model is wrong.

Slowly then suddenly

My view is that mining cost follows the price, and price also follows the mining cost. They have a sort of equilibrium, dancing around each other over time.

If Bitcoin truly does go parabolic, it'll be because the hash wars have started and Bitcoin are extremely valuable strategically.

If the price alone goes parabolic it's unsustainable and will crash, if both the price and the cost to mind goes parabolic then it's hyperbitcoinization.