0th halving is my favourite halving, when the genesis block was mined and the issuance started at 50 BTC. Also because I like 0 as an index haha!
Ok I've done some thinking and this has to be it. My model for Bitcoin fair value in dollars is an exponential times an exponential times a logistic function.
Dollars are printed exponentially. Worldwide wealth grows exponentially. Bitcoin approaches worldwide wealth logistically. Boom. Simple. That looks a lot like a power law early on, but these are the underlying things actually driving the long term price movements. It's not really a power law in the long run.
After hyperbitcoinization, real purchasing power goes up with global productivity and so is exponential. The dollar value of BTC will probably be a faster exponential because of the issuance of dollars, even if the Fed is able to slow its issuance to a very low inflation rate in order to remain relevant. Right now the price is that fast exponential scaled by a logistic growth factor which is nowhere near 1.0 yet. Lost coins might be an exponential also.
Math people can plug in the numbers to fit the empirical data thus far for various fits and projected hyperbitcoinization (logistic factor=1) dates. I have no clue what the constants would be for the logistic function but I have a general intuitive sense for how it might play out in the coming decades.
#PowerLaw #Bitcoin #PricePrediction
Omg that's awesome!
It is a completely uncensored social media. You're gonna find the entire gamut of takes, including and especially minority views, some based views, some eh ew statist nonsense, and some absolutely abhorrent views. Try to just mute, block, or ignore people who are clearly abhorrent, and seek out people who are pretty consistently based.
#dog #dogstr
Very one-sided. They're even more midwitted than America.
nostr:note1x46g52mxala206c4y4sj5kwc8642lzmunw7gem9amcxdpvayxdhqnjcue5What matters is the Bitcoin increase per share. Not the raw number of total Bitcoin acquisition. 80% of the hashrate is stupid, unnecessary for growth of a stock. The thing that limits it is the overhead, the energy costs, and the competition. Those probably get in the way of bitcoin miners, especially subject to current mining conditions and price appreciation/adoption conditions which feed into the fee environment.
No miner needs to own as much as MSTR to compete with them on growth, but it WILL need to engage in something approximating the MSTR strategy of leveraging bitcoin-backed debt to increase or maintain its capital and to increase its treasury, while avoiding shareholder dilution in bitcoin terms. This is because the ease of creating credit in this market that has high demand for Bitcoin backed money market instruments but low supply, suppliers of bitcoin backed debt instruments that can service their debt through operations are going to outperform mining, just based on how much people value a safer place for their monetary value. Bitcoin mining is extremely competitive. Bitcoin finance is just getting started.
Oh yeah lol true! No one will freak out because they're too busy freaking out over the freak circus. Red herrings really are useful for princes in a gullible populace, huh?
Creativity, curiosity, and optimism lead to a greater understanding of and alignment with truth. Those who lack that remain in servitude to falsehood, the condition of evil.
Madison pitched every component as a counterbalance to other components in the system under perpetual tension. He used democracy as a counter to oligarchy and oligarchy as a counter to democracy. It wasn't the most perfect governance, which would be anarchic, but it was a slowed down governance that would see usurpations frequently stopped in their tracks, and occasionally corrected, despite the inevitable degeneration of government.
It never fulfilled that purpose to start with. I believe the Madisonian government was designed specifically to shoot itself in the foot every time one part of it tried anything, at least somewhat. It was designed to fuck up so badly that it could barely succeed at hurting people. That is its true purpose, not to serve people, but to degenerate more slowly than most other governments.
Are you seeing this too?
https://video.nostr.build/c3c0be6a9fd1a7ff5208be5984c9fe84c083999c4c7a2ffbd2b1a897d2f56b07.mp4
Wow that's some serious fuckery. I hope Trump wins to piss them off. This is way too far.
This is so horrible. It's like the U.S. tax regime on steroids. I am glad we at least don't have a general wealth tax yet.
For once something I agree with the FBI on. Violence is bad yo. They're ones to talk, but still.
What's this about coincidences? I don't get it. Might this weapon test have something to do with the whole new law that says the military can use lethal force against American citizens on the mainland?
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#nostr 💜 https://video.nostr.build/ac5c2676ed30fe1bc8fff10e4d566d51360d3749b1e3fb0a9d0eb069e8bd0714.mp4
Pretty much haha!
Yeah he is a genuinely compassionate person. He just has a lot of silly statist ideas and a serious lack of understanding of macroeconomics. He will, when he is shown, as he has been, that Ross is wrongfully imprisoned, free the man.
It does look promising, but I don't trust the political machine to not completely demolish every semblance of a good thing that could come out of this. One can hope. But one must prepare for the worst.