@paulbettner That’s the whole point. See how much energy you put into it, even in this very response. I imagine how much better your life and work could be if you didn’t, that’s all. Said my bit again, years since the last. Now I’ll move on.
@paulbettner I see so much negativity on your feed Paul. I warned you years ago after observing your mindset on twitter that wildcard would fail indirectly because of it and you haven’t changed.
I think the power law does accurate describe a range of future prices for Bitcoin.
But the power law projection breaks down when the underlying dynamics of the system fundamentally change.
The price projection here is not exponential, and exponential price growth is needed to maintain just TODAY's security budget of bitcoin (aka miner revenue)
If the power law projection holds true, it directly means miners will earn less and less revenue over time as the value of bitcoin grows over time.
The value of Bitcoin can not grow IF the security to protect it does not grow.
There is only one thing that exists that solves this economic problem and its currently being supported by the largest Bitcoin miners today which include @AntPoolofficial, @luxor, @ViaBTC, @SpiderPool_com, @f2pool
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 maintains Bitcoin's fundamentals without changing the protocol. This 2nd subsidy allows for Bitcoin to follow a non-exponential price curve while also increasing the security budget of Bitcoin (aka miners make more revenue).
This is why I believe power law will accurately predict the future price of bitcoin within 2 standard deviations (95% accuracy)
@tap_protocol@TracNetwork I’m excited for the end of the back to back to back announcements of announcements of announcements … tap tap tapping my foot over here haha
none of my rich rich friends from crypto made money from day trading and jumping from one play to another.
big money is made by positioning in a coin with size and waiting for the attention to come to that particular coin.
it takes some time but it pays off a lot.
A LOT.