Read on Twitter
I maybe over my head, but let me say this.
Bitcoiners who popularize S2F price model no longer evangelize Bitcoin based on its technical merits, but a lazy and irresponsible way to cause FOMO. That’s a cop-out. 1/ https://twitter.com/BitcoinTina/status/1249668065236844545
Bitcoiners who popularize S2F price model no longer evangelize Bitcoin based on its technical merits, but a lazy and irresponsible way to cause FOMO. That’s a cop-out. 1/ https://twitter.com/BitcoinTina/status/1249668065236844545
Yeah, I believe in Bitcoin and bullish on price too. But due to its sound properties, unforgeable costliness, 99.98% uptime, Schnorr/Taproot potential, not some imaginary curve fitting based on 2 pathetic data points and a generous margin of error. 2/
By supporting a narrative that price 10x every 4 years to induce FOMO, you’re closer than a shitcoiner than you think. It’s one thing to believe in it to trade for yourself (that’s cool), it’s another to actually popularize it and push it on noobs. 3/
Just read this statement & think for a min. The model worked 2 times because info was not priced in. It'll work the 3rd time because it’s also not priced in. But it won’t work the 4th time because it will be priced in?
Really? Much math, much science. 4/ https://twitter.com/btconometrics/status/1249465085992427520
Really? Much math, much science. 4/ https://twitter.com/btconometrics/status/1249465085992427520
Oh lord Satoshi why didn’t you compress “flow” further? Why make us wait 4 years not 2? Why cut half not 3/4? Why oh why you make us wait so long to become millionaires?
LOL. Do you truly think Satoshi is singlehandedly responsible for the price trajectory? 5/
LOL. Do you truly think Satoshi is singlehandedly responsible for the price trajectory? 5/
Every S2F price model believer should honestly ask themselves: when will the magical “predictive” power of S2F stop (if you truly think price will go to infinity, I can’t help you), and why? 6/
Why would S2F fail to predict price at say, 9x% of supply, and not 87%? Why in the future and not now?
The model is self-contradictory. Answer the contradiction. 7/
The model is self-contradictory. Answer the contradiction. 7/
Anyway, I think I wasted enough time on this S2F price BS. I’m more interested in Bitcoin’s fundamentals than price trajectory. Count me out of any future S2F discussions. FIN. 8/
