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">https://twitter.com/BitcoinTi...
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">https://twitter.com/BitcoinTi...
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& #39;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">https://twitter.com/btconomet...
Really? Much math, much science. 4/ https://twitter.com/btconometrics/status/1249465085992427520">https://twitter.com/btconomet...
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/
