Hugo Nguyen
hugohanoi
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
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0/ Proof-of-Work versus Proof-of-StakeVia time analysis (plus stock-and-flow, but not the S2F you're thinking of).https://medium.com/@hugonguyen/work-is-timeless-stake-is-not-554c4450ce18 1/ More on Proof-of-StakeThis one via worst-case analysis.
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Why S2F has been misapplied in Bitcoin, in mathematical terms:By using S2F and by restricting ‘flow’ to merely rewards, you are saying Bitcoin supply is an integral function (of changes
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