Bitcoin's exchange rate expressed in gold follows a power law trend almost as closely as when expressed in usd (95% vs 96% r-squared) In past bull/bear cycles bitcoin's behaviour around the power trend line is nearly identical for both measures (green circles). This relationship has noticeably decoupled in the current cycle: - the usd exchange rate has risen from long-term support trend line to the power trend line (red circles) - the gold exchange rate has remained anchored to the long-term support trend line (red circles) If gold is a more accurate measure of purchasing power, it can be argued bitcoin has not yet entered a bull-run in purchasing power terms In gold terms, the power law trend line indicates, if a purchasing power bull-run occurs, bitcoin's price may: - 2x from here to the power trend line (reversion to trend / no bull-run) - 5x from here to to 1sd-up line (conservative base case bull-run) - 10x from here to to 2sd-up line (up-side bull-run) In usd terms, that's an exchange rate of US$500,000 to US$1,000,000 per bitcoin in a bull-run this cycle This seems unlikely to say the least ... something is broken ... can someone tell me what it is? npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2 npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs npub1f4uyypghstsd8l4sxng4ptwzk6awfm3mf9ux0yallfrgkm6mj6es50r407 npub1gkkahxwca30rf2td22u9p3jnmlh79dylgmm2et0kykftle6tdcysj4zden npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89 npub153xmex42x4chdf757hp3q6zxagykkek7pdgwuwd074964dkyha9s82ryu8 npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8

npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 is right that changing the incentives is the key to the future. As Charlie Munger said: "Show me the incentive and I will show you the outcome." It is not the incentives of the common man that matter. nor the incentives of politicians, banksters, vc's or wall street The incentives that matter are those the bureaucrat class. They are most dependant on the money printer, growing sever larger & amassing ever more power They have little value to offer the world other than designing & implementing regulations, so they must steal the value of others through the money printer As npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m says, it is not free speach that really matters, it is free will As we reach peak fiat, across the Western world the bureaucrat class are racing to cement in their power by constricting free will through more & more regulations There needs to be more open discussion of how to shift the incentives of the bureaucrat class The matter has become quite urgent In the end, I think, there will be little option but for the bitcoiners to pay them off ... and if that is the only way, we should do so

its the vibe of the thing

i t's the vibe of the thing

Can anyone tell me why Fountain app is only available in the play store? Some of us can not access play store. Why no F-droid, apk, zapstore.dev?

I've come to believe the best way to drive bitcoin mass adoption is to start referring to Satoshi Nakamoto as "satnak" ... but I might be too close to this thing ...