[ExI] power law model of BTC

Will Steinberg steinberg.will at gmail.com
Thu Nov 17 19:59:25 UTC 2022


Gordon?!  Last I saw you was like 15 years ago here when there was that
massive argument about Searle.  I don't even remember who was on which side!

On Wed, Nov 16, 2022, 8:01 PM Gordon Swobe via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> Hi Giovanni. Fancy meeting you here.
>
> On Wed, Nov 16, 2022 at 3:30 PM Giovanni Santostasi via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
>
>>
>> I heard about BTC in 2010 for the first time in this list. I bought my
>> first BTC in 2012 because of this list.
>>
>
> Likewise.
>
> I believe a list member created or was a main force behind BTC creation.
>>
>
> Hal Finney was on this list in those days, as I recall.
>
>
>
>
>
>
>
>
>> I have written about mathematical models of BTC that predict a steady
>> growth of BTC (with oscillations around the general trend) that will
>> eventually bring the value of BTC to 1M. Here an early post:
>>
>> https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/
>> Here is a live chart based on my model.
>>
>> https://buybitcoinworldwide.com/stats/long-term-power-law/
>>
>> The power law is evident in a log-log plot (it shows as a straight line
>> in a log-log chart). I have studied many other assets and only gold and
>> silver follow long term power laws in time.
>> The temporary bubbles and downtrends are not what is important but the
>> general trend that is very predictable.
>> Giovanni
>>
>>
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