/biz/ - Business & Finance

Where are we at on this chart? is there any chance we're still at the innovator stage? if you scale it up and really believe we can hit upwards of a thousand dollars and beyond then we might still be the 2.5% innovator stage

btc is the single most decentralized asset on the planet. no single entity has yet managed to bend it to its own will. most other shitcoins, including eth, are magnitudes more vulnerable to 51% attack and this is the sole reason that bitcoin still has its dominance and everything is denominated by it, despite being slow and unusable as a currency.

beside that, it is easy to transact across the globe (easier than gold and $), it is durable (more than $), it is secure and cant be counterfeited (more than gold and $), it is scarce with predictable supply and thus deflationary (much more than $ and more than gold) and finally, it is programmable. it takes power from large corporations and nations and distributes it to everyone, no borders, no limits. internet did this for knowledge. crypto is doing it for finance.

the bad news is that the biggest gains (1000x) were made when innovators and early adopters entered the game. the good news is that we are the early majority and there are still some gains to to be made (10-100x), when late majority and laggards will enter the game. this is the point of crypto singularity when the market cap and volume become so big that the asset becomes stable (+- 25-50% per few years). $5-10T market cap.

mark my words

btc is the single most decentralized asset on the planet. no single entity has yet managed to bend it to its own will. most other shitcoins, including eth, are magnitudes more vulnerable to 51% attack and this is the sole reason that bitcoin still has its dominance and everything is denominated by it, despite being slow and unusable as a currency.

beside that, it is easy to transact across the globe (easier than gold and $), it is durable (more than $), it is secure and cant be counterfeited (more than gold and $), it is scarce with predictable supply and thus deflationary (much more than $ and more than gold) and finally, it is programmable. it takes power from large corporations and nations and distributes it to everyone, no borders, no limits. internet did this for knowledge. crypto is doing it for finance.

the bad news is that the biggest gains (1000x) were made when innovators and early adopters entered the game. the good news is that we are the early majority and there are still some gains to to be made (10-100x), when late majority and laggards will enter the game. this is the point of crypto singularity when the market cap and volume become so big that the asset becomes stable (+- 25-50% per few years). probably at about $5-10T market cap.

metcalfes law holds even with a 1mb adoption limit

meanwhile unlimited scaling is pic related where we are somewhere between zero and 5 billion people using bitcoin

if you buy what scales you will be more wealthy than you can imagine

>>12130863
both power and exponential models have very high r2 when you look at the full data set
you can't choose a power model over an exponential by comparing r2.
the reason the price is exponential is because supply is limited and adoption (demand) is exponential as described by the diffusion of innovation s curve pic related. Bitcoin is money not a telecommunication network
btc cannot hold the exponential trend as its adoption has been limited to 1mb per 10min.
creating off chain demand with lbtc and lightning reduces security by increasing demand without respective on chain security incentive, increasing the incentive to treat btc as a ponzi
additionally value is defined by gold not usd, we have not really had inflation since 2009 so the growth will go super exponential if we see the inflation we saw in the 30s, 70s and 00s. Not to mention the extra demand non inflationary currency will experience in inflationary times.

do you want to be an innovator buying at <$1000 or a Laggard buying at $1000000?

with less than $21 million bitcoins ever in existance and projected userbase of 2-3 billion human beings within 20 years, soon only the very wealthy will be able to own 1 or more BTC.