Did you notice bitcoin price models are always for BTCUSD? All models will fail because BTCUSD is measured in fiat which is controlled by small group of humans with their own incentives.
A one time devaluation for example would break the models.
We don’t see power law fitted to BTCX where X is a weaker currency like Lebanese pound.
The rate to trust is BTCBTC = 1.
nico / Nico 🚨💀🚨
npub1w4…9quku
2024-08-24 21:01:26
Author Public Key
npub1w4yfhvlemcl6q3j3n9kvvcgtqreye28mkw6zwpgz7fn64sj3ph0sw9qukuPublished at
2024-08-24 21:01:26Event JSON
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"pubkey": "75489bb3f9de3fa04651996cc6610b00f24ca8fbb3b4270502f267aac2510ddf",
"created_at": 1724533286,
"kind": 1,
"tags": [],
"content": "Did you notice bitcoin price models are always for BTCUSD? All models will fail because BTCUSD is measured in fiat which is controlled by small group of humans with their own incentives. \n\nA one time devaluation for example would break the models. \n\nWe don’t see power law fitted to BTCX where X is a weaker currency like Lebanese pound. \n\nThe rate to trust is BTCBTC = 1.",
"sig": "b8a950cd5266693b684dde32863d78c020392043dcf71a6e1401c3b5dc0f04dbe6ea256a235935501320d605edf38f2df4470ece9608a03d16eb10ad6a498734"
}