Same story, different halvening: "A digital commodity which is the only kind in the world whose supply function is solely governed by time had an extreme absenc

Same story, different halvening: "A digital commodity which is the only kind in the world whose supply function is solely governed by time had an extreme absence of ask liquidity and unrelenting demand which caused prices to increase ~15X relative to the previous supply era. Here, let us compare the third layer of the existing financial system to the first layer of a decentralized one. Maybe a corporation or other top-down institution will make something more game stable than a bottom-up group of independent agents? People were willing to pay for the service miners were providing. Let's compare P.999 to P.001 of a metric" I look forward to the 2022-2023 version of this article The minimum capital flows between supply-era one and two increased 30X, between supply-era two and three (thus far) it's increased 8X. For every global dollar of speculation, about 0.1-0.3% is flowing into bitcoin. The market's expectations of returns:probability (Kelly Criterion) right now are: 99.786% on 13% YoY returns on SPY, ~7% on 15X return on bitcoin over the next halvening.