Re:Bitcoin Breaks $60k
by fasteddie31003 on Saturday March 13, 2021 @11:10AM
(#26447473)
Bitcoin's supply will be logarithmic where as gold will increase linearly. In the long run that makes a big difference. I'd take linear or logarithm supply over the exponential USD supply that we are currently seeing https://fred.stlouisfed.org/series/M1SL
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Re:Bitcoin Breaks $60k
by SpicyLemonZest on Saturday March 13, 2021 @11:12AM
(#26447495)
As is noted under the graph, this big spike comes from a redefinition of the underlying metric, not an organic increase.
Re:Bitcoin Breaks $60k
by fasteddie31003 on Saturday March 13, 2021 @11:19AM
(#26447538)
Just read that. This redefinition is so dumb. This metric is now worthless for statistic models.
Re:Bitcoin Breaks $60k
by SpicyLemonZest on Saturday March 13, 2021 @11:21AM
(#26447553)
Can't argue with you there.