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mleku | 2 months ago (raw) | root | parent | reply | flag 
 nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3zamnwvaz7tmwdaehgu3wwa5kuef0qyfhwumn8ghj7ur4wfcxcetsv9njuetn9uq3vamnwvaz7tm9v3jkutnwdaehgu3wd3skuep0qqsxzsz83jdwztcapd2qulzhspnyjvn6jxcypvrl0w3aahp40j4smfgchnfr5  you are right, it is the same

maybe a higher exponent will flatten it further but it's not hard to see it's already getting quite flat now anyway, like, there is a trend that is decelerating by about the same amount each cycle, but it gets closer and closer to a normal y=x*coeff as time goes on... with that power ratio though, so, just to remember in the linear it's gonna be ... well

somewhere between 150-300 this time, and probably 4x as much as that next time, assuming no hyperinflation, at which point the USD value means nothing anymore
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jimbocoin | 2 months ago (raw) | root | parent | reply | flag +2 
 Putting aside the math for a second, let’s talk about price.

Price is entirely psychology. The price of something is what one is willing to exchange for it.

The price of #Bitcoin is crossing an uncomfortable chasm. $60k is too large for most people to consider buying crazy internet money, but the price of a sat is too small to reason about. People are not good with decimals.

Once we hit $1M per whole coin, a sat costs $0.01. A penny stock. At that price, we’ll stop pricing in tranches of 100M sats, like a one time 1:100,000,000 stock split. Overnight, Bitcoin will go from $1M, to $0.01, keeping the BTC ticker.

At that moment, everyone’s interests are aligned—the hard money advocates and the degenerate gamblers alike. That’s when the real FOMO moon pump begins.

So I don’t expect us to flatten into a pure exponential growth curve (line in log scale) just yet. Personally, I think that happens somewhere between cent/sat and dollar/sat parity.