Oddbean new post about login | logout My bad ... the units are different so can't plot them on the same graph in that way ... here's the updated code:
```python
import matplotlib.pyplot as plt
import numpy as np
import pandas as pd
import requests
currency = "USD"
response = requests.get(
f"https://mempool.space/api/v1/historical-price?currency={currency}"
)
data = response.json()
df = pd.DataFrame(data["prices"])
df["time"] = pd.to_datetime(df["time"], unit="s")
fig, ax1 = plt.subplots()
ax2 = ax1.twinx()
ax1.plot(df["time"], np.log2(df[currency]), color="Black", marker="o")
ax2.plot(df["time"], np.log10(df[currency]), color="#FF9900")
ax1.set_xlabel("Date")
ax1.set_ylabel(f"Log Base 2 Historical {currency} Price", color="Black")
ax2.set_ylabel(f"Log Base 10 Historical {currency} Price", color="#FF9900")
plt.show()
```
and the corresponding figure (i.e. it's the same shape):
https://m.primal.net/Krre.png 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
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.
