Oddbean new post about | logout
 and yeah, the reason for the deceleration is described in the 4th segment of that chart... it's because bitcoiners have been investing in rolling out the infrastructure to enable the adoption to take place, we are in the late half of that part of the cycle for sure... and not only that, it looks like the 4 year cycle may even be the exact match for the adoption phases in this case, partly because of the 10x each time