Adventures and fascinations of Matt Pāz
Here is an 84 page letter from Deutsche Bank Research predicting the decade to come. Of interest to my readers are two sections in particular, The end of fiat money? (pg 10) and Cryptocurrencies: the 21st century cash (pg 58).
… Read moreThe end of fiat money?
One more post on the stock-to-flow model since I think it’s a big deal, and then I’ll leave it alone until we have more data after the next block reward halving.
Here we have a pair of articles by Marcel Burger, another quant, that reviews PlanB’s stock-to-flow model, as featured two posts ago.… Read more
Piggybacking on yesterday’s post, here is a follow up by another anonymous quant, Nick. The title of the article is a little misleading, but makes sense given his method for scientific discover, Falsifiability:
… Read moreAccording to the great modern scientific philosopher Karl Popper, testing a hypothesis for an incorrect outcome is the only reliable way to add weight to the argument that it is correct¹.
I realized I have never posted about the seminal Stock-to-Flow modeling done by PlanB earlier this year. This is content that is simply MUST READ for anyone interested in Bitcoin.
In this paper, PlanB quantifies Bitcoin’s scarcity using stock-to-flow, and then uses stock-to-flow to model bitcoin’s value.… Read more
After a big down week for the bitcoin price, it’s good to filter out the short term price action and review where we are in the grand scheme of things. One tool I like for this purpose is the Mayer Multiple, which is simply the current bitcoin price divided by the 200-day moving average.… Read more