Always some good content from those two(add in 3AC's Su Zhu, while we're at it).

I also expect green and gold to be quite thicker, with pink thinning out a bit more due to bitcoin being somewhat decently(but not 100% of course) correlated to the S&P500 in the past few years(if anyone disagrees, look for previous threads with this topics as I'm tired debating this topic lol). While I'm totally happy with both of these going thicker though, 2019-2021 will most definitely have thinner red unfortunately, and I definitely want to see it thickening more in the coming years due to hopefully more adoption from Lightning.

As for the inflation hedge part, while I agree that I'd like to see that on the chart, I think there's some overlap with gold and pink.

First and foremost, they've made quite a chart right there. I don't think I have encountered a chart like that before. Does it even have a name yet? Well, they somehow called it "the changing narratives chart." That's indeed cool. And even cooler is the fact that they came up with it "through an analysis of BitcoinTalk posts." This forum's still a relevant gauge in terms of views and sentiments. As opposed to Bitcoin Twitter, for example, there's obviously a lot more open-mindedness here.

Anyway, I cannot seem to find a totally new narrative other than the ones already mentioned. You made mention of inflation hedge as a new tide. Can it be that it is actually within the e-gold narrative? I mean, a lot of investors are getting into gold or diversifying into it primarily because they want to avoid various risks associated with other investments, or because sitting on a lot of cash, which is by nature depreciating, is unsound.

What I probably want to add separately is the narrative that Bitcoin is a plain investment opportunity, one which makes more money to investors than any other. I don't think it could be placed under uncorrelated financial asset basically because Bitcoin's correlation to traditional market has gone higher very recently. Obviously, as indicated by the chart below, we've gone past negative to low correlation.^[1] While the entry of institutional investors are highly lauded, I'm still very much convinced that they are here primarily for the money, that their computation and prediction of Bitcoin's future price is the main, if not only, reason why they are here. And they could easily let go of their Bitcoin as easily as they got it.



[1] https://www.etftrends.com/tactical-allocation-channel/bitcoins-correlation-to-markets-hits-a-record-in-2020/

What does this image exactly mean, in a layman's term, I don't have a clue with this one. We could say that censorship resistant e-gold has been here for a long time if we were to consider bitcoin mixers/tumblers. I do agree about the inflation hedge, since bitcoin has risen in prices these past few months.

That chart is a piece of Art!
Very different type of visual analysis and very interesting to see what thought
processes Bitcoin and the community were creating.

Interesting to see Anonymous Darknet Currency and Programmable Shared Database
fading away.

Pink, Uncorrelated Financial Asset is only making an appearance in 2014 and
makes a big move in 2017, expanding widely into 2018, i'm guessing Pink to command
quite a large space on that chart today 2021 along with an explosive entry of Inflation Hedge

How exactly are those use cases mutually exclusive? One person uses it one way, other person uses it the other way, as long as no one wants to change the rules of the protocol, there's no friction here.

If you're telling other people about Bitcoin and want them get interested, you can just list all the popular use cases, instead of worrying about which one describes Bitcoin the best. That's kinda the point of Bitcoin - no one decides what it is, everyone decides for themselves.

What if everything's moving, changing, evolving, or whatever organically? I mean, there's no intentional branding or forcing of certain narratives. It just happened along the way. Do these different narratives necessarily follow certain forms of branding, or are these narratives simply offshoots from the actual real-life use-cases which developed with Bitcoin?


Does the post of hatshepsut93 below somehow respond to your point? It is also my idea that there is really no re-inventing here. It so happened, and all naturally, that Bitcoin serves more than one purpose, more than what it was originally designed for.

Bitcoin as digital gold still seems to be a big part of the current narrative about Bitcoin. And many consider it a financial asset which can be traded, but rather than being an uncorrelated one, it indeed seems to be joining traditional assets and is also considered more seriously than ever by traditional traders. At the same time, there's been some recent progress in seeing Bitcoin as money (Tesla's going to accept Bitcoin as payment; PayPal supporting Bitcoin), but not as a cheap network for transactions. It's more like Bitcoin is getting prestigious (or supporting it is becoming a thing) or something like this.

Yes, partially.
Reserve currency is a currency that retains their real purchasing power.
Inflation hedge, is something that, whilst your base currency is losing purchasing power, allows you to properly hedge against this loss in value.
For example, while in the iper inflationary ‘70, probably T-Bills, ore even banking accounts, offered a good inflation hedge. Hence even if USD was losing purchasing power it was easy to hedge against it with basic financial knowledge.  Today it is very different, and even if the inflation erosion is slower, the ding with negative yields has become way more difficult.
This is where Bitcoin comes into play.

I sent a Tweet to Nic Carter!


https://twitter.com/fillippone1/status/1375241532475867141?s=21

We will see what happens!