The BTC Scaling Law

[franky1]

what constant/formulae did you use this time

also


you only changed things from 7 years ago (mid way)
look on the right the blue line sits at 1.5 but the blue is ~1.25
meaning not a 8% error.. but at >20% error

and thats just from chart manipulation of flattening the curve.. before even adding in extra lines for mid, top bottom

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[DooMAD]

Can't say I'm overly keen on the name.  If it's a power law, just stick with power law.  The word "scaling" is far more closely associated with network usage, not price.  I feel it just creates unnecessary confusion.

Aside from that, you have my support.  Ignore renowned troll franky1.  No one takes him seriously and the forum is a much nicer place with him added to your ignore list.

[BTCdragosfera]

Can't say I'm overly keen on the name.  If it's a power law, just stick with power law.  The word "scaling" is far more closely associated with network usage, not price.  I feel it just creates unnecessary confusion.

Aside from that, you have my support.  Ignore renowned troll franky1.  No one takes him seriously and the forum is a much nicer place with him added to your ignore list.

Yeah, I understand what you say, I didn't think about that, people may confuse "scaling" with network usage even if in this case I meant the scale of price (10,100,1000) and scaling of time. But I can see how this can lead to confusion. Scaling is a term we use in physics, and I was trying to emphasize that physics terminology. There is a good book by G. West called "Scale" that is all about this topic but I understand what you are saying.
Yeah, franky1 is a troll, very annoying.

[CODE200]

The law is not clear to me exactly, but it seems to be a variation of Moore's law. Price to time, I believe in this case?

But that also means that the price will eventually flat-line, *some time* over the next couple decades. I mean it can't keep growing in price constantly, forever like this. Moore's law itself has already flat-lined (despite chip manufacturers not wanting to admit it).

That flatlining isn't totally true yet because they're pushing the chips and the transistors in the wafers to the absolute limit, I believe that they're getting closer to creating a transistor that's getting closer or about halfway close to the size of an atom so I don't believe that a plateau or a flatline in computing is ever going to happen, humans are a natural boundary pushing species so who knows what's next for us in computing power and this belief is shared with this one bitcoin scaling law too as it's definitely oddly similar to Moore's law, as time goes by, there's going to be more and more people that will either lose their bitcoins permanently through forgotten passwords, destroyed hardware wallets, voluntary bitcoin burning and other stuff and it's going to grow the same as bitcoin adoption together with the prices which means that a plateauing of the price is close to impossible.

[geniuspedro]

 I find your work on the BTC Scaling Law intriguing. Renaming it the "BTC Scaling Model" to reflect the relationship between price scales and time scales is a logical step. Your model's approach to predict Bitcoin's growth over a significant period and magnitude using a power law framework is an innovative take in the crypto analysis space.

The use of model price as the x-axis and the real price as the y-axis is an interesting method to gauge the accuracy of your predictions. It's notable that your model aligns with the general trend of Bitcoin over an extended period, considering the volatility inherent in cryptocurrency markets.

The practical application of your model in identifying overvalued or undervalued phases of Bitcoin could be valuable for investors, provided it's used cautiously and in conjunction with other analysis tools. However, it's important to remember that no predictive model is foolproof, especially in a market as unpredictable as cryptocurrencies.

Your initiative to apply scientific and mathematical principles to financial market analysis is commendable and contributes to the evolving field of cryptocurrency analytics. I'm interested to see further developments and more detailed insights in your upcoming article.