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This hysteria about the Gold power law being “broken” actually helps clarify things even further about what the power law is really about.
Do you realize what it really implies? Bitcoin is essentially laughing at gold’s attempt to catch up. A 3× move may look impressive in isolation, but it is trivial compared to a system that has grown by a factor of 100,000,000 over 17 years.
That contrast is the whole point—it highlights what a truly scale-invariant system looks like.
Now think in log scale. The apparent “deviation” becomes almost negligible. It’s well within statistical error.
Focus on the magnitude, not the noise. Yeah—tell that to @PeterSchiff, if he has the brain to understand it.
Think log scale, do you see how small the deviation is?
Within error.
Yeah tell that to @PeterSift if he has the brain to understand this.