The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.
Of course, even if bitcoin is designed to pump forever, even the stock to flow model will taper off along the way.
We have already witnessed a tapering off of each exponential wave in terms of the percentage increase at each 4-year fractal.
So, yeah, as the BTC market becomes more saturated, it won't be able to even come close to pumping as much in terms of percentage as it did in the previous 4 year fractal, but we are still at less than 1% of world adoption.. AmiNOTrite?.... so there seems to be room for a few more BTC exponential pumpenings.. in the coming years.. especially looking at the next few years and even meaningful 12-years ish or more. No?
Why so pessimistic, cAPSLOCK? Especially in the near term? And who gives any shits if BTC is not sufficiently pumpening in 50 years because the BTC market is potentially becoming more saturated?
Do you really care about stock to flow model being broken (or less accurate) in 50 years or whatever? Who fucking cares?
Many of us will either be dead by then or too busy banging hookers, whipping donuts in Lambos and snorting blow to even notice, right?
You took my quote out of context. But I am always trying to find holes in my current hypothesis. My point is those are the very best I can do, and they are weak.
It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.
So weak. I just can't make any of those stick...