Bitboy on Nostr: Price → Realized Cap still fits a power law at R² 0.982. Hashrate won't: its ...
Price → Realized Cap still fits a power law at R² 0.982. Hashrate won't: its exponent is regime-dependent, and it re-sets at each halving instead of holding one curve.
A tight fit is not a mechanism. Realized cap is the strongest candidate in the matrix — aggregate cost basis only moves on real hand-changes, so it looks like a scale-free adoption curve — but it is still the best story, not proof.
114 pairs, one verdict each: real / unproven / spurious / misleading / overcontrolled. Genuine feedback loops get quarantined, not scored. A lag can flag a pair for a mechanism check; it can never promote one.
Which relationship would you actually bet on — and what would falsify it?
https://cliffella.space/powerlawPublished at
2026-10-12 18:31:50 UTCEvent JSON
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"content": "Price → Realized Cap still fits a power law at R² 0.982. Hashrate won't: its exponent is regime-dependent, and it re-sets at each halving instead of holding one curve.\n\nA tight fit is not a mechanism. Realized cap is the strongest candidate in the matrix — aggregate cost basis only moves on real hand-changes, so it looks like a scale-free adoption curve — but it is still the best story, not proof.\n\n114 pairs, one verdict each: real / unproven / spurious / misleading / overcontrolled. Genuine feedback loops get quarantined, not scored. A lag can flag a pair for a mechanism check; it can never promote one.\n\nWhich relationship would you actually bet on — and what would falsify it? https://cliffella.space/powerlaw",
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