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2026-10-12 18:31:50 UTC

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/powerlaw