In this version with 2 extra soundbites from me – which I could not do in the interview because of the erratic interview and unfair format – my rational arguments against the predictive power of Power Law for #Bitcoin – with my very basic and limited understanding of the math of Power Laws.
This is the full un-edited “debate” with Giovanni – the creator, founder and promoter of the idea of Bitcoin’s predictability based on a “Power Law” which has gained steam and popularity and applause from a lot of naive 20 year olds and opportunistic #Bitcoin content creators.
I have always been against this prediction “model”.
Debate was totally unfair, 2vs1 attempt at discrediting the idea that HODLing is better than trading in and out of your #Bitcoin – however, we got the mission accomplished.
Thank you for hosting Fred.
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Power law is bullshit!! DONT SELL YOUR BITCOIN!!
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Giovani is an educated fool
😆 The only thing you can predict with the power law is how angry Giovanni will be in the next years
A civil war within Bitcoin? A war of Bitcoiners? The important thing is to own it and after that I don't care.
You guys overcomplicate the trade. Buy BTC and hold it for as long as 2 conditions remain true. 1) The supply of money available to buy BTC increases faster than the supply of BTC generated and 2) the BTC mining companies generate the revenue they need to sustain themselves. As long as those conditions are true you buy and hold. When they become false then that’s when I’d consider selling. That’s all there is to that trade
You work for 40yrs to have $1M in your retirement, Meanwhile some people are putting just $75k in BIT COIN for just few days and now they are multi millionaires .
It was not a debate but a mutual ignorance. Sorry. I respect all participants and do my own conclusions. You know who won? Bitcoin!
What is a Power Law
A power law is a mathematical relationship where a change in one quantity results in a proportional change in another quantity, independent of their initial sizes. This relationship is often expressed
as $$ y = ax^k $$, where $$ a $$ and $$ k $$ are constants. Power laws are characterized by scale invariance,
meaning that scaling the input by a constant factor results in a proportional scaling of the output[1][2][4]. They are observed in various phenomena, including income distribution, earthquake magnitudes, and word frequencies in languages[
No more than it can predict your growing waist line
You won the debate british
Gio is a moron in debates.
This is dumb 😂.
When Italians are passionate about something they're REALLY passionate.
Giovanni and his people have created a subscription indicator on Trading View "predicting" BTC's tops and bottoms in order to trade your BTC. He's trying to make money from gullible people, him saying that his power law isn't supposed to be used for trading is a complete lie, he's trying to get people trading using his model.