Bitcoin for Millennials

Giovanni Santostasi: I know when Bitcoin reaches $1,000,000 | BFM052


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Giovanni Santostasi is an Italian Physicist and Chief Scientific Officer at Deepwave Technologies. I discovered his Reddit post “15 years of BTC Power Law” a few months ago, which was a follow-up to a post called “Bitcoin power law, over 10 years, all the way to Genesis Block.”, which he posted 5 years ago. I was instantly triggered because I had read about power laws before, and his username ‘Econophysicist1’ was even more intriguing. In the past months, his model blew up and got more attention on Bitcoin Twitter, so I thought it was time to dive into this super interesting, entertaining, and challenging subject.

→ Follow Giovanni on https://x.com/Giovann35084111

→ Giovanni’s Reddit post: reddit.com/r/bitcoin/comments/18z04kp/15_years_of_btc_power_law

→ Learn more: Why do Power Laws work so widely? https://www.youtube.com/watch?v=HYQT9_ymsVY

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→ YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠

→ Follow Bram on ⁠⁠https://x.com/bramk

Timestamps

00:00 - Introduction and Background

02:59 - Giovanni's Personal Journey with Bitcoin
11:10 - The PowerLaw Model and its Implications
25:35 - Approaching Bitcoin as a Science
29:25 - Visualizing Bitcoin's Behavior
36:09 - Bitcoin's Non-Exponential Behavior
39:11 - Introduction to the Power Law
42:03 - Explaining Straight Line and Exponential Growth
44:02 - The Magic of Bitcoin's Behavior
49:50 - Understanding the Green Band and Bubbles
01:04:09 - Bitcoin as a Fundamental Part of Education
01:11:23 - The Power Law as a Key to Understanding Bitcoin
01:16:38 - Introduction to Power Laws in Bitcoin
01:21:36 - Relationship Between Price and Adoption
01:26:50 - Equation for Bitcoin: Price = Bitcoin^2
01:33:14 - Bitcoin's Scaling Properties: Scale Invariance
01:52:57 - Bitcoin's Scaling Variance and Predictability
01:57:10 - The Long Time Preference and Holding Bitcoin
02:00:34 - Using Bitcoin's Cycles to Your Advantage
02:02:21 - Applying the Science of Bitcoin to Multiply Holdings
02:23:51 - Correlation Between Bitcoin's Price and Issuance
02:26:25 - The Slow and Methodical Growth of Bitcoin
02:28:20 - Bitcoin's Resistance to Gaming and Manipulation

...more
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Bitcoin for MillennialsBy Bram Kanstein

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