S2F, Gold & the Big Reset with Plan₿ & Willem Middelkoop - WBD385

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 13 August 2021

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Remotely
Date: Friday 6th August
Company: Independent & Commodity Discovery Fund
Role: Bitcoin Quant Analyst & Chairman

In early 2019, PlanB released his now widely regarded Stock-to-Flow model (S2F). This model was built around the four-year halving cycle and is a way to track the scarcity of an asset.

At current levels of issuance, Bitcoin has a stock-to-flow of 50, meaning it would take 50 years for miners to mine enough Bitcoin to match the current Bitcoin supply. When applied to non-digital assets such as gold and silver, stock-to-flow becomes a benchmarking tool. Gold, for example, has a stock to flow number of ~58, slightly higher than Bitcoin.

While the Stock-to-Flow model is an incredibly popular tool amongst bitcoiners, it is not without its critics, and with Bitcoin’s drop from ~$64k to ~$29k, the model is coming under increasing scrutiny.

So, is the model broken, or is Bitcoin still heading for $100k+ this year?

In this interview, I talk to Bitcoin Quant Analyst & creator of the popular Stock-to-Flow model, Plan₿ and investor, entrepreneur & publicist Willem Middelkoop. We discuss S2F, gold vs Bitcoin and whether we are heading to a big reset.

Transcript

Click on a timestamp to play from that location

0:00.0	Because it is the best money and it's so superior to fear money. It's so
0:05.0	superior to fear money. It's so fucking dangerous to Central Bankers and
0:12.0	their elite and everybody in the system because this house of
0:16.3	cards is on the verge of collapse and then you have Bitcoin which could eat it all.
0:24.0	Hello there from Bedford in the United Kingdom, how are you all doing?
0:28.0	Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only place I'm using for buying Bitcoin. I'm your
0:33.7	host Peter McCormack and first up today it is Revolute. Now as many of you know
0:38.1	Loyes TSP my bank of 25 years closed down all my recently, they clearly don't like Bitcoin. But Revolute got in touch and they're like, Pete, come on, come over to us. Move your shit to us. So I did. I set up my account with Revolute. It took me what me a couple of hours and everything was transferred across.
0:55.6	You know what, most importantly, they love Bitcoin and they do want to make it easier for you to transfer
0:59.9	to exchanges.
1:01.4	And now Revolu are offering $20 or £20 for all new customers
1:05.6	that complete three card transactions. It only takes a few minutes to set up and
1:10.4	you could create a card and add it to Apple pay immediately and get that cash in your pocket.
1:15.0	But I wouldn't do that. I would convert that shit straight to Bitcoin.
1:18.0	Now this is a new relationship and I'm working hard with the Revolute team to help them build a bank which is
1:23.0	Bitcoin friendly. There is a lot to navigate but we are working hard at this.
1:26.9	If you do want to find out more please head over to Revolute.com
1:30.7	forward slash W B D that is R. v oel u t dot com forward slash W bd
1:37.5	next up we have block fire who are pleased to announce that they have launched their
1:40.6	block fire rewards of visa signature card for people in the US who own
1:45.1	or are interested in owning Bitcoin or stacking more Sats. The Block Five rewards credit card
1:50.2	provides the easiest way to earn more Bitcoin because you get 1.5% back in
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.