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The "What is Money?" Show

The Bitcoin Power Law with Giovanni Santostasi (WiM509)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 30 August 2024

⏱️ 143 minutes

🧾️ Download transcript

Summary

Giovanni Santostasi joins me to discuss the “Bitcoin Power Law Theory”, chaos theory and nonlinear systems, modeling Bitcoin adoption, hyperinflation of the dollar, power laws in nature, the beauty of the difficulty adjustment, and the risks/rewards of trading using Bitcoin’s power law. Giovanni Santostasi is a physicist, neuroscientist, financial analyst, CEO/Director of Research at Quantonomy, and creator of the “Bitcoin Power Law Theory.”

Transcript

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0:00.0

These are the best performing stocks in human history.

0:02.0

Yeah, NVIDIA, Amazon, Google, you know, Microsoft.

0:06.0

Yeah.

0:07.0

I don't think there is anywhere in the world where something went up 100 million times in 15 years.

0:13.0

You know, it's crazy.

0:14.0

There's nothing even in the same order of magnitude as like those.

0:17.0

No, it's unbelievable.

0:19.0

When I saw that video, I had this intuition that Bitcoin was like that.

0:25.0

It was like a living organism.

0:27.0

And I found my first power law.

0:29.1

The common thread between organisms, organizations, cities, and now Bitcoin, the internet,

0:35.6

these things are all network architectures.

0:38.0

Our intuition tells us that there is something different about Bitcoin.

0:41.8

It's not like a normal asset.

0:43.8

So physicists really get excited when we find this universal pattern

0:48.0

because this is what really physics is all about.

0:51.1

This is begging the question, right?

0:52.8

When do we hit a million dollars?

0:55.5

To answer your question, when we are going to eat to a million dollars, it turns out to be...

1:05.0

Have you ever wanted to start a business in the Bitcoin space? If so, then the Wolf startup accelerator could be for you.

1:13.0

Wolf is the first startup accelerator dedicated exclusively to businesses developing in the Bitcoin

1:18.5

Lightning Network. Four times each year, Wolf brings teams from around the world to New York City

...

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