Hans HODL Profile picture
Dec 6, 2018 4 tweets 3 min read Read on X
Does Metcalfe's Law apply to Bitcoin? What the heck is the Lindy Effect? We explore this topic, and I present my own model.

seekingalpha.com/article/422671…

#Bitcoin #blockchain #cryptoassets #metcalfeslaw #lindyeffect

@bitesizebitcoin @leashless @nic__carter @APompliano
You might like this too: @MoneyChaingers @nsquaredcrypto
@CryptolabCap you are mentioned as well.
A visualization from the article. Unique Addresses, Daily Transactions, and Bitcoin Price in 3D.

imgur.com/a/MomrArq

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More from @hansthered

Jan 22, 2022
After reading @FriskyFoxDK's latest announcement in the DFK Discord I still believe the optimal strategy for capital allocators is to participate in the gardens, bank, and questing. Depending on stack size and liquidity I recommend gardens -> bank -> heroes in that order.
If you might need your capital right away, I would just start with the bank because there's no penalty on withdrawing whenever you want. If you don't mind being allocated for a month or more, the gardens are a great place to collect rewards.
If you're slightly more well capitalized and thinking long-term, heroes are the next logical step to juice your rewards and they actually provide a bit of a hedge against price fluctuations (jewel up, hero price in jewel down and vice verse).
Read 8 tweets
Dec 13, 2021
It's been far too long since I've published anything to Medium. I hope you guys feel like it's been worth the wait. TLDR thread below. @DefiKingdoms

medium.com/@hansthered/92…
There is a game that's relatively unknown right now called DeFi Kingdoms. I have been doing a deep-dive on this project over the last month and I have found it to be massively compelling for the following reasons.

1. It's properly positioned for the Metaverse mega-trend.
2. The total addressable market is huge, and this project is growing very quickly. I expect this to continue due to the fact that the team behind the game are executing on a very bold vision and hitting it out of the park.
3. The community is strong and growing fast
Read 7 tweets
Jul 2, 2021
This month in #Bitcoin
- China boots miners out for real this time; hash power drop spooks market as miners relocate
- @Hut8Mining buys enough equipment to double their hash rate
- Bitcoin mempool remains operational despite a 50% drop in hash power
- Puell multiple hits green levels
- Michael Saylor buys another $600mm of BTC
- Taproot activation locked in for November
- El Salvador adopts Bitcoin as national currency and announces plans to mine Bitcoin using green power from a volcano
This month in Macro Fiscal/Monetary land
- ECB hasn’t raised rates in 10 years
- Fed has “muzzled the market” - Druckenmiller
- Stonks mooning like altcoins (AMC for example, larger than half the S&P up 70x this year)
- M2 increases 22% over the trailing year setting new record
Read 13 tweets
May 13, 2021
The price of solar power has fallen by 92% in the last decade.

Source: en.wikipedia.org/wiki/Cost_of_e…
The amount of solar power being produced has increased by 22x during that same time period.

Source: seia.org/solar-industry…
The SunShot2030 project has a goal of producing solar at the utility level for $0.03/kWh, which seems to be on track.
Read 5 tweets
May 13, 2021
Ok, here we go. It's time for another mega-thread on #Bitcoin, energy consumption, and net value for society. First of all, realize that all judgements of this sort come down to values. What do you value? What's important to you? Secondly, what does the data show? 🧵👇
I can tell you what I value. I care about human rights and global inequity. Bitcoin is one of the most potent technologies we've ever seen for protecting human rights. @gladstein

bitcoinmagazine.com/culture/check-…
I care about economic development. And as @danheld has pointed out, all economic development requires electricity.

danhedl.medium.com/pow-is-efficie…
Read 13 tweets
Nov 9, 2020
The amount of #Bitcoin on exchanges has fallen dramatically this year.

Source: network-charts.coinmetrics.io
At the same time M2 is growing like a weed.

Source: fred.stlouisfed.org/series/M2
Bitcoin miners and their mining pools (1 hop and 0 hop essentially) still have a lot of supply. But as you can see, the long-term trend is downward for their stockpile.

Source: network-charts.coinmetrics.io
Read 5 tweets

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