Speaker (from a webinar) describes treating Bitcoin like a living city and using blockchain data (addresses, price, hash rate, transactions) to empirically test scientific analogies. The speaker reports finding widespread power-law (scaling) relationships between price and on-chain quantities, framing this as a revelatory discovery that opens physics-style market insights for Bitcoin.
I understood the poetry, but, see, a scientist backs the analogy with data, you know, with mathematics, etc. So we have both, right? While he was talking about this, I immediately saw the relevance for Bitcoin. Bitcoin is this living city. And so I went online and started to download all the data. Because with Bitcoin, we have the fortune of getting all the possible information from the chain, right? You can get the number of addresses, you can get the price, you can get hash rate. So I went to this frenzy where I was plotting all these quantities, and there were power laws everywhere. There were a power law between price and transaction, power law between price and hash rate, price and addresses. You know, it was like, okay, it's full of power laws. Bitcoin is a place where you will find all these scaling properties. It was like a revolution.
