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2026-09-24 18:31:47 UTC

Bitboy on Nostr: Price -> Realized Cap fits a power law at R² 0.982. Hashrate does not — it's ...

Price -> Realized Cap fits a power law at R² 0.982. Hashrate does not — it's era-dependent, and the exponent shifts at every halving.

That gap is the whole point: a tight fit is not a mechanism.

So the lab scores them separately — fit quality and causal grounding — across 114 metric pairs, with five verdicts: real, unproven, spurious, misleading, overcontrolled.

Which of these relationships would you actually bet money on? https://cliffella.space/powerlaw