The Lads Return for the BTC ATH!

So, I mean, let's talk briefly about your post.

You wrote one about event space.

And, you know, as an HFT guy, something I'm very familiar with, when you make a model, you start, you know, decaying or, you know, deciding if your EMA is time or events.

Mm-hmm.

And you kind of pointed out that events are sometimes more important than time.

Sometimes something happens for a long time.

And now you're applying it to Bitcoin versus gold.

So that was interesting.

Right.

Yeah.

So...

Yeah, after thinking about this events-based sort of time, I guess applying to Bitcoin made it make a lot more sense to me as someone who's always been sort of like a long-term skeptic on Bitcoin.

Like even though Bitcoin's been around for 17 years versus gold's like 3,000 years.

If you sort of compress the amount of time it's been alive into event-based time, it's actually closer to 10% of all human consciousness has experienced Bitcoin versus gold.

And, you know, coincidentally, that just happens to be the market cap ratio between Bitcoin and gold right now.

So it's just like an interesting way of quantifying like the lendiness of Bitcoin

relative to gold.

So basically in 17 years...

the number of like human hours is 10% of the last 2,500 years before that?

Yes, there's been like 130 billion life years experience.

It's like, you know, an average of 7 billion times 17.

Whereas over since like 700 BCE, there's been roughly 1.3 trillion life years experience.

So 10 times more than Bitcoin.

And every, you know, 5, 10 years, that ratio is going to presumably keep moving up, right?

Yes, it's moving up at roughly like 5.5% a year.