BTC_POWER_LA

Here cost of computing going down due to deflation and cost of things going down due to Bitcoin network properties. I'm actually telling you a better story than Jeff does. @JeffBooth
I still like the general spirit of the idea and that we should live in an abundant economy. Perfect.
But the role of Bitcoin in all this is not explained by deflation or inflation that irrelevant to Bitcoin dynamics.

Jeff Booth's "Price of Tomorrow" claims things get cheaper in Bitcoin because technology creates deflation. This chart tests that claim with actual data.
Panel 1 shows technology made cars modestly cheaper over 16 years. About 1.5x in real terms. That's the green line in Panel 2.
Panel 2 shows what actually happened when you price a car in Bitcoin. It went from 2.1 million BTC in 2010 to 0.22 BTC in 2026. That's a 10 million x decline. The blue line.
The green line is nearly flat. The blue line collapses. Tech deflation predicts 1.5x cheaper. Reality delivered 10 million x cheaper.
Where did t

Join un at 5:35 PM PST for the Bitcoin Live show where we discuss recent Bitcoin price action using the power law and liquidity indicators.
Yes, Marcus will be there.
Show is here on X, YouTube and Twitch.

Who wears it better?
1) Quantile regression that uses linear price and linear time.
2) Quantile regression that uses log price and linear time
3) Quantile regression that uses log price and log time.

This hysteria about the Gold power law being “broken” actually helps clarify things even further about what the power law is really about.
Do you realize what it really implies? Bitcoin is essentially laughing at gold’s attempt to catch up. A 3× move may look impressive in isolation, but it is trivial compared to a system that has grown by a factor of 100,000,000 over 17 years.
That contrast is the whole point—it highlights what a truly scale-invariant system looks like.
Now think in log scale. The apparent “deviation” becomes almost negligible. It’s well within statistical error.
Focus on the

The Gold power law is perfectly fine. What we never claimed is that there exists a fixed floor at 50% of the reference price—that feature is specific to BTC/USD, not to gold.
This distinction is essential, and it’s unclear why it keeps being misunderstood. Gold behaves differently because it moves relative to fiat, not within a self-referential, scale-invariant monetary system like Bitcoin.
What’s actually remarkable is that even after gold’s recent ~3× increase—following decades of stagnation—it still remains within roughly 2σ of its power law trend.
That fluctuation is just noise. The real t

Why the power law is a big deal.