5min chapter

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Price-Models Revisited, Price vs Relative Value with Steven Lubka, John Haar and Greg Foss - July 21st, 2023

The Café Bitcoin Podcast

CHAPTER

The Problem With Modeling Price

John Sutter: Stock to Flow has been making the rounds on Twitter, so I think it's worth discussing. He says all price models are not just wrong, but some are useful. The content of all human minds now into eternity, into the future is what drives price and you can't model that because value is subjective. This is the reason communism failed; this is the reason central planning doesn't work. And as a community, we should break the very notion we should just pull it up at the roots.

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