Ethereum co-founder Vitalik Buterin criticized the popular Stock-to-Flow (S2F) model, which has deviated severely from its price predictions. The pseudo-anonymous creator behind the model, PlanB was quick to respond to Buterin. “Not Looking Good Right Now” PlanB’s Stock-to-Flow (S2F) Bitcoin model gained a lot of attention during the bull run as it got several price predictions right. However, it also deviated on a number of occasions during the bull market to give incorrect price predictions. For instance, the model incorrectly predicted that BTC would touch $100,000 by December 2021 which didn’t happen. It also attracted countless critics, following the recent market slumps in which the asset recorded an 18-month low beneath $20,000, going outside of its bullish predictions. With its growing list of critics, Vitalik Buterin says it “deserves all the mockery they get.” Stock-to-flow is really not looking good now. I know it's impolite to gloat and all that, but I think financial models that give people a false sense of certainty and predestination that number-will-go-up are harmful and deserve all the mockery they get. https://t.co/hOzHjVb1oq pic.twitter.com/glMKQDfSbU — vitalik.eth (@VitalikButerin) June 21, 2022 PlanB Responds Plan B responded to Buterin’s criticism claiming “people are looking for scapegoats for their failed projects or wrong investment decisions.” After a crash aome people are looking for scapegoats for t...
North Carolina Eyes Crypto for Pension Funds
