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Ethereum's Buterin Trashes Bitcoin S2F Model Over 'False Sense'

ihodl.com 21 June 2022 17:00, UTC
Reading time: ~2 m

Ethereum Co-Founder, Vitalik Buterin, has criticized Stock-to-flow (S2F) model developed by anonymous investor PlanB, saying that financial models that give people a "false sense of certainty" about future price numbers are "harmful and deserve all the mockery they get."

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Buterin said the community should remember those who supported S2F and those who mocked it "even back when it looked like it was accurately describing the trendline."

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It didn't take long PlanB to respond to accusations. The anonymous investor said that some people used to look for scapegoats for their failed projects or wrong investment decisions amid the market crash:

"Not only newbies but als "leaders" fall victim to blaming others and playing the victim. Remember those who blame others and those who stand strong after a crash."

Buterin's comments come after bitcoin's performance significantly deviated from the model's projections. According to S2F, bitcoin should be traded fivefold from the current levels.

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