For some years now, Plan B, the creator of the popular stock-to-flow (S2F) bitcoin pricing pseudonym, has become one of the most popular bitcoins ever to amass 1.8 million Twitter followers. However, after the S2F price model was not implemented and the price targets were lower than in 2022, Plan B and their pricing model were heavily criticized. On Tuesday, Vitalik Buterin, co-founder of Ethereum, denounced the S2F pricing model and said that “economic models that give people a false sense of certainty” are “damaging” and they deserve to be mocked.
Plan B’s stock-to-flow bitcoin pricing model is not as popular as it was in the past
Bitcoin’s pricing has been mocked by some specific pricing models this week, as people have noticed that it does not follow the “rainbow” price tag and Plan B’s famous stock-to-flow pricing model. The creators of the S2F-like pseudonym came to the attention of the crypto community years ago on March 22, 2019 when they published an editorial titled “Modeling Bitcoin with no value”. When things were bullish in late 2020 and 2021, the Plan B statements and pricing model were respected and, at times, analysts’ predictions were on point.
In January 2021, the USD value of Bitcoin (BTC) followed the S2F model, and Plan B stated at the time: “Bitcoin Stock-to-Flow Model [is] On track… like clockwork. ”By the end of June 2021, Plan B was issued Update Analysts in their “worst case scenario of 2021” said: “Bitcoin is under $ 34K, triggered by Elon Musk’s energy FUD and China’s mining decline. There is also a more fundamental reason why we see weakness in June and possibly July. My worst scenario for 2021 (based on price / series): Aug> 47K, Sep> 43K, Oct> 63K, Nov> 98K, Dec> 135K. ”
The future is difficult, especially the future. EMH says it is impossible to predict financial markets. For those still interested in the models, here are 5 BTC valuation models:
– Time (log regression, rainbow) and S2F are very high
– UTXO / TX is too low
– trouble / mining_which is currently better pic.twitter.com/9FYCbWmbp7
– PlanB (@ 100trillionUSD) June 21, 2022
After announcing their “worst-case scenario” predictions, August, September and October seemingly have reached Plan B’s forecast goals. However, when the BTC unit reached its all-time high of $ 69K on November 10, it did not do so near the $ 98K range and was not even close to December. Fast forward to the end of the first quarter of 2022 and the price of BTC continued to fall, and currently, the price of a major crypto asset is off the radar compared to the S2F chart. Plan B and its pricing model have been criticized in the past and by celebrities BTC lawyers. For example, Steve Barber, once the owner of the upstream data Tweeted:
S2F is a used car dealer’s method to mitigate bitcoin to the moon.
Butterin says ‘stock-to-flow doesn’t look good now’
Nowadays, the Plan B model has been increasingly mocked and ridiculed. Ethereum lawyer Anthony Sassano Tweeted Regarding the S2F model and the predictions of Plan B. “The Stock to Flow ‘model is such an epic failure that Plan B should delete its account,” Sasano said. “Yet they don’t do that because they sadly still have 1.8 million followers. They eat all the hopium trash on a daily basis.” The tweet then caught the attention of Ethereum co-founder Vitalik Buterin, who commented on the issue.
“Stock-to-flow doesn’t look really good now,” Buterin He said Retweeting Sassano’s statement. “I know, I’m happy and all that is rude, but I think economic models that give people a sense of certainty and predestination are worthy of a number-will-go-up and all they get. Who supported S2F and when it seemed to accurately describe the trendline. Remember who was mocked, “Ethereum co-founder Included.
Plan B responds, telling analysts fans to ‘post them – I enjoy the view you bring’
Plan B Butterin responded to the statement by retweeting his tweet on Tuesday with some criticism towards “failed projects.”
“After the accident, some people are looking for victims for their failed projects or wrong investment decisions,” said Plan B He said. “Not just newcomers [also] The ‘heroes’ fall victim to blaming others and play the victim. Remember those who blame others and who stand strong after an accident. Even Plan B Retweeted “The person who wrote that Ethereum’s ‘ultrasound’ tokenomics is entirely based on S2F. Plan B explained later in the day that they would share their analysis and charts for free.
“So I share my analysis and charts for free,” Plan B Has been written On Tuesdays. “No one is told what to buy or what / when / how / how much to buy. Now all the assets, including Kovid, the China ban, the Russian war and the inflation tank bitcoin … and somehow some wineries blame me for their investment decisions? Lame ”
She is 10 but according to PlanB
– Cryptography (@cryptograffiti) June 21, 2022
As mentioned above, the S2F has been mis-targeted, but has also been mocked by the “rainbow” price tag over the past two weeks. In a similar vein, the Rainbow Chart does not cover the price of the BTC but some said the purple line could be added to make the chart work again. “I created a new and improved model for the rainbow chart,” Twitter account @Levelsdennis Tweeted.
Meanwhile, several Bitcoiners were sympathetic to Plan B and told them to continue their work. “In fact. Post pls – I enjoy the view you bring,” he told the pseudonym analysts, a popular Twitter account with over 1 million followers and named @BTC_archive.
What do you think of the recent criticism of the Plan B stock-to-flow bitcoin pricing model? Let us know what you think about this topic in the comments section below.
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