I don't think the model works @resiliencia,
- An increase in the price of BTC is primarily due to an increase in demand, not a reduction of supply (which helps but is not a fundamental driver of the increase in price imo)
- The model predicts that the price will go to infinity which is silly
Eric Wall did a pretty good mathematical analysis on why S2F doesn't work, it's somewhere on Twitter/Medium
I think the only reason S2F became popular is because it says "Number go up"... Bitcoin twitter loved it and now it's become a meme, retail driven markets want to hear things that confirm their bullish bias... that's all.
Thanks for your thoughtful comment @f0x-society!
I will definitely take a look at Eric Wall and try to find their analysis! I love to see different opinions!
Pleasure!