Put simply, Buterin thinks that the theory is impossible to disprove, analysts can attribute any price as evidence that the stock-to-flow model is correct. Thus, it’s not particularly helpful.
This is why the PlanB model is dangerous and deceptive for the crypto community. He will continuously manipulate the data to fit his narrative regardless of how inaccurate and flawed the model truly is.
Of course, many Bitcoin maxis know this but choose to ignore it. The model provides them with another false narrative they can use to promote their cryptocurrency to retail investors who don’t know any better.
PlanB Blocks Anyone Who Even Questions Him.
Bitcoin maximalists love to talk about how they’re anti-censorship, but everyone knows this is hypocritical. They love censorship.
If you’ve ever asked a question or had a concern regarding the PlanB Bitcoin model, there is a 99.99% chance that he blocked you. I’ve encountered hundreds of pages who’ve told me they’ve been blocked for simply asking a question like “Is the model still valid?”
The creator of this model is a fraud. He refuses to be wrong, which is why he continues to deceive the crypto community, and censor anyone who even questions his legitimacy.