Ethereum co-founder Vitalik Buterin criticized the Bitcoin (BTC) stock to flow (S2F) model introduced by PlanB.
The BTC stock-to-flow model got a lot of attention during the bull run as it got several price predictions right. But there were also times when the model faltered in a bull market.
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
While criticizing the S2F model, Ethereum founder Buterin said that the model is damaging. Buterin said:
“The stock to flow model isn’t looking really good right now. I know it’s rude to brag, but I think financial models that give people a false sense of certainty and judgment that the price will go up are harmful. And they deserve all the ridicule. Remember who supported S2F and who mocked him when he seemed to explain the trendline correctly.”
