Plan B Drops New Cross-Asset S2F Model

Plus new Libra Association members and a departing CFTC crypto ally

Happy Tuesday, Blockfolians

The Lede

One of the best known (and most controversial) models in the crypto space is the “Stock to Flow” model introduced last year by Plan B. The central basic hypothesis of the model, as described by the originator, is that “scarcity…directly drives value.”

While the model has its detractors, it has also attracted some prominent believers as well.

You can read Plan B’s article here, or for a Twitter-thread length explanation, check out this excellent summary.

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Community Commentary

One challenging aspect of understanding the total market cap of a cryptocurrency is the lack of clarity on how to measure supply. Coinmetrics offers a new solution for exactly that.
Dave Portnoy continues on his journey to be a fiat questioning, stock-market-manipulation missionary.

A Really Big Number We Should Be Paying Attention To


That’s daily trading volume for FTX, an exchange that launched just last year and which made waves announcing the opening of a US spot exchange.

Final Thought

The sound of brrrrr.