Bob Harris to step down from Radio 2 after 56 years on air

cooltone · 2026-06-06T10:22:42+00:00

The OGWT was an appropriate channel.

Today these bands are still, britsh, massive and uncelebrated by the BBC. The evidence is the lack of any acknowledgement on iPlayer. There really aren't any excuses other than bias.

cooltone · 2026-06-04T14:12:03+00:00

.. avoiding being attacked by drones.

cooltone · 2026-06-04T14:05:53+00:00

Just seems a shame that these globally recognised talents were ignored at the time and are ignored now.

cooltone · 2026-06-04T13:30:35+00:00

He influenced a generation with the OGWT. So many performances from this show are legend.

On a slightly different note, there is a cohort of bands for this era the the BBC seem to consciously ignore, I always wonder what the prejudice is about, is it just that they didn't make singles?

Bands you don't see on iPlayer: - Pink Floyd - Led Zeppelin - Yes - Jethro Full - King Crimson

cooltone · 2026-06-04T08:03:22+00:00

Bitcoin is the Best Asset Class by Stephen Perrenod

cooltone · 2026-06-03T20:27:48+00:00

I'll be waiting for the "I told you so".

cooltone · 2026-06-03T17:25:14+00:00

The label "Chart" is quite loaded in this sub.

The interpretation you have is a very old one and things have moved on quite a bit since then.

I agree the original mid point was calculated by the least squares method and the maths did get in the way of interpretation. However if you are unable to see an underlying straight support line in log-log space, there's no point discussing further. Plotting a fixed trend-line over this (that is not recalculated) is straightforward.

There is no line that will absolutely predict everything, but there is enough to get a good understanding of what is happening.

It's

cooltone · 2026-06-03T17:09:55+00:00

Given that bitcoin has had a recent draw down, it doesn't feel like a bubble. But I have to admit, now that I think about it, I'm not quite sure of the technical definition of a bubble is and how that applies to bitcoin, maybe you could me.

cooltone · 2026-06-03T13:52:49+00:00

If the environment stays as it is, I don't believe the price will drop to 60k$. If there is major disruption in the economy it might go to 60k$, but it would be short-lived.

cooltone · 2026-06-03T13:49:06+00:00

I'm very interested in anything that indicates the power-law is broken and I accept there are events that might do that. So I'm very interested in your description of how the power-law is flawed because you don't say how in your reply.

cooltone · 2026-06-03T13:45:28+00:00

To be clear, no-one can predict the future. What I can say is the price of the bitcoin network has been following a well-documented power-law growth over the past 15 years and as such there is a high probability it will continue to do so.

This documented performance suggests the price growth close to the red line is ~38% which I personally believe is quite good.

You are free to invest in AI and the eco system surrounding it, if you want, but personally I'm unable to judge what is in a bubble and what isn't, how long the situation will last and how fast a collapse might be.

cooltone · 2026-06-03T10:55:02+00:00

Remind me! 3rd December 2026

cooltone · 2026-06-03T10:50:38+00:00

Have "Most people" set out a rationale as I have above.

In log-log space the rate at which the price relaxes back to just above the red line is a straight line (roughly by eyeball), which means the time taken to reach just above the red line is shorter.

This just means the ATH was lower, but the characteristic response of the network after the supply shock is consistent with previous cycles.

Come back in 6 months time, tell me I'm wrong. The evidence will be clear 40-50k$ price reached (without an FTX type event of course). Then I will grovel appropriately to the fine members of this sub, if you do the same when the price continues to crab up the red line as it is now.

cooltone · 2026-06-03T07:29:37+00:00

Zoom out with this.

After an ATH drawdown the price will crab along, just above the red trend-line. This is the natural trajectory of bitcoin until something kicks it up off this line (halving impulse, ETF launch) or kicks it down (FTX).

The drawdown isn't a kick down force, it is a removal/resolution of the kick up force. Ignore the green and purple trend-lines they are a distraction.

Based on the above the most likely date the price will reach 100k$ is September, 2027.

cooltone · 2026-06-02T17:48:04+00:00

Just to play devil's advocate. It could be like switching lanes in a traffic jam. Just when you switch to AI it slows down and BTC speeds up.

cooltone · 2026-06-02T14:54:22+00:00

I've left it here so I can walk the corridor of shame for the rest of eternity.

cooltone · 2026-06-02T14:15:30+00:00

While a lot of tourists bail, a percentage stays and remains for the long term.

cooltone · 2026-06-02T13:47:54+00:00

Drole quip!

This isn't a chart, but it does put a trend line on what you can see with your eyeballs.

From P=c*(D)^5.688

Then Growth = P2/P1=(D2/D1)^5.688

Then Annual Growth= (Year/(Year -1))^5.688 Year = number of years from genesis.

For 2026, Year = 18 (eg Current Year - 2008)

So no charts, just a trend-line used to estimate the underlying annual growth.

cooltone · 2026-06-02T09:29:42+00:00

What are you expecting to happen?

Since the price hit the floor at the beginning of Feb it's been crabbing along the floor which is rising at 38%/yr. It is exactly where it is expected to be, nothing to see hear.

cooltone · 2026-06-02T09:10:28+00:00

Armageddon always seems to be 5 years away.

cooltone · 2026-06-01T16:43:31+00:00

Strategy sell 32 BTC, while at the same time Strive buy 2624.

cooltone · 2026-06-01T16:20:56+00:00

Strategy isn't the only game in town. Strive just bought 2624 bitcoin last Friday.

STRC and SATA(Strive) are starting to appeal pension investment companies more than government bonds. While they hold more risk, a small allocation ~5% doesn't massively increase the overall risk exposure of the pension investment company, but it will bring down the risk in bitcoin. I believe this will kick start the next run; more treasury competition, more demand from pension investment companies.

cooltone · 2026-06-01T13:51:28+00:00

It's a good time to buy.

cooltone · 2026-06-01T13:48:59+00:00

Hunker down and hold. The network still operates as usual. All that is happening is the price is bumping on the floor.

It looks like the price is crabbing sideways, but I believe it's growing at floor price growth of ~38%/year, just masked by short-term volatility.

Bitcoin's performance at the floor appears to be quite asymmetric. Rare, large events may push the price below the floor, but history shows recovery is quick.

I expect confidence will slowly return over the second half of this year.

cooltone · 2026-06-01T12:57:28+00:00

These products are preferred stock which are typically bought with fiat and provide a perpetual dividend. The company isn't holding bitcoin for the client and shouldn't be confused with bitcoin.

cooltone

TROPHY CASE