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I think if he really wants to prove his point while also addressing @denlillaapan's concerns, he'd create a basket of everything Phub accepts, excluding bitcoin, and compare it to the basket of shitcoins that Phub didn't accept.

then nobody would read the paper, haha.

Nobody cares about shitcoins; bitcoin makes it a juicy paper!

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He should've made 3 plots:

  • Bitcoin
  • shitcoins accepted by Phub, excluding bitcoin)
  • shitcoins not accepted by Phub
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I agree, since the headline takeaway is about the effect on Bitcoin, not a bundle of random crap that includes bitcoin.

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