How we got there
A decade of measurement established the law. One number in it stayed unexplained — until now. Every document below is one click away.
The foundation
Giovanni Santostasi discovered and defended the power law; with Stephen Perrenod he formalised it.
BookThe Physics of Bitcoin
Santostasi’s account of the discovery: Bitcoin’s price, adoption and hash rate follow power laws in time, across five complete market cycles.
→Santostasi & Perrenod (2026)
Establishes the law and splits its exponent, β = βA × βM — but leaves βM ≈ 1.84 as an open question. Published in Elsevier’s Nonlinear Science, June 2026.
The missing constant
Our contribution: βM = 1 + 1/α — the unexplained number is the shape of human wealth.
PaperBitcoin’s Price Power Law Decomposed — v2.0
The derivation, 79 empirical tests, 20 simulations, honest error bars, and the cross-asset controls that could have killed it.
→ DeckThe story in 42 slides
From one straight line on log-log paper to the wealth pyramid — the whole argument, no equations required until you want them.
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The full evidence base — reproducible
Every empirical test and simulation behind the paper, published as run — including the wrong turns. Browse the library, or clone the repository and re-run the whole thing yourself.