Of course it's proven.  All it is, is a chart that shows where money goes when people shift out of risk assets to safety.  Lying conmen with 0 integrity like Sidhujag claim bitcoin is not only not a risk asset, it's the lowest risk asset possible.  The sheer audacity of this lie is beyond comprehension.  He should be put in front of a firing squad with the rest of the Jews for even attempting to pull off such a lie.  The Jews being very capable liars and deceivers wouldn't even attempt to pull off such a lie themselves because they know nobody would believe it, but that sure doesn't stop 0 integrity Sidhujag.

He then goes on to reference idiotic jibberish from company man Nick Szabo.  Newsflash:  since it's not possible to create a decentralized cryptocurrency and they're all designed to centralize, it means they're all just permissioned ledger, federated chains in pratice.  You know what else is a federated chain?  Paypal.  Just because they're Rube Goldberg machines that try to obfuscate what's going on doesn't mean they aren't the same thing.  It just takes a short time span for craptocurrency to arrive at that inevitable end.

Anyone with a pulse can tell proof of stake snowball centralizes through interest.  I've already explained to you people "proof of work" isn't actually "work", but the same thing - just collecting interest.  You put miners on auto-pilot, pull in the interest, then parlay the profit into...more miners to raise the vig higher like a typical slum lord trying to monopolize an apartment complex.  Or as you explained in Anonymint-speak:  "economy of scale begets more economy of scale".

Claiming any centralized, garbage cryptocurrency is somehow an off-risk asset or has better fundamentals than metals as the base of Exter's pyramid is like claiming Paypal is the base of Exter's Pyramid.  Only complete fucking morons or scammers could make such a claim.  Neither Paypal or any cryptocurrency remove middlemen or counterparty risk.  Worse still, we aren't talking about some type of benign middlemen, we're talking about built-in, usurious, rent seeking middlemen (transaction validators) in a parasitical relationship who want a cut of every transaction.  Only physical commodity currency like silver and gold remove the parasite middlemen.