It's not like I need to defend rpietila because he does a fine job for himself.
Really? Where is he then? He's been strangely absent during this entire time he could have been defending himself. Sleeping the usual ~8 hours per night.
1. Volatility is the variance of price over time. Now, since Bitcoin has had 10,000%+ runs during its history along with -93% declines, and Monero has had neither, the burden of mathematical/statistical proof is on you. Please make your calculations.
Here you go. I compared BTC to XMR in 2 ways, the first is a lifetime-to-lifetime comparison and the second runs from 5/20/14 - 8/12/14 (I couldn't find price data for XMR before 5/20).
The average % daily change for BTC across its lifetime is 0.84%, with a standard deviation of 0.0713 (this is the "volatility" number).
The average % daily change for XMR across its lifetime (starting on 5/20) is 1.16%, with a standard deviation of 0.1671, or 2.34x greater volatility than BTC.
The average % daily change for BTC in the same time period as XMR (from 5/20 to 8/12) was 0.33% with a st. dev. of 0.0277, which is 6x less volatile than XMR.
So no matter how you want to cut the numbers, you're wrong.
I have no intention to cut the numbers here, since that would go against the definition of volatility I myself introduced. Thinking about it again, that measure (daily variance of price change) couldn't be more meaningless for anything but whatever - you won this round. Now welcome to the winners' club and buy Monero!
