Replying to Avatar 10Luno

The 'rule of 70' is the only rule that is needed to understand 'why Bitcoin?':

Whatever the average inflation over many years, 70 divided by that will give you how many years your purchasing power will halve; so the central bank 2% inflation target gives 70/2 = 35 years, for $100 in 35 years to buy $50 of what you can buy today.

So 7% inflation over 10 years (70 รท 7) will halve your purchasing power.

70% inflation over 1 year (70/70) will halve your purchasing power.

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10Luno 2y ago

You might say "35 years is a long time so why care? i'm not going to hold the same dollar/pound/euro/yen/yuan/etc for 35 years!"

Well, there is your #pension and the part that is held for 35years will be half as powerful when you need it most (at 2% average inflation over the period (35 yrs)).

Also, if you work your way up the career ladder and **double** your #salary in 35 years, you'd have the *same* purchasing power as you started with!

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10Luno 2y ago

'Rule of 70' is what is missed here and from what i've seen, although #TheDiaryofaCEO is popular, they miss important limitations of what they are espousing:

https://www.youtube.com/watch?v=vOvLFT4v4LQ

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