Price of stuff doesn't go up. Value of money goes down. Few understand this.
Discussion
Great point. The value you can generate with money goes down. Technology gets more expensive
actually price of stuff goes down and manufacturing gets vastly more efficient, govt. put a load of friction in for nothing. also things can be built to last much longer.
He didn't say that the price of stuff doesn't go down, tho.
You don't cover any distance if you are running on treadmill :-)
🙂🧡🤙
Toilet paper holds value better than the dollar.
While the value of money decreases, exchange and interest rates increase. You get triple fucked.
Seems to be a massive cognitive barrier. Fixed it for a friend in uk by looking up chart of home prices on historical chart but priced in gold.
I tend to try using the 1oz=1 Taylor made suit pricing to explain.
2 interesting points here. First, I think the dramatic purchasing power drop past 2 years is changing this. Second, and I saw this yesterday when orange pilling someone, the older generations seem to get it faster. I was talking to her and all of a sudden mum interrupted and went on a great rant about loss of purchasing power, saving in gold and instantly caught on to benefits of bitcoin as a superior value storage method. Was insightful to watch. When orange pilling, tell them to bring their parents or grandparents!!
Poetic truth.
Ge
If you’re saving your waelth in fiat we have a name for you.
The value of money if worth less but it’s on the path to becoming worthless.
So obvious.
Value of stuff doesn’t go up.
Value of money goes down.
Value goes up and down, depending on market forces such as desirability and availability. Therefore prices will rise and fall in a bitcoin standard world. The information would be more useful too. It's very hard to calculate the amount of time required to earn a specific good when you measuring stick keeps being fucked with.
It’s like the opposite of a good game of civilisation 🤷♂️
Yeah, people in Weimar Germany used to say that the "dollar went up again" until they eventually figured out what was going on. Many countries are going through the same as we speak. Hopefully this will be history's last iteration of this nightmare.
Türkiye'dekilerine anlatmaya kalksan anlatamazsın
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#purchasingpower
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The amount of zaps don't go down. Value of bitcoin goes up. Few understand this. 😉
And it’s too obvious.
Every increase in fiat monetary units makes the existing fiat monetary units “worthless.”
More are getting it.
Back in high school, about 20 years ago, we used to sell alfajores for $0.20 ARS. Today, I bought the same alfajor for 290 ARS.
Our "money" lost its value 1500x.
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Biden should sue the companies making the dollars go down......
The pot calls the kettle black….
Everyone who owns assets thinks they're getting richer when the reality is that the money is losing value. And then the government takes away a chunk of the "gains" if you ever sell, making you more poor.
How come the dollar price of houses goes up much faster than the dollar price of bread?
Are these different dollars?
By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft. - John Maynard Keynes
FFF
Fuck
Fake
Fiat
Few? ?m afraid that's an overly optimistic estimate. I would't go beyond 3%. Goal should be 10% to start changing something...
In the mean time, we stay humble and stack sats! :-)