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less 1y ago

My favorite page on the StLouisFed .org (FRED) site:

"Buying eggs with bitcoins."

OVER THE PAST FIVE YEARS...

From September 2019 through September 2024, the price of a dozen eggs:

- In US dollars: Up +177%, from $1.38 to $3.82.

- In #bitcoin: Down -55%, from 14,119 sats to 6,310 sats.

CONCLUSION: Life gets constantly more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.

Inflationary fiat currency versus neutral inelastic energy money...

The choice is yours.

Source:

https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/

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BitLo 1y ago

Eggs are good!

5d
JS 1y ago

Dr, need you help, this Justin_Bons guy said on X the following, would like to hear your thoughts, thanks “BTC will collapse between 8 to 12 years from now!

First, the mining industry will fall, as the security budget shrinks

Then the network will be attacked (censorship & 51% attacks)

Core will then have to increase inflation beyond 21M, splitting the chain & that will be the end!”

e6
PSANDHU 1y ago

Amazing stats and perspective