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Replying to Avatar Ploughboy

Correct. One of the stupidest things I hear people say when talking about things like gold or bitcoin being repriced by inflation is, “but you wouldn’t want to live in a world with $10,000 gold” “or but a loaf of bread would cost you $50…” Gold did an 8x move from 2001 to 2011 and it didn’t turn into a mad max world. Bitcoin has been doing about a 20x + every four years (mathematically this can’t continue) for the last 14 years and bread is still affordable ish.

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fiatjaf 2y ago

Yes, people assume too much.

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