CPI is rigged to hide inflation. A flatcoin as described would not be flat, it would just fall slower against real goods.
is this real? there’s no fucking way https://nostr.build/av/5a3ecbff29d573430d4fe0900efa62267dfe6d3378e27fff2668c795e74e4c3e.mov
Discussion
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Even if we put aside the tracking issues with CPI, someone would have to administer this. Armstrong says that an advantage over current stablecoins would be resistance to censorship, however there'd be no difference as the administrator could be leaned upon.
Also, in fiat terms, this product would have a "return". Buy for $1 in 2024, spend/sell in 2026 for $1.20. Where does that difference come from? Someone has to be on the other side of that to finance the difference, in essence shorting the CPI.
Swap products, futures, or street craps...someone has to be on the other side of the transaction.
This is giving me an idea. Start now. Just buy bitcoin with every penny put in to "flat". Bitcoin is deflationary, it holds static. How likely are we to hit half the previous ATH next bear? Survive redemptions next bear then sail off to your private island.
This is stupid and wreckless and 100x more sound than any other shitcoin. Isn't this basically the tether treasury business model now?