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Des Imoto マキシ
16897bfab409ff12a768217e14d472dd5e8a2ae11cc0e3340bf2d6f67f5bac83
Bitcoin is the only chance we have | Toxic Maxi | Anarchist | Voluntarist | #Bitcoin | #Plebchain

Don't you see what... what's going on? We're no better off than we were before. They let us complain and--and make suggestions but, they never really change anything. They let us choose between Master Jones and Mr Johnson. What's the difference? They still make all the rules. Punish us if we disobey. We... we still do all the work. They come and take as much as they want. And they give us just enough. Just enough, that we don't rise up, or run away. Slave... to work. The way I see it is, they just change the words they use. Nothing is really changed, we are all still slaves.

https://jonesplantationfilm.com

Why should we obey their rules? We didn't agree to this. They forced this upon us. They have tricked you into thinking that choosing your own master, is the same as being free.

- https://jonesplantationfilm.com

Here on #Nostr it’s a community more than social media. It’s a two way street of where you follow people you like, if they like you, they follow you back. You have a dialogue and grow. Not the algorithm hyped “influencers” talking at you, while they don’t care about what their “followers” say. Personally I would change the term follower to connections on Nostr.

Replying to Avatar Rhydian

Been playing around with some Python..

Still a bona fide noob, so take it easy.

We all understand that BTC is "going up forever" compared to fiat, but will it actually increase in purchasing power forever?

I believe so, but would like to actually track and analyze it.

Since the Consumer Price Index (CPI) is the most widely used measure of inflation, I figured it would be interesting to use this data in conjunction with Bitcoin price data to create a new metric, which I'm calling the Bitcoiner Price Index (BPI). That is, CPI is the measure of prices paid by US consumers, and BPI is the measure of relative prices paid by Bitcoiners.

I understand CPI is far from ideal or complete data, but it's what I have access to and what the mainstream economists (🤢) seem to use, so I'll use it as well, at least as a start.

I took the CPI data from the Federal Reserve Bank of St. Louis and the BTC data from CoinDesk (free API keys).

The chart below shows the past 10 years data, all that was available via API for free, in typical year-over-year fashion as well as trend lines.

Since the targeted inflation rate is 2%, I've shaded in red any time the CPI is over 2%. And since my base case is that BTC will gain purchasing power, I've shaded in green any time BPI is negative.

I'm still playing around with this, but I find it pretty interesting and different than most BTC charts I see floating around.

I figured I'd #AskNostr to get some feedback and hopefully some opinions on improved methods and/or data sources.

Based on the data thus far, the CPI trend is 0.05 and the BPI trend is -0.10, suggesting that prices are falling for bitcoiners twice as fast as they are rising in USD despite the large spikes during the bears.

I plan on following this each month when the CPI comes out, and modifying it to make improvements along the way. Should be neat to see how things go over the coming years.

#Bitcoin #Coding

Your thesis regarding what CPI is, is wrong. Like the name suggests, the CPI measures price increases (even though manipulated). Thus completely useless data. Price increases are the trickle down, delayed effects of inflation. Inflating the money supply that is. Which, in a debt based system is debt. Total debt, including federal, state and local, business and private debt. Currently $80 trillion in the US. The purchasing power of #Bitcoin imho is currently more of a function of adoption. Unfortunately the exchange rate vs the USD is also heavily manipulated ever since the Government/Wall Street got involved. And they are slushing it around between the USD/Futures and ETFs, Strategic Reserves, Corporations, seized Bitcoin etc.

Replying to Avatar Ghost of Truth

China’s Unconventional Strategy to Combat Property Market Deflation: A Bold Move to Stabilize the Economy

China's ongoing battle against the deflationary pressures in its overstretched real estate market is taking an unconventional turn. Historically, the central government has relied on regional authorities to offload bad debts and distribute financial risks. Now, in a surprising development, local governments might be tasked with purchasing unsold homes to alleviate downward pressure on property prices.

This strategy is seen as a protective measure for banks burdened by non-performing loans and the declining value of mortgage-backed properties. According to a Bloomberg report, China is considering allowing local governments to use funds from special bonds—previously reserved for infrastructure and environmental projects—to buy up these surplus homes.

However, with more than half of this year's 3.9 trillion yuan bond issuance quota already spent, it remains uncertain how much will be allocated for this housing market intervention if the proposal is approved.

What we are witnessing here is the twitching of the keynesian fiat money system, believing that interest rates can be manipulated to control aggregate demand, that initial prices can be manipulated at will and that the behavior of economic agents can be manipulated. This is evidence of the infantile basic principles of keynesian economies, which ultimately always collapse under the lack of a market mechanism to clean up the mess initiated by the central planners. (We do not blink toward Brussels, do we?)

#ChinaEconomy #RealEstateCrisis #Deflation #FinancialStability #GlobalMarkets

It used to be, like the Soviet Union, people in these centrally managed systems became more and more complacent and production of necessary goods collapsed. Today, with automation, everything is oversupplied. We got cars, clothing, iPhones, food (albeit poisonous) and housing coming out of our ears. People only really get upset when they’re hungry. So even so a large part of the population doesn’t work (and no, bullshit jobs aren’t work), it may take longer than in the past to collapse. The money sponge is huge this time…

Collectively yes. Or one could say, the more solo miners there are, the more Blocks will be mined decentraly vs centrally.

To guess the number to win a block you need computing power. Centralized miners have a lot of computing power, a big computer in essence. A solo miner is a small computer. A lot of small decentralized computers add up to a lot of computing power to compete with centralized miners to win blocks.