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Libertariman
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自由を求めるリバタリマン/嫌いなもの:暴力(規制 政治家 税金 戦争)/ 好きなもの:自由 平和 ビットコイン/ Seeking liberty/Dislikes: violence (regulations politicians banks taxes)/Likes: freedom peace bitcoin

bitcoin Price on This Day

October 11

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https://void.cat/d/NMyp2T6z8AZ2hUtmDFqsR1.webp

bitcoin Price on This Day

October 11

Compared to prior year, same day

Up forever

2012:🟩

2013:🟩

2014:🟩

2015:🟥

2016:🟩

2017:🟩

2018:🟩

2019:🟩

2020:🟩

2021:🟩

2022:🟥

2023:🟩

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A horse casually strolling onto the tee box.

Only in Hokkaido

This is because things go up in price at different speeds and to different degrees (i.e., not everything will increase in price by the same degree as inflation, which is an increase in the money supply).

There are a couple of things at play here, and I'll touch on several, taking a few points from both macro and micro.

If the money supply increased by 2x overnight, an average cantillionaire wouldn't go to the supermarket and buy 2x the amount of bread (or sweets, continuing with the previous conversation). They would spend it on things like stocks, real estate, LV bags, 911s, or bitcoin.

So, for these goods that are favored by the cantillionaires, their prices will increase in line with or exceeding M2 growth.

Relative to commodities, high-end snacks are closer to these scarce and desirable goods, and therefore they would increase in price more in line with CPI than commodified sweets. The cost of the ingredients in making the high-end sweets has not risen as much compared to the sales price of the finished good, so they are still able to maintain margins.

At a micro level, companies will continue to innovate and apply kaizen to their processes. So, if the pace of efficiencies gained from innovation and kaizen outpaces that of M2 inflation, that will also work towards keeping prices lower than inflation.

Banking system down in Japan.

Just use Bitcoin.

M2 money supply is inflating at a 4.3% clip annually, so that is pretty fast.

The prices of snacks, including the good ones, are sticky compared to M2 inflation speed.

But I agree that anything that is comparably desirable and scarce will increase in price faster than things that are commodified.

The confectioneries that have been around for decades and centuries understand branding and they tend not to shrinkflate or substitute with inferior ingredients.

They usually purchase specific ingredients from a specific farm.

That's part of the reason they've been around for so long!

But with commodified food, yes, shrinkflation is getting really bad.

An example that I like to pick on is Natto, the Japanese soul food that is sold in all supermarkets in Japan.

Go to an average supermarket and it'll be hard to find natto made with Japanese beans (American or Canadian is common now).

It used to be the opposite just a few years ago.

Go to a higher-end supermarket (Seijyo Ishii, Kinokuniya, etc.) and one can find Japanese natto there.

https://void.cat/d/SFmSfw136oxXUSzkYCTMsD.webp

bitcoin Price on This Day

October 10

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Breakfast, Rokkatei style.

Fruit omelette and Yukikon cheese

Alot of Japanese snacks are loaded with junk like preservatives, margarine, artificial sugars.

On the other hand, traditional confectioneries tend to keep things simple and use real ingredients.

As with anything, one has to know where to look.

I'm sure this is the first thing everyone looks at in the morning but just in case anyone was away for a few days...

It is now less than 200 days until the next Bitcoin halving.

https://void.cat/d/YCHecFFVbrugZvjS15c2HP.webp

Blue Mountain No.1 is really good but even better at the course.

Coffee is really popular in Japan and one can find a coffee bean shop in pretty much any decent sized town.

The most populart high end coffee bean in Japan would be Blue Mountain No.1 (200g going for 4000 - 7000 JPY)

Hawaiian Kona Coffee (Extra Fancy) is also popular but pretty rare (200g going for 3000-5000 JPY).

https://void.cat/d/KjWgN1yZaMu3H5wycBX6H.webp

bitcoin Price on This Day

October 8

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bitcoin Price on This Day

October 6

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Kitsune or foxes 🦊 are cute and can be seen all around Hokkaido.

Don’t go near them or touch them though.

They can carry Echinococcosis that can cause parasitic diseases in humans.

bitcoin Price on This Day

October 5

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bitcoin Price on This Day

October 4

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bitcoin 4 Year Cycle

We're here⬇️

#bitcoin4YearCycle

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bitcoin Price on This Day

October 3

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Generally speaking, Tokyo has the best ramen shops.

If you succeed big in your prefecture, you open shop in Tokyo (Ippudo, Santoka, Ichiran, Ichigen, Tomita etc.).

There are exceptions and some of the best ramen can only be had in certain places.

Like the Asahikawa Shoyu Ramen, decades old recipe that is loved by the locals to help them make it through the cold brutal winters of Asahikawa.

My favorites:

1. Tsuruya

2. Hachiya

3. Mizuno

Proof of Ramen 🍜

Thanks

Asahikawa ramen is the best 🍜