David Härer on Nostr: I think of it like when I have 1000$ and the smallest denomination is changed to ...
I think of it like when I have 1000$ and the smallest denomination is changed to 0.0001$ (presumably because goods are priced in amounts below 0.01$), I still have 1000$, but over time it buys me more.
With inflation, some other entities in the market get new money, so my 1000$ buy me less. A symptom are discussions about dropping the 0.05$ coins and below, because nothing is priced in it anyways.
How do our perceptions of the situation differ?
Published at
2024-07-30 06:08:57Event JSON
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"content": "I think of it like when I have 1000$ and the smallest denomination is changed to 0.0001$ (presumably because goods are priced in amounts below 0.01$), I still have 1000$, but over time it buys me more.\n\nWith inflation, some other entities in the market get new money, so my 1000$ buy me less. A symptom are discussions about dropping the 0.05$ coins and below, because nothing is priced in it anyways.\n\nHow do our perceptions of the situation differ?",
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