ferenckovacs on Nostr: Did they predict the future in 1996? In 1996, an American magazine predicted what ...
Did they predict the future in 1996?
In 1996, an American magazine predicted what prices would look like 30 years later, and they were remarkably accurate. Meanwhile, in 1994 Hungary, the most advanced mobile phones cost 78,000 HUF, while the average salary was around 22,000 HUF. Today, top-tier phones cost 600,000-800,000 HUF, and the skilled worker minimum wage is roughly ten times higher than the 1994 average salary.
On the surface, it seems we’re still working the same amount to afford the latest phones.
But what’s the problem?
The problem is inflation. Over time, money loses its value. If you saved some money in 1996 to give to your grandchildren for their wedding, today that money would only be worth a fraction—about one-tenth.
Good money doesn’t just balance out immediate exchange rates; it must also retain value over time. Gold did this fairly well for thousands of years because it’s inherently scarce and costly to mine. It doesn’t corrode, even in salty seawater, and doesn’t erode when exposed to air. Its physical properties make it durable, while its scarcity ensures its value.
The need for harder money
Imagine your daily wage is five scoops of ice cream. 🍦 You can either enjoy it immediately or exchange it for something more durable. But if you want to pass on value to your children or save for future needs, you’d have to keep trading it for something harder.
The problem with fiat money is that it forces you to do this repeatedly. You must work for your money once, and then work again to convert it into something that won’t lose its value over time. #Bitcoin solves this problem by being the hardest money ever created.
Why #Bitcoin?
Bitcoin has a fixed supply of 21 million coins. It’s a perfect digital monetary tool, fulfilling all three functions of money:
• 🟢 Transactional: It can be used for global payments.
• 🔵 Unit of account: It measures value reliably.
• 🟠 Store of value: Immune to inflation, it maintains purchasing power over time.
Bitcoin is indestructible. Since it exists as digital data stored and audited by hundreds of thousands of independent nodes worldwide 24/7, it cannot be destroyed by environmental forces. This makes it an unshakable foundation for a modern monetary system.
The real sustainability issue
We often hear that sustainability is about producing goods with lower CO₂ emissions. But real environmental protection is about not producing things we don’t need in the first place. 🌍
Because fiat money loses value, people are forced to store their wealth in physical assets like real estate. But do we really need a tenth investment property just to protect against inflation? The production and maintenance of these assets come at a massive environmental cost.
#Bitcoin provides a sustainable solution: it allows wealth to be stored digitally without the need for resource-intensive assets, paving the way for a more sustainable future. 🌱 #Inflation #Money #Sustainability
In 1996, an American magazine predicted what prices would look like 30 years later, and they were remarkably accurate. Meanwhile, in 1994 Hungary, the most advanced mobile phones cost 78,000 HUF, while the average salary was around 22,000 HUF. Today, top-tier phones cost 600,000-800,000 HUF, and the skilled worker minimum wage is roughly ten times higher than the 1994 average salary.
On the surface, it seems we’re still working the same amount to afford the latest phones.
But what’s the problem?
The problem is inflation. Over time, money loses its value. If you saved some money in 1996 to give to your grandchildren for their wedding, today that money would only be worth a fraction—about one-tenth.
Good money doesn’t just balance out immediate exchange rates; it must also retain value over time. Gold did this fairly well for thousands of years because it’s inherently scarce and costly to mine. It doesn’t corrode, even in salty seawater, and doesn’t erode when exposed to air. Its physical properties make it durable, while its scarcity ensures its value.
The need for harder money
Imagine your daily wage is five scoops of ice cream. 🍦 You can either enjoy it immediately or exchange it for something more durable. But if you want to pass on value to your children or save for future needs, you’d have to keep trading it for something harder.
The problem with fiat money is that it forces you to do this repeatedly. You must work for your money once, and then work again to convert it into something that won’t lose its value over time. #Bitcoin solves this problem by being the hardest money ever created.
Why #Bitcoin?
Bitcoin has a fixed supply of 21 million coins. It’s a perfect digital monetary tool, fulfilling all three functions of money:
• 🟢 Transactional: It can be used for global payments.
• 🔵 Unit of account: It measures value reliably.
• 🟠 Store of value: Immune to inflation, it maintains purchasing power over time.
Bitcoin is indestructible. Since it exists as digital data stored and audited by hundreds of thousands of independent nodes worldwide 24/7, it cannot be destroyed by environmental forces. This makes it an unshakable foundation for a modern monetary system.
The real sustainability issue
We often hear that sustainability is about producing goods with lower CO₂ emissions. But real environmental protection is about not producing things we don’t need in the first place. 🌍
Because fiat money loses value, people are forced to store their wealth in physical assets like real estate. But do we really need a tenth investment property just to protect against inflation? The production and maintenance of these assets come at a massive environmental cost.
#Bitcoin provides a sustainable solution: it allows wealth to be stored digitally without the need for resource-intensive assets, paving the way for a more sustainable future. 🌱 #Inflation #Money #Sustainability