dr.fred on Nostr: it is a semantic discussion. almost esoteric. i gave you the common definition of ...
it is a semantic discussion. almost esoteric. i gave you the common definition of inflation. in short:price increases of most goods and services. it is what is commonly used by 99% of people. they go to a market, are shocked how much their grocery costs and they have to pay for their food 100% more than 3 years ago. official sources lie about the rate of inflation. in fact it is 3-10 times higher.
early bitcoiners used btc as a currency. there are currencies in the world which had much lower inflation than the usd and lower inflation than btc: the swiss franc for example.
bitcoin influencers always propagate the wrong idea that all prices go down measured in bitcoin. in the last 3 years the purchasing power of bitcoin went down 50% and the prices increased 100% on average measured in bitcoin.
new influencers dropped the idea of btc money and brought up the completely flawed idea of store of value. btc lost 50% of its value (=purchasing power) in the last 3 years.
early bitcoiners used btc as a currency. there are currencies in the world which had much lower inflation than the usd and lower inflation than btc: the swiss franc for example.
bitcoin influencers always propagate the wrong idea that all prices go down measured in bitcoin. in the last 3 years the purchasing power of bitcoin went down 50% and the prices increased 100% on average measured in bitcoin.
new influencers dropped the idea of btc money and brought up the completely flawed idea of store of value. btc lost 50% of its value (=purchasing power) in the last 3 years.