erikcason on Nostr: We are in the middle of an inflationary crisis that ends in hyperinflation—mostly ...
We are in the middle of an inflationary crisis that ends in hyperinflation—mostly because 90% of people are highly regarded and will follow others off a cliff if that ‘feels right.’
I understand that it’s like talking about preparing for an earthquake. They happen so infrequently that the idea of being in an 8.0+ quake seems impossible—yet many people who live in earthquake regions are poorly, if not at all prepared.
This is simply a function of the human brain being unable to adequately calculate tail-risks, nor understand that inflation, like an earthquake, is a white swan, not a black swan event.
Everyone will get fucked by hyperinflation, and every fucking muppet on the block will act like they could have never seen it coming. You absolutely can, it’s just hard to look at; so most don’t.
If you want some chance of not watching everything you’ve worked for in your life from evaporation away, you will need Bitcoin to save.
I understand that it’s like talking about preparing for an earthquake. They happen so infrequently that the idea of being in an 8.0+ quake seems impossible—yet many people who live in earthquake regions are poorly, if not at all prepared.
This is simply a function of the human brain being unable to adequately calculate tail-risks, nor understand that inflation, like an earthquake, is a white swan, not a black swan event.
Everyone will get fucked by hyperinflation, and every fucking muppet on the block will act like they could have never seen it coming. You absolutely can, it’s just hard to look at; so most don’t.
If you want some chance of not watching everything you’ve worked for in your life from evaporation away, you will need Bitcoin to save.