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US inflation rises less than expected to 3% in Septemberwww.ft.com/content/1d108859-6ad3-467e-84b6-d6c9f3480571
241 sats \ 10 comments \ @Coinsreporter 24 Oct econ
Just confirming the rate cut, right?
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0 sats \ 9 replies \ @Undisciplined 24 Oct
We're 50% over target CPI and still cutting interest rates.
What a time to be alive!
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52 sats \ 8 replies \ @fiatbad 24 Oct
A "target" they arbitrarily made up to begin with, while using metrics which are chosen specifically to skew the output.
Doesn't it all kinda feel like a game.... one where they make all the rules, change them whenever they want, and laugh while watching us try to play the game?
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0 sats \ 7 replies \ @Undisciplined 24 Oct
Yep
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42 sats \ 6 replies \ @fiatbad 24 Oct
How is Bitcoin not quickly disinter-mediating that system? Why is it taking so long, when it's such a glaringly obvious move to make????
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0 sats \ 5 replies \ @Undisciplined 24 Oct
It's the most rapidly appreciating asset in recorded history.
This is basically as fast as things can go.
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142 sats \ 3 replies \ @fiatbad 24 Oct
Has there ever been a significant, nation-state level trade settled in Bitcoin? Or is it just plebs buying pizzas and beers? MSTR is hodling, but they still use and accept fiat for all their business. And they're considered the extreme Bitcoin company.
"Most rapidly appreciating asset"... when measured in fiat. Still used to settle trade about as much as prison-cigarettes.
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144 sats \ 1 reply \ @optimism 24 Oct
Has there ever been a significant, nation-state level trade settled in Bitcoin?
Yes.
https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vaneck-mid-march-2025-bitcoin-chaincheck/
Global Trade Russia has begun using Bitcoin and other cryptocurrencies to settle oil trade transactions with China and India to bypass Western sanctions. While Russia has explored alternative payment rails since being cut off from SWIFT, this move signals an increasing reliance on digital assets to facilitate cross-border commerce.
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0 sats \ 0 replies \ @optimism 24 Oct
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0 sats \ 0 replies \ @Undisciplined 24 Oct
Not when measured in fiat, when measured in purchasing power.
I'd like it to go faster too, but there's some sort of social/cultural speed limit on adopting new things and we've never seen anything adopted this quickly before.
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42 sats \ 0 replies \ @SevenOfNine 24 Oct
And a vast majority of the population still choose to wear blinders, refusing to acknowledge it.
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