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Great post! It's probably one of my favorites of yours.
I'm not sure I've ever seen this discussed amongst bitcoiners, but it is how economists learn about and understand money prices.
The problem being solved is that without money everyone would have to keep track of the specific market exchange rates between every pair of goods, which is not something anyone could do. Money prices allow us to understand the relative exchange rates between all goods at a particular time.
All of the relative exchange rates between goods are in constant flux, though, and with value being subjective there's no coherent sense in which money could be a constant unit of value. The same dollar might buy the same basket of goods over time, but how people value the basket changes.
well summarized, sir.
Point seemed very lost on the half-dozen low-IQ peeps I engaged with in the comments section here.
Solidified my belief that Bitcoiners are, on average, total craptards.
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Then you have good job security
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not sure about that... at least got my work cut out for me!
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You should really solidify this belief otherwise you might start doubting yourself.
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