Truflation - a real-time calculation of the US inflation rate and CPI categories \ stacker news ~bitcoin

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Truflation - a real-time calculation of the US inflation rate and CPI categories app.truflation.com/

111 sats \ 10 comments \ @k00b 11 Apr 2022 bitcoin

20 sats \ 1 reply \ @DarthCoin 11 Apr 2022

LOL some people in US are really shitting their pants now with this inflation. Just few years ago they were laughing about Venezuela inflation, now they are making apps to check the inflation. Daaaamn...

Guys, is simple: STOP fucking using US dollars. Use ONLY bitcoins. FUCK FIAT! FUCK THE BANKS! Step out of the system, don't keep staying inside the cage.

1 sat \ 0 replies \ @falsefaucet 11 Apr 2022

you can only be kept in a cage you refuse to see

21 sats \ 0 replies \ @shyfire 11 Apr 2022

This was awarded as part of Balaji's 1729 bounty, they awarded $100K USD for this dashboard

https://1729.com/inflation

1 sat \ 2 replies \ @cryptocoin 12 Apr 2022

There was an article in CoinDesk on this:

While the Truflation index is based on the same calculation model as the widely used CPI, it is different because it measures and reports inflation changes daily by using current real-market price data from sources like Zillow, Penn State and Nielsen, among others.

About 40% of the data that is being looked at is the same goods basket that the Bureau of Labor Statistics uses. The remaining 60% is being substituted with data from other sources.

A Censorship-Resistant Inflation Index Is Being Built on Chainlink https://www.coindesk.com/business/2022/04/08/a-censorship-resistant-inflation-index-is-being-built-on-chainlink https://archive.ph/9nhqm <-- An archive, may be easier to read

1 sat \ 1 reply \ @cryptocoin 12 Apr 2022

And an article on ZeroHedge about this:

The "True" Inflation Rate Is 13.2% - Censorship-Resistant Price-Tracker Built On Blockchain https://www.zerohedge.com/crypto/true-inflation-rate-132-censorship-resistant-price-tracker-built-blockchain

10 sats \ 0 replies \ @shyfire 12 Apr 2022

Also, Jack tweeted about it https://nitter.net/jack/status/1513713310000205831?s=21

New CPI numbers out today

1 sat \ 0 replies \ @BlokchainB 12 Apr 2022

Sad to see. Poor is getting crushed

0 sats \ 0 replies \ @Majjin 12 Apr 2022

Is there any info on how they calculate their inflation rate?

0 sats \ 1 reply \ @02d10975a1 12 Apr 2022

What is truflation? True inflation? It's not very obvious.

0 sats \ 0 replies \ @Undergotten 12 Apr 2022

But you figured it out. It seems pretty obvious to me.