Nobody profits from inflation except the fiat cantillionare class.
In purchasing power terms the best you can hope for is to MATCH inflation, ie: Smart delivery drone company grows in value 5% in absolute terms- which means as an investor you need the stock to track 10-15% higher to keep up with inflation and reflect growth.
It would be better to have sound money and your stock goes up 5%
Nobody profits from inflation except the fiat cantillionare class.
First of all: what's up with the communist vocabulary?
Second: Are you aware how low the amount of assets is to have more increase in their value than the decrease in value of your income/fiat savings? Since you're presumably a Bitcoiner there is a good chance you're one of them
Nice attempt at identity politics there. CLASS isn't "communist vocabulary" it's a word that describes groups of people in social structure. In this case: I used it to describe the absolute PARASITE bankers and politicians who steal our economic value through inflation.
And if I'm understanding your question correctly-
You are completely ignorant to the true nature of inflation.
The "low the amount of assets" is more than 100% of your assets. There is no escape from inflation while valuing your assets in the inflating currency.
Here is the inflation of your precious US dollar: https://www.usinflationcalculator.com/ In 1915 you purchase an item for $1, then in 2023 that same item would cost $30.27
US Dollar cumulative INFLATION: 2,926%
Inflation 2,926% > 2,015% stocks
I just noticed in your earlier comment you said: "Maybe you're unfamiliar with it if you come from a lower class background." -yet you are arguing that somehow you are "profiting from inflation" if you own some stocks or real estate..... so who's the communist here exactly?
Oh, I wish I knew... because it's happened a number of times that people just ask me about bitcoin w/o me ever mentioning bitcoin to them. I've never brought up bitcoin with anyone w/o them expressing an interest first.
These are obviously all people that know me, but not necessarily each other. And they often end up becoming Bitcoiners themselves.
When I ask them why they think I would know anything about bitcoin, the usual response is something like: "I don't know. You just seem like the kind of guy that would know about bitcoin."
Start trashing fiat currency. Tell them you're considering moving to El Salvador. You listen to the 'what is money' podcast. You're reading a copy of 'the Bitcoin standard' when they meet you.
I just tell people that I work on lightning network software. They either get it or they don't and will usually drop the subject if they don't.
Oh totally.
Wear a secp256k1 curve shirt.
That's hot
"I have a particular set of skills..."
"Have fun staying poor."
"Your money is broken."
"I know something that fixes this."
Last one is perfect!
Making any reference to The Times: ‘Chancellor on the Brink of Second Bailout for Banks’ article.
Good one
"I don't use banking services anymore."
Oh, inflation is at 10%? I hope it'll keep going up.
/s
Doesn't identify you as Bitcoiner. A lot of people with stocks, real estate, own businesses, debt profit from inflation.
Maybe you're unfamiliar with it if you come from a lower class background. But where I come from a lot people have this attitude towards inflation.
Nobody profits from inflation except the fiat cantillionare class.
In purchasing power terms the best you can hope for is to MATCH inflation, ie:
Smart delivery drone company grows in value 5% in absolute terms- which means as an investor you need the stock to track 10-15% higher to keep up with inflation and reflect growth.
It would be better to have sound money and your stock goes up 5%
First of all: what's up with the communist vocabulary?
Second: Are you aware how low the amount of assets is to have more increase in their value than the decrease in value of your income/fiat savings? Since you're presumably a Bitcoiner there is a good chance you're one of them
Nice attempt at identity politics there.
CLASS isn't "communist vocabulary" it's a word that describes groups of people in social structure. In this case: I used it to describe the absolute PARASITE bankers and politicians who steal our economic value through inflation.
And if I'm understanding your question correctly-
You are completely ignorant to the true nature of inflation.
The "low the amount of assets" is more than 100% of your assets. There is no escape from inflation while valuing your assets in the inflating currency.
Here is US stock market data since 1915 (2 years after FED act)
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Start value in 1915: 1,681
End value in 2023: 35,559
Here is the inflation of your precious US dollar:
https://www.usinflationcalculator.com/
In 1915 you purchase an item for $1, then in 2023 that same item would cost $30.27
Inflation 2,926% > 2,015% stocks
I just noticed in your earlier comment you said: "Maybe you're unfamiliar with it if you come from a lower class background."
-yet you are arguing that somehow you are "profiting from inflation" if you own some stocks or real estate..... so who's the communist here exactly?
Ohhhh this one is wild hahaha
Oh, I wish I knew... because it's happened a number of times that people just ask me about bitcoin w/o me ever mentioning bitcoin to them. I've never brought up bitcoin with anyone w/o them expressing an interest first.
These are obviously all people that know me, but not necessarily each other. And they often end up becoming Bitcoiners themselves.
When I ask them why they think I would know anything about bitcoin, the usual response is something like: "I don't know. You just seem like the kind of guy that would know about bitcoin."
Lol exactly
Start trashing fiat currency.
Tell them you're considering moving to El Salvador.
You listen to the 'what is money' podcast.
You're reading a copy of 'the Bitcoin standard' when they meet you.
Most people have no clue about El Salvador. They are opposed with whatever's on social media today.
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100%
Hand them one of those little usb thingies that cold card gives you when you buy a wallet from them.
If you use the words: FIAT, decentralization, limited supply, store of value, etc. "They" will known.
Yes
“What would happen if we lowered our time preference?”
"Mandibles."
Tell them about running ASiCs using excess solar panel power gen.
I collect orange tulips. Also a big Corn fan.
Haha
Eat meat & lift?