31 sats \ 1 reply \ @antic 6 Dec 2023 \ on: I have to lower my prices because I price in bitcoin bitcoin
Welcome to the magic of deflationary economics! From now on, prices go down forever, which makes sense because it should get easier and less expensive to produce your warez as technology, delivery, and infrastructure all progress toward a better future.
Yes, if you look historically: In 1968 an oz of Gold was $35 and barrel of oil was $3. Therefore one oz bought you ~12 barrels of oil
Today 1 oz of Gold buys you ~30 barrels of oil - and largely this is a reflection of natural increase of technological efficiencies.
Think about that for a second....in 1968 you could've invested that $35 in a stock and perhaps even had better returns by now....or you could've just done nothing and put that gold coin in your sock drawer gotten >2 more oil now.
The single worst thing you could've done is to keep that $35 USD in a sock drawer as that would now only get you 1/2 barrel of oil (a 96% collapse).
(NOTE: Yes Gold is a relic. Yes its heavily manipulated. However it functions well enough as a deflationary asset to at least make this point)
reply