45 sats \ 5 replies \ @Undisciplined 7 Mar \ parent \ on: No, bitcoin didn't really hit an all-time high. Here's why econ
No, but that wasn't really my point. Even if the numbers were "correct" (whatever that would actually mean), it just doesn't make sense to adjust one side of an exchange rate for inflation.
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26 sats \ 4 replies \ @jeff 7 Mar
Oh, I totally get your point. I'm way past that, and agree. I was forking the thread. Just getting your take. :)
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26 sats \ 3 replies \ @Undisciplined 7 Mar
I might disagree that inflation adjustments make the number less relatable. It at least adjusts it in the right direction usually, right?
The problem is that it's used to gaslight people about how the economy is doing.
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26 sats \ 2 replies \ @BitcoinIsTheFuture OP 7 Mar
This!
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31 sats \ 1 reply \ @DiedOnTitan 7 Mar
"Gaslight" is the key word for this article, indeed.
There’s just one problem: Adjusted for inflation, Bitcoin is actually worth less than it was three years ago.
This sentence calls to mind one of Mark Twain's timeless quips, "There are lies, damn lies, and statistics."
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0 sats \ 0 replies \ @BitcoinIsTheFuture OP 7 Mar
Ha ha ha cold hard facts!
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