Judging from our twitter feed the past couple of days of #bitcoin price action, some of you have obviously not read The Price of Tomorrow or listen to @JeffBooth podcasts like AT ALL
and
it
shows.
😤😤😤
Time for a thread 🧵👇
1/
and
it
shows.
😤😤😤
Time for a thread 🧵👇
1/
2/
WTF is deflation?
It's when goods and services go down in price versus your money?
Is that a bad thing?
No... normally... wait what???🧐🧐
WTF is deflation?
It's when goods and services go down in price versus your money?
Is that a bad thing?
No... normally... wait what???🧐🧐
3/
Correct. Deflation is good thing. In deflation, which is the NATURAL ORDER OF AN ADVANCING SOCIETY, people would save more money (because their cost basis for things they want and need is lower).
But that's just first order effect, what's more...
Correct. Deflation is good thing. In deflation, which is the NATURAL ORDER OF AN ADVANCING SOCIETY, people would save more money (because their cost basis for things they want and need is lower).
But that's just first order effect, what's more...
4/
With more money, you can save more. And if you had more savings, if you see an opportunity, you would buy. It's
that
simple.
Inflation on the other hand is the opposite...
With more money, you can save more. And if you had more savings, if you see an opportunity, you would buy. It's
that
simple.
Inflation on the other hand is the opposite...
5/
your money is worth less in real terms because the goods and services you want are always going up in price.
Let's translate.
So what your central banker du jour is saying when they state, "we have these inflation targets..." is 'we're trying to destroy your purchasing power'
your money is worth less in real terms because the goods and services you want are always going up in price.
Let's translate.
So what your central banker du jour is saying when they state, "we have these inflation targets..." is 'we're trying to destroy your purchasing power'
6/
With out CBs, inflation rate would be NEGATIVE.
As technology advances, we can produce more with less.
Freeing up our time.
Giving us better goods and services cheaper and more abundantly.
Inflation is
the⚠️
exact ⚠️
opposite⚠️
So WTF does this have to do with #Bitcoin ?
With out CBs, inflation rate would be NEGATIVE.
As technology advances, we can produce more with less.
Freeing up our time.
Giving us better goods and services cheaper and more abundantly.
Inflation is
the⚠️
exact ⚠️
opposite⚠️
So WTF does this have to do with #Bitcoin ?
7/
#Bitcoin is the ONLY thing that allows A MORE CIVILIZED SOCIETY to occur through deflation.
Fiat money is the exact opposite.
Gold is inflationary.
Silver is more inflationary.
No other suitable money exists to let THE FRIGGIN NATURAL ORDER OF THE WORLD to run its course
#Bitcoin is the ONLY thing that allows A MORE CIVILIZED SOCIETY to occur through deflation.
Fiat money is the exact opposite.
Gold is inflationary.
Silver is more inflationary.
No other suitable money exists to let THE FRIGGIN NATURAL ORDER OF THE WORLD to run its course
8/
Yet with #BitcoinCrash trending and some of y'all panicking and thinking about exiting #Bitcoin to "try to buy back in later"🤡🤡🤡🤡🤡
you're failing to realize EXACTLY WHAT IT IS YOU OWN.
Bitcoin is
THE 👏
ONLY👏
exit from the failing monetary system of the WORLD.
Yet with #BitcoinCrash trending and some of y'all panicking and thinking about exiting #Bitcoin to "try to buy back in later"🤡🤡🤡🤡🤡
you're failing to realize EXACTLY WHAT IT IS YOU OWN.
Bitcoin is
THE 👏
ONLY👏
exit from the failing monetary system of the WORLD.
9/
Learn #math
You don't sell your INSURANCE right before the VERY THING YOU'RE INSURING AGAINST is about to go belly up.
follow @FossGregfoss for more tips like this.
Learn #math
You don't sell your INSURANCE right before the VERY THING YOU'RE INSURING AGAINST is about to go belly up.
follow @FossGregfoss for more tips like this.
10/
Leaving you with this brilliant point from @JeffBooth on @WhatBitcoinDid Ep 235 with @PeterMcCormack
"In the last 20 years... there has been $185 TRILLION of new money created to produce $46T of economic gain... $4 for every $1 of growth."
🤯
DO YOU GET IT YET?
/end rant.
Leaving you with this brilliant point from @JeffBooth on @WhatBitcoinDid Ep 235 with @PeterMcCormack
"In the last 20 years... there has been $185 TRILLION of new money created to produce $46T of economic gain... $4 for every $1 of growth."
🤯
DO YOU GET IT YET?
/end rant.
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