Cyber security PhD student at Royal Holloway, UofL. Researching the security threat and criminal use of #Bitcoin and cryptocurrencies. Former Royal Marine/NCA.
Dec 11, 2021 • 10 tweets • 3 min read
CPI and the like should be thrown out the window. All that matters is monetary supply inflation (MSI). These are the real figures to observe. A thread showing that:
Current MSI is: 14.73% (versus 6.8% CPI)
The Apr20-Mar21 MSI = 28%.
Avg monetary YoY inflation since 1967 = ~6%.
We know how many #Bitcoins there will be (21m), and we know the current total supply and the inflation rate (~1.77%).
But what about the same for the US dollar? Unsurprisingly, it gets very complicated: forbes.com/sites/stevehan…
Nov 2, 2021 • 26 tweets • 6 min read
Hi @duringo_ so I said I'd get back to you with some thoughts on Nash's Ideal Money paper...
Thanks for the recommend, I'll be referencing it in my PhD. I have a paper coming out in @TCSjournalSAGE titled, 'The Philosophy of Bitcoin and the Question of Money', and in it I argue, using the words of several great monetary thinkers, that there is a problem with state money.