jelani_t's comments

jelani_t | 2 years ago | on: Most Bitcoin Inscriptions belong to a single person

I like the tech. I even paid for my coffee with the Lightning network in El Salvador and went to BTC Miami. The things I'm still not sure about are:

1. When will the value become relatively stable? This flies in the face of the store of value argument.

2. How is Monero-like fungibility going to be added? Good cash needs to be fungible.

jelani_t | 2 years ago | on: Texas moves to create gold-backed digital currency

So because someone has a different worldview, you're gonna call them stupid? Cool. In the meantime, look how much purchasing power your dollar has lost since 1971. In your first point, you're also only taking into account the government-reported inflation. Go to your local grocery store and run the numbers yourself and you'll get a much higher number. After a certain percentage, inflation just becomes a tax unless you have it sitting in assets.

And I don't understand your second point either. Your savings have most definitely been undermined. Your nominal wages might be up, but your purchasing power is way down since after the stimmys. To calculate the difference, compare how many hours you'd have to have worked in the past to how many hours you'd have to work now to achieve the same standard of living.

Maybe cut out the pretentiousness and dismissiveness and listen to what people who are generally concerned about you and your purchasing power are saying.

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