Hey LynAlden (nprofile…3tqm). Can I ask for help with something please? I'm not very versed in economics but I noticed this in Michael Saylor's presentation and I was wondering if I'm right or if I'm missing something:
So according to saylor, if you have 6.5 coins (or whatever amount) would could potentially have a crazy amount or Dollars in 20 years.
But my problem here is that - the reason why you may have millions in 20 years because the dollar is worth less (inflation) than 20y ago. In other words, it's the same bitcoin value, but the dollar just isn't worth shit and you need 1 million to buy milk.
So, when he says you will be "wealthy" that's not really true.
This insistence is measuring the value of bitcoin in dollars seems futile in the long run. It seems to me we should perhaps use gold as it's depreciation is far more stable and maybe say 1btc = 20 gold coins and in 20 years 1btc = 23 gold coins.
Does any of this make sense? Sorry for the long paragraph. I really appreciate you patience to read it.
ThyLobster
npub1ce…xcg7j
2024-07-30 06:27:12
in reply to nevent1q…wqtf
Author Public Key
npub1cewskadgfwluq34eemwqeuyc5zqkhqadysqyaj9mjv2t4gtcwkxqvxcg7jPublished at
2024-07-30 06:27:12Event JSON
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"content": "Hey nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm. Can I ask for help with something please? I'm not very versed in economics but I noticed this in Michael Saylor's presentation and I was wondering if I'm right or if I'm missing something:\n\nSo according to saylor, if you have 6.5 coins (or whatever amount) would could potentially have a crazy amount or Dollars in 20 years.\n\nBut my problem here is that - the reason why you may have millions in 20 years because the dollar is worth less (inflation) than 20y ago. In other words, it's the same bitcoin value, but the dollar just isn't worth shit and you need 1 million to buy milk. \n\nSo, when he says you will be \"wealthy\" that's not really true. \nThis insistence is measuring the value of bitcoin in dollars seems futile in the long run. It seems to me we should perhaps use gold as it's depreciation is far more stable and maybe say 1btc = 20 gold coins and in 20 years 1btc = 23 gold coins. \n\nDoes any of this make sense? Sorry for the long paragraph. I really appreciate you patience to read it. ",
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