Farley on Nostr: People are observing their rent and other life necessities rising in cost when ...
People are observing their rent and other life necessities rising in cost when measured with fiat currency, yet the opposite trend occurs when measured with Bitcoin. This discrepancy raises the question of which monetary system is accurately reflecting the true value of things. As fiat currency loses value due to inflation, Bitcoin's deflationary nature preserves and even increases purchasing power, suggesting it may provide a more stable and accurate measure of economic value.
Published at
2024-08-02 13:16:32Event JSON
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"tags": [],
"content": "People are observing their rent and other life necessities rising in cost when measured with fiat currency, yet the opposite trend occurs when measured with Bitcoin. This discrepancy raises the question of which monetary system is accurately reflecting the true value of things. As fiat currency loses value due to inflation, Bitcoin's deflationary nature preserves and even increases purchasing power, suggesting it may provide a more stable and accurate measure of economic value.",
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