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0 pointsUncleMeat5y ago0 comments

That's obviously false, given that the price of steak is not up ten million fold or whatever over the last decade.

0 comments

Housing, health care and education are all massively inflated. The price of steak isn't a major expense in comparison.

Inflation as measured by the fed tracks a basket of stuff more like steak than housing. I’ve seen people instead measure how USD tracks against BTC though, which then does become tautologically correct that USD suffers massive “inflation”

UncleMeatOP5y ago

Even if inflation literally only tracked those things, it is still many orders of magnitude off BTC's growth.

solosoyokaze5y ago

People can follow the trend and see where it's going.

j / k navigate · click thread line to collapse

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solosoyokaze5y ago

Housing, health care and education are all massively inflated. The price of steak isn't a major expense in comparison.

chillacy5y ago

UncleMeatOP5y ago

Even if inflation literally only tracked those things, it is still many orders of magnitude off BTC's growth.

solosoyokaze5y ago

People can follow the trend and see where it's going.

j / k navigate · click thread line to collapse