Why Nostr? What is Njump?
2024-06-29 15:21:09
in reply to

TechNomad on Nostr: It's interesting when hyperinflation hits, in Weimar Germany for example, people ...

It's interesting when hyperinflation hits, in Weimar Germany for example, people still used the currency as a value gauge. So they'd always say "food is getting more expensive" or "the Dollar is going up". They never thought in terms of "the Mark is going down".

In the US I see the same thing all the time, but I think it's only because I know to look for it...

At some point, the dollar becomes a worse gague of value than Bitcoin itself vs anything else. The best valuation of Bitcoin is probably vs gold.
Author Public Key
npub1m6nl44pn950nskkrwumq0xsjpk5gg4lj4qf9fzxheqsy947at83s0zc9ql