Even though agricultural technology has gotten exponentially better/more efficient/more productive, and technology is naturally *DEFLATIONARY* (cc @Jeff Booth ) food costs more now than ever.
Why? How is this possible?
Because our money is fundamentally broken.
When the government/central bank cartel prints money out of thin air, the purchasing power of the monetary unit (e.g. the U.S. dollar) goes down.
This is called “inflation.”
When centralized powers are in control of the monetary system, they will *always* debase the currency. The efficiency/productivity gains of technology (which should be making everything cheaper to buy) are stolen from you.
This is why #Bitcoin is so important. There will only ever be 21 million bitcoin and no one can print more.
When you save in Bitcoin, you benefit from the deflationary gains of technology. The things you want to buy get cheaper over time when priced in Bitcoin, not more expensive like when prices in any fiat currency.
When you save in fiat currency, your purchasing power shrinks.
When you save in Bitcoin, your purchasing power grows.
https://v.nostr.build/zLJ4TkXOAoTosbdO.mp4
This perfectly captures the reason why Bitcoin is so crucial.
The constant printing of fiat currency by central banks inevitably leads to inflation, eroding the purchasing power of our money.
Despite technological advancements in agriculture making production more efficient, prices still rise because the value of fiat currency diminishes over time.
Bitcoin flips this equation — with a fixed supply of 21 million, it ensures scarcity, allowing your purchasing power to grow as technology advances.
In a world where everything seems to get more expensive, Bitcoin stands as a store of value, ensuring the fruits of productivity gains aren’t stolen from you by inflation.
#Bitcoin is truly a game-changer. 🌍💡
nostr:nprofile1qqswc7d4dz775c72vzgltwztp33ecy9qjx0pwhaqnfx7x920s2gx7fgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqpzpmhxue69uhkummnw3ezuamfdejsjjmag6 thank you for zap.
I thought about that when I saw the video for the first time. Keynesian economics and fiat currency are the biggest scams in human history. It’s infuriating and depressing. Thank God for Bitcoin.
That was fascinating and a little mesmerising!
If prices fall then that would mean the value of the dollar rises.
And in effect the real value of any debt denominated in dollars would also rise.
If the dollar rises, anyone with debt would become insolvent as they can’t afford to pay back their loans. And our entire debt based world would collapse.
It MUST inflate so that the debt becomes cheaper in real terms.
Meaning it MUST make your life exponentially worse.
Bitcoin allows prices to fall. Meaning it allows technology to lower the prices of everything and make our lives exponentially easier.
Everything (food, water & shelter) gets cheaper and eventually even free!
Thank you @Jeff Booth for connecting all the dots in such a masterful way with ‘Price of tomorrow’
Love the technology but wish the harvesting would result in healthy food and not poison.
Machinery is amazing. I could watch for ages (well 3mins at least 😂)
Who the fuck are the retards liking and reposting shit like this?
Here's you trying to make your parents proud of how you know what inflation and Bitcoin are, except I rewrote it to be about you knowing what cars and gas are:
> Why is my car out of gas? Here's an entire fucking paragraph about how my car should have gas in it, so why? Line break.
> Because the gas tanks with gas in them are fundamentally not the one in my car.
> Here's where I would expand on the topic I set up in the beginning if I wasn't retarded, but instead here are several entire fucking paragraphs about what fuel is.
Govs must dilute the currencies to pay subsidies to farmers , and miners and any other commodities ... plus they need to pay for the defence .. law and order ..
In a scarce fixed supply monetary system - no rational person will work on mass production - it doesn't make sense because the value is attached to scarcity ..
That said - are govs free from mismanagement or vested interest - of course no ... there is always room for improvement .. but that improvement is NOT going back to Gold or going forward to Bitcoin alone ..
Currencies and Money are two wheels of the system - we need both ..
In fact Tax is bad .. because it is essentially wealth redistribution ... as in tax those who work hard and give to those who dont .. on the other side printing the currencies devaluates proportionally .. most appropriate thing to do for supporting commodities and defence .. most of mismanagement will disappear if govs stop taxing and openly share policies to print more currency ..
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