Oddbean new post about login | logout Do you have an example(s) when viewed through another lens that makes it simple to digest?
If you measure in Bitcoin, all prices fall forever as prices fall to the marginal cost of production in the free market. We only use things that give us more value. The market + technology compete to do so - and prices fall as a result.
Sort of. To a degree. Of course, once we have a measuring stick whose length isn't being changed every 5 minutes we'll have access to better quality information. Sometimes prices will rise, as extraction challenges or manafacturing challenges, or sheer demand rise. That's the info that producers and customers need to make choices. Generally the prices will fall as we get more productive, but not exclusively.