Oddbean new post about | logout
 Deflation is the natural state of the free market. 
And only #Bitcoin can measure it. 
 Nice word soup 
 Deflation is key to abundance. 
 Do we need to caveat “free market” to rational cooperative actors though? Cheaters, moochers, and psychopaths don’t seem to care about anyone’s long term wellbeing. 
 They care about their own well being, though, and would they really be able to be irrational for any amount of time on a free market built on bitcoin? 
 It’s why it’s so important. Those people only do well in the existing system designed for them.  Essentially stealing the productivity that should be flowing to society in the form of lower prices. 
#Bitcoin is a change of system that rewards productivity, integrity and long term thinking. 
Look at a long list of people who try their fiat games on #Bitcoin and I’ll show you a long list of people who get absolutely destroyed. 
 Bitcoin is an avenging angel. 
 And we will see that impact as the price of everyday necessities (not a cell phone, a latte, ect...) gets out of reach for people who don't hold Bitcoin. Would you say that is an accurate statement Jeff? 
 Yes - which will drive more adoption and a greater network effect bringing more value for all because more people will realize that it is their existing currency debasing - and then connect the dots to everything else. 
 🤙 
 Incentives! Some of my school district management pulled me, unexpectedly on a Monday morning, into a meeting and pointedly asked me to give them a "wow factor" idea of how to spend a large sum of $ on technology. 

I took a deep breath and hard pause... and then essentially pitched Bitcoin mining and heat waste recovery. They all took notes and discussed.

Out of body moment.

Found out later there's a corporate donor/tax write down wanting to also create some good PR for themselves. So looks like STEM high performance computers and 3D printers will be the end result. BUT still got to directly pitch the idea to all the decision makers. Raised eyebrows around.

So, regardless, am going to heat my classroom via reknewable energy s9 miners this winter and be loud n proud about it. ✅️🌿

Deflationary decentralized assets powerfully incentivize! ⚡️🤙😁

 
 Every market should act like the television market and get better, cheaper. 
 I am a fan of brevity.  Our most successful brands often have simple, powerful slogans - "Just Do It".  Your two sentences fall into that category IMO. Thanks.
 
 Ok.. #Bitcoin serves as a reliable indicator of deflation in the free market. Being the premier commodity, it offers a useful benchmark for gauging deflationary trends. Now, if you're not a proponent of Bitcoin, you might resort to using traditional commodity prices as a proxy for measuring deflation. Fluctuations in the costs of goods like oil, gold, and agricultural produce can indeed suggest inflationary or deflationary pressures underway. A drop in these commodity prices may point towards deflation, whereas an increase could signal inflation. 
 🙌 
 This!! 
 Does deflation also depend on population growth?