Oddbean new post about | logout
▲ ▼
BankSith | 3 months ago (raw) | export | reply | flag +8 
 $10 -1899 Coronet. One of the most beautiful #gold coins. 🦅 

But how come the coin costs $1400 in today’s Dollars? What is wrong reported “average inflation”? 

Study #bitcoin 🧡 https://image.nostr.build/905d87296ca0db5806efc63e8e7db3ea204bf1380a9218e23bdab0d88d123119.jpg https://image.nostr.build/5dfe6fa12b5d42acd8caf4ea53b884a23ea0d89d9eb67f1ca962787e9e6b30f6.jpg
▲ ▼
Gigi | 3 months ago (raw) | root | parent | reply | flag +1 
 Gold inflates too.
▲ ▼
Stu | 3 months ago (raw) | root | parent | reply | flag 
 I guess that's where we get this idea that 2%pa inflation is acceptable.
But gold was the best we had before Bitcoin.
▲ ▼
HolySats | 3 months ago (raw) | root | parent | reply | flag +1 
 Reported inflation. I read somewhere that more accurate estimate is more like 7%. Can you calculate how will it fit?
▲ ▼
BankSith | 3 months ago (raw) | root | parent | reply | flag 
 Basically nonsense anyway. “Average” does not work as data points are totally asymmetrically distributed. 1913 Fed. 1971 Nixon. It is more like Harakiri. @LynAlden what are your thoughts on this?