Well said Logan.
I agree about the potentials for cultural innovation and revitalization on a Bitcoin standard. It's one of the most inspiring dimensions of hard money - when we no longer need to think about money and inflation and can focus on more important matters of culture.
I was curious some time ago to explore how much of our savings are lost due to inflation.
As I went ahead and wrote a short program, I found that at 2% yearly inflation and zero taxes, we experience a ~35% loss of purchasing power on our accumulated savings over a 45 year career.
Since we are aware that the CPI figures are politically cherrypicked and don't measure the actual cost of living, a ~7% yearly inflation will better matche the expansion of the money supply (M2) and the value increase of the stock market.
At 7% yearly inflation and zero taxes, we lose ~71% of purchasing power on savings over a 45 year career.
Add taxes and we lose more than 80% of our purchasing power on savings during a normal career.
Below are four different examples of cumulative inflation visualized on a year-by-year basis.
By showing the data I hope to visualize the problems of inflation with some additional clarity. When we have ~3% left of our savings from 45 years ago, we enter mindboggling territory of theft.
https://image.nostr.build/5d5a6d70d01d34df73297e4ae75196ce39a3f3a64560a1939ea7ea2f69880df2.jpg
https://image.nostr.build/1d81d64c1986bf407a521e0dcf9e088618a4df59df263292936efbad331c7c9a.jpg
https://image.nostr.build/0902852ae0f7e4977115bda795a64bc9075962e7c7701cd20596d6e9c9594972.jpg
https://image.nostr.build/29e105b5087f3106e6d507f77721cd326a57276beadf7529ce815821cf1f7207.jpg
#Inflation