A type of inflation that is never considered is inflation in variety of goods and services as well as lower depreciation times of goods. Ex: Rotary dial phones, you would get one and didn’t have to change it for long years. They would also cost under 5% of current smart phones. New devices depreciate in battery, technology and etc. Similarly with household goods such as refrigerators etc, they used to have copper wires wrapped around their motors. Nowadays aluminum wiring is used and it’s life cycle is much lower. So you need to change your household goods which are under the category of ‘durable’ goods much more frequently.

Shipped my machine today. First of its kind, no single person used a machine for this process before, aka there is no second best :)

Cantillonaires vs non-cantillonaires Productive ones will win.

#wtfhappennedin1971

Brrrr #bitcoin cookie cutters

GM. Having some V60 brewed Ethiopia beans this morning. #coffeechain

Fiat and depreciation of purchasing power led to this. Similar in Turkey. Rent is ridiculous, life is expensive, minimum wage is around $420 (a minimum wage earner can only buy 43 Big Macs a month in McDonalds Turkey) and 40+% earn minimum wage. People are not incentivized to work to build up their lives. They are incentivized to waste time. As 1 Bitcoin = 1 Bitcoin more and more people who are working and productive will start to save in #bitcoin. And the rest can live with their parents and collect their UBI’s. View quoted note →

Happy #wtf1971 day.

GM

Deploy the sats fairies 🧚 View quoted note →

Hoşgeldin @Bahadır #turkce

Who can guess what this plant is? It wasn’t planted, popped up’ #growstr

Lets teach her Satsfairy. View quoted note →

One of the few cool things I saw on twitter recently. This guy literally summed up post 2000 with a song.

GM nostriches. Sunrise looks pretty today with the rays of light.

I get my news from common folk/business’s and it is much higher signal than any ad-driven clickbaity bullshit mainstream media.

Turkey is breaking bad. I deal with steel pipe suppliers, yesterday found out that 2 of the companies that I previously worked with are closed. Couldn’t reach to a third one. Today was at two different factories and both of them told us that they are facing huge issues regarding collecting payments. Turkey was at an ultra loose monetary policy up until end of May 2023 aka the last elections. Monetary policy got tightened and tax increases started to happen literally a week after the elections. With 2 months of monetary tightening and credit crunch, companies started to fail and I bet it will get much worse until Turkey starts begging to IMF or Brics for money. And of course it will only get worse after getting more debt to pay debt. Understanding #bitcoin will be important.

Friend’s place. I think he should charge proof of work in sats.