Thread - Nostr Hypermedia

1984 1 month ago

I mean, even though there is inflation and people have used it in trade/medium of exchange. If you bought an ounce of gold in 1970 (37 USD), the price today for that ounce would be 4,353 USD. So, imagine people were still paid somewhere around 4 ounce of gold a day (as they used to be). People wouldn't live paycheck to paycheck anymore. The problem is that you have allowed criminals to control the USD.

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Kyma Fi kymafi@nostrcheck.me 1 month ago

Look at that cognitive dissonance here though. You are pricing the gold in a fake piece of paper. The increase is in fiat money. When the sale is made it goes back into THE PEICE OF PAPER. It doesn’t solve the inflation problem. It’s a zero sum game. A gold holder does “better” momentarily in the piece of paper at the paper holders expense.

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