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Fiat stole our purchasing power. In 1971, the U.S. minimum wage was $1.60/hour. 40 hours = $64/week = 1.82 oz of gold. Today, to earn the same 1.82 oz of gold, the minimum wage would need to be $162/hour. That’s how much value has been stolen through inflation. 💡 #Bitcoin fixes this. View quoted note →

I now see the consequences everywhere I go, I can't stop thinking about what we've lost and it infuriates and depresses me.

Fiat is theft

Modern day slavery

It is called inflation (legalized theft)

Fun experiment: 1. Go back to when you first started to work. Look up how many ounces of gold you were earning per year. 2. Compare your current wage in ounces of gold. 3. 😭 View quoted note →

Almost everybody knows or feels that things are inflated. The problem will be worse if we get bad solutions like raising minimum wage. There is a lot of work to be done.

$337k per year salary equivalent 😳

Your arguments are as bad as your grammar