Some topics are just too complex to be able to side 100% with one side or another.
Same goes for finding perfect solutions.
I say let Darwin play out and do not interfere.
THIS IS ABSOLUTELY HUGE! Wild times!
We're entering to the next phase of the game. One of the most important squares on the chessboard is no longer protected by the queen.
Time to castle.
#bitcoin is the King
So I did some math...
You can buy in my country brand new mid-class car for about $25000. You can also buy around 100 000 eggs for the same price.
1 car = 100k eggs.
In 1998 it would cost around $15000. But 191 000 eggs. ๐ฅ
This suggests that technological deflation in past 26 years measured using my patented highly accurate egg-technique is around 48%.
For mid/high end laptop which costs around $1800 it is equivalent to around 1000 loafs of bread. ๐
But again in 1998 it was 3600$ and around 5300 loafs of bread.
Technological deflation of laptops measured in loafs of bread in the past 26 years is staggering 81%.
Let's verify it!
I can buy 1 loaf of bread for the same price as 8 eggs. (๐ = 8๐ฅ)
In 1998, it was surprisingly similar! (๐=8.2๐ฅ)
Conclusion:
To measure technological deflation using egg-bread technique is not the most accurate. But it's funnily interesting.
Price of stuff remains very similar relative to each other. Some are cheaper thanks to technological advances.
Just our money ($ โฌ ยฅ ยฃ) are utterly useless crap to be used as a measuring stick.
Let's measure it in #bitcoin. We'll be living happier lives... ๐งก
