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153 sats \ 6 replies \ @Scoresby 11 Aug \ on: The (literal) gift of hard money econ
It does look cool. It does make you wonder if we will have any tangible things to pass on to the generations that follow us. I'm not sure whether things from the early 20th century feel so much more quality simply because they are old or if there really was some difference that we've lost. Even "nice" modern things don't have the same weightiness.
(I know we all expect to pass on a few satoshis to our descendants, but that's not exactly something you can hold in your hand...)
Apparently, in the UK, gold coins are things arent subject to inheritance, so that could still be viable, plus it's a history thing too.
i know what you mean, though, most things aren't made to last.
i will make sure the kids inherit old lego sets tho, they hold their value #868604 and still look cool
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Oh man! I missed that post! It's excellent. My kids are right in the Lego years and you are totally right: they're pretty quality toys.
It does bring up an interesting thing point about inflation adjusted prices, though. It seems to me the sets you used as your examples are equivalent to sets that cost more than $120 these days.
I experience this phenomenon every time I hear about inflation a adjusted prices: they always seem startlingly low to me.
This kind of gets to the distinction you made in this post about the gold coin. "75GBP in today's money, but trades for 400-500 on eBay." I realize that there may be a collector's premium, but i wonder why is it that inflation adjusted pricing seems so much lower than the prices I feel like I experience day to day.
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LEGO is great and pretty timeless. I would keep all the sets and then let the grandkids play with them, plus they have all the cool tie-ins with IP like Starwars etc, that's always going to be good.
as for inflation pricing feeling lower, i think it's probably because the calculators use official cpi and other indicators that are a bit of a scam, that and certain things will have regional price fluctuations. we all know inflation is always way worse than the offical numbers
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I continue to think that we’re going to need tangible specie as part of our monetary system. If there’s no way for bitcoin to do that, it’s a real problem.
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reminds me of Goldbacks https://www.goldback.com/. dont know if they could work, they do look cool tho, and goldbugs are divided on whether they love or hate them
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They're neat, but I don't think competing currencies are stable.
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