pull down to refresh
0 sats \ 0 replies \ @SpaceHodler 4h \ parent \ on: MONEY CLASS OF THE DAY: Money Illusion and Unit Bias, Bitcoiner style econ
Yes, prices do something and I wasn't implying coffee is going down-only against BTC.
But rather that it's going asymptotically to zero, and the particular 10x rise is very unlikely. The drawdowns are already limited to 80% or less. If coffee goes up by 10x, people will switch to tea or caffeine pills, because they will compare what else the price of coffee can buy. Very few will spend a week-long vacation's worth on a cup of coffee. And if everything goes up 10x against BTC while bitcoin is mainstream (and therefore less volatility is expected) then it's quite a shock and something serious must have happened. E.g
maybe someone has hacked Satoshi's wallet with quantum and sold the coins. But with BTC being mainstream, those coins would likely be scooped up quickly.