/biz/ - Business & Finance

>>15809006
based
>weather app
>useless
fail

>>15807567
you're the brainlet.
backed by gold does not mean priced in gold.
If your wage is denominated in dollars the real value of your wage can be reduced without changing the nominal value of your wage in dollars.
If your wage is denominated in gold no one can change the value of your wage.

Pricing things in fiat
is like measuring a field with a yardstick that got shorter each year and believing the field was getting longer.
Is like going to a gym where they make the kilogram lighter every month and you believe you're getting stronger.
Is like your employer changing lengthening the definition of an hour so you stay at work longer each day believing you were ther for the same amount of time.

>>15783006
kys

>>15774060
muh subjective consumer price index that changes every year

>>15746068
>value per gram
bitcoin paper wallet
>efficient to store
bitcoin paper wallet
>relatively stable
relative to what?
>always rare
not as rare as bitcoin

the use of gold is that it is the measuring stick of value over time because all things' value change relative to golds over time

>>15521322
you lost 43% of your purchasing power if you held fiat from 1933-1934
you lost 85% of your purchasing power if you held fiat from 2000-2012

any agreements denominated in fiat also experience these loses eg your salary

>>15520522
the reality is so much worse than that

>>15506140

everything is fine. return to your cubicles.

because it is profitable for you to have data you know wasn't altered.

pic related