Time and inflation share a relationship.
Due to inflation a 1945 dollar had more spending power back then than it does now.
https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/
What is "spending power" in the context of time and inflation.
From this angle US looks worthless compared to when we were cowboys 🤠⭐
you get what I'm saying?
#cryptoquestions #questions #moneyquestions #money #crypto #spendingpower #inflation
If the "marketcap" of markets like Gold, Dow Jones and stock market goes up and is based on "USD value" but the spending power goes down what is the true value we are looking at? #debased
"consider the source" - @cryptolitic
What is money?
What is inflation?
What is Spending Power?
What is relativity?
Lets add more questions and see if anyone can answer them?
#cryptoquestions #spendingpower
Orange Vertical line marks the end of WWII
How do we calculate or come up with a relative formula between (time + inflation + spending power)?
Lets leave the question and answer it from different reference points to draw more relativity.
If I was holding the same $1 dollar from 1695 in this current space and time it would be worth: $76.55
1:76.55 Spending difference.
If we draw 2 points between 1695 and 1960
77.55 : 8.79
8.8225 : 1
Money is #worthless
Get physical Assets and Crypto
remember its never finical advice when we talking about Crypto Culture 🔥
even with the instructions we are given we read the source code before executing anything.
Do your own research, ask questions, find logic and reason before acting.
Less Media, more research, more Crypto
Once we scale into #build2022 and there will probably be some red tape we should make that very clear, do your own research before acting out on any advice, hype or excitement.
I ❤️your HYPE!!!
Throw more logs on the bon fire, its kinda funny this thing called Money.
We chase after it day and night, we put it between our thoughts and relationships, we put it between the things of real value, not too sure if money was always like this or what it has become but we should also talk about the change and evolution of money because money now is not what money in 1995 is now what it was in 1695.
So what are we doing and where are we going exactly and why aren't we taught these fundamentals within Grade 1 if so much of our lives rest on money? #cryptoquestions #cryptoculture #cryptoconflict
Life is almost getting started and still not too sure how money works, Crypto and the way are people are using and interacting with each other within Crypto Culture makes way more sense from this point of relativity, keen to start head in that direction.
Where's your relativity at?
We can twist these blocks into any shape, blockchain will become quantum like a rubick cube, its more linear like a train track at the moment, like those one track analog tapes can only play a blockchain forwards ▶️
What's your relative spending power within your community?
I'm flat broken but $1 is worth <<<<< because of all your guys
💪🏽💪🏽💪🏽💪🏽💪🏽
When start building communities value is worth more than money because we use money to get to value, if we can access the value directly and circulate it with some Crypto as placeholders it could be a very empowering process to everyone
20 people have fiber all in the same flat, why not get one bigger line pooled and echo hotspots, more community network logic
we going to start drawing more relative tools to help shift into a more relative way of logic.
Bitcoin Global Adoption being our first:
Worlds population and Unique Bitcoin wallets
World Population: 7,930,923,471
Unique Bitcoin Wallets: 81 663 000
Agree 100 percent 👍👍❤️
Bravo
We have the global population and global unique bitcoin wallets so the percentage % of people to bitcoin wallets.
= (Bitcoin Wallets / Worlds Population) * 100
= 1.02967832559%
Just over 1% Global adoption but we can also add points of relativity.
Are we considering the whole worlds population or just those that have access to devices and internet?
Maybe some of these Bitcoin wallets aren't unique as a single person can create multiple wallets and keys on different IP Addresses / internet connections.
Feel the adoption value considering global population is under 1%
considering only those with internet and devices we are over 1%
If you can think of any other cool relative tools we can build for @cryptolitic please mention them.
Shot peoples that is better than rain, nice to have feedback from audience, intention are to learn and share.
Keen on growing more shares for everyone 🐠🐠🐠🐠
According toe Statista.com
We have a global digital population of 4.15 Billion, so if we cap our worlds population at that.
Digital Population Bitcoin Adoption:
1.9673453526794737
We can pull all 3 of these API's into our website to keep track of
Bitcoin Relative Adoption
- Unique Wallets
https://www.blockchain.com/api
- Global Population
- Digital Population