DrJeff on nostr

Three Monetary Truths:

Over time...

1. The US dollar (and other government fiat currencies) are DEPRECIATING stores of value.

2. Gold is a STABLE store of value.

3. Bitcoin is an APPRECIATING store of value.

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Singh · 57w

Frankly, that's all everyone needs to know

ala ⚡💜 · 57w

Gold is not as stable as some people imagine...

epsql · 57w

I still have some physical gold, I'd say almost symbolically at this point. Should one keep it in your opinion?

mandalorianhodl · 57w

in a nutshell, yes.

Tommy "The Purchase" · 57w

I broadly agree but I do think gold outperformed the actual rate of inflation (rather than the "official" one) in the last two decades, albeit not as much as bitcoin of course.

⚡₿it₿y₿it⚡ · 57w

No lies detected

TallBrian · 57w

So I should get a second job to make more dollars and then spend them as fast as I can on real things like a nicer car so maybe I can drive for uber between shifts?

Neo ⚡️ · 57w

I wouldn't say that gold is stable. Just inflates less than fiat.

Dr. Jeff · 57w

Regarding gold's stability over millennia, here is ChatGPT's response: https://blossom.primal.net/df54f05d2a5bdbae0f4cf657c4e464963aaab22b1597e4b778c38d4121012f06.png

Trivium · 57w

This is a great presentation from 2018. Even the most hardened bitcioners will learn something. https://m.youtube.com/watch?v=fjhLp8AHAYc

Caleb Gregory · 57w

I agree on all 3 fronts, Jeff! Bitcoin is such a protection from fiat. I feel incredibly thankful that I get to store my labor hours in something that holds up.

BitLo · 57w

Well said

Ben Ewing · 57w

When boomers write in CAPITALS it makes them feel MORE AUTHORITATIVE

bitcoinpoorguy 比特幣傢伙 · 57w

Few understand