Topic: ApplePay doesn't solve this. [US DOLLAR vs BITCOIN super simple visual] (Read 3981 times)
October 06, 2018, 12:16:48 AM
I spent a little time trying to make the bitcoin part accurate but I have not changed the USD part and I do not want to spend the time researching the accuracy of the conversion price versus what it will buy. We have just created a great image. I have updated the OP with the link to your image, as it's better. It's interesting when Photoshop blocks it. Looking forward to the 2015 version with jetski. And also share it with cryptome.me, a crypto-themed funny web site. These will be good signage.
September 22, 2018, 09:07:12 AM
Please get it, modify and reuse any way you like ... Technically, I was conservative as well as BTC pricing at $ 13usd in 2012, $ 100 in 2013 and $ 400usd in 2014. (with $ 250 in wine). I think you did very well! I'm glad you did. I liked it even more accurately now. Spread everywhere.
August 02, 2018, 03:57:24 PM
Not really deflation but 0.2*deflation + 0.8*speculation 
October 02, 2014, 09:47:41 PM
except there technically is pretty srs inflation for a while to start with for btc
True, but interestingly the inflation of the number of coins mined (even with this creation being greater at the beginning), is still having a generally uptrending price if you take it on a span of years. So the price is still deflating even though the supply is inflating. Tell that to the dollar.
Having a greater number of currency units does not necessarily mean that the purchasing power of each until will decrease (have inflation)
October 02, 2014, 02:31:17 PM
These would make seriously good billboards.
In timesquare. Imagine that! Full building digital ad with a qr to scan and everything! Theymos should pay for one with the forums stash!
That would be one hell of a contribution to spreading the awareness of Bitcoin
That's a badass idea, theymos shouldn't pay for it. The forum's funds stays here, we should do a crowd funding.
September 28, 2014, 07:50:00 PM
These would make seriously good billboards.
In timesquare. Imagine that! Full building digital ad with a qr to scan and everything! Theymos should pay for one with the forums stash!
That would be one hell of a contribution to spreading the awareness of Bitcoin
September 28, 2014, 11:13:42 AM
These would make seriously good billboards.
In timesquare. Imagine that! Full building digital ad with a qr to scan and everything! Theymos should pay for one with the forums stash!
September 28, 2014, 08:36:42 AM
Haha, yeah maybe prices only rose that much in government CPI fantasy world but in the real world where all the inflation hits things people need most like food, medical, and housing forget it.
You have to have not of shopped for groceries the past 5 years if you can't see the government numbers are full of shit. On top of that, food companies are slightly reducing the size of thing to augment the shock. Drop a couple ounces here and there....
I don't need shadow stats to tell me that the price of food has gone through the roof.
You have to have not of shopped for groceries the past 5 years if you can't see the government numbers are full of shit. On top of that, food companies are slightly reducing the size of thing to augment the shock. Drop a couple ounces here and there....
I don't need shadow stats to tell me that the price of food has gone through the roof.
September 28, 2014, 08:33:09 AM
These would make seriously good billboards.
If someone wants to pay for a billboard hit me up and I will remake this in super high resolution size within photoshop/GIMP to fit a Billboard.... technically, I think it would need 2 billboards, one after the other. It is indeed a very powerful message.
September 28, 2014, 08:29:33 AM
These would make seriously good billboards.
September 28, 2014, 07:43:27 AM
maybe ButtPay can solve all problems?
https://www.youtube.com/watch?list=UUip4CIpmM13NOAH-j9GiAzg&v=i7SNqmAPHXY
https://www.youtube.com/watch?list=UUip4CIpmM13NOAH-j9GiAzg&v=i7SNqmAPHXY
September 28, 2014, 07:04:24 AM
except there technically is pretty srs inflation for a while to start with for btc
Well, I prefer to cite what really did happen instead a hypothetical alternative reality where Bitcoin acted as an inflationary currency because no one adopted it during the first 5 years.
The truth is the dollar has lost 99.9998% against bitcoin in the last 5 years. That makes bitcoin a deflationary currency compared to all Fiat currencies and ultimately what the image describes.
When economists talk about "inflation" vs "deflation" it is in the context of how the currency is being valued against a COL or CPI, and has nothing to do with the fact that more "currency units" were being created which is almost always the case, anytime, and anywhere.
September 28, 2014, 02:37:45 AM
And also share it to cryptome.me, a Crypto currency themed humour site.
September 27, 2014, 11:33:25 PM
I love the photo, just tweeted it here: https://twitter.com/Lyth0s/status/516082372769361920/photo/1
September 27, 2014, 11:24:19 PM
except there technically is pretty srs inflation for a while to start with for btc
True, but interestingly the inflation of the number of coins mined (even with this creation being greater at the beginning), is still having a generally uptrending price if you take it on a span of years. So the price is still deflating even though the supply is inflating. Tell that to the dollar.
September 27, 2014, 11:15:51 PM
except there technically is pretty srs inflation for a while to start with for btc
September 27, 2014, 10:59:07 PM
Wow that's fascinating about Photoshop blocking it. I had no idea they built that in.
Looking forward to the 2015 version with the jetski
Looking forward to the 2015 version with the jetski
September 27, 2014, 08:25:08 PM
I like it, inBitweTrust! I think you did great! I spent a little time trying to make the bitcoin part accurate but I didn't change the USD part and I didn't want to spend the time researching the accuracy of the price conversion compared to what it would buy. I'm glad you did.
One interesting factoid when creating this image is that when updating the 20 dollar bills to reflect the accurate time periods I was incapable of opening any version of the new version of the twenty in photoshop no matter what format, filename , or resolution, or even if I removed any digital watermark. I was able to pull up the image in GIMP just fine but seems like the newest version of photoshop uses OCR/Image analysis to block the image from being worked upon.
A popup appears suggesting that photoshop doesn't allow editing banknotes and directs me to this page:
http://www.rulesforuse.org/pub/index.php?lang=en
In 2015 when we have a new bubble we will have to update the image again.... unfortunately, we may have to squeeze a jetski behind the shopping cart...
September 27, 2014, 08:05:51 PM
I like it, inBitweTrust! I think you did great! I spent a little time trying to make the bitcoin part accurate but I didn't change the USD part and I didn't want to spend the time researching the accuracy of the price conversion compared to what it would buy. I'm glad you did.
We just collectively created a very awesome image. I like that it's even more accurate now.
I updated the OP with the link to your image, as it's better.
Let's spread it everywhere.
We just collectively created a very awesome image. I like that it's even more accurate now.
I updated the OP with the link to your image, as it's better.
Let's spread it everywhere.
September 27, 2014, 07:36:35 PM
Yes, I think it gets the point across. We can get all technical on it but it's just to show something visually. I think people really GET this picture.
Feel free to spread it and share it wherever you want. I had good results on my FB page.
Feel free to spread it and share it wherever you want. I had good results on my FB page.
Great Idea overall, congrats sir. I took your image , did some research and made some adjustments. Here is a 100% accurate version that no one can dispute. Feel free to take it, modify , and reuse any which way you prefer...
I know its a bit anal retentive , but when distributing this image you don't want to give any ammunition or excuse for our detractors despite the original principle being sound.
Technically, I was being conservative as well valuing BTC at 13usd in 2012, 100usd in 2013, and 400usd in 2014(with 250 dollars in liquor)
Over the last 5 years the dollar has lost 99.998% against bitcoin.
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