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The book "Price of Tomorrow" by Jeff Booth claims that prices of goods become cheaper in Bitcoin because technology creates deflation. This chart tests that claim with real data.
Panel 1 shows that technology has made cars slightly cheaper over 16 years. About 1.5x in real value. That’s the green line in Panel 2.
Panel 2 shows what actually happens when you price cars in Bitcoin. The price of a car from 2.1 million BTC in 2010 drops to 0.22 BTC in 2026. That’s a 10 million-fold decrease. The blue line.
The green line is almost flat. The blue line collapses. Technological deflation predicts a 1
BTC-0.10%
  • 1
The book "The Price of Tomorrow" by Jeff Booth claims that the price of goods becomes cheaper in Bitcoin because technology creates deflation. This chart tests that claim with real data.
Panel 1 shows that technology has made cars slightly cheaper over 16 years. About 1.5x in real value. That's the green line in Panel 2.
Panel 2 shows what actually happens when you price cars in Bitcoin. The price of a car from 2.1 million BTC in 2010 drops to 0.22 BTC in 2026. That's a 10 million-fold decrease. Blue line.
The green line is nearly flat. The blue line crashes. Technological deflation predicts a
BTC-0.10%
Today I am very happy because I made a profit from token $LTC . Hopefully, we all achieve satisfying results.
LTC+0.84%
  • 2
Gaskeun, hopefully this year will bring very high profits #OilPricesRise #GateSquareAprilPostingChallenge
GateUser-f29ec158
#GateGoldenTouch Ready to launch $BTC Don't miss the opportunity, JP boss
Gass gass
GT-0.90%
good
SebiiSb
Happy Tuesday.
End of March.
Some wins.
Some lessons.
But today is still part of your story.
Don’t waste it.
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Gate Exchange is the best in the world, number #1 . No one can compete with Gaet io. Keep growing and become a hub for crypto #gate #best #GateGoldenTouch