For a long time, gold bugs were referencing the above image. In the last decade, they were joined by crypto evangelists. The presented loss of purchasing power is a foundational narrative to recommend alternative stores of value. Despite being factually correct, it misses a boat in what really matters. It's a manipulation by omission.
In an economy, labor sells its skills for money, to trade them for all the things it needs and wants. The money is an abstraction. Goods and services we buy are not. Our well-being, and our standards of living, in a materialistic sense, depend not on how many dollars it takes to buy X, but on how many hours of labor it takes to buy X. Dollars are just an exchange medium.
Additionally, these images don't show the variety of goods and services created over time. We have improvements in medicine, computers, the internet, better housing, airplanes, the list goes on and on. The average folk can buy more today than in the past with fewer hours of labor. Most of these things didn't even exist back then.
That's the true measure of progress and standards of living. Don't be fooled! Don't confuse money and wealth.
For a long time, gold bugs were referencing the above image. In the last decade, they were joined by crypto evangelists. The presented loss of purchasing power is a foundational narrative to recommend alternative stores of value. Despite being factually correct, it misses a boat in what really matters. It's a manipulation by omission.
In an economy, labor sells its skills for money, to trade them for all the things it needs and wants. The money is an abstraction. Goods and services we buy are not. Our well-being, and our standards of living, in a materialistic sense, depend not on how many dollars it takes to buy X, but on how many hours of labor it takes to buy X. Dollars are just an exchange medium.
Additionally, these images don't show the variety of goods and services created over time. We have improvements in medicine, computers, the internet, better housing, airplanes, the list goes on and on. The average folk can buy more today than in the past with fewer hours of labor. Most of these things didn't even exist back then.
That's the true measure of progress and standards of living. Don't be fooled! Don't confuse money and wealth.
Individual messages can be fully encrypted. But the user has to turn on that function. It's not automatic, as it is on Signal and WhatsApp. During the operations, Sebi officials seized various records and documents, including 34 mobile phones, six laptops, four desktops, four tablets, two hard drive disks and one pen drive from the custody of these persons. Oh no. There’s a certain degree of myth-making around what exactly went on, so take everything that follows lightly. Telegram was originally launched as a side project by the Durov brothers, with Nikolai handling the coding and Pavel as CEO, while both were at VK. Telegram has gained a reputation as the “secure” communications app in the post-Soviet states, but whenever you make choices about your digital security, it’s important to start by asking yourself, “What exactly am I securing? And who am I securing it from?” These questions should inform your decisions about whether you are using the right tool or platform for your digital security needs. Telegram is certainly not the most secure messaging app on the market right now. Its security model requires users to place a great deal of trust in Telegram’s ability to protect user data. For some users, this may be good enough for now. For others, it may be wiser to move to a different platform for certain kinds of high-risk communications. A Russian Telegram channel with over 700,000 followers is spreading disinformation about Russia's invasion of Ukraine under the guise of providing "objective information" and fact-checking fake news. Its influence extends beyond the platform, with major Russian publications, government officials, and journalists citing the page's posts.
from sg
