Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
OrientA
on 17/09/2014, 18:05:56 UTC
lol... you are drinking the koolaid if you believe this. You are using the incorrect CPI algo here. Try adding in the inflation from what some would call important resources like food and fuel to get a more accurate level of 5-8% in the US. An inflation level held "low" by the US taxing the rest of the world because it remains the reserve currency in most trade. Once the reserve currency market share starts to drop further I will guarantee you will see those inflation stats of 5-8% grow.
The goods in US are subsidised by the rest of the world because US dollar is a reserve currency.