This Time Different?
If cause and effect is not instantaneous, it means the more positive events are from good decisions made in the past.
For example, if you obtain knowledge today, you might be unable to use it immediately. But if you wait for time to pass, you will likely find the opportune time to use it.
In other words, when I was writing, I learned more than when I wasn't, so here I am writing again.
The first post should be a simple reminder of my focus and what motivated me to start @proofofwork69 in the first place: Bitcoin.
No, not ticker Bitcoin. Actual Bitcoin.
The inflation rate in the USA was much lower pre-covid. It never averaged above 3% in recent times until after covid, when it jumped to an average of 4.7, 8.0, and 4.6% in 2023 (so far).
BTC has never existed with this high of an inflation rate. Now that it is widely accepted, even amongst boomer institutions and billionaires, what will happen with these crazy inflation rates? Is this time different?
Well, the average inflation rate this bout is definitely different.
The next halving should reflect the higher inflation rates, imo.
Inflation rate data: https://www.rateinflation.com/inflation-rate/usa-historical-inflation-rate/
If the data isn’t accurate w.e it’s close enough and gets the point across.