How does it feel to be involved with technology to such a degree so as to be reading and commenting on hacker news and yet you entirely missed any opportunity so far with Bitcoin ?
CPI is a cooked up government statistic, used in contracts and agreements (including social security) that unconditionally favors the governments position. For example it does not include energy or housing costs.
They also add and remove items from the CPI index, to remove ones that inflate and add ones such as consumer electronics that deflate.
Check out the chapwood index or a different unbiased inflation metric.
The 'ponzi scheme' argument reeks of desperation when entire generations of Americans are going to witness the greatest ponzi scheme of all time, state sponsored social security, collapse.
Hey! look at this (maybe a) truck far off in the distance that might hit you while a different truck is 5 feet away from hitting you from behind.
Don't be flippant - both sides of the political spectrum work together under the facade of opposing sides. Now Trump just pulled a pied piper and led these people into the capital with which both sides will now try to use this manufactured situation to consolidate power.
How is it that everyone here is all about game theory except when it matters ? And yes, America is in distress.
speaking of jumping the shark, have you seen what governments have been up to lately ?
interest rates at a 5,000 year low, moral hazard abound & global fiat collapse imminent in the best case and in the worst case we have banks/elites/governments who are going to be looking to further enslave those in debt and forced out of business/work with some dystopian debt forgiveness scheme involving a 'vaccine' schedule and travel restrictions or whatever else (use your imagination).
the truth is that everything mentioned in these comments was an argument that had already been had years ago - the markets reflect that - but i did enjoy reading the last sentence of your original comment and thinking to myself "am I reading Time Magazine ?"
And there is the hint to the rational mind that you ought to take notice of the sector.
Why is the status quo 'elephant' saying anything at all about the crypto 'ant' ?