143. Macro Myths with Coinbits' Rowais Hanna
The Bitcoin Standard Podcast
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How Can You Measure Anything Without a Unit?
There is no such a thing as a util. There is no unit. What you're measuring is a circular reference. It's basically an invalid mathematical operation with our unit. And the increase the prices themselves are of course are rising because the value of the currencies declining. But here, this is where the gantion effect is important. Some people get the money first. So they get the money before the prices have risen. And so they go and spend that money at the old low prices and they benefit from it. And then the prices rise.
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