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You are deflecting to a problem of definition ;) Yes, you have the same amount but no it doesn't purchase as much as it did one year ago. Units of accounting o
by dmichulke 9y ago
You are deflecting to a problem of definition ;)
Yes, you have the same amount but no it doesn't purchase as much as it did one year ago. Units of accounting only make sense within a context of other units of account.
A dollar by itself is just a piece of paper if you cannot buy an amount of wheat, water or square meters with it.
And by that measure the dollar is losing value vs a bitcoin.
- csomar 9y agoSo? You just repeated what I said. My original comment was debunking the Bloomberg article. When you hold 1 Stock, at the end of the year you get a dividend. You divide the dividend by the stock to get the P/E ratio. That's not the same with USD or BTC. Its value fluctuates but it generates no income on its own.
- dmichulke 9y agoI think I misunderstood the intention for your first comment, probably by interpreting it in the context of another comment that was nearby but not related at all. Sorry