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From the whitepaper: > We propose using the world’s vast data access, blockchain technology, and the enormous potential of decentralized systems and organizati

From the whitepaper: > We propose using the world’s vast data access, blockchain technology, and the enormous potential of decentralized systems and organizations to provide a developer solution to the inflation problem. > Truflation is the first true US inflation index based on the independent data sources and metrics created by developers and crypto investors for developers and the crypto community. > The US Truflation Index is available online, on-chain, via a Chainlink Oracle API for all the crypto products and projects that want to correct for the actual US inflation. The Truflation feed also provides daily updates as opposed to the monthly metrics reported by the US government. Truflation also allows transparent access to our underlying data and calculation methods. It would be nice to get access to a small sample of the data points they're pulling, it's not immediately clear to me from their methodology what the data looks like or where the data is from.

galago 4y ago
Yeah, if anyone can find any information about the source of the data that would be useful. They can say they're transparent over and over again, but that doesn't necessarily make it so. Also, if they're selling their information as a commercial service, their bias has to be taken into account as well.
- latchkey 4y ago
  It is on-chain, there is no fee to use it. It was funded by winning a $100k grant from Chainlink. https://whitepaper.truflation.com/background/what-is-truflation https://whitepaper.truflation.com/background/what-is-truflat...
dragonwriter 4y ago
> “data sources and metrics created by developers and crypto investors” I... if I had to name groups of people I would not trust to build data sources and metrics for broad economic measures, “developers” and “crypto investors” would both be very close to the top.
- latchkey 4y ago
  Seriously, why disparage people like that? I know some insanely talented developers who work in the crypto industry. Comments like this seem really against the spirit of HN. Reminder: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - californical 4y ago
    They may be talented developers, but I don’t see what that has anything to do with their ability to understand complex economic systems. Entirely different skillsets. But people in crypto tend to think they understand economics better than economists, so I think that the criticism of the article’s methodology is fair

galago 4y ago

Yeah, if anyone can find any information about the source of the data that would be useful. They can say they're transparent over and over again, but that doesn't necessarily make it so. Also, if they're selling their information as a commercial service, their bias has to be taken into account as well.

latchkey 4y ago
It is on-chain, there is no fee to use it. It was funded by winning a $100k grant from Chainlink. https://whitepaper.truflation.com/background/what-is-truflation https://whitepaper.truflation.com/background/what-is-truflat...

dragonwriter 4y ago

> “data sources and metrics created by developers and crypto investors” I... if I had to name groups of people I would not trust to build data sources and metrics for broad economic measures, “developers” and “crypto investors” would both be very close to the top.

latchkey 4y ago
Seriously, why disparage people like that? I know some insanely talented developers who work in the crypto industry. Comments like this seem really against the spirit of HN. Reminder: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- californical 4y ago
  They may be talented developers, but I don’t see what that has anything to do with their ability to understand complex economic systems. Entirely different skillsets. But people in crypto tend to think they understand economics better than economists, so I think that the criticism of the article’s methodology is fair