4 ms·

A goat or a sheep cost roughly the same in gold today as it cost 2000 years ago during the Roman Empire. Gold is the only “real money” in the sense that it is t

A goat or a sheep cost roughly the same in gold today as it cost 2000 years ago during the Roman Empire. Gold is the only “real money” in the sense that it is the only stable measure of the value of basic needs over centuries. https://chatgpt.com/share/696fb3e8-91d4-800a-9b2b-32eacdadebc5 https://chatgpt.com/share/696fb3e8-91d4-800a-9b2b-32eacdadeb...

spicyusername 9mo ago
First link to ChatGPT as a "source" that I've seen in the wild. Times they are a-changing. I can't say that anyone is going to find that very convincing, even if it's a compelling idea to consider gold inflation over the centuries.
- gamacodre 9mo ago
  Yeah, I saw that link and had a few thoughts immediately collide in my head: - Wait, WTF? Really?? - But but but it's a *chatbot*, not an authority - We're doomed
- duskwuff 9mo ago
  Unless there's something I'm missing, there isn't even a response at the link - just a question. (And if that was how the user posed the question, I'd be concerned that priming the chat with "is it true that..." biased the response towards "yes, it's true".)
RealityVoid 9mo ago
Ahh, yes, gold and the speed of light in a vacuum - the only real constants in the real universe.
tyuu 9mo ago
A goat costs exactly (not roughly) the same in goats today as it cost 2000 years ago. So by that measure a goat is the only stable measure of the value of basic needs over centuries.
- MengerSponge 9mo ago
  That's why new stablecoin is backed by goats: Capracoin
tdb7893 9mo ago
Goat production is overall much cheaper now so wouldn't we expect the "real" price to be less? That it tracks the price of goats and sheep makes me think it's not a particularly stable unit of value since I don't expect goat or sheep to be valued in a stable way, especially across millenia.

4 ms·

A goat or a sheep cost roughly the same in gold today as it cost 2000 years ago during the Roman Empire. Gold is the only “real money” in the sense that it is t

by znnajdla 9mo ago

spicyusername 9mo ago
First link to ChatGPT as a "source" that I've seen in the wild. Times they are a-changing. I can't say that anyone is going to find that very convincing, even if it's a compelling idea to consider gold inflation over the centuries.
- gamacodre 9mo ago
  Yeah, I saw that link and had a few thoughts immediately collide in my head: - Wait, WTF? Really?? - But but but it's a *chatbot*, not an authority - We're doomed
- duskwuff 9mo ago
  Unless there's something I'm missing, there isn't even a response at the link - just a question. (And if that was how the user posed the question, I'd be concerned that priming the chat with "is it true that..." biased the response towards "yes, it's true".)
RealityVoid 9mo ago
Ahh, yes, gold and the speed of light in a vacuum - the only real constants in the real universe.
tyuu 9mo ago
A goat costs exactly (not roughly) the same in goats today as it cost 2000 years ago. So by that measure a goat is the only stable measure of the value of basic needs over centuries.
- MengerSponge 9mo ago
  That's why new stablecoin is backed by goats: Capracoin
tdb7893 9mo ago
Goat production is overall much cheaper now so wouldn't we expect the "real" price to be less? That it tracks the price of goats and sheep makes me think it's not a particularly stable unit of value since I don't expect goat or sheep to be valued in a stable way, especially across millenia.