Reddit Posts
Mentions
I read that as fiat is COLA spin.
This analysis assumes no new money and is selective truths to tell a narrative. The S&P 500 is 43 trillion, however, a couple months ago it was 35 trillion, and 1 year ago it was 32.1 trillion. Furthermore, the market cap of the S&P 500 in 2011 was 10.3 trillion. This analysis also doesn’t account for all the dead and lost bitcoin that cannot ever be withdrawn back into cash. I mean dead people with btc wallets and dudes that threw away their Hard drive containing their seed/keys. Also this guy doesn’t understand inflation. [With a COLA of 19.1](https://www.ssa.gov/oact/cola/colaseries.html) in the last two years, we could very easily see a $1m bitcoin just in terms of inflation within our lifetimes quite easily. This assumes two things: inflation continues, nobody breaks btc and it continues to be deflationary. Lastly, this argument doesn’t take into account that traditional market money is now in btc due to etfs. Lastly, Cause this is Reddit, it seems guaranteed that btc goes > $1m per coin
According to IT Jobs Watch the median salary for a UK software engineer is £62,500 ($78,750). After tax, that's about £46,000 ($58,500). By way of comparison, same job USA is $155,000 (before tax, salary+perks). I've traveled across the Pond a lot, and I would say that US/UK COLA is comparable, but standard of living is a lot higher in USA. (Things used to be even better back home in Canada, but then the WEF got into power and things went to shit.)
Depends on your COLA and fiscal responsibilities. If you live in thailans and you're about 50 years old with no real financial obligations, this would probably cover you.
That's awesome that you've stuck to it. I don't think EUR 1M is enough to retire unless you are in your late 60s, but your COLA definitely applies here. That said, if you have EUR 1M worth of BTC right now I'd say you should be in great condition assuming you stay in it as long as possible. Keep up the good work.
COLA doesn’t “insulate” when the rate is lower than the REAL RATES… the government is now saying inflation is 3.6% but it’s actually closer to 7% when you factor in housing, food, medical services, education etc… government massaged the numbers for their political benefits and some here are totally licking up these BS numbers.
And because government bureacrats and their parasitic welfare dependency pets receive automatic COLA increases every year so it insulates them. While we producers get shafted. As hard as the Venezuelan bread lines were on everybody, I have friends who tell stories of laughing their asses off at the confusion and panic of the bureaucratic class who wound up in the lines with them. They learned about inflation the hard way.
But what do you mean privacy? Like transactions not on a ledger of some sort? Like if I go down and buy some Coke-A-COLA with cash?
We all will have to agree where marketing is concerned Coke has the money to get the best the artists and creatives the world over. We can also suggest that thank fuck it’s not branded plastic YoYos. That will end up as waste like the products themselves bottles(plastics) specifically. The art will always be art and undoubtedly stunning well branded but the brand itself is dead to me. Fuck COCA-COLA. iMO
…you’re expecting governments to act in the best interest of the people and not line their own pockets? Not buy votes? Not increase COLA 10%? Your numbers are way too low friend.
I believe the next CPI will be a big fat CP LIE... and that will be great for Crypto. 1. Next CPI will determine the Cost of Living Allowance (COLA) increase for Social Security, Retired Military, Retired Federal Workers, and Disabled Veterans. Trillions of dollar new debt. 2. The US Gov has a bit of a debt crisis and a Large CPI again in Sept. will cause the gov. to go more in debt, that they cannot afford. When you are up to your neck in a cesspool of debt, it is great idea not to make waves.. 3. If the Sept CPI is LIE, and much lower than real inflation, it will prevent or slowdown rate hikes.
The big 2022 cost of living adjustment for social security benefits didn’t completely cover this year’s increase in inflation. The CPI-W rose 7.9 percent in 2021. Inflation has burned even hotter in 2022, jumping 8.9 percent in the 12 months ended in April and making the 5.9 percent Social Security COLA look small in comparison.
Look for any city or county level government jobs. Lots of stuff that doesn't need a degree. Lots more with unions, pay grids for raises, COLA adjustments yearly, paid or stipend insurance, etc. In my county Janitors start at $17, corrections at $23, highway dept at $18-25, parks at $18. None of those require a degree or experience and get at least 3% yearly on top of a grid that has 6 raises in the first 5 years. So by year 5 you have had 11 raises. After that you still get the adjustments yearly but the experience raise goes to 2 years until year 21 when you max out. However you get $1400/month for insurance costs. I spend ~$1000 of that. That extra $400 is taxable income into my checks. Be smart and you can find a good job that requires no education, and will keep growing with time. All of those jobs I listed are struggling to find applicants. They will be getting major pay bumps with their next union contracts. The corrections people are looking at ~15% this year of everythong goes the way it sounds like it will in negotiations. Add a 2 year degree and you qualify for even more jobs and higher wages.
Answer my question first then I’ll answer yours. Would you ever agree to pay someone a fixed-BTC salary? I know businesses and employees agree to fixed-USD salaries with COLA raises typically expected. Just wondering if you as a business owner would do the same with BTC.
What's a COLA raise? What I meant is that you decide to accept the underpaid job, if you're a high performer, so you can always find something better. You decide to accept the worst situation, so you shouldn't really complain. When I felt like I was being underpaid I just asked for a raise and I already took the steps to find other jobs just in case they would've said no.
this is dumb. Of course you can be a high performer and ben underpaid, have seen it many times. Most common reason is someone who has stayed at a single company to long. After a while at the vast majority of companies, you will fall behind market pay as you get shitty COLA raises. ' The best way to ensure you are paid for your value is to job hunt every couple years.
If they told the truth about the real inflation rate, they would have to raise the Cost of Living Allowance (COLA) for 2023 to the same CPI, for all those on Social Security, SSI, SSDI, Disabled Veterans, Retired Military, and Retired Federal Workers. In 2022 everyone receiving those benefits received a 5.9% increase. The US does not have a debt ceiling limit so it will be no problem until they have to raise interest rates and start paying interest only. FIAT is dead and they know it.
The next step the Department of the Treasury will take is to LIE about inflation (lie more than they are doing now). They will have to change they way they conduct the CPI even more. Maybe exclude housing, food, energy from the CPI. If inflation continues, the Gov. will have to increase the Cost Of Living Allowance COLA to all those who collect Social Security, SSDI, SSI, Veterans Disability, Retired Military, and Federal Retired workers. If everyone just believes inflation is under control, then they can control the velocity of money which will and can lead to hyperinflation. Just ask anyone from Venezuela.
AND WERE TAKING THIS FROM A GUY THATS LITERALLY GOT LUCKY & BOUGHT COCA COLA WHEN HE WAS YOUNGER? TIMES CHANGED OLD TIMER TAKE YOUR OLD A&$ SOMEWHERE ELSE THIS ISN’T THE 30s OR 40s NO MORE. CRYPTO IS THE FUTURE WETHER YOU LIKE IT OR NOT. YOUR MAD BECAUSE YOU NEVER GOT IN & THE STOCK MARKET YOUR IN NOW IS SLOWLY DETERIORATING BECAUSE ITS JUST OUT DATED & DOESN’T SEE 1000X RETURNS LIKE CRYPTO IS CAPABLE OF DOING GO INVEST MORE INTO CAMBELLS SOUP & BUTTER BOOMER
She kept saying it’s COLA aka cost of living adjustment 🙄
> That's not how new share issuance works. Why would shareholders vote to authorize new shares if they didn't think it was in their best interest? That’s very literally exactly how new share issuance works. No shit they do it because they think it’s their best interest, and you think that means it’s not dilution? LMAO issuing new shares under the same mkt cap causes the existing shares to devalue to maintain the same market cap at the new total number of units. this is simple math, and again the fact that you don’t understand this basically disqualifies you from the rest of this discussion, because you aren’t able to grasp the effects of dilution and by extension, inflation. Companies issue new shares to fund investment. If the investment is expected to be profitable, this can actually increase share value. New dollars are issued when people take out loans. The loan collatoral (and the promise to repay) are what backs the new dollars. The Fed sets interest rates to balence demand for loans vs demand for savings to keep the value of the USD as expected (2% medium term inflation). the other is direct dilution at a chosen rate It is not. The "dilution rate" of the base money supply isn't constant. For example, there are years when the monetary base decreases (QT). USD is a stablecoin -- the supply changes as needed to keep the value as expected. This is why it is so widely used in contracts: it's value is relatively predictable. The fact that you think inflation is just some unrelated natural market force I don't think that. Inflation is the decline in purchasing power of a currency. USD is an inflation-targeted unit of account designed to have a predictable value for use in contracts. printing themselves dollars out of thin air and spending that No, they are buying collatoral to back newly issued dollars. All stablecoins work this way. you are literally penalized for saving. Saving risk-free USD, yes. That's what negative real interest rates are. If you find this penalty unacceptable, you are free to save in whatever other asset you want. The USD isn't even supposed to be an asset, just a predictable unit of account for use in contracts, loans, prices, salaries, deferred payments, refunds, insurance policies, etc. If people find USD too volatile, they are free to create contracts using other units of account (except for taxes). USD is widely used because it is one of the most predictable / liquid / nonvolatile units of account in practice. The point is you either have to risk it in the system again, or lose massive % of your buying power if you want to simply save it. Correct. Well, average real rates over the last decade have been around -1% (even taking recent inflation into account). I wouldn't call that a "massive percent", and it's also historically low (positive real rates were more common before 2008). But the point is people shouldn’t be forced to take risks just to keep what they’ve already fucking earned. So you feel entitled to a zero or positive risk-free real rate of return. Sorry, the world doesn't work this way. Even when we were in the Gold standard, you didn't always get this -- there were many years and even decades of significant inflation (negative risk-free real returns). Obviously Bitcoin doesn't always have a positive real rate of return, nor does Gold or Silver. No asset does. Riskier assets tend to get better returns, and currencies are no exception. It’s fine guys, your salary may have lost 3% of its buying power this year Only if you don't get a raise or COLA adjustment. When the economy is measured in units and you increase the number of units massively, but the economy doesn’t change, what happens to the value of the units? Depends on the demand for the units. If the demand is constant, the value of the unit would fall. If the Fed reduces supply or raises demand (by QT or raising rates) to keep inflation on target (which they regularly do), then your new dollars would be cancelled out by increased loan repayment (dollar destruction) or increased demand for dollars. Printing off massive amounts of dollars devalues the rest of them The why was inflation near zero following 2008 when the monetary base increased by a factor of 4 (!)? You do realize that devaluation because of money printing, right? It's because the USD is designed to target 2% CPI inflation. Money printing is a means to an end to get a predictable unit of account suitable for contracts. So the 13 trillion they printed last year, they have collateral for all of it They didn't print 13 trillion last year (even if we stretch the meaning of "print" beyond recognition). I don't know where you got that number, but it's nonsense. Are you really going to claim inflation is a myth? Obviously not. I'm not denying inflation. you think the losses are inconsequential because you’re comparing that amount of money to your own income We were talking about savings, not income. Income is a whole different story. You’re now going with the argument that minimum wage has scaled with inflation? No, I said it should be, not that it is. I meant that the government should adjust the minimum wage for inflation, like they do for many other prices.
> the board of directors creating more shares out of thin air, causing the value of each unit to decrease by 5%? That's not how new share issuance works. Why would shareholders vote to authorize new shares if they didn't think it was in their best interest? Companies issue new shares to fund investment. If the investment is expected to be profitable, this can actually *increase* share value. New dollars are issued when people take out loans. The loan collatoral (and the promise to repay) are what backs the new dollars. The Fed sets interest rates to balence demand for loans vs demand for savings to keep the value of the USD as expected (2% medium term inflation). > the other is direct dilution at a chosen rate It is not. The "dilution rate" of the base money supply isn't constant; in fact there are years where it *declines*. USD is a stablecoin -- the supply changes as needed to keep the value as expected. This is why it is so widely used in contracts: it's value is relatively predictable. > The fact that you think inflation is just some unrelated natural market force I don't think that. Inflation is the decline in purchasing power of a currency. USD is an inflation-targeted unit of account designed to have a predictable value for use in contracts. > printing themselves dollars out of thin air and spending that No, they are buying collatoral to back newly issued dollars. All stablecoins work this way. > Taking 10% of my buying power as a penalty of saving is a force. You chose to take on excess inflation risk by saving in USD. Every asset has risk, USD is no different. If you think USD is a bad investment or bad asset to save, you are free not to save it! > you are literally penalized for saving. Saving risk-free USD, yes. That's what negative real interest rates are. Again, if you find this penalty unacceptable, you are free to save in whatever other asset you want. The USD isn't even supposed to be an asset, just a predictable unit of account for use in contracts, loans, prices, salaries, deferred payments, refunds, insurance policies, etc. If people find USD too volatile, they are free to create contracts using other units of account (except for taxes). USD is widely used because it is one of the most predictable / liquid / nonvolatile units of account in practice. > The point is you either have to risk it in the system again, or lose massive % of your buying power if you want to simply save it. Correct. Well, average real rates over the last decade have been around -1% (even taking recent inflation into account). I wouldn't call that a "massive percent", and it's also historically low (positive real rates were more common before 2008). Why do you feel entitled to a good return just holding USD? That's what investments are for, not units of account and stablecoins! If you don't like how the USD is implemented, you are free to save in any number of alternatives. That's how the market works. > But the point is people shouldn’t be forced to take risks just to keep what they’ve already fucking earned. So you feel entitled to a zero or positive risk-free real rate of return. Sorry, the world doesn't work this way. Even when we were in the Gold standard, you didn't always get this -- there were many years and even decades of significant inflation (negative risk-free real returns). Obviously Bitcoin doesn't always have a positive real rate of return, nor does Gold or Silver. No asset does. Riskier assets tend to get better returns, and currencies are no exception. > It’s fine guys, your salary may have lost 3% of its buying power this year Only if you don't get a raise or COLA adjustment. > When the economy is measured in units and you increase the number of units massively, but the economy doesn’t change, what happens to the value of the units? Depends on the demand for the units. If the demand is constant, the value of the unit would fall. If the Fed reduces supply or raises demand (by QT or raising rates) to keep inflation on target (which they regularly do), then your new dollars would be cancelled out by increased loan repayment (dollar destruction) or increased demand for dollars. > Printing off massive amounts of dollars devalues the rest of them The why was inflation near zero following 2008 when the monetary base increased by a factor of 4 (!)? > You do realize that devaluation because of money printing, right? It's because the USD is designed to target 2% CPI inflation. Money printing is a means to an end to get a predictable unit of account suitable for contracts. > So the 13 trillion they printed last year, they have collateral for all of it They didn't print 13 trillion last year (even if we stretch the meaning of "print" beyond recognition). I don't know where you got that number, but it's nonsense. > Are you really going to claim inflation is a myth? Obviously not. I'm not denying inflation. > you think the losses are inconsequential because you’re comparing that amount of money to your own income We were talking about *savings*, not *income*. Income is a whole different story. > You’re now going with the argument that minimum wage has scaled with inflation? No, I said it *should* be, not that it *is*. I meant that the government should adjust the minimum wage for inflation, like they do for many other prices.
I dont care as long COCA COLA , NETFLIX, AMAZON, FACEBOOK etc. Run their corporationes on "carbon" and are guilty of 99% carbon.
COLA since 2017 has been 2.0%, 2.8%, 1.6%, 1.3%, 5.9%. So a 3.0% is basically breaking even till this year which is a decent hit. Also depends if it’s 3.0% on $35k a year or 3.0% on $150k a year.
> CAD or EURO would be a quick replacement These are issued by the Bank of Canada and the European Central Bank; these operate very similarly to the Federal Reserve. > Bitcoin, ETH, even Cardano at this point, are all large enough to be used too. They are far too volatile and difficult to predict, though. For example, why would you borrow in Bitcoin or commit to paying a Bitcoin-denominated salary? If Bitcoin mooned, you'd go bankrupt. The whole point of the Bank of Canada, the European Central Bank, and the Federal Reserve is to issue predictable stablecoins (CAD, EURO, USD) that are safe to borrow and use as a unit of account in contracts (for prices, debts, salaries, deferred payments, refunds, subscriptions, insurance policies, taxes, etc.). > The only thing stable about stablecoins is that they have a consistent means of conversion. The thing that is stable about stablecoins is that their value is stable in terms of real goods and services. > it's not [just] the value of crypto fluctuating, it's the value of the dollar Correct, but crypto fluctuates by orders of magnitude more. For example, the BTC/USD graph looks a lot like the BTC/GOLD graph or the BTC/WHEAT graph or the BTC/<average rent> graph or the BTC/CPI graph, etc. That is, if you price assets in BTC, almost all of the volatility you are seeing is due to the change in the value of BTC (for just about any reasonable measure of "value": goods, services, labor, COLA, etc.). > Crypto challenges money directly. Do stocks also challenge money directly? > Every spike or dip in crypto is indicitave of unstable monetary ground I'm not sure what you mean by "unstable monetary ground". > if USD hyperinflates, what good are stablecoins? Not much good in that case. > In many ways, I'd say that crypto is causing the value of the dollar to inflate, to diminish Why would crypto cause the value of the dollar to inflate any more than stocks would? For example, there are many fixed-supply stocks (closed end funds). > units of measurement will become more relative More relative to what? > a pooring standard What is a pooring standard? Do you mean a standard which is getting worse? I don't see evidence of that: USD is still by far the most stable, predictable, and liquid asset with the possible exception of similarly managed stablecoins like CAD and EURO. > everyone's money is more valuable And everyone's debt becomes less valuable (more negative in value). Some who are net long USD would benefit, others who are net short USD would suffer. There would be no net gain in the end: every long USD position corresponds to someone else's short USD position. > But, they won't do that. Correct, because then USD wouldn't be predictable. The whole point of USD is that people can enter contracts with some confidence of what USD will be worth in the future (short-, medium-, and long-term) via the 2% CPI inflation target. If the Fed abandons this target, they are betraying the market participants who have structured hundreds of trillions of dollars of contracts depending on the USD having this predictable value.
Yeh I’m seeing that now, truth of the matter is I scratched Portugal because of my dog and want a place with a lower COLA in a lively beach town. Something where 3k a month will take care of my living needs, rent, groceries(my food budget in Portugal would be much higher than it is now at 1k a month in states) utilities, basic healthcare and money left over to golf occasionally and go out drinking and what not. I’m still a year or two off from making a final call for the next decade anyway.
I'd actually go one further. If I had to place a label on it, I'd consider myself a very capitalistic (with regulations tied to housing - absolute crime how we approach this in America - no foreign investors and a cap on properties owned for both personal and rental) social-democratic that believes in UBI (and either socialized medicine (which working in SaaS sales in health industry learned its easily demonstrably cheaper or the Singapore model because while I've turned "progressive" on the American scope I do still believe strongly in personal responsibility and with UBI I know people will make poor choices with food) Let markets dictate everything else outside basic rent and food. Income inequality has become asinine at this point in this country and social mobility is dead among developed countries, if history is any guide this always leads to societal decline (could possibly seeing the beginnings of this) As move closer and closer to a post-scarcity society these things need to be reformed (pretty much every developed country is now a service economy, as tech gets better, so will the developing countries) I strongly believe in personal responsibility but at the same time people absolutely delude themselves about external factors to their success. This would gurantee a more fair playing field, (billionaires get this with salary caps in sports, but the overall economy? Yeah fuck you we are all playing on the same team) I realize with the institutions we have in place this can't happen overnight, but the longer we put it off, the harder and messier it becomes. As previously stated, worked tied to healthcare, and the only reason we haven't moved off the private insurance model yet isn't because of the arguments private vs public because public wins hands down, it's because it's a massive jobs program. The ironic part is so many of these jobs are sent overseas. A minimum wage tied to COLA in the area is a good start though
It's like learning Coca-Cola (tether) is number one of the colas in sales way over Pepsi (USDC) But actually learning taste tests prove Pepsi is more tasty and taste better to people and yet it is a distant second place... Better yet we should consider tether RC COLA with a Coca-Cola budget...
B/c then you lose years of appreciation. During your time in office? It will lose out year over year 10%~. To - Inflation - COLA Then said elected officials will be *years* behind on their retirement. Placing an *influential person* in a **very** **vulnerable** position. This is a very very misguided way to "ensure" any integrity in officials. Maybe it will work elsewhere. In the United States, we don't have anything. Unless it's invested && created by ourselves. There is no safety net to "fall back on". There is no "supplement" or anything paid for with healthcare. The expectation is, *for most*, unfortunately. Have enough to pay or not at all.