this post was submitted on 04 Dec 2023

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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

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Cryptoflation (lemmy.world)

submitted 2 years ago by rnjesus@lemmy.world to c/microblogmemes@lemmy.world

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[–] KoalaUnknown@lemmy.world 46 points 2 years ago* (1 child)

October’s 12 month inflation rate was 3.2% trending downwards…

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[–] Zorque@kbin.social 34 points 2 years ago (1 child)

This image is almost two years old.

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[–] SuckMyWang@lemmy.world 18 points 2 years ago (1 child)

Isn’t bitcoin up 130% for the year? I’m confused

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[–] Zorque@kbin.social 12 points 2 years ago (1 child)

Ah, because bitcoin is up 130% for the year October of this years inflation is contextually necessary for inflation from February of 2022.

Wait, no, now I'm confused. This image is old. It is not current. It is not going to reference current events. Or even events of a couple months ago. It's going to reference events from two years ago or older.

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[–] SuckMyWang@lemmy.world 7 points 2 years ago (2 children)

The real question is why is a post about conditions that are 2 years old, getting so much traction now when it appears the opposite is relevant?

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[–] JackbyDev@programming.dev 4 points 2 years ago

Because inflation is still high and crypto is still volatile.

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[–] Zorque@kbin.social 1 point 2 years ago (1 child)

Because they're indicative of general economic conditions.

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[–] SuckMyWang@lemmy.world 1 point 2 years ago

Not really, bitcoin was trending sideways before the banking crisis. If anything bitcoin solidified its reversal when this happened. So it did the opposite of what would normally cause poor general economic conditions

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