Great video. Important to keep in mind though that Moore's Law was both observation and speculation, and has missed several important milestones in the last 4 years. That directly applies to transistor technology, but not necessarily overall technological progress. We could still accelerate through human innovation and ingenuity, and transistor technology could again catch up to a Moore's Law forecast, but as it stands right now in 2021 processing power is starting its plateau. Making the most of what processing power tech we have today would be adequate to solve the inflationary financial conundrum. Once we can settle on a cryptocurrency that can be properly recognised throughout the entire world, a new era will be ushered in. But it must be scalable, secure and backed by bulletproof code. Then it'll need to be tried and tested in every way imaginable. But I have confidence that it will happen, and maybe even in our lifetime.
Thank you for awesome animations! I loved your channel. Counter argument: You mentioned Moore's law but that graph is not capture whole picture. Prices declining because of every cumulative of doubling production rates. Not because of ''time''. Time does not explain why Tesla production cost declining. Wright law better explanation for deflationary forces. Let say you have deflation all the time than why people spend money on goods? (Japan) People know that prices will be down in the future. If that is the case than production rate will be cut. If there is not increase in production than prices won't decline as well. I don't like to see goverment eroding people's spending power in time but deflationary boom actually possible with little inflation.
Govt has to create jobs, if you allow the private sector to lay off and create fear in the market then of course thats bad, people stop spending due to fear of lay offs, difficulty of finding suitable employment etc. Stimulus does not produce monthly income year after year like a govt job. There is no motivation to produce in deflationary periods, the only reason things get cheaper is off shore slave labor and currancy manipulation
Wow, my time machine worked! I'm here before this channel reached a million subscribers! Hi, I'm a big fan!
Hello there!
+1
Kurzgesagt vibe here, underrated channel. Keep it up!
Awesome work. You will reach the million. Keep going ! Glad to be here so early to see you succeed.
Thank you so much! 1 Mil is bound to happen
The fact that this video has less than a thousand views but the article about the fishbowl inflation metaphor has thousands of views is a crime.
thank you :) more on the way!
Great work keep it going
Wow. Great video. I can't believe I am here before a million subscribers.
only 999,000 more subs!
Keep up with the good work!
Thanks, will do!
Great video. Important to keep in mind though that Moore's Law was both observation and speculation, and has missed several important milestones in the last 4 years. That directly applies to transistor technology, but not necessarily overall technological progress. We could still accelerate through human innovation and ingenuity, and transistor technology could again catch up to a Moore's Law forecast, but as it stands right now in 2021 processing power is starting its plateau.
Making the most of what processing power tech we have today would be adequate to solve the inflationary financial conundrum. Once we can settle on a cryptocurrency that can be properly recognised throughout the entire world, a new era will be ushered in. But it must be scalable, secure and backed by bulletproof code. Then it'll need to be tried and tested in every way imaginable. But I have confidence that it will happen, and maybe even in our lifetime.
Thank you for awesome animations!
I loved your channel.
Counter argument:
You mentioned Moore's law but that graph is not capture whole picture.
Prices declining because of every cumulative of doubling production rates.
Not because of ''time''.
Time does not explain why Tesla production cost declining.
Wright law better explanation for deflationary forces.
Let say you have deflation all the time than why people spend money on goods? (Japan)
People know that prices will be down in the future.
If that is the case than production rate will be cut.
If there is not increase in production than prices won't decline as well.
I don't like to see goverment eroding people's spending power in time but deflationary boom actually possible with little inflation.
Excellent video.
this is plain and simple the best f* content on YT. Best way to sell/introduce to btc also ❤️
thank you!
Some segments in the video are stamped not adjacent to each other
Govt has to create jobs, if you allow the private sector to lay off and create fear in the market then of course thats bad, people stop spending due to fear of lay offs, difficulty of finding suitable employment etc. Stimulus does not produce monthly income year after year like a govt job. There is no motivation to produce in deflationary periods, the only reason things get cheaper is off shore slave labor and currancy manipulation
You had me up until BTC
👌
What a bs 😂