The reason why we are paying inflated prices.

Right now we are paying inflated prices because we are forced to spend our economic energy in an inflationary environment, but we inherently live in a deflationary world.

Jeff Booth: The Price of Tomorrow talks about this in extensive detail.

Technology is always trying to get more for less. You used to have to spend gas driving down to Blockbuster, spend half an hour in a store, finally find a movie, spend your 9 bucks renting the movie, drive all the way home, drive back to drop off the movie then drive back home.

The amount of energy we had to consume to simply watch one movie and now you have Netflix for the same price as one movie. Technology is always trying to drive down prices, always trying to get more for less, but we have a monetary system that is inflationary. So if prices are trying to fall but we have a debt based monetary system where prices are rising, we have a misalignment to reality.

This is why we're paying inflated prices. As for Bitcoin, it is only 15 years old and imo has yet to see true price discovery, therefore its hard to say what is its true value in relation to what you can buy.

Fiat is fundamentally broken, yet we are forced to measure bitcoin in fiat because we have no other option.

I think this type of inflation will slowly (or quickly) phase out overtime as Bitcoin's hash rate and monetary network continues to grow and swallow premiums from all other fiat vehicles (RE, gold, stocks, bonds), ironically returning them back to their normal market value, as they should be. A house should not be an investment. It's a fucking house, you live in it.

We live in a deflationary world, it's time we have the same for money.

Thanks for listening to my ted talk, buy bitcoin.