{"id":474506,"date":"2021-10-23T21:28:03","date_gmt":"2021-10-23T21:28:03","guid":{"rendered":"https:\/\/wncen.com\/?p=474506"},"modified":"2024-06-11T13:59:44","modified_gmt":"2024-06-11T13:59:44","slug":"hyperinflation-jack-dorsey","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/","title":{"rendered":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d"},"content":{"rendered":"<p><span style=\"font-weight: 400\">When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the pain that inflation brings, the concept is in everyone\u2019s mind. Every human has a front-row seat to witness the consequences of the United State\u2019s relentless money printing. And, since the Dollar is still the reserve currency of the world,\u00a0 they\u2019re all feeling it too.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/bullish-for-bitcoin-us-inflation-expectation-breaks-out-from-decade-long-downtrend\/\">Bullish For Bitcoin: US Inflation Expectation Breaks Out From Decade Long Downtrend<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">This is Jack Dorsey\u2019s tweet:<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hyperinflation is going to change everything. It\u2019s happening.<\/p>\n<p>&mdash; jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/61783299?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">As you can see, he doesn\u2019t merely talk about inflation. He goes for \u201chyperinflation,\u201d which caused adverse reactions in the replies and the quoted tweets. They accused him of fear-mongering and quoted official numbers at him. And the nay-sayers probably have a point here, because the US is far removed from the reality that word implies. However, one thing\u2019s for sure: money printer goes brrrrrrrr\u2026 and it hasn\u2019t stopped working since Covid hit.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Negative And Moderate Reactions To Jack Dorsey\u2018s Tweet<\/span><\/h2>\n<p><span style=\"font-weight: 400\">This is an example of an unnecessarily insulting response from a traditional finance person.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/ step back and it\u2019s disturbing that a lot of most powerful financial figures\/oligarchs are invested, literally and figuratively, in various huckster schemes and libertarianish fantasies of state and civilizations collapse.<\/p>\n<p>&mdash; Josh Marshall (@joshtpm) <a href=\"https:\/\/twitter.com\/joshtpm\/status\/99003144?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">This man has obviously not done his homework regarding Bitcoin, so his argument is invalid. And doesn\u2019t require a response. Plus, he\u2019s being insulting to get attention, which he got. So, good for him and his dopamine levels. Let\u2019s hope he has fun staying poor.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is a Venezuelan economist with a moderate answer to Jack Dorsey.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I don&#39;t think it will. But it doesn&#39;t need to happen for things to get ugly. <a href=\"https:\/\/t.co\/Cj85mJ8o7x\" rel=\"nofollow\">https:\/\/t.co\/Cj85mJ8o7x<\/a><\/p>\n<p>&mdash; Eduardo Gavotti (@EduardoGavotti) <a href=\"https:\/\/twitter.com\/EduardoGavotti\/status\/73764096?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Since Venezuelans have first-hand experience with hyperinflation, let\u2019s take what he says into account. The US is just feeling what inflation does. So-called developing economies live with that concept on their backs every second of every day.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-474508 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/BTCUSD_2021-10-23_18-09-40.png?resize=460%2C257\" alt=\"BTCUSD price chart for 10\/23\/2021 - TradingView\" width=\"460\" height=\"257\"><\/p>\n<pre style=\"text-align: center\">BTC price chart for 10\/23\/2021 on Bitstamp | Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">Informative Reactions To Jack Dorsey\u2019s Tweet<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Human Rights Foundation\u2019s Alex Gladstein, a notorious Bitcoin maximalist, had this to say to Jack Dorsey.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Those shocked by this tweet live in a bubble of financial privilege.<\/p>\n<p>*1.3 billion* live under double, triple, or quadruple-digit inflation: Turkey, Nigeria, Ethiopia, Iran, Lebanon, Venezuela, Cuba, Sudan, and beyond.<\/p>\n<p>It\u2019s already one of the world\u2019s biggest humanitarian crises. <a href=\"https:\/\/t.co\/P83opDagdu\" rel=\"nofollow\">https:\/\/t.co\/P83opDagdu<\/a><\/p>\n<p>&mdash; Alex Gladstein \ud83c\udf0b \u26a1 (@gladstein) <a href=\"https:\/\/twitter.com\/gladstein\/status\/00855554?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">He\u2019s not lying. Hyperinflation is \u201c<\/span><i><span style=\"font-weight: 400\">already one of the world\u2019s biggest humanitarian crises.<\/span><\/i><span style=\"font-weight: 400\">\u201d However, the US is far away from \u201c<\/span><i><span style=\"font-weight: 400\">Turkey, Nigeria, Ethiopia, Iran, Lebanon, Venezuela, Cuba<\/span><\/i><span style=\"font-weight: 400\">\u201d, and Sudan\u2019s situation. And, since the Dollar is still the reserve currency of the world, they have a comfortable cushion to resist the constant money printing\u2019s effects.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Serial entrepreneur and former Coinbase CTO, Balaji Srinivasan, answered Jack Dorsey with a fully-fledged idea. A \u201c<\/span><i><span style=\"font-weight: 400\">censorship-resistant inflation index.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I wrote a spec for a censorship-resistant inflation index. It\u2019s framed for a startup, but Square could easily do this. In a crisis, accurate inflation info would be something people checked Twitter for every day. <a href=\"https:\/\/twitter.com\/milessuter?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@milessuter<\/a> <a href=\"https:\/\/twitter.com\/moneyball?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@moneyball<\/a> <a href=\"https:\/\/twitter.com\/jack?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@jack<\/a> <a href=\"https:\/\/t.co\/SYb2mfxjex\" rel=\"nofollow\">https:\/\/t.co\/SYb2mfxjex<\/a><\/p>\n<p>&mdash; Balaji (@balajis) <a href=\"https:\/\/twitter.com\/balajis\/status\/39076101?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">In the project, he brings forth some hard truths:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cIf inflation is a government-caused problem, we can&#8217;t necessarily rely on government statistics like the <\/span><a href=\"https:\/\/www.bls.gov\/cpi\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">CPI<\/span><\/a><span style=\"font-weight: 400\"> to diagnose it or remediate it. Indeed, in places with high inflation, censorship and denial is the rule rather than the exception.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">If you are technically capable, there\u2019s still time to send your proposal and earn \u201c<\/span><a href=\"https:\/\/1729.com\/inflation\" rel=\"nofollow\"><i><span style=\"font-weight: 400\">A $100k Prize for a Decentralized Inflation Dashboard<\/span><\/i><\/a><span style=\"font-weight: 400\">.\u201d Be aware that \u201c<\/span><i><span style=\"font-weight: 400\">if you use Chainlink&#8217;s oracle tech in your project, the best dashboard will be eligible to receive a $100k grant in LINK tokens.<\/span><\/i><span style=\"font-weight: 400\">\u201d Those tokens are in addition to the main prize.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Poor Understanding Of The Terminology<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a Twitter Spaces room specifically dedicated to Jack Dorsey\u2019s tweet, notorious podcaster Preston Pysh concluded.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cI think people&#8217;s understanding of the terminology, deflation, inflation, is just grossly misunderstood. And so, when you say we&#8217;re going to have these deflationary events that are then going to lead to more QE, which is then going to result in more inflationary events. I completely agree with you, but we&#8217;re talking that there&#8217;s so much information loss in such a simple word as deflation and inflation. So the deflationary event is that this whole system is constructed as credit.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">When he says QE, Preston refers to Quantitative Easing, which <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/q\/quantitative-easing.asp\" rel=\"nofollow\"><span style=\"font-weight: 400\">Investopedia defines<\/span><\/a><span style=\"font-weight: 400\"> as:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u00a0\u201cA form of unconventional monetary policy in which a central bank purchases longer-term securities from the open market in order to increase the money supply and encourage lending and investment. Buying these securities adds new money to the economy, and also serves to lower interest rates by bidding up fixed-income securities.\u201d<\/span><\/p><\/blockquote>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/dorsey-plans-to-build-bitcoin-dex\/\">Jack Dorsey Plans to Build A Decentralized Exchange For Bitcoin<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">That being said, Preston asks:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cHow many people in the US, or in the world, have that context when that&#8217;s not their expertise, right? They didn&#8217;t get a major in macroeconomics, or finance, or whatever. So, it&#8217;s just all buzzwords that people throw around. And, in the meantime, no one really even understands what those definitions even represent.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">For more information about <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoinist-book-club-the-bitcoin-standard-chapter-7-p-2-inflation\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">inflation, check out the Bitcoinist Book Club<\/span><\/a><span style=\"font-weight: 400\"> analysis of Saifedean Ammous\u2019 \u201cThe Bitcoin Standard.\u201d<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image by <a href=\"https:\/\/pixabay.com\/users\/geralt-9301\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=215512\" rel=\"nofollow\">Gerd Altmann<\/a> from <a href=\"https:\/\/pixabay.com\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=215512\" rel=\"nofollow\">Pixabay<\/a> - Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the pain that inflation brings, the concept is in everyone\u2019s mind. Every human has a front-row seat to witness the consequences of the United State\u2019s relentless money printing. And, since the Dollar is still the reserve currency of the world,\u00a0 they\u2019re all feeling it too. Related Reading | Bullish For Bitcoin: US Inflation Expectation Breaks Out From Decade Long Downtrend This is Jack Dorsey\u2019s tweet: Hyperinflation is going to change everything. It\u2019s happening. &mdash; jack (@jack) October 23, 2021 As you can see, he doesn\u2019t merely talk about inflation. He goes for \u201chyperinflation,\u201d which caused adverse reactions in the replies and the quoted tweets. They accused him of fear-mongering and quoted official numbers at him. And the nay-sayers probably have a point here, because the US is far removed from the reality that word implies. However, one thing\u2019s for sure: money printer goes brrrrrrrr\u2026 and it hasn\u2019t stopped working since Covid hit. Negative And Moderate Reactions To Jack Dorsey\u2018s Tweet This is an example of an unnecessarily insulting response from a traditional finance person.\u00a0 2\/ step back and it\u2019s disturbing that a lot of most powerful financial figures\/oligarchs are invested, literally and figuratively, in various huckster schemes and libertarianish fantasies of state and civilizations collapse. &mdash; Josh Marshall (@joshtpm) October 23, 2021 This man has obviously not done his homework regarding Bitcoin, so his argument is invalid. And doesn\u2019t require a response. Plus, he\u2019s being insulting to get attention, which he got. So, good for him and his dopamine levels. Let\u2019s hope he has fun staying poor. This is a Venezuelan economist with a moderate answer to Jack Dorsey. I don&#39;t think it will. But it doesn&#39;t need to happen for things to get ugly. https:\/\/t.co\/Cj85mJ8o7x &mdash; Eduardo Gavotti (@EduardoGavotti) October 23, 2021 Since Venezuelans have first-hand experience with hyperinflation, let\u2019s take what he says into account. The US is just feeling what inflation does. So-called developing economies live with that concept on their backs every second of every day. BTC price chart for 10\/23\/2021 on Bitstamp | Source: BTC\/USD on TradingView.com Informative Reactions To Jack Dorsey\u2019s Tweet The Human Rights Foundation\u2019s Alex Gladstein, a notorious Bitcoin maximalist, had this to say to Jack Dorsey. Those shocked by this tweet live in a bubble of financial privilege. *1.3 billion* live under double, triple, or quadruple-digit inflation: Turkey, Nigeria, Ethiopia, Iran, Lebanon, Venezuela, Cuba, Sudan, and beyond. It\u2019s already one of the world\u2019s biggest humanitarian crises. https:\/\/t.co\/P83opDagdu &mdash; Alex Gladstein \ud83c\udf0b \u26a1 (@gladstein) October 23, 2021 He\u2019s not lying. Hyperinflation is \u201calready one of the world\u2019s biggest humanitarian crises.\u201d However, the US is far away from \u201cTurkey, Nigeria, Ethiopia, Iran, Lebanon, Venezuela, Cuba\u201d, and Sudan\u2019s situation. And, since the Dollar is still the reserve currency of the world, they have a comfortable cushion to resist the constant money printing\u2019s effects. Serial entrepreneur and former Coinbase CTO, Balaji Srinivasan, answered Jack Dorsey with a fully-fledged idea. A \u201ccensorship-resistant inflation index.\u201d I wrote a spec for a censorship-resistant inflation index. It\u2019s framed for a startup, but Square could easily do this. In a crisis, accurate inflation info would be something people checked Twitter for every day. @milessuter @moneyball @jack https:\/\/t.co\/SYb2mfxjex &mdash; Balaji (@balajis) October 23, 2021 In the project, he brings forth some hard truths: \u201cIf inflation is a government-caused problem, we can&#8217;t necessarily rely on government statistics like the CPI to diagnose it or remediate it. Indeed, in places with high inflation, censorship and denial is the rule rather than the exception.\u201d If you are technically capable, there\u2019s still time to send your proposal and earn \u201cA $100k Prize for a Decentralized Inflation Dashboard.\u201d Be aware that \u201cif you use Chainlink&#8217;s oracle tech in your project, the best dashboard will be eligible to receive a $100k grant in LINK tokens.\u201d Those tokens are in addition to the main prize. Poor Understanding Of The Terminology In a Twitter Spaces room specifically dedicated to Jack Dorsey\u2019s tweet, notorious podcaster Preston Pysh concluded. \u201cI think people&#8217;s understanding of the terminology, deflation, inflation, is just grossly misunderstood. And so, when you say we&#8217;re going to have these deflationary events that are then going to lead to more QE, which is then going to result in more inflationary events. I completely agree with you, but we&#8217;re talking that there&#8217;s so much information loss in such a simple word as deflation and inflation. So the deflationary event is that this whole system is constructed as credit.\u201d When he says QE, Preston refers to Quantitative Easing, which Investopedia defines as: \u00a0\u201cA form of unconventional monetary policy in which a central bank purchases longer-term securities from the open market in order to increase the money supply and encourage lending and investment. Buying these securities adds new money to the economy, and also serves to lower interest rates by bidding up fixed-income securities.\u201d Related Reading | Jack Dorsey Plans to Build A Decentralized Exchange For Bitcoin That being said, Preston asks: \u201cHow many people in the US, or in the world, have that context when that&#8217;s not their expertise, right? They didn&#8217;t get a major in macroeconomics, or finance, or whatever. So, it&#8217;s just all buzzwords that people throw around. And, in the meantime, no one really even understands what those definitions even represent.\u201d For more information about inflation, check out the Bitcoinist Book Club analysis of Saifedean Ammous\u2019 \u201cThe Bitcoin Standard.\u201d Featured Image by Gerd Altmann from Pixabay &#8211; Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":474507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,83386,3],"tags":[84535,84174,8710,84529,16295,5539,84530,84533,73582,9552,2438,10152,13179,2727,84531,3179,82153,3553,3556,3946,84534,84532,83914,4246,4257,8258],"class_list":["post-474506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-crypto","category-news","tag-a-100k-prize-for-a-decentralized-inflation-dashboard","tag-alex-gladstein","tag-balaji-srinivasan","tag-censorship-resistant-inflation-index","tag-chainlink","tag-cuba","tag-eduardo-gavotti","tag-ethiopia","tag-human-rights-foundation","tag-hyperinflation","tag-inflation","tag-iran","tag-jack-dorsey","tag-lebanon","tag-money-printer-goes-brrrrrrrr","tag-nigeria","tag-preston-pysh","tag-qe","tag-quantitative-easing","tag-square","tag-sudan","tag-the-us","tag-the-us-dollar","tag-turkey","tag-twitter","tag-venezuela"],"acf":[],"yoast_head":"\n<title>Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d<\/title>\n<meta name=\"description\" content=\"When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d\" \/>\n<meta property=\"og:description\" content=\"When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-23T21:28:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:59:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"905\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eduardo Pr\u00f3spero\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@edprospero23\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eduardo Pr\u00f3spero\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\"},\"author\":{\"name\":\"Eduardo Pr\u00f3spero\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b\"},\"headline\":\"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d\",\"datePublished\":\"2021-10-23T21:28:03+00:00\",\"dateModified\":\"2024-06-11T13:59:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\"},\"wordCount\":792,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905\",\"keywords\":[\"A $100k Prize for a Decentralized Inflation Dashboard.\",\"Alex Gladstein\",\"balaji srinivasan\",\"censorship-resistant inflation index\",\"chainlink\",\"Cuba\",\"Eduardo Gavotti\",\"Ethiopia\",\"Human Rights Foundation\",\"Hyperinflation\",\"inflation\",\"iran\",\"Jack Dorsey\",\"lebanon\",\"money printer goes brrrrrrrr\",\"Nigeria\",\"Preston Pysh\",\"QE\",\"quantitative easing\",\"square\",\"Sudan\",\"The US\",\"The US Dollar\",\"Turkey\",\"twitter\",\"Venezuela\"],\"articleSection\":[\"Bitcoin\",\"Crypto\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\",\"url\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\",\"name\":\"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905\",\"datePublished\":\"2021-10-23T21:28:03+00:00\",\"dateModified\":\"2024-06-11T13:59:44+00:00\",\"description\":\"When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905\",\"width\":1280,\"height\":905,\"caption\":\"Jack Dorsey, hyperinflation clip art\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b\",\"name\":\"Eduardo Pr\u00f3spero\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g\",\"caption\":\"Eduardo Pr\u00f3spero\"},\"description\":\"Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Venezuelan. He wrote a novel, but it's only available in Spanish. It's called \\\"La Tormenta.\\\"\",\"sameAs\":[\"https:\/\/samplesandexamples.wordpress.com\/\",\"https:\/\/x.com\/edprospero23\"],\"url\":\"https:\/\/wncen.com\/author\/eduardoprospero\/\"}]}<\/script>\n","yoast_head_json":{"title":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d","description":"When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/","og_locale":"en_US","og_type":"article","og_title":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d","og_description":"When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the","og_url":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-10-23T21:28:03+00:00","article_modified_time":"2024-06-11T13:59:44+00:00","og_image":[{"width":1280,"height":905,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905","type":"image\/jpeg"}],"author":"Eduardo Pr\u00f3spero","twitter_card":"summary_large_image","twitter_creator":"@edprospero23","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Eduardo Pr\u00f3spero","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/"},"author":{"name":"Eduardo Pr\u00f3spero","@id":"https:\/\/wncen.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b"},"headline":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d","datePublished":"2021-10-23T21:28:03+00:00","dateModified":"2024-06-11T13:59:44+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/"},"wordCount":792,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905","keywords":["A $100k Prize for a Decentralized Inflation Dashboard.","Alex Gladstein","balaji srinivasan","censorship-resistant inflation index","chainlink","Cuba","Eduardo Gavotti","Ethiopia","Human Rights Foundation","Hyperinflation","inflation","iran","Jack Dorsey","lebanon","money printer goes brrrrrrrr","Nigeria","Preston Pysh","QE","quantitative easing","square","Sudan","The US","The US Dollar","Turkey","twitter","Venezuela"],"articleSection":["Bitcoin","Crypto","Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/","url":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/","name":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905","datePublished":"2021-10-23T21:28:03+00:00","dateModified":"2024-06-11T13:59:44+00:00","description":"When Square\u2019s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905","width":1280,"height":905,"caption":"Jack Dorsey, hyperinflation clip art"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b","name":"Eduardo Pr\u00f3spero","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g","caption":"Eduardo Pr\u00f3spero"},"description":"Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Venezuelan. He wrote a novel, but it's only available in Spanish. It's called \"La Tormenta.\"","sameAs":["https:\/\/samplesandexamples.wordpress.com\/","https:\/\/x.com\/edprospero23"],"url":"https:\/\/wncen.com\/author\/eduardoprospero\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d","url":"http:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/hyperinflation-jack-dorsey\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Eduardo Pr\u00f3spero"}],"creator":["Eduardo Pr\u00f3spero"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["a $100k prize for a decentralized inflation dashboard.","alex gladstein","balaji srinivasan","censorship-resistant inflation index","chainlink","cuba","eduardo gavotti","ethiopia","human rights foundation","hyperinflation","inflation","iran","jack dorsey","lebanon","money printer goes brrrrrrrr","nigeria","preston pysh","qe","quantitative easing","square","sudan","the us","the us dollar","turkey","twitter","venezuela"],"dateCreated":"2021-10-23T21:28:03Z","datePublished":"2021-10-23T21:28:03Z","dateModified":"2024-06-11T13:59:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is Hyperinflation Inevitable? Jack Dorsey Says It\\u2019ll \\u201cChange Everything\\u201d\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/hyperinflation-jack-dorsey\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/hyperinflation-jack-dorsey\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/crash-g3b8d9a147_1280.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Eduardo Pr\\u00f3spero\"}],\"creator\":[\"Eduardo Pr\\u00f3spero\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"a $100k prize for a decentralized inflation dashboard.\",\"alex gladstein\",\"balaji srinivasan\",\"censorship-resistant inflation index\",\"chainlink\",\"cuba\",\"eduardo gavotti\",\"ethiopia\",\"human rights foundation\",\"hyperinflation\",\"inflation\",\"iran\",\"jack dorsey\",\"lebanon\",\"money printer goes brrrrrrrr\",\"nigeria\",\"preston pysh\",\"qe\",\"quantitative easing\",\"square\",\"sudan\",\"the us\",\"the us dollar\",\"turkey\",\"twitter\",\"venezuela\"],\"dateCreated\":\"2021-10-23T21:28:03Z\",\"datePublished\":\"2021-10-23T21:28:03Z\",\"dateModified\":\"2024-06-11T13:59:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/crash-g3b8d9a147_1280.jpg?fit=1280%2C905","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/474506"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/539"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=474506"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/474506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/474507"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=474506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=474506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=474506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}