ilmscore | WTF Happened In 1971?

WTF Happened In 1971?

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The speaker suggests that the value of NFTs in the future will be comparable to the current value of pet rocks, implying a similar trajectory of value depreciation.
"so i don't ever want to hear an older person criticize nfts because you guys bought pet rocks for 30 and what are they worth today probably what nfts will be worth in a few years"
Pet Rocks vs. NFTs
Pending
The speaker predicts that the current economic situation, driven by excessive money printing during the pandemic, will necessitate quantitative tightening to reduce the money supply and prevent runaway inflation. They also warn against having too little money, which would lead to hoarding and economic stagnation.
"the real goal of money is to balance out the supply alongside the population and the levels of productivity so as not to create too much money in the system where we get runaway inflation and things become unaffordable like they've become but not too little amount of money where everyone hoards it and saves it because it's so valuable and we no longer have an economy"
Money Supply and Inflation
Pending
The speaker views cryptocurrencies as a potential tool to counteract government-induced inflation, although they acknowledge that government money printing is not always detrimental.
"it's just one answer meant as a counter measure against the government printing more money which realize isn't always bad"
Crypto as a Countermeasure
Pending
The speaker suggests that economic systems, including monetary systems, are inherently experimental and will continue to evolve and change over time.
"maybe money was meant to be a perpetual ongoing experiment forever and ever"
Economic Systems Experimentation
Pending