@vitalik.eth on Farcaster: "Bought my standard drink at st..."

7mo

Bought my standard drink at starbucks (hot venti green tea) in Switzerland. Cost was 6.20 CHF. In 2014 it was 5.60 CHF. 11% price increase in 11 years = 1% annual inflation. Impressive job 🇨🇭!

26recasts·

6quotes·

222likes·

9.5Kviews

joshisdead.eth

7mo

Hey @clanker time to tokenize vitalik favorite drink! Name: Vitalik Favorite Starbucks Drink Ticker: HotVentiGreenTea

vitalik.eth

7mo

bruh what is that abomination, that's not hot venti green tea

joshisdead.eth

7mo

There's no picture of hot venti green tea in the internet vruh Drop the pic or I'll buy it later today on sb!

silv.eth

7mo

The 1% inflation metric is good but the tea costs 42% more than in NYC (US $7.51 vs $5.28)

vitalik.eth

7mo

I remember when it was $3 (and they did not try to throw 22% tips in your face)

sejupaar

7mo

Sorry, and with all due respect, but why would you buy a Green Tea in Starbucks? With so many Hōjicha available elsewhere and much cheaper. Forget about inflation (which is truly impressive, gotta admit).

vitalik.eth

7mo

because there was a starbucks nearby and there was no houjicha place nearby

sejupaar

7mo

There are no such places. Are there? I would order a large bag and just prepare at home, tbh.

vitalik.eth

7mo

Zurich the city has it, but the airport does not, at least according to both google maps and AI.

7mo

No wine?

nebula

7mo

Health insurance also grew by 13.4% on average during that time

ceej

7mo

tea is also still only a 200 star reward

ceej

7mo

today i learned im the iced version of vitalik

mats

7mo

Would love to have tea if you’re popping by foundation HQ in Zug!

kaloh

7mo

How do you usually pay for these things, vitalik? Fiat or some sort of crypto payment?

trebor69

7mo

Switzerland is pretty open about crypto payments, good question

seek debt relief

Come to Hungary. We eat 11 percents for breakfast

ivananishchuk

6mo

I guess 1% price index change is a good metric, in comparison to some other fiat monies, the less printing the better. Yet the main problem with inflation is not about changing the price tags or even hidden saving tax - the question here is who gets the newly minted money before others?

*0,92% 🔥

*1% annual average inflation