Re:The Ultimate Guide to Inflation
by matthewdgreen on Monday May 10, 2021 @09:40AM
(#27105864)
Yes, but so what? My current iPhone now devotes trillions of potentially-useful cycles to NOPs or processor sleep cycles. Does this mean that $32m of actual value is being created for me?
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That’s key, people are spending more on mobile phones now than they were a decade ago. The benefit they get is difficult to quantify on an individual basis, certainly the difference between a phone from 5 years ago have very little difference than one from today, better camera perhaps, but how many people who bought a separate camera in 2016 don’t bother now.