Re:Blockchains: How They Work and Why They’ll Change the World
by chirau on Thursday October 05, 2017 @04:51AM
(#15407606)
We in Zimbabwe do not fully understand what you mean by "Zimbabwe moment"... please do explain. And also explain how this blockchain would change anything here.
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Re:Blockchains: How They Work and Why They’ll Change the World
by Iv on Thursday October 05, 2017 @05:05AM
(#15407672)
Sorry, I mean a runaway inflation that led to trillion dollars bills to buy bread, as well as the impossibility to anticipate costs of look g projects without resorting to foreign currency.
Re:Blockchains: How They Work and Why They’ll Change the World
by 0x006A on Thursday October 05, 2017 @05:18AM
(#15407716)
what would a blockchain solve that any foreign currency would not do in that case? whats the benefit of a blockchain based system compared to dollar or euro cash in such a situation?
Re:Blockchains: How They Work and Why They’ll Change the World
by gbersac on Thursday October 05, 2017 @06:48AM
(#15408114)
A blockchain is run algorithmically and you can't change the rules as you will. There's no way to create a lot of bitcoin out of nothing (except a hard fork, which mean creating a new blockchain), that prevent inflation.